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American Creek Reports Composites on Treaty Creek Drill Holes Including GS19-48 (838.5m @ 0.728 g/t Gold) and GS19-49 (1081.5m @ 0.589 g/t Gold… $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM-Eric at 9:46 AM on Monday, September 30th, 2019

Cardston, Alberta–(Newsfile Corp. – September 30, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to announce composite results from JV partner Tudor Gold’s ongoing drill program being conducted at the Treaty Creek Project located in the Golden Triangle of NW British Columbia. As announced on September 23, 2019 we now have results from two deep vertical diamond drill holes (drilled to a depth of over 1,000m) and four definition drill holes. All six holes intercepted significant gold mineralization over wide intervals at the Goldstorm Zone.

Goldstorm Extension

Hole GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July 30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically to a total depth of 1,199m, ending in mineralization. The hole contains strong stockwork with gold-bearing mineralization accompanied by significant base-metal disseminated sulphide mineralization averaging 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m. The hole was stopped in mineralization due to the drill rig reaching its depth limitation, however, casing was left in the hole for possible continuation next year.

This 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast. With this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m this year from the best hole drilled in 2018 (CB18-39, averaging 0.981 g/t Au over 563.8m) and has now been traced along strike for over 800 meters.

Goldstorm Definition Drilling

A second deep vertical hole, GS19-48, was drilled to a total depth of 1035m from the same pad as CB18-39 (drilled in 2018). The results exhibit excellent continuity of mineralization between holes and this drill hole returned 0.725 g/t Au over 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.

Four footwall definition holes (GS19-43 to GS19-46) drilled on section 109+00 NE, were successful in extending the width of the mineralized zone, to the southeast into the footwall of the controlling fault structure.

  • Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
  • Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
  • Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
  • Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.

Tudor Gold Exploration Manager, Ken Konkin explains: “Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system. Hole GS19-47 showed a very strong quartz stockwork system and was still in gold values at the end of the 1,199 meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters. This is the first time we’ve seen this strength of gold mineralization at depth. Furthermore, a strong copper association was encountered with gold values at depth in both GS19-47 and GS19-48.

A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.

Not only does the Goldstorm Zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the metal system.”

The following table provides gold composites from all nine 2019 drill holes completed on five sections that cut the Goldstorm Zone

Table 1: Gold Composite Intervals for Drill Holes GS19-40 to GS19-48

The following table contains diamond drill hole location data for the drill holes completed in 2019. See the accompanying plan map that shows drill hole locations and section lines.

Table 2: Diamond Drill Hole Co-ordinates

* Co-ordinates are subject to completion of final survey readings
* Orientations are reported for the azimuth and dip of holes at their collars

Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE

Section 114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47 hosts what is now the longest and deepest gold intercept on the project to date.

Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.

Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.

Goldstorm Zone Plan Map

The Goldstorm Zone now extends more than 800 meters in strike length and remains open along strike to the Northeast and Southwest as well as to depth.

Goldstorm zone drill sections and the plan map are included at the bottom of the news release.

The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.

Walter Storm, Tudor Gold President and CEO, stated: “I am very pleased to see that all nine holes drilled have reported very good results and we have not missed on any step-out targets nor any footwall extension holes, they were all hits. These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system. I am looking forward to continuing our exploration efforts in order to unlock the full potential of this large gold system.”

Darren Blaney, American Creek CEO, stated: “The Goldstorm deposit continues to produced world-class intercepts that are both deep and yet very strong close to surface. Hole GS-19-48 carries 0.725 g/t Au over 838.5m including a near surface interval of 1.048 g/t over 328.5m. It’s just one of many holes that extend to depth ending in mineralization.

In referring to the step out hole GS-19-47 (0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m), Eric Sprott stated “That’s a huge, huge, huge intersection! I’ve always thought this thing has an easy shot of coming up with 20 million ounces of low-grade gold and there’s nothing in these results that will deter me from thinking that, and they’re well positioned in terms of logistics”. What we’re really excited about is the richer intersections for hundreds of meters close to surface throughout the entire Goldstorm system. While this system is proving to be very deep, the reality is it’s also becoming a rich gold system close to surface that lends itself towards the possibility of being open pit mined”.

