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AMERICAN CREEK REPORTS ON TREATY CREEK – COPPER BELLE HOLE CB-17-24 WHICH INTERSECTED 115.5 M OF 1.31 G/T GOLD INCLUDING 39 M OF 2.38 G/T GOLD $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by Er at 9:01 AM on Thursday, December 14th, 2017

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  • Final results for the 2017 exploration season from the GR2/HC zone of the Treaty Creek project.
  • HC extension of the GR2 zone was discovered during the 2017 exploration program and carries high-grade gold, silver and base metal mineralization
  • 115.5m of 1.31 G/T Gold Including 39m of 2.38 G/T Gold

 

American Creek Resources Ltd. has provided information on Tudor Gold’s 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 British Columbia’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 totalling 5,401 metres in 2017. The program was designed with a maximum of 50-metre stepouts in the mineralized zone to prepare for a preliminary resource estimate.

The GR2/HC zone appears to be a gold-rich volcanic-hosted massive sulphide deposit in which the feeder vein system and the stratabound lenses have been intersected. A later silver (lead-zinc-antimony-copper) 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 800 metres 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 400 m along strike and 450 m down dip at 50 m space increments that show consistent geology and which demonstrate the distribution and continuity of the feeder vein system, the stratabound 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 3,000 m 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 attached tables (all distance measurements reported in metres).

    
                    HC ZONE                       

Hole         From      To   Interval* Au g/t  Ag g/t

HC-17-09    79.05   81.05          2   12.21        
including   79.05   79.95        0.9    10.5     8.3
including   79.95    80.6       0.65    11.7    15.2
including    80.6   81.05       0.45    16.4    68.5
and         81.05    81.6       0.55   0.399     8.6
and          81.6    82.4        0.8    1.71     5.2
HC-17-11   221.15     230        9.7    4.89        
including   222.7   224.5        1.8   10.27        
including   221.1  222.15       1.05    3.17      11
           222.15   222.7       0.55    0.24     3.7
            222.7   223.1        0.4    9.48     6.3
            223.1   223.5        0.4    9.14     7.2
            223.5     224        0.5    3.48     9.8
              224   224.5        0.5    18.6      11
            224.5     225        0.5    2.96     7.9
              225   225.5        0.5    1.12     6.3
            225.5  226.25       0.75    4.16    19.3
           226.25  227.15        0.9     8.9     9.4
           227.15  227.75        0.6    3.42     5.9
           227.75  229.15        1.4    2.23     6.9
           229.15     230       0.85     1.6     6.2
              230   230.8        0.8    7.27     9.3
            230.8   231.9        1.1   0.518     3.9
            231.9     233        1.1    2.93     8.9
              233   233.9        0.9    1.71     4.7
HC-17-13    306.7   316.1        9.4    4.25        
including   306.7  311.35       4.65    5.81        
including   306.7   307.5        0.8    4.84    12.9
            307.5   308.5          1    6.42    10.9
            308.5   309.5          1    1.34     9.6
            309.5   310.5          1    11.9    19.4
            310.5  311.35       0.85    4.08    10.9
           311.35  312.35          1    1.06    10.8
           312.35  312.95        0.6    1.55    12.3
           312.95  313.45        0.5     3.6       9
           313.45   313.8       0.35    4.58     5.2
            313.8  314.15       0.35   0.882     4.8
           314.15  314.75        0.6    7.65    20.8
           314.75   315.2       0.45    1.59     8.4
            315.2  315.45       0.25   0.184     5.1
           315.45   316.1       0.65    2.91     2.5
HC-17-15    290.7   291.4        0.7    7.86    21.1
and         298.6   300.1        1.5    4.03        
including   298.6   299.1        0.5       3        
            299.1   299.4        0.3    6.58        
            299.4   300.1        0.7    3.68        
HC-17-16    306.9   307.4        0.5    1.28        
and         307.4   308.3        0.9    6.77        
                                                    
                       HC FEEDER VEINS                          

Hole         From      To   Interval* Au g/t  Ag g/t    AuEq** (g/t)

