Agoracom Blog Home

Archive for the ‘American Creek Resources Ltd.’ Category

American Creek $AMK.ca Reports on Treaty Creek Drilling up to 149.1m of 1.78 g/t Gold, Including 59.2m of 2.84 g/t #Gold $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 9:47 AM on Tuesday, January 16th, 2018

Hublogolarge2 copy

  • Hole CB-17-26, returned 149.1m grading 1.78 g/t gold (from 97.8 to 246.9m),
  • including a 59.2m interval of 2.84 g/t gold (from 97.8 to 157m depth)

American Creek Resources Ltd (TSX-V: AMK) (the “Corporation”) is pleased to report on an additional 17 holes from JV partner Tudor Gold’s (“Tudor”) 2017 drill program on the Copper Belle zone at the Treaty Creek Project located in the Golden Triangle of northwestern British Columbia.

The summary of results provided in the table below, include the most promising gold intersections reported to date. Hole CB-17-26, returned 149.1m grading 1.78 g/t gold (from 97.8 to 246.9m), including a 59.2m interval of 2.84 g/t gold (from 97.8 to 157m depth). So far, 15 of the 16 holes drilled in the Copper Belle zone contain prominent mineralization, which continues to expand the size of this potential deposit and increases the area of the resource estimate for this zone.

Walter Storm, President and CEO of Tudor Gold, stated: The outstanding interval of gold mineralization in Hole CB-17-26–149m of 1.78 g/t gold–contains the highest average gold grade yet recorded for porphyry style mineralization on the Treaty Creek property. It also ranks among the top tier, in terms of gold grades, of the hundreds of holes drilled during the past fifteen years into multiple porphyry targets on the adjoining KSM and Brucejack-Snowfield properties of Seabridge Gold and Pretium Resources, part of the same, large hydrothermal “Sulphurets” system. The fact that we have achieved these kinds of grades in only our second year after acquiring Treaty Creek speaks both to the potential of the property and also the expertise of our geological staff. This hole will serve to further guide our exploration at Copper Belle in 2018, as well as the more than 3km of ground yet to be explored between the Copper Belle and the Iron Cap Zone of Seabridge Gold to the south, an area defined by extensive magnetotelluric anomalies.”

Darren Blaney, President and CEO of American Creek stated: “Hole CB-17-26 is a game changer for the Treaty Creek Project. At this very preliminary stage of exploration, we have already located a significant zone of higher grade gold within the Copper Belle system. Further, the MT Survey suggests that this deposit is open in all directions, including towards Seabridge’s Iron Cap discovery located several kilometers to the south. What a terrific foundation for the upcoming 2018 drill program to expand upon.”

The Copper Belle 2017 resource delineation drill program comprised 27 holes to depths below 700m (an estimated 13,722m) and step-outs of 50m where topography permitted. Results from additional drill holes of the 2017 drill program at Copper Belle are still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations using a Reflex Multi-shot device.

Tudor’s 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the drill program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that the mineralized zone continues in all directions. Tudor’s 2017 drill program was located five kilometers north of the Iron Cap deposit and the Company intends to step out to the south in its 2018 program to see if it can determine a relationship between the two areas.

A drill map of the Copper Belle can be found here: https://orders.newsfilecorp.com/files/4494/32005_tudor1enhanced.jpg

The Qualified Person for the Treaty Creek results in this new release is James McCrea, P.Geo. for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Background on the Treaty Creek Project

The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine, both of which are located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.

Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the drill program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle.

Seabridge Gold’s proposed development plan for their KSM Project includes an access tunnel system through the Treaty Creek property as a key component. The Copper Belle and GR2 deposits located on the Treaty Creek property are both situated in the area in which Seabridge is proposing to construct tunnels connecting their KSM gold deposits with critical infrastructure such as the mill and tailings facilities.

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (American Creek and Teuton are not required to contribute to their proportionate costs until a production notice is given).

