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American Creek Resources $AMK.ca – Sprott Gold Report: The Minsky Moment $SII.ca $SA $SEA.ca $TUD.ca $PVG.ca

Posted by AGORACOM-Eric at 1:21 PM on Friday, August 23rd, 2019

SPONSOR: American Creek Resources (TSX-V: AMK) owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged of 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm’s Brucejack and Seabridge’s KSM deposits. Click Here for More Info

After spending three years in a $250 trading range (between $1,121 and $1,375), spot gold has erupted since late May and is up 18.01% YTD as of last Friday’s (8/15) close at $1,523.34. At the same time, gold mining equities, as measured by Sprott Gold Miners ETF (SGDM) are up 39.52% YTD.

To us, the operative questions are:

1) What factors ignited gold’s breakout from a three-year consolidation?
2) Are these fundamentals likely to persist in future periods?

We offer the following answers. Gold is clearly responding to a global pivot by central bankers back towards concerted monetary easing, and the intractable nature of excessive global debt levels suggests we are in the very early innings of the developing easing cycle. In short, for gold this is the real deal and we suspect things are just getting started. …for gold, this is the real deal and things are just getting started.

At Sprott, our investment thesis for gold rests largely on the unsustainable nature of global debt levels. While investor consensus recognizes that debt levels are a daunting structural dilemma, the inability to predict either timing or method of inevitable resolution has long relegated debt concerns to the back burner of investor priorities.

In this post, we develop the possibility that global asset markets may finally have reached the point at which excessive debt levels are overwhelming longstanding relationships in normally functioning capital markets such as interest rates, time preferences and capital formation. Named after Austrian economist Hyman Minsky, the global economy in 2019 may be entering a “Minsky Moment,” at which the cumulative distortions of a long period of debt-fueled growth are finally coming to bear.

Interest Rates Cannot Rise

Throughout 2018, we made the case that outstanding debt levels precluded the possibility of rising interest rates (long or short) without inflicting severe pressure on reigning financial asset valuations. On the short side of the ledger, we warned that the Fed’s dual policy agenda of simultaneous rate hikes and balance sheet reduction was far too aggressive in the context of still egregious U.S. debt levels. Contrary to popular perceptions of U.S. deleveraging since the financial crisis, the Fed’s Q1 2019 Z.1 Report disclosed that total U.S. credit market debt now stands at $73.1 trillion, up 33% from Q1 2009. Importantly, as shown in Figure 1, the U.S. debt-to-GDP (gross domestic product) ratio still measures a bloated 347%, not far from its Q2 2009 peak of 382%.

The prior century of U.S. financial history suggests healthy capital formation in the U.S. economy hinges on reducing the debt-to-GDP ratio to roughly half its current level. Of course, this would require either extinguishment of roughly $30 trillion in debt without impacting GDP, or doubling GDP without incurring an incremental dollar of debt, both exceedingly remote possibilities. Remaining options are debt default or debasement, and we are certain global financial stewards will do everything in their power to choose the latter over the former.

Figure 1. The Ratio of Total U.S. Credit Market Debt-to-GDP (1916-Q1 2019)

Source: BEA; Federal Reserve.

To us, the Fed’s eight years of zero interest rates and QE (quantitative easing) asset purchases served as tacit admission that the U.S. financial system requires artificial liquidity to forestall the devastating debt rationalization inherent in rebalancing paper claims (debt) to underlying productive output (GDP). Indeed, the serendipitous and largely unquestioned evolution of the Fed’s congressional mandate from “stable prices” to a self-appointed “2% inflation target” serves as proof-positive that the Fed’s paramount concern is avoiding debt deflation at all costs.

Given the awkward messaging in maintaining rates at the zero bound, we are not surprised that the Fed began the process of “normalizing” the fed funds rate back in December 2015. After three full years, the Powell Fed notched in December 2018 the Federal Open Market Committee’s (FOMC’s) ninth rate hike, to a 2.5% upper bound. In all honesty, we did not expect that the U.S. financial system could sustain a 2.5% fed funds rate without significant dislocation of asset prices. Low and behold, financial turbulence arrived with a vengeance in Q4 2018, when the S&P 500 shed a startling 19.63% between Chair Powell’s October 3 “long way from neutral” comment and Treasury Secretary Mnuchin’s convening of the President’s Working Group on Financial Markets on Christmas Eve.

