Willow Creek Enterprises, Inc. (WLOC) Agrees to Purchase Mineral Claims

By @ibtimes on

Willow Creek Enterprises, Inc. announced that the company has signed a letter of intent to purchase two mineral claims near an existing project in the western United States.

Willow Creek Enterprises said that the two claims total 40 acres and are located contiguous to the Hercules property in Lyon County, Nevada. The acquisition will increase the company’s interests here to 88 claims, comprising 1,760 acres.

Willow Creek Enterprises estimates that the inferred resources at the Hercules property total approximately 417,000 gold equivalent ounces. The company plans to reassess the resource level once the deal closes.

Willow Creek Enterprises Inc. has two other mineral projects under development in addition to the Hercules property, both of which are located in Nevada.

The Gilman property is located in Lander County, Nevada, and consists of 19 unpatented mining claims on 390 acres. Willow Creek Enterprises Inc. signed an agreement in February 2011 to lease the claims from Minquest Inc.

The Dolly Vander property is located in Lyon County, and consists of 52 mining claims on 980 acres. Willow Creek Enterprises Inc. believes that the property is prospective for gold and copper deposits.

For more information on the company, go to www.willowcreekenterprisesinc.com

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