A summary of the Treaty Creek Project can be viewed here:

http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three gold/silver properties in the heart of the Golden Triangle; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor, as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180116005777/en/

American Creek Resources Ltd
Kelvin Burton, 403-752-4040
info@americancreek.com
www.americancreek.com

#Gold jumps to near 4-month high as US dollar slips sharply $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 1:35 PM on Wednesday, January 10th, 2018
  • Gold jumped to its highest in nearly four months on Wednesday
  • US dollar tumbled to a six-week low versus the Japanese yen and slid against the euro,
  • lifting assets priced in the US currency and offsetting a rise in global yields

LONDON (Jan 10): Gold jumped to its highest in nearly four months on Wednesday as the US dollar tumbled to a six-week low versus the Japanese yen and slid against the euro, lifting assets priced in the US currency and offsetting a rise in global yields.

The US dollar fell as much as 1.2% against the yen after the Bank of Japan’s move to trim its long-dated government bond purchases earlier this week, putting the US currency on track for its biggest two-day drop in nearly eight months.

The BoJ move also lifted bond yields across the world, generally a negative factor for gold as it increases the opportunity cost of holding non-interest bearing bullion. However, the impact of the US dollar’s fall outweighed that factor.

Spot gold was up 0.9% at US$1,324.40 an ounce at 1107 GMT, having earlier touched its highest since Sept. 15 at US$1,326.56. US gold futures for February delivery were up US$11.50 an ounce at US$1,325.20.

“The story in the markets right now is most certainly the yen story, and that is going to provide enough support (to gold) for the yield story to be ignored,” Saxo Bank’s head of commodity strategy Ole Hansen said. “Dollar/yen is down more than 1%.”

“We are seeing underlying demand for gold here as the year kicks off,” he added.

The US dollar’s slide against the yen also saw it move lower against the euro, with the single currency up 0.6% versus the US unit.

Major government bond yields hit multi-month highs on Wednesday as investors reevaluated the likelihood of continued easy-money policies by the world’s major central banks following the BoJ move. The 10-year US Treasury yield hit 2.57% for the first time since March.

Among other metals, palladium was down 0.1% at US$1,098.50 an ounce, after hitting a record high on Tuesday at US$1,111.40. Tightening emissions standards and a switch away from diesel cars to more palladium-heavy gasoline models has shored up demand expectations for the autocatalyst metal.

“Yesterday once again saw moderate outflows from palladium ETFs,” Commerzbank said in a note. “Since the start of the year, holdings have already been reduced by just shy of 13,000 ounces. The trend seen in recent years appears to be continuing.”

“That said, the exodus from palladium ETFs since the end of 2015 has done nothing to prevent the massive price rise,” it added.

Silver was up 1.2% at US$17.16 an ounce, while platinum was 0.1% higher at US$965.90 an ounce.

Source: http://www.theedgemarkets.com/article/gold-jumps-near-4month-high-us-dollar-slips-sharply

American Creek Resources $AMK.ca Reports 90.5m of 1.21 g/t #Gold at Treaty Creek, Including 70.5m of 1.47 g/t Gold $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 7:21 AM on Wednesday, January 10th, 2018

Hublogolarge2 copy

  • Mineralization grading 1.21 g/tonne gold from 24 to 114.5m depth,
  • Including a higher-grade intercept of 70.5m grading 1.47 g/t gold from 31.5 to 102m

Cardston, AB – American Creek Resources Ltd. (TSX.V: AMK) (the “Corporation”) is pleased to report on results from its 2017 drill program on the Copper Belle zone of the Company’s Treaty Creek property located in B.C.’s Golden Triangle adjacent to Seabridge’s KSM project and Pretivm’s Brucejack mine.

CB-17-12, a step-out hole drilled on the Copper Belle zone, intersected various mineralized zones where the most significant was 90.5m of continuous mineralization grading 1.21 g/tonne gold from 24 to 114.5m depth, including a higher-grade intercept of 70.5m grading 1.47 g/t gold from 31.5 to 102m. Hole CB-17-12 was a 564m hole that was collared adjacent to the west side of Treaty glacier where ice ablation (glacier melt-back) has exposed new opportunities for exploration access. Hole CB 17-12 is 110m south of CB-16-03 that graded 58m from 88 to 146m of 1.11 g/t Au; and 122m from 304 to 426m of 0.97 g/t Au. Hole CB 16-03 was drilled uphill at a higher elevation (see map link).