A precis of Fed behavior since the 2018 Christmas Eve miracle of reversing asset markets would best be characterized as one of the sharpest Fed policy U-turns on record. Short-circuiting months of debate over whether the Fed’s January 2019 tonal change merely represented a “pause” in an ongoing tightening cycle, the FOMC cut the fed funds rate 25 basis points on 7/31/19. After declaring in December that the Fed’s balance sheet reduction program was “on autopilot,” “working well” and “not subject to review,” Chair Powell shuttered the program completely on 7/31/19. Needless to say, we can only smile at Chair Powell’s seemingly earnest assertion that the Fed’s 7/31 rate cut was a “mid-cycle adjustment” and “not the beginning of a long series of rate cuts.” Mark our words, just as with early 2019 arguments for a “pause in the Fed’s tightening cycle,” current prognostications for a “one and done insurance cut” belie shallow understanding of what is truly troubling the Fed.

A quick survey of economic conditions, in fact, is hardly supportive of a Fed rate cut. Q2 GDP measured 2.1%, with personal consumption leaping at a 4.3% annual rate (fifth strongest quarter during the past 13 years). The 3.7% unemployment rate rests at a five-decade low and U.S. equity averages were setting fresh all-time highs in late-July. Come to think of it, when did “sustaining the expansion” even become a consideration in the Fed’s congressional mandate? (Answer: gross mission creep.) To us, it is patently clear that despite respectable output growth, full employment and record financial asset valuations, the Fed now believes it has strayed too far from the zero bound to guarantee against incipient debt deflation. Consequently, we expect fed funds to retreat toward the 1% level and beyond in very short order.

Negative Interest Rates

On the long end of the rate spectrum, we have maintained that excessive debt levels absolutely mandate ever-declining interest rates. We have repeatedly cited Stephanie Pomboy’s annotated graphic of 10-year U.S. Treasury yields (Figure 2). On every occasion since 1981 when 10-year Treasury yields have backed up significantly, a financial crisis has invariably ensued. Therefore, we are always amazed when consensus begins to project rising Treasury yields without repercussions, such as during the fall of 2018, when consensus extrapolated Chair Powell’s hawkish resolve all the way to a sustainable breakout in Treasury yields. Very simply, if rates have been unable to rise for 37 years without catalyzing financial distress, why do investors EVER conclude they might magically be free to rise in the future, especially since aggregate debt measures only continue to deteriorate?

Figure 2. 10-Year Treasury Yields with Financial Crises Annotated (1975-8/7/19)

Source: MacroMavens. 

Boiling things down, we view gold’s prospects as inextricably linked to consensus recognition that global interest rates not only cannot rise, but must continue to decline to keep the ever-burgeoning debt pyramid from toppling.

Along these lines, we attribute gold’s accelerating performance since October 2018 to broadening recognition that global rate structures are once again crashing through the zero bound. As shown in Figure 3, the global total of negative yielding sovereign credit has literally skyrocketed in recent weeks to a mind-numbing $16.7 trillion as of 8/15/19. For perspective, this total represents a rough triple from the $5.7 trillion total as recently as October 2018. And it goes without saying, this total is quite the departure from the absolute zero total for negative-yielding bonds during the 5,000 years of financial history prior to 2015 (thank you Bank of Japan for the clever innovation).

Figure 3. Aggregate Total of Negative-Yielding Sovereign Debt (2015-8/15/19)

Source: MeridianMacro. 

Perhaps inured by lofty equity averages, general investor consensus remains relatively unconcerned by the global explosion in negative-yielding debt instruments. Especially for U.S. investors, there is a pervasive sense that ramifications of negative rate structures are just “not our problem.” Sidestepping for the time being the profound implications of negative rates for capitalism itself, we wanted to provide a bit more detail on the composition of the oft-cited negative-yielding sovereign debt total.

