WCX

Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek," "WCX," or the
"Company") is pleased to announce the May 25 2012 TSX approval of its Big Sky
Joint Venture with Tyhee Gold Corp. to earn a 50% interest in the Big Sky
Property (see News Release WCX12-04, March 30 2012). Big Sky is located 17km
north of Yellowknife, Northwest Territories, and consists of three mining leases
covering 597 hectares and 17 claims totaling 2,406 hectares.


Williams Creek will start the program with a remote sensing satellite data
analysis compiled by Auracle Geospatial Science Inc. to provide georeferencing
and digital surface terrain modeling, a structural model, and mineral,
alteration and lithologic spectra models and mapping. Ground geology is expected
to commence in June, focusing on the known shear zones at Oro Lake that transect
the northern portion of the Kam Group Volcanics. The adjacent Con and Giant
mines extracted more than 13 million ounces of gold from chlorite carbonate
schists (shear zones) that transect Archean and Kam Group volcanic rocks. 


"We believe the Big Sky Property has great potential," stated Williams Creek
Chairman and CEO Michael R. Sonnenreich, "and we are very pleased to be working
closely with Tyhee Gold on the project and to be able to benefit from their past
experience on the property."


The 2012 Phase I Big Sky program will consist of the remote sensing satellite
survey, prospecting, geological mapping and sampling to further define the
extent of the known Oro Lake shear zones and define drill-ready targets for the
Phase II program. 


Tyhee Gold Corp. Interim President Brian Briggs said the "Joint Venture with
Williams Creek comes at an opportune time for us as it will advance the
exploration of the Big Sky Property while Tyhee is focused on finalizing a
feasibility study based on the Ormsby, Clan and Nicolas Lake deposits."


Williams Creek is pleased to have engaged Michael B. Regular, B.Sc., P.Geo., to
run the Phase I exploration project. Mr. Regular has worked for Tyhee Gold Corp.
since 2006 on exploration and drilling programs in the Yellowknife region,
including the Oro Lake Shear Zone, and has excellent familiarity with the
geology of the region. Mr. Regular will be working closely with Tyhee's Chief
Geologist Val Pratico to ensure Williams Creek benefits from Tyhee's previous
experience on the Big Sky project. Mr. Regular is a graduate of Memorial
University of Newfoundland, St. John's and is a qualified person as defined by
National Instrument 43-101.


About Williams Creek Gold Limited (WCX)

Visit 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 28 Crown Granted mineral claims 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 Gold is earning a 50% interest in the Big Sky Property north of
Yellowknife, NWT. Its joint venture partner is Tyhee Gold Corp.


On Behalf of the Board of Directors

Michael R. Sonnenreich, Chairman and CEO

Williams Creek Gold Limited

The TSX Venture Exchange has not reviewed nor accepted responsibility for the
adequacy or accuracy of this news release which has been prepared by management.
This news release may contain forward-looking statements including management's
assessments of future plans and operations, and expectations of future
production. These statements are based on current expectations that involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not limited to,
the risks associated with the mining and exploration industry (e.g. operational
risks in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of capital). The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.

Grafico Azioni Williams Creek Gold Limited (TSXV:WCX)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Williams Creek Gold Limited (TSXV:WCX)
Storico
Da Giu 2023 a Giu 2024