Drill results for hole CB-17-12 are summarized in the table below:

Darren Blaney, President and CEO, stated: “CB-17-12 shows a continuance of significant mineralization found in the numerous holes released so far.  The fact that holes on Copper Belle have excellent results, extend over a one-kilometer range, have continuity between, and are open to the north and south, makes this a very significant system.  This is emphasized by the fact that it, along with the high grade GR2/HC zone, are located within the same hydrothermal system as the world class KSM deposits and the Brucejack mine.  We look forward to the remaining assays and planned resource calculation(s) on the Treaty Creek project”.     

The Copper Belle 2017 resource delineation program comprised 27 drill holes to depths below 700m (an estimated 13,722m) and step-outs of 50m where topography permitted. Results from additional drill holes of the 2017 drill program at Copper Belle are still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations using a Reflex Multi-shot device.

The Magnetotelluric Geophysical Survey program (MT Survey) completed on the property in 2016 was effectively utilized as a guide for the drill program. The MT Survey suggests that the mineralization continues to the southwest toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that the mineralized zone is open along strike and at depth. Tudor Gold’s 2017 drill program was located just five kilometers north of the Iron Cap deposit and the Company intends to step out to the south in its 2018 program to see if it confirms a relationship between the two areas.

Location map of the drill holes on the Copper Belle

https://orders.newsfilecorp.com/files/4494/31840_a1515513337318_39.jpg

Drill hole samples were assayed by Activation Laboratories Ltd. in Kamloops, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. Activation Laboratories quality system complies with the requirements for the International Standards ISO 17025: 2005.

The Qualified Person for the Treaty Creek results in this new release is James A. McCrea, P.Geo. for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Background on the Treaty Creek Project

The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine, both of which are situated in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.

In 2017 Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property. The objective of the drill program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high-grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle.

Seabridge Gold’s proposed development plan for their KSM Project includes an access tunnel system through the Treaty Creek property as a key component.  The approximate trajectory of the tunnels can be found on the drill map link above.

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (American Creek and Teuton are not required to contribute to their proportionate costs until a production notice is given).

A summary of the Treaty Creek Project can be viewed here:

http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three gold/silver properties in the heart of the Golden Triangle; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor, as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FEATURE: American Creek $AMK.ca encounters high grade #Gold #Silver at Treaty Creek north of, and in the same system as #Seabridge $SEA.ca $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 4:16 PM on Tuesday, January 9th, 2018

AMK: TSX-V, OTCBB: ACKRF

RECENT HIGHLIGHTS

  • Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
  • Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
  • Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More
  • Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters
  • Included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold
  • Also included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters of 0.965 g/t gold

View Presentation

#Gold Has Best Year Since 2010 With Near 14% Gain In 2017 #Mining $AMK.ca $EXS.ca $MQR.ca $GGX.ca $GR.ca $GZD.ca

Posted by AGORACOM-JC at 2:00 PM on Wednesday, January 3rd, 2018
  • Gold posted second straight annual gain in USD in 2017
  • Gold in 2017: up 13.6% USD, up 2.7% GBP, down 1.4% EUR
  • 2017 is gold’s best year since 29.5% gain in 2010
  • Strong performance despite rate hikes and stock bubble
  • India’s gold imports surged 67% in 2017, Turkish, Chinese demand strong
  • Gold finished 2017 with longest rally since June 2016
  • 2018: Currency War and The Year of the Phoenix?

Gold waved a very positive goodbye to 2017 and was delighted to shout ‘Happy New Year!’ to all investors. In doing so, gold bullion prices advanced for an eighth session yesterday, extending its longest stretch of gains since mid-2011.

This was the perfect start to a new year which followed an annual surge of nearly 14%. 2017 is the second year of gains for gold. In 2016 it posted 14% gains, its best gains since the 29.5% gain in 2010.

Gold bullion’s stellar advance is even more impressive when one considers the extremely mixed year that was 2017. It ranged from Federal Reserve rate hikes to rapidly advancing stock markets. The year’s events were like a tug-of-war on the drivers of the gold price.

Gold: bad or good?

2017 on paper perhaps should not have seen a 14% gain in the gold price.

There was an acceleration in global economic growth as countries began to keep pace with one another. Much to Trump’s delight official figures showed the U.S. economy performed well. Not only did the the unemployment rate touch a record low, but inflation also remained subdued.

Meanwhile the Fed hiked interest rates three times, something many believed would be the kryptonite to gold’s superhuman strength.

