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WCX

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Share Name Share Symbol Market Type
TSXV:WCX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Williams Creek Gold Limited Stakes New Claims in Nevada

06/09/2011 2:44pm

Marketwired Canada


Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek," "WCX," or "the
Company") is pleased to announce that it has staked 32 unpatented lode mining
claims in Pershing County, Nevada, approximately 40 miles south of Battle
Mountain. The claims, referred to as the BOPS Project, are a new discovery
resulting from a regional reconnaissance exploration program begun by Williams
Creek in the spring of 2011. The property lies within the Northern Nevada Rift,
a significant major crustal feature in northern and central Nevada that appears
to be a critical component in the genesis of economic precious metals deposits
in this part of the state. 


The property lies close to the termination of a linear trend of historic mercury
mines and prospects and is in an area that has previously been explored only in
a limited fashion. The proposed model for the type of deposit that Williams
Creek envisions at BOPS is an epithermal, hot springs gold-silver (Au-Ag) system
similar to numerous other gold deposits in Nevada.


Geology: 

The alteration exposed at the surface is interpreted as representing the
uppermost level of the hot springs model, with the potential for both
disseminated low-grade mineralization and possible vein or stockwork type
deposits at depth. The project requires an exploration program based on a
multidisciplinary approach, including surface geochemical sampling, ground-based
geophysical surveys and eventually moderate to deep exploration drilling. The
nearest known gold deposit is at Goldbanks, roughly 15 miles to the northwest.
The mineralization at Goldbanks starts at a depth of approximately 45 meters to
60 meters below the current ground surface. Prior to the 1960's, the upper level
opalite deposits at Goldbanks were exploited for mercury. Geologic mapping at
BOPS has identified a similar opalite with a strike length of nearly 1.5 km with
a yet-to-be-determined overall thickness. The Goldbanks deposit occurs in a
north-south linear basin where coarse Tertiary clastic basin-fill material,
unexposed at the surface, is silicified, cut by quartz stockworking, and also
includes high-angle narrow high grades enhancing the grade in the silicified
units. The basin at BOPS also appears to be linear, with a similar north-south
orientation. The Tertiary volcanic and sedimentary units at BOPS are similar in
nature to comparable age volcanic and sedimentary units found at Goldbanks. Due
to the zoned nature of hot springs Au-Ag deposits, the upper levels are commonly
barren of precious metals, making the need for systematic evaluation
particularly important. Similar occurrences are found in a number of districts
in Nevada, including the Ivanhoe and Midas areas, as well as several examples
from the Walker Lane area. Regional aeromagnetic data from the general area of
the BOPS Project suggests the possible existence of a buried intrusive body
nearby, a good sign that may indicate that the heat engine needed to generate
hydrothermal fluid circulation and mobilization of metals, often provided by
these unexposed igneous features, may be present at BOPS.


Corporate:

The claims are held by Williams Creek Nevada LLC, a Nevada corporation and
wholly owned subsidiary of Williams Creek Gold Limited.


"The BOPS Project is at the earliest stages of exploration and will require
diligence and perseverance to determine the nature of the alteration zone and
the potential for an exploitable mineral deposit at depth," said Michael R.
Sonnenreich, Chairman and CEO of Williams Creek. "The project is at the
grass-roots end of a spectrum of properties that Williams Creek is currently
engaged with, and, when combined with our assets in British Columbia,
exemplifies our approach to the exploration component of WCX's three part
strategy of exploration, joint ventures and investment, and financing."


The technical information in this news release has been reviewed and approved by
consulting geologist John F. Childs, PhD., Childs Geoscience Inc. Consulting
Economic Geologists of Bozeman Montana, a qualified person as defined in
National Instrument 43-101.


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

About Williams Creek Gold Limited (WCX)

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited.

Williams Creek Gold Limited is a Canadian company with the primary purpose of
participating broadly in the natural resource sector, with an emphasis on the
gold subsector, through exploration, joint ventures or other equity investments,
royalty and finance agreements.


Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims known
as the Barkerville Project in the immediate vicinity of Barkerville, BC in the
Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a
long history of gold production dating back to the 1800s. Historically the
Barkerville Camp has reported gold production of 3.8 million ounces, including
2.6 million ounces from surface placer and 1.2 million ounces from lode mining.
When placer gold production peaked in the late 1890s, Williams Creek Gold's
Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District
Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among
the first acquired in the early search for lode gold.

Williams Creek Gold Limited also owns a block of four mineral claims 17km west
of Barkerville known as the Pine Properties. The Company has three Crown Granted
mineral claims in the Kamloops Mining Division, two of which are adjacent to New
Gold's New Afton project. Additionally, Williams Creek Gold Limited has a net
30% interest in the ATW diamond property in the MacKenzie Mining District of the
Northwest Territories. Williams Creek also holds the BOPS Project consisting of
32 unpatented lode mining claims in Pershing County, Nevada.


This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as
required by applicable law, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual results. All
phases of the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that the Company
will obtain all the requisite permits for future development. Mining is an
inherently risky business with large capital expenditures and cyclical metals
markets.


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