In Figure 4, we have compiled. what we believe to be a comprehensive snapshot of global rate structures as of the close of trading on 8/15/19. We were amazed to discover that the entire yield curve for six EU countries now trades at negative yields (Switzerland, Germany, Netherlands, Finland, Sweden and Denmark). French and Austrian curves are negative through 20 years; Japan and Belgium are negative through 15 years; and Ireland, Slovakia and Slovenia are negative through 10 years. Indeed, we were only able to identify three developed economies with entirely positive rate curves: United States, United Kingdom and Canada.

Figure 4. Sovereign Rate Structures for Selected Countries (8/15/19)

Source: http://sprott.com/insights/minsky-moment/

We have no special insight into the impact of negative interest rates on future valuations for traditional asset classes such as stocks, bonds and real estate. But as we stated earlier on, we believe that for gold this is the real deal and we suspect things are just getting started.

Source: http://sprott.com/insights/minsky-moment/

American Creek $AMK.ca Commences Drilling on Dunwell Mine Property in BC’s Golden Triangle $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca$III.ca $GGI.ca

Posted by AGORACOM-Eric at 9:26 AM on Monday, August 12th, 2019
  • Initiated 2000m Drill Program on 100% owned Dunwell Mine project
  • Located in the heart of the Golden Triangle a few kilometers outside of Stewart, BC
  • Dunwell has multiple bonanza grade vein systems found scattered over several kilometers around the mine itself.

Cardston, Alberta–(Newsfile Corp. – August 12, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Company”) is pleased to announce that a drill has been mobilized to the Dunwell Mine project and drilling has now commenced. As part of an overall exploration program it is anticipated that Phase I will include up to 2,000 meters of drilling on several targets.

The 100% owned Dunwell Mine project is located in the heart of the Golden Triangle a few kilometers outside of Stewart, BC.

Darren Blaney, CEO and President stated: “We are very excited to begin drilling on this project. We have had our eye on this property since 2006 and now we finally get to start showing the market what we have. The Dunwell is an incredibly prospective property and has everything going for it from amazing access and logistics to multiple areas with past high grade production. All indications are that these multiple bonanza grade vein systems found scattered over several kilometers around the Dunwell mine itself are all related and form part of a much larger system underlying the property.”

Property Description and History

Through a series of strategic acquisitions American Creek was able to purchase the past producing Dunwell Mine as well as several adjoining very prospective properties, combining them into one large land package that encompasses the best gold and silver mineral occurrences and historic workings in the Bear River valley. The amalgamated property spans 1,655 hectares covering the northern portion of the Portland Canal Fissure Zone, an area first prospected in the late 1800’s and hosting some of the earliest producing gold and silver mines in the Stewart area.

The property is located 8 km northeast of Stewart with a road right to the mine site and a major highway and power line also running through the property. The Dunwell Mine adit itself is located only 2 km from Highway 37A and the power transmission line. Stewart hosts a deep sea port including modern ore loading and shipping facilities.

Unlike the majority of mineral properties located near Stewart and within the Golden Triangle, the Dunwell is relatively moderate and at low elevation (600m and lower). These features allow for year-round work which typically isn’t the case for exploration programs conducted in the Stewart region where projects are typically at higher altitude in very rugged terrain, are accessible only by helicopter, and lack critical infrastructure such as roads and power. The Dunwell project may just have the best logistics of any project in the Golden Triangle.

Although there has been a substantive amount of small-scale historic work (pre-1940) in this area given its close proximity to Stewart, very fractured ownership of individual mineral claims greatly hampered meaningful larger scale exploration resulting in very little modern exploration being conducted on the property or in the immediate region.