Investments that are often seen to as alternatives to gold performed exceedingly well. The U.S. stock market continued its record-breaking rally, while bitcoin and other cryptocurrencies experienced what can only be described as a bubblicious and parabolic rise in the last few weeks of 2017.

And, right at the last minute the Republicans managed to pass a very dodgy looking tax bill, prompting Trump to peacock around even more.

Following Trump’s election there had been high hopes for the price of gold. After all, here was a man who had been elected without political experience and on the back of creating social and economic divisions. However, following Trump’s inauguration there was a post-election sell-off at the start of the year. Many were clearly feeling positive about Trump’s impact on both the domestic and international stage.

As various unexpected scenarios played out, from failure to get much done in the White House to sober-rattling with North Korea, the precious metal began to climb. Towards the end of summer, in early-September the gold price hit a year-high of $1346/oz. It then quickly sold off.

Whilst the yellow metal finished the year with a respectable run of gains, the final figures did not match those of say, the S&P 500 which climbed by over 19% in the same year.

Does this mean that relatively speaking the gold price is something we shouldn’t be delighted with? Not at all. The year of 2017 was one of arguably bearish events for the price of gold yet it still made near 14% gains, better than money in a savings account.

This second year of climbing by gold should serve as a timely reminder that the precious metal is not something that will be poked and prodded thanks to short-term, unsustainable economic and political events. Gold investment is for the long-term and there is little benefit thinking that one event will affect the reasons to hold gold.

All of the ‘positives’ of 2017 such as low inflation, Fed hikes and tax bills being passed arguably came about because of farcical economic readings and political manoeuvring. None of the statistics or decisions made as a result are sustainable, particularly against a background of increasing geopolitical risk. The gold price reflected this, particularly in its reactions to what should have been bearish Fed-rate hikes.

It is safe to say that in 2018 gold will be sent significantly higher thanks to ongoing US dollar weakness, higher debt and deficits,  stronger growth combined with potential wage inflation, coming together in a perfect storm with geopolitical risks.

One of the key reasons for gold’s 14% climb in USD terms is thanks to the weakness in the US Dollar itself. There was a strong correlation between the gold price and the greenback in 2017. It’s also worth mentioning that the level of yield of the inflation-protected 10-year Treasuries at the end of the year was similar to the level at the beginning of the year (about 0.5 percent). People do not want the global reserve currency anymore.

2018: The year of the Phoenix?

Nearly 30 years ago The Economist predicted that 2018 would be the year of a new currency uprising. You have to give the magazine some kudos for this prediction. Given what we saw in 2017 with both the rise in bitcoin, cryptocurrencies generally and, of course, efforts by Russia and China to build financial allegiances away from the US dollar, a new world currency in 2018 is more likely than not.

That’s right, whilst the financial media can talk as much as they like about how great 2017 turned out to be, there were plenty of events behind the mainstream wall that were clearly preparing for a financial world where decisions of the last decade come back to bite us.

Moves by Russia and China to step away from US dollar hegemony continued and rapidly progressed in 2017. This forthcoming year does not suggest any sign of let up. Much of the moves away from the US dollar involve the use of gold as the intermediary currency. Exchanges and trade agreements are in full swing.

We also cannot mention 2017 without bitcoin. This was the year that the lead cryptocurrency truly arrived and established itself in the minds of the establishment.

As we have explained several times, bitcoin is not a substitute for gold. It has attracted a lot of hot money in the last year, but long-term this is not to the detriment of gold.

The upward trajectory of bitcoin places it firmly in bubble territory. This is good for gold, as Walter Otstott, a senior broker at Dallas Commodity Co. explained to Bloomberg. ‘If 2017’s hottest asset comes crashing back to Earth, speculative money may be drawn back into gold…He sees gold peaking at $1,600 an ounce next year, compared with the price on Friday of about $1,297.’

Our own experts also see great things for gold this year, particularly thanks to geopolitical threats by those truly looking to end US-power : North Korea.

GoldCore’s Mark O’Byrne told Bloomberg:

‘Gold could end the year at $1,500 if geopolitics heats up in North Korea or the Middle East.’ This is despite gold’s lack of reaction at the various threats from both Trump and Kim Jong-Un. However, gold loves uncertainty and this is certainty a situation which is dripping in volatile uncertainty.