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, 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. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are two drills working on the Goldstorm zone at present.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

A drill program is also ongoing on American Creek’s 100% owned Dunwell Mine property located near Stewart. More information can be found here: https://americancreek.com/index.php/projects/dunwell-mine

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

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



Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes

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Figure 2: Goldstorm Zone Section 114

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Figure 3: Goldstorm Zone Section 111 

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Figure 4: Goldstorm Zone Section 109 

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Figure 5: Goldstorm Zone Plan View

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American Creek $AMK.ca Reports That 150m Step-out Intercepted the Largest Gold Interval Drilled to Date at Treaty Creek Project – 1081.5m Averaging 0.589 g/t $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM-Eric at 8:37 AM on Monday, September 23rd, 2019
  • 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m
  • The hole was stopped in mineralization due to the drill rig reaching its depth limitation
  • 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast.

Cardston, Alberta–(Newsfile Corp. – September 23, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to announce results from JV partner Tudor Gold’s ongoing drill program being conducted at the Treaty Creek Project located in the Golden Triangle of NW British Columbia. Tudor today announced results from two deep vertical diamond drill holes (drilled to a depth of over 1,000m) and four definition drill holes. All six holes intercepted significant gold mineralization over wide intervals at the Goldstorm Zone.

Goldstorm Extension

Hole GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July 30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically to a total depth of 1,199m, ending in mineralization. The hole contains strong stockwork with gold-bearing mineralization accompanied by significant base-metal disseminated sulphide mineralization averaging 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m. The hole was stopped in mineralization due to the drill rig reaching its depth limitation, however, casing was left in the hole for possible continuation next year.

This 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast. With this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m this year from the best hole drilled in 2018 (CB18-39, averaging 0.981 g/t Au over 563.8m) and has now been traced along strike for over 800 meters.

Goldstorm Definition Drilling

Asecond deep vertical hole, GS19-48, was drilled to a total depth of 1035m from the same pad as CB18-39 (drilled in 2018). The results exhibit excellent continuity of mineralization between holes and this drill hole returned 0.725 g/t Au over 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.

Four footwall definition holes (GS19-43 to GS19-46) drilled on section 109+00 NE, were successful in extending the width of the mineralized zone, to the southeast into the footwall of the controlling fault structure.

  • Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
  • Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
  • Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
  • Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.

Tudor Gold Exploration Manager, Ken Konkin explains: “Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system. Hole GS19-47 showed a very strong quartz stockwork system and was still in gold values at the end of the 1,199 meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters. This is the first time we’ve seen this strength of gold mineralization at depth. Furthermore, a strong copper association was encountered with gold values at depth in both GS19-47 and GS19-48.

A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.

Not only does the Goldstorm Zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the metal system.”

The following table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm Zone.

Table I: Gold Composites for GS19-48 to GS19-43

SECTIONHOLE IDFROM (M)TO (M)Interval (M)GOLD (g/t)
114+00NEGS19-47117.511991081.50.589
including200501.5301.50.828
and98611932070.93
111+00 NEGS19-4897.5936838.50.725
including97.5426328.51.048
109+00 NEGS19-4368561.5493.50.566
including141.5561.54200.605
including141.519755.51.005
GS19-441013682670.807
including1252751501.065
GS19-4544369.5325.50.719
including622782160.901
including1052781731.000
GS19-4634.5628.55940.51
including175.5337.51620.734
including564600361.328

* All assay values are uncut and intervals reflect drilled intercept lengths.

* True widths of the mineralization have not been determined

Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE

Section 114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47 hosts what is now the longest and deepest gold intercept on the project to date.

Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.

Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.

Goldstorm Zone Plan Map

The Goldstorm Zone now extends more than 800 meters in strike length and remains open along strike to the Northeast and Southwest as well as to depth.

Goldstorm zone drill sections and the plan map are included at the bottom of the news release.

The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.

Walter Storm, Tudor Gold President and CEO, stated: “I am very pleased to see that all nine holes drilled have reported very good results and we have not missed on any step-out targets nor any footwall extension holes, they were all hits. These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system. I am looking forward to continuing our exploration efforts in order to unlock the full potential of this large gold system.”

Darren Blaney, American Creek CEO, stated: “The anticipation of waiting for this 150 meter step-out hole has now been rewarded with the largest gold interval drilled to date at the project. Further, all five other holes have also hit significant gold over wide intervals. Seeing the strong copper zones now showing up in drill holes has added yet further potential to the possible extent of the deposit. Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth. The drilling continues to show strong correlation with the geophysics which indicates that the gold mineralization potentially continues for considerable depth below the bottom of the deepest drill holes.

I can’t state strongly enough how pleased I am with what Walter, Ken and the Tudor team have accomplished with the Treaty Creek exploration program!”

