Agoracom Blog Home

Posts Tagged ‘#GoldenTriangle #silver #copper’

$AMK.ca American Creek Reports that Tudor Gold Geologists Confirm Goldstorm Zone to Southeast as well as Northeast $TUD.ca $SEA.ca $SKE.ca

Posted by AGORACOM-Eric at 8:33 AM on Wednesday, February 27th, 2019
  • JV partner Tudor Gold has updated information from the southern part of the Goldstorm Zone on the Treaty Creek property in the Golden Triangle
  • Significant horizons of stronger gold mineralization occur in a thick envelope of low-grade gold mineralization throughout the entire Goldstorm Zone.
  • Within the low-grade mineralized body, near-surface horizons of stronger gold grades occur.
  • CB-17-24 interval averages 0.945 g/t Au over 213.0 meters,including the core of the zone that averages 1.925 g/t Au over a 60 meter interval.

Cardston, Alberta–(Newsfile Corp. – February 27, 2019) – American Creek Resources Ltd. (TSXV: AMK) (the “Company”)is pleased to announce that JV partner Tudor Gold has updated information from the southern part of the Goldstorm Zone on the Treaty Creek property in the Golden Triangle region of British Columbia. New composites from drill holes completed during 2017 and 2018 demonstrate that significant horizons of stronger gold mineralization occur in a thick envelope of low-grade gold mineralization throughout the entire Goldstorm Zone.

Within the low-grade mineralized body, near-surface horizons of stronger gold grades occur. The southernmost drill section, 107+00 NE (attached below) demonstrates that the Goldstorm Zone contains a higher grade gold interval at its eastern near-surface projection in hole CB-17-24. This enriched gold interval averages 0.945 g/t Au over 213.0 metersincluding the core of the zone that averages 1.925 g/t Au over a 60 meter interval. Similarly, the upper part of the gold intercepts in holes CB18-32 and CB18-34 also demonstrate that the stronger gold mineralization occurs in the upper portion of each intercept. The following table gives gold composites from the three drill holes on Section 107+00 NE that cut the Goldstorm Zone.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_001.jpg



To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_001full.jpgTudor Gold Exploration Manager Ken Konkin stated: “We consistently see thick, low-grade gold intercepts that contain distinct horizons of stronger gold mineralization throughout the entire Goldstorm Zone. Our preliminary petrographic studies confirm that gold mineralization is associated with multiple pulses of disseminated and veinlet pyrite emplacement. These events were then over-printed and mineralized by late-stage, steep-angled, quartz-calcite-pyrite veinlets that contain native gold. The hanging wall of the Goldstorm Zone is well defined by a sharp fault contact. This appears to be a moderately dipping regional thrust fault similar to the orientation and nature of the Sulphurets Thrust Fault hanging wall contact at Seabridge’s Iron Cap deposit, located five kilometers to the southwest.”
Goldstorm extends for at least 500 meters along a northeastern strike and is open to the east, north and down dip. A drill plan map showing the locations of drill hole collars and section lines is included below in the attached Section 107+00NE. Drill hole CB18-35B stopped within the fault zone and therefore did not penetrate the gold zone. In the following weeks, geologists will be planning an aggressive diamond drill hole program for the 2019 exploration season in order to fast-track the advancement of the Treaty Creek Project.
Tudor Gold will be displaying core samples and drill sections at booth #3314 at the Prospectors and Developers Association of Canada convention in Toronto March 3-6, 2019.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_002.jpg

To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_003.jpg



To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_003full.jpgQA/QCIn 2016 and 2017, drill core samples were prepared and analyzed at Activation Laboratories Ltd. in Kamloops, BC. In 2018, drill core samples were prepared ALS Global’s Preparation Laboratory in Terrace, BC and assayed at ALS Global’s Geochemical Laboratory in North Vancouver, 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 and ALS Global Laboratories quality systems comply with the requirements for the International Standards ISO 17025: 2005.
QP
The Qualified Person for this new 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 holds 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.