2018: Will it hold its own against the last two years?

2017 showed us that there is still a show to be played out by governments and central banks. There is still a farce to be seen when it comes to reassuring us about the state of the global economy.

Gold’s price rise and the dollar’s weakness shows that there are question marks over this recovery. Gold may be indicating  the reality that very little has changed since the financial crisis. Any ‘fixes’ have been done with a bit of sellotape and little else. We build over the cracks rather than repair them.

Gold investors were rewarded this year for their patience. This is particularly the case given there is seemingly little difference to where we find ourselves today compared to the last two years. Arguably the world is much more uncertain.

2018 is a year not to take chances and to own physical, allocated an segregated gold. The risks in the system are bigger than ever and investors would be wise to take all measures to protect their wealth.

News and Commentary

Gold hits 3-1/2-month highs before dipping on dollar recovery (Reuters.com)

Asian Stocks Extend Advance After U.S. Tech Surge (Bloomberg.com)

Global Manufacturers Strain to Keep Up With Faster Economy (Bloomberg.com)

Gold hits three-month peak after late December rally (Reuters.com)

Silver will fare better than gold in 2018: Goldman Sachs (Rediff.com)

By itself gold could solve Sudan’s economic problems, mining minister says (DabangaSudan.org)

The criminal underwold is dropping bitcoin for another cryptocurrency (Bloomberg.com)

India gold imports surge 67 percent in 2017 on restocking, retail demand – GFMS (Reuters.com)

Turkey’s gold-backed bonds: Government in quest for hidden treasures (Nikkei.com)

Nomi Prins: The Next Financial Crisis Will Be Worse Than the Last One (ZeroHedge.com)

Gold Prices (LBMA AM)

03 Jan: USD 1,314.60, GBP 968.20 & EUR 1,092.96 per ounce
02 Jan: USD 1,312.80, GBP 968.85 & EUR 1,087.52 per ounce
29 Dec: USD 1,296.50, GBP 960.84 & EUR 1,082.45 per ounce
28 Dec: USD 1,291.60, GBP 960.43 & EUR 1,082.75 per ounce
27 Dec: USD 1,285.40, GBP 958.78 & EUR 1,081.54 per ounce
22 Dec: USD 1,268.05, GBP 947.74 & EUR 1,069.85 per ounce
21 Dec: USD 1,265.85, GBP 945.97 & EUR 1,065.09 per ounce

Silver Prices (LBMA)

03 Jan: USD 17.12, GBP 12.63 & EUR 14.25 per ounce
02 Jan: USD 17.06, GBP 12.59 & EUR 14.15 per ounce
29 Dec: USD 16.87, GBP 12.48 & EUR 14.07 per ounce
28 Dec: USD 16.74, GBP 12.46 & EUR 14.02 per ounce
27 Dec: USD 16.50, GBP 12.30 & EUR 13.87 per ounce
22 Dec: USD 16.18, GBP 12.08 & EUR 13.65 per ounce
21 Dec: USD 16.15, GBP 12.08 & EUR 13.61 per ounce

Source: http://news.goldseek.com/GoldSeek/1514986020.php

American Creek $AMK.ca Reports High-Grade #Gold and #Silver on GR2/HC Zone – up to 4.89 G/T Gold for 9.7 M and 1,118 G/T Silver for 2.85 M – at Treaty Creek Project $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 9:58 AM on Monday, December 11th, 2017

Hublogolarge2 copy

  • Reports High-Grade Gold and Silver on GR2/HC Zone
  • Up to 4.89 G/T Gold for 9.7 M and 1,118 G/T Silver for 2.85 M
  • Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine

American Creek Resources Ltd. (TSX.V: AMK) (the “Corporation”) is pleased to report on Tudor Gold’s (“Tudor”) final results for the 2017 exploration season from the GR2/HC Zone of the Treaty Creek Project. The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine, both of which are situated in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.

The HC extension of the GR2 Zone was discovered during the 2017 exploration program and carries high-grade gold, silver and base metal mineralization. The HC drill program augmented the previous drill holes in the zone and consisted of 17 drill holes totaling 5,401 meters in 2017. The program was designed with a maximum of 50 metre step-outs in the mineralized zone to prepare for a preliminary resource estimate.