HC-17-10    274.8   275.6        0.8    6.42   5.136               
and         275.6   276.3        0.7    4.05   2.835               
HC-17-11   181.35  182.75        1.4   10.44                  15.96
including  181.35  182.25        0.9    11.8    31.2               
and        182.25  182.75        0.5    7.99     433               
HC-17-17    94.95   95.85        0.9     5.7                       
and         380.6  381.75       1.15    8.17                       
                                                                   
                    HC AG (BASE METAL) VEINS                      

Hole         From      To   Interval* Au g/t   Ag g/t   AuEq** (g/t)

HC-17-08     38.2    38.5        0.3    10.7      151         12.62
and         91.55    91.8       0.25    14.5      530         21.25
and          98.2    98.6        0.4    5.18      6.2              
and         100.1   100.5        0.4   0.529     4730         60.81
HC-17-09     87.8    88.4        0.6    1.14     1190         16.31
and         143.4  146.25       2.85    1.01 1,118.35         15.26
including   143.4  144.05       0.65   0.552     1730         14.69
and        144.05  144.65        0.6   0.082       78          0.65
and        144.65  146.25        1.6    1.54     1260         28.16
HC-17-13      206     207          1    1.27    647.8          9.53
including     206   206.6        0.6     1.2      731         10.52
including   206.6     207        0.4    1.38      523          8.05
and           207  207.55       0.55   0.486     75.8              
and        207.55   208.2       0.65   0.381      247          3.53
and         208.2  208.95       0.75   0.182       79              
and        208.95   209.5       0.55    0.43      314          4.43
and        216.65  218.85       1.65     5.4   123.56          9.42
including  216.65   217.1       0.45    3.33      132          5.01
including   217.1   217.8        0.7    10.5      298         14.30
including   217.8   218.3        0.5   0.746      7.7          0.84
including   218.3  218.85       0.55    4.84     28.1          5.20
HC-17-16      100  100.95       0.95    1.39      157          3.39
and         205.1   205.5        0.4   0.785      425          6.20
and         221.3   221.5        0.2   0.042      300          3.87
and         275.3     276        0.7   0.492      105          1.83
and           276     277          1   0.498      176          2.74
HC-17-17    222.9  223.85       0.95    2.38      122          3.93
and        228.35     229       0.65   0.672     68.3          1.54
and           299   233.6        4.6    1.09   417.51          6.41
including     229  229.45       0.45    0.58      314          4.58
including  229.45   230.3       0.85    1.12      864         12.13
including   230.3  230.85       0.55   0.602      107          1.97
including  230.85   231.2       0.35   0.637      234          3.62
including   231.2  231.65       0.45   0.891     14.8          1.08
including  231.65   232.4       0.75    3.11        3          3.15
including   232.4   233.6        1.2   0.422      746          9.93
                                                                   
          RR AG-BASE METAL VEINS         

Hole      From   To Interval*  Ag g/t

RR-17-03  41.3   42      0.7      119  
and         48 48.8      0.8      544  
and         57 57.6      0.6      206  
and         62   63        1      166  
RR-17-04     6    7        1      399  
and          7    8        1      339  
                                       
* True thickness of all above mineralized 
  intervals still to be determined.


** AuEq calculated assuming Au $1,275 (U.S.)
   per ounce and Ag $16 (U.S.) per oz.

Note that only precious metals were reported on.
    

Darren Blaney, chief executive officer 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.”

Two thousand seventeen 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-per-cent interest with both American Creek and Teuton each holding respective 20-per-cent carried interests in the property (fully carried until a production notice is given).

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 chief executive officer, 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 and hosting proven and probable reserves of 8.1 million ounces of gold (see Pretium’s website). Within this rich portion of B.C.’s Golden Triangle are several other past-producing mines as well as numerous new projects undergoing exploration.

About American Creek Resources Ltd.

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-per-cent-owned past-producing Dunwell mine. Other properties held throughout B.C. include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side and Glitter King.