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, 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. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are two drills working on the Goldstorm zone at present.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

A drill program is also ongoing on American Creek’s 100% owned Dunwell Mine property located near Stewart. More information can be found here: https://americancreek.com/index.php/projects/dunwell-mine

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

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

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor9.jpg



Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes

To view an enhanced version of Figure 1, please visit:
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Figure 2: Goldstorm Zone Section 114

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Figure 3: Goldstorm Zone Section 111

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Figure 4: Goldstorm Zone Section 109

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Figure 5: Goldstorm Zone Plan View

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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.

American Creek’s $AMK.ca Goldstorm Deposit A Strong Alternative to Seabridge’s KSM $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM-Eric at 9:25 AM on Wednesday, September 11th, 2019

The drilling success at American Creek’s Treaty Creek property in BC’s Golden Triangle is showing the potential to give shareholders the type of return experienced by investors in the neighbouring Seabridge KSM a decade ago.  Treaty Creek’s Goldstorm deposit is producing world class results including 563m of 0.98 g/t gold and the most recent hole; a 780 meter intercept of 0.683 g/t gold including a high grade upper portion of 1.095 g/t over 370.5 meters.  There are some distinct advantages that the Goldstorm has over the KSM which puts American Creek in a uniquely undervalued position within the area.

3 Critical Factors Highlight Treaty Creek Advantage Over KSM:

  1. Treaty Creek Similarities to KSM:
  • Part of the same Sulphurets Hydrothermal System that contains a mind boggling 188M oz gold, 1.2B oz silver and 55B lbs of copper (all categories) to date (P&P reserves of 47M oz Au, 214M oz Ag, and 10B lbs Cu)
  • Same trend – deposits occur about every 2-3 km going north with gold grades increasing as the system extends northward – The Goldstorm zone on Treaty Creek is the most northerly deposit
  • Same Sulphurets thrust fault which Seabridge states was responsible for the KSM deposits – same type of mineral formation beneath the fault
  • Same types of world-scale deposits (Porphyry and intrusion related) on both properties
Large deposits are found near the red “discovery line” and the Sulphurets fault

 2. Treaty Creek Advantages over KSM:

  • Better logistics – Treaty Creek is located on “the right side of the mountain”  with direct access to power and highway leading to the shipping port
  • Potentially better grades with initial estimates of 1.25 g/t Au at the Goldstorm / Copper Belle Deposit
  • Potential open pit design requiring a fraction of the capital cost of KSM with a shorter pay back period
  • Unlike the KSM which consists of copper deposits with low-grade gold, Goldstorm is a gold deposit and does not rely on the value other metals
  • At the discovery stage of the mining life-cycle where biggest gains are typically made. AMK offers considerable more shareholder upside with each ounce added compared to KSM.

3. KSM dependence on Treaty Creek:

  • KSM is dependent on twin 22.8km tunnels (MTT), of which 12.2km lies within the Treaty Creek mineral tenures, to get KSM ore to a proposed processing facility and tailings pond
  • The proposed route for the MTT runs through Treaty Creek in the same general location as the following:
    • The Kyba Discovery Line – a major geological marker for large deposits
    • The Sulphurets thrust fault – a major geological marker for large deposits
    • Geoclastic sequencing – a major geological marker for large deposits
    • Magnetotelluric anomalies indicating potential large mineral deposits
    • Magnetic anomalies indicating potential large mineral deposits
    • Electromagnetic anomalies indicating potential deposits
    • Mineralized zones on surface including the SW, AW, and Konkin zones
    • Mineralized zones to depth including Copper Belle, GR2, and Goldstorm zones
    • Seabridge requires consent from Treaty Creek owners for tunnels that would intersect potential deposits
  • The proposed route for the MTT runs directly through the mineralized zones on the Goldstorm currently being developed for an open pit mining operation

Treaty Creek Project Summary Click Here: Treaty Creek Summary

American Creek has already increased close to 300% since spring and yet only the initial results from the Goldstorm have come out.  Based on the geology, geophysics, and results so far it looks as though things have just started for the company.  A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are now two drills working on the Goldstorm zone with the objective of defining a significant maiden gold resource. The last hole reported included a 780 meter intercept of 0.683 g/t gold including a higher grade upper portion of 1.095 g/t over 370.5 meters. The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator, with American Creek holding a 20% interest in the project. American Creek is fully carried until such time as a Production Notice is issued. Until such time, Tudor is required to fund all exploration and development costs while American Creek has a “free ride”.

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

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