The GR2/HC zone appears to be a gold-rich VHMS deposit in which the feeder vein system and the stratabound lenses have been intersected. A later Ag-(Pb-Zn-Sb-Cu) vein system was also found reactivating some of the previous structures in the same area where the HC extension is located. These veins are late in the formation and are hosted in the volcaniclastic sequence or in the younger Jurassic Hazelton sequence, crosscutting (and reactivating) previous HC related feeder vein system and HC stratabound lenses. The RR Ag-base metal vein holes are collared 800m north of the HC zone, following the same structure.

Thirty-six drill holes have been drilled to date in the GR2/HC, covering an area approximately 400m along strike and 450m down dip at 50m space increments that show consistent geology and which demonstrate the distribution and continuity of the feeder vein system, the strata-bound zone, and the late silver-base metal vein system. Historical surface sampling carried out by previous operators to both the north and south of the GR2/HC zone indicates that the main mineralized structure potentially extends 3,000m along strike. The mineralized structure remains open to the north and south beyond the existing drill holes, and down dip.

Significant drill results are summarized in the tables below (all distance measurements reported in meters).

*True thickness of all above mineralized intervals still to be determined.
**AuEq calculated assuming Au USD$1,275/oz and Ag USD$16/oz.
Note that only precious metals were reported on.

Darren Blaney, CEO of American Creek stated: “The discovery of the new HC extension is a very welcome bonus to this year’s Treaty Creek drill program. The GR2/HC system appears to have potential to be very extensive, which would add significant value to the adjoining Copper Belle bulk tonnage gold zone, which was the main focus of this year’s drill program. A large polymetallic zone with high grade gold and silver would be a most welcome addition to the project.”

2017 drill results from the Copper Belle gold zone at Treaty Creek are still pending and will be reported on once received.

Background on the Treaty Creek Project

Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this summer with the objective of defining a gold resource on the Copper Belle zone.

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

A summary of the Treaty Creek Project can be viewed here:

http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

Electrum Project Road Completion

The Corporation also reports that Tudor Gold recently completed construction of an access road extension on the Electrum Project connecting the existing Granduc Haul Road to the New Blast/Shiny Cliff high grade gold and silver zones which are the focus of a planned 10,000 ton bulk sample.

In Tudor’s recent news release, Walter Storm, President and CEO stated, “We are very pleased to have completed this access road, which will now allow us to proceed with a 10,000 ton bulk sample of this high grade gold/silver mineralized zone, subject to receipt of permits. A bulk sample in combination with past drill results will further our geological understanding and unlock value of this high grade mineralized system.”

Background on the Electrum Property

The Electrum property is a 60:40 joint venture between Tudor Gold (as operator) and American Creek. It is located between the past producing Silbak-Premier gold mine and British Columbia’s newest gold mine, Pretium’s Valley of the Kings – recently commissioned at a cost of $1 Billion dollars and hosting proven and probable reserves of 8.1 million ounces of gold (see www.pretivm.com). Within this rich portion of BC’s Golden Triangle are several other past producing mines as well as numerous new projects undergoing exploration.

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three Golden Triangle gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171211005362/en/

American Creek Resources Ltd.
Kelvin Burton, 403-752-4040
info@americancreek.com

FEATURE: American Creek $AMK.ca encounters high grade Au/Ag at Treaty Creek north of, and in the same system as #Seabridge Gold $SA $SEA.ca KSM project

Posted by AGORACOM-JC at 2:27 PM on Monday, December 4th, 2017

AMK: TSX-V, OTCBB: ACKRF

RECENT HIGHLIGHTS

  • Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
  • Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
  • Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More
  • Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters
  • Included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold
  • Also included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters of 0.965 g/t gold
  • Reports That JV Drill Program is Well on Its Way to Defining a Gold Resource

View Presentation

FEATURE: American Creek $AMK.ca JV Drill Program is Well on Its Way to Defining a #Gold Resource $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 2:51 PM on Monday, November 27th, 2017

AMK: TSX-V, OTCBB: ACKRF

RECENT HIGHLIGHTS

  • Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
  • Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
  • Completed the previously announced Magnetotelluric survey and has commenced drilling Read More
  • Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters
  • Included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold
  • Also included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters of 0.965 g/t gold
  • Reports that drill program is well on its way to defining a Gold Resource