The Dunwell Mine is the most significant mineral occurrence within the Portland Canal Fissure Zone. Production at the Dunwell occurred between 1926 and 1937. From historic reports, it appears that a total of 45,657 tons averaging 6.63 g/t gold, 223.91 g/t silver, 1.83% lead, 2.43% zinc and 0.026% copper (approximately 11.3 g/t gold equivalent) were produced. In one such report (#23345 summary report) the Dunwell shows initial production of 4,872 oz gold, 102,855 oz silver, 1.2M lbs lead, and 1.64M lbs zinc from 27,067 tons of ore milled. A further 23,231 tons was milled in 1941 yielding 4,878 oz gold, 233,017 oz silver, 511,082 lbs lead, and 789,854 lbs zinc.

Strong potential exists to develop more reserves along strike with the present workings and at depth below the No. 4 level. A drill program conducted by prior owners in 2010 revealed a zone at least 300 metres long and 200 metres along dip with a true thickness of 6-7 meters, suggesting an extension of the ore body vein system previously mined. Eight holes drilled 150 meters underneath and to the north of the old underground workings resulted in the discovery of a wide quartz breccia zone with strong sphalerite, galena, pyrite and chalcopyrite. Due to unfavorable market conditions at the time, the work was never followed up on. Significant reported results from the 2010 drilling are displayed in the table below:

HoleFrom (m)To (m)LengthAu g/tAg g/tPb %Zn %Cu %
D4-10-09215.55222.266.7114.2737.810.250.630.02
D4-10-10216.77221.955.185.3162.40.520.800.03
D4-10-11217.07222.935.854.7455.880.090.720.02
D4-10-12218.352256.647.6837.400.3300.900.02
D4-10-15208.84213.144.315.6242.00.040.401.44

The 2019 Phase I drill program is designed to confirm the promising results from the 2010 drilling and also to expand the known extent of the vein system with step out holes. Drill hole D4-2010-09 returned an impressive 14.27 g/t gold over 6.7 meters and along with similar results in adjacent holes, partially delineated a new high-grade vein system. The first hole to be drilled in the 2019 program will be located in close proximity to D4-2010-09. A series of holes will then be drilled to extend the known extent of this new vein system.

James McCrea, P. Geo for the Dunwell project, commented: “The historic Dunwell Mine workings straddle a large shear zone that is interpreted to be part of the Portland Canal Fissure Zone. The shear has a surface expression of up to 3 km with a series of known vein showings, along the shear, north and south of the Dunwell, that have an extent of 2 km. The potential for further discoveries exists adjacent to the shear in the area of the Dunwell Mine.”

In addition to the past producing Dunwell Mine itself, the property package also contains other high-grade gold and silver occurrences and historic small-scale gold/silver high-grading operations along a several kilometer north/south trend that correlates to the fissure zone and major faulting. A search of old reports produced an impressive number of such occurrences on the property. The reported grades are even more impressive. Some of these include the following:

Ben Ali: 5,000 tons yielding 3,000 ounces gold. 4,500 tons at 21.6 g/t gold.

Lakeview: 60 tons grading 4.7 g/t gold, 2,734 g/t silver, and 11.5% lead.

Tyee (Mother Lode): Produced 8.2 ton of ore grading 124.4 g/t gold and 4,478.8 g/t silver.

Mayflower: produced a few tons of ore running about $60 a ton in gold values (1918 values). An adit sample assayed 78.2 g/t gold and 1,961.2 g/t silver.

Silver Ledge: Quartz veins with up to 0.36 ounces per ton gold, 5.04 ounces per ton silver, 5.4% lead and 0.65% zinc.

Goldie: Historic grab sample from 2 tons of galena assayed 2,880 g/t silver and 80% lead.

Victoria (Main Reef): Two separate numbers reported; perhaps an initial 6 tons of 20.6 g/t gold, 1028.6 g/t silver, 35% lead, and 10% zinc ore was shipped, later totaling 11 tons grading 20.15 g/t gold, 775 g/t silver, 25% lead, and 5% zinc.

Mimico: Historic grab samples of galena have assayed up to 5,345 g/t silver and 87.2% lead.



Rock sample from the Dunwell property grading 14 g/t Au, 46 g/t Ag with Cu, Pb, and Zn.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/46848_3d4a5951a4219a46_001full.jpg

For a summary about the Dunwell Mine project please click here: Dunwell Summary

Qualified Person

The Qualified Person directing the Dunwell exploration program 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.

