Press release from Marketwire
Williams Creek Gold Announces New Board Member
Wednesday, November 20, 2013
Williams Creek Gold Announces New Board Member08:15 EST Wednesday, November 20, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 20, 2013) - Williams Creek Gold Limited ("Williams Creek," or the "Company") (TSX VENTURE:WCX) is pleased to announce the appointment of Elaine Ellingham to the Company's Board of Directors. The Board also reviewed and approved Ms. Ellingham's appointment as an additional member of the Company's Audit Committee. The Company granted 400,000 options to Ms. Ellingham, exercisable at $0.10 per common share for a five-year term.
"Ms. Ellingham brings a wealth of industry experience and we are excited to have Ms. Ellingham join our Board. Her broad range of experiences and expertise on both the geological and financial fronts fits well within Williams Creek's strategic initiatives. We are confident Ms. Ellingham's extensive mining industry experience will greatly enhance the Company's ability to expand its property portfolio and grow shareholder value," said James Wyant, Chairman and CEO of Williams Creek.
Elaine Ellingham is a professional geoscientist with over 25 years of experience in the mining industry, holding senior positions in several mining companies. Ms. Ellingham serves as President of Ellingham Consulting, an independent consulting firm providing geological and financial services. She spent eight years with the Toronto Stock Exchange serving in various capacities, including four years as the TSX National Leader of Mining & International Business Development. Ms. Ellingham served as Senior Vice President, Investor Relations at IAMGOLD and has additional corporate development experience with Campbell Resources and Rio Algom Limited. She is also an active director on the Boards of Richmont Mines and Aurania Resources.
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. Williams Creek Gold Limited also owns the Ahbau Creek, Chubby Bear and Ahbau Lake claim groups in Central British Columbia.
Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee Gold Corp. in the Big Sky Property north of Yellowknife, NWT.
Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW diamond property in the MacKenzie Mining District of the Northwest Territories.
On behalf of the Board of Directors,
James Wyant, Chairman and CEO
Williams Creek Gold Limited
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including management's assessments of future plans and operations, and the anticipated timing of meeting the terms of its joint venture agreement obligations. 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), 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Williams Creek Gold Limited
Chairman and CEO