View Presentation

‘New normal’ of geopolitical risk likely to boost #gold prices in coming years, Citi $C forecasts $AMK.ca $EXS.ca $GGX.ca $GR.ca $MQR.ca

Posted by AGORACOM-JC at 12:09 PM on Monday, November 20th, 2017
  • The geopolitical case for gold investment has been emboldened in recent months and it seems as strong today than at any point over the last four decades, Citi analysts said
  • Investors tend to move into safe-haven assets such as gold, the Swiss franc and the Japanese yen in times of geopolitical turmoil
  • Elections and political votes, military attacks and macroeconomic crises were recognized by Citi as some of the key geopolitical events likely to influence investment into gold

Jeffrey Coolidge | Getty Images

Gold prices are likely to be buoyed by the “new normal” of elevated geopolitical tensions over the coming years, Citi analysts said Monday.

The geopolitical case for gold investment has been emboldened in recent months and it seems as strong today than at any point over the last four decades, Citi analysts said. As a result, gold prices were forecast to “push north of $1,400 per ounce for sustained periods” through to 2020.

Elections and political votes, military attacks and macroeconomic crises were recognized by Citi as some of the key geopolitical events likely to influence investment into gold. And while analysts said there was not a consistent pattern for gold price performance amid such times of global uncertainty, prices were seen to have rallied more frequently during these periods.

Investors tend to move into safe-haven assets such as gold, the Swiss franc and the Japanese yen in times of geopolitical turmoil as traditional assets such as stocks and bonds are often perceived as a more volatile investment.

‘Huge downside risk’

“Event-driven bids for gold seem to be occurring more frequently and may be the new normal… In short, even as the rates and forex channel dominate the outlook for gold pricing, the yellow metal is increasingly being used by investors as a policy and tail risk hedge,” Citi said.

Citi projected gold prices are on track to notch levels of $1,270 per ounce by the end of 2018, before climbing to around $1,350 per ounce and $1,370 per ounce over the next two calendar years.

“Philosophically everyone wants gold, it should always be safe but there is huge downside risk,” Nandini Ramakrishnan, global markets strategist at JPMorgan, told CNBC Monday.

Ramakrishnan said gold prices had witnessed “massive moves akin to the equity market,” before adding that investors should treat the commodity with caution.

Gold is highly sensitive to U.S. interest rate hikes, as such moves increase the opportunity cost of holding non-yielding bullion, while supporting the dollar — in which the commodity is priced.

Spot gold edged 0.2 percent lower to $1,290 per ounce on Monday morning. The yellow metal is up 12 percent since the start of the year.

Sam MeredithDigital Reporter, CNBC.com
Source: https://www.cnbc.com/2017/11/20/new-normal-of-geopolitical-risk-likely-to-boost-gold-prices-in-coming-years-citi-forecasts.html

Successful Program on Seabridge’s $SA $SEA.ca Iron Cap Has Significant Implications For Both The KSM and Treaty Creek $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 10:56 AM on Thursday, November 16th, 2017

Hublogolarge2 copy

  • Seabridge Gold just concluded a very successful program on their Iron Cap zone (bordering Treaty Creek) which confirms the report to be correct
  • Report predicted that the Iron Cap could be one of “B.C.’s next big deposits” and the recently concluded 2017 exploration program confirms that it is

November 16, 2017 

TSX-V:AMK

Cardston, Alberta

In 2014 a significant geological report (Kyba / Nelson) was published with a new geological understanding concerning the “mega deposits” found in B.C.’s Golden Triangle.  Seabridge Gold just concluded a very successful program on their Iron Cap zone (bordering Treaty Creek) which confirms the report to be correct.  The report predicted that the Iron Cap could be one of “B.C.’s next big deposits” and the recently concluded 2017 exploration program confirms that it is.  The report also predicted that Treaty Creek could be one of “B.C.’s next big deposits” and the 2017 exploration program initial results are confirming that is the case.  Co-author Jeff Kyba has left his position as Regional Geologist for the B.C. Ministry of Energy and Mines (Skeena division) and is now assisting in advancing Treaty Creek.

See how the successful Iron Cap program has significant implications for both the KSM and the Treaty Creek projects.

CLICK HERE

 

A summary of the Treaty Creek project can be viewed here: http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three “Golden Triangle” gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine group of properties. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com