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.comNeither 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. 
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 Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements including, without limitation, statements relating to the Goldstorm Zone as well as any other future plans, objectives or expectations of the Company 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. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Corporate Logo

$GLI.ca Glacier Lake to Acquire Property in B.C.’s Prolific Golden Triangle $GTT.ca $JAX.ca

Posted by AGORACOM-Eric at 9:07 AM on Wednesday, April 18th, 2018

 

  • Acquired the “Hackett” and “North Wolverine” properties in the Sheslay area of northwestern British Columbia
  • Properties are located approximately 38 kilometers northwest of the village of Telegraph Creek
  • The Sheslay area is considered one of the most promising grassroots mineral exploration areas in Canada

Glacier Lake Resources Inc. (TSXV:GLI) (“Glacier” or the “Company”) is pleased to announce that it has entered into an agreement to acquire the “Hackett” and the “North Wolverine” properties in the Sheslay area of northwestern British Columbia.  The properties are located approximately 38 kilometers northwest of the village of Telegraph Creek, and approximately 95 kilometers west-southwest of Dease Lake. Association for Mineral Exploration British Columbia (AMEBC) notes that; “The Sheslay area, located in northwestern British Columbia, is one of the most promising grassroots mineral exploration areas in Canada, and this highly prospective area has been explored for many years by a number of companies.”

 

The Hackett property adjoins the eastern border of the Hat property, owned by Doubleview Capital Corp. (“Doubleview”). The Hackett property is interpreted to be underlain by volcanic-sedimentary assemblages and intrusive rocks of the Stuhini Group. Exploration continues at Doubleview’s Hat property with the discovery of the Lisle Zone in 2014. Doubleview’s website reports; “The known Lisle zone (currently 500m x 1000m) occurs near the southeastern edge of the Hat complex and suggests a potential to host several similar size mineralized porphyry bodies in Anomaly E, A, C, D and the least explored “Hoey zone”, all of which remain to be investigated.” Glacier Lake cautions readers the presence of copper mineralization on the Hat Property is not necessarily indicative of similar mineralization on the Hackett Property.

 

The western border of the Hackett property is less than a kilometre away from Doubleview’s Lisle Zone, and the “Hoey Zone” is located near Big Creek on the boundary with the Hat property. A limited exploration program conducted in 2014 (assessment file #34955) returned strongly anomalous gold and copper values in rock grab samples, from oxidized mineralized showings from the western flank of the Hackett property. Two east-west trending mineralized occurrences were discovered in an area of limited exposure. The initial discovery mineral showing (sample numbers 16846 and 16847) returned 24 and 594 parts per billion (“ppb”) gold, and 598 and 2970 parts per million (“ppm”) copper, respectively.  Approximately 150 meters upstream on Big Creek from the discovery showing, another strongly oxidized showing returned 128 ppb gold and 935 ppm copper. The Company considers these initial sample values very significant, representing the first anomalous gold and copper values returned from the Hackett property and further feel they may represent the extension of porphyry style mineralization indicated in surface sampling and diamond drill holes on the contiguous Doubleview Hat property. Glacier Lake cautions investors it has yet to verify the Hackett property exploration data.

 

The North Wolverine property is located approximately 6 kilometers southwest of the southern boundary of the Hackett property and is completely surrounded by Garibaldi Resources Ltd.’s large Grizzly property. The Wolverine showing (Minfile 104J 059) is located on the southern boundary of the North Wolverine property, lying along the Golden Bear Mine Road. Excerpts from the Minfile report include:

 

“Mineralization consists of pods or perhaps disrupted veins of massive pyrite and chalcopyrite which occur in fault gouge cutting a microcrystalline, marginal phase of the diorite. The largest segment of vein consists of massive pyrite and chalcopyrite and is approximately 8 metres long. It yielded from less than 34 to up to 154 grams per tonne gold over a 0.4 metre width. Several smaller segments of massive pyrite yielded grades up to 16 grams per tonne gold, however, others are only weakly anomalous or barren (Assessment Report 20945, page 17). The segments of veins have been found only within the trenched areas of the main showing.”

 

Amarc Resources Ltd. 2004 exploration activities outlined multiple gold and copper soil anomalies north of the Wolverine Showing which are now within the North Wolverine property. Glacier Lake cautions investors it has yet to verify the North Wolverine property exploration data.

 

“We are very pleased to increase our growing property portfolio with the addition of these exciting assets in B.C.’s prolific Golden Triangle region,” says Saf Dhillon, President/CEO. “We plan to further evaluate other projects within Canada and abroad as we await our assays from our Phase I drilling at Silver Vista, B.C. The assays are being held in the ALS Labs until all samples have been collected, tested and then they will be released in their entirety. The Company is planning a summer exploration program on the Hackett and North Wolverine properties consisting of property reconnaissance, prospecting and sampling. The objective of the first-pass program is to verify the documented mineral showings, follow-up the soil anomalies and prospect favourable areas.”

 

In consideration for the claim blocks, Glacier Lake will complete a cash payment of $20,000 and issue three million common shares. Completion of the acquisition is subject to the approval of the TSX Venture Exchange. All common shares issued will be subject to a four-month-and-one-day statutory hold period