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia.

In addition to the 100% owned Dunwell project, the portfolio includes two other gold/silver projects located in the heart of the Golden Triangle; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor Gold.

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.

For a summary of the Treaty Creek project click here: Treaty Creek Summary

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: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

CLIENT FEATURE: American Creek Resources Intersects 780m of 0.683 Gold at Treaty Creek in First Hole of 2019 Season $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca$III.ca $GGI.ca

Posted by AGORACOM-Eric at 10:13 AM on Thursday, August 1st, 2019
  • American Creek owns a 20% Carried Interest to Production at Treaty Creek.
  • Intersect included a high grade portion of 1.095g/t gold over 370m
  • Broad intercept an indication of a deep system at Goldstorm Zone
  • Located on trend and 5 km Northeast of Seabridge’s KSM deposits
  • Goldstorm system increases in grade as it trends Northeast
  • Eric Sprott recently placed 1$M strategic investment with AMK
http://blog.agoracom.com/wp-content/uploads/2019/07/image-11.png

If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report. 

Hub on Agoracom
  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.

American Creek Resources $AMK.ca – Gold, Silver Investing Legend Eric Sprott on Junior Mining Spree $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca$III.ca $GGI.ca

Posted by AGORACOM-Eric at 10:00 AM on Wednesday, July 31st, 2019

Sponsor: American Creek Resources (TSX-V: AMK) American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged of 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits.

  • Sprott sold 3.3 million shares of Kirkland stock for C$168m
  • Deployed C$139m on 16 gold and silver explorers since May
  • Includes $4M in Tudor Gold and most recently 1$M in American Creek for Treaty Creek Exposure at Goldstorm
https://www.mining.com/wp-content/uploads/2014/02/SPrott.jpg
Eric Sprott is responsible for nearly a quarter of the money flowing into junior mining since May, says Oreninc. Image from archives.

The gold price has now been camped out above $1,400 an ounce for a month, and silver has finally come alive above $16 per ounce, but legendary mining financier Eric Sprott had already kicked off a major junior investment spree when the metals were significantly cheaper than they are today.

The Canadian billionaire investor – also a pioneer in the gold-backed ETF industry – has splashed more than C$139 million on 16 gold and silver explorers (and some nickel on the side) since May, according to junior mining finance authority Oreninc. $127m of the total found its way to Canada-domiciled companies.

Sprott uses a company called 2176423 Ontario to play the space and was able to flash the cash thanks in part to a divestment from Kirkland Lake Gold, (TSX:KL) (NYSE:KL) where he was chairman until recently.

Sprott, has sold some 3.3 million shares of Kirkland stock for C$168 million, reducing his position from 10% to 8% according to Oreninc data. Kirkland Lake has been on a roll, doubling its share price in under a year.

Kirkland Lake output could reach 1 million ounces for the first time this year, driven by record production at its flagship Fosterville mine in Australia. Fosterville is the lowest cost gold mine in the world, extracting the metal for a mere $313 an ounce all-in this year.

American Creek Resources $AMK.ca Announces $1,000,000 Strategic Financing with Eric Sprott $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca

Posted by AGORACOM-Eric at 8:49 PM on Monday, July 29th, 2019
  • Eric Sprott enters strategic Investment with AMK for 20 Million Shares
  • Mr. Sprott has agreed to sign a voting agreement in which he will vote with management in the event of a hostile takeover bid
  • Will also vote with management if management agrees to accept a takeover bid.

Cardston, Alberta–(Newsfile Corp. – July 29, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) (“American Creek”) today announced that it intends to complete a non-brokered private placement with Eric Sprott’s private company, 2176423 Ontario Ltd. consisting of the issuance of 20,000,000 units (“Units”) at a price of $0.05 per Unit for proceeds of $1,000,000.

Each Unit will consist of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.065 for a period of 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision which provides that in the event that the market closing price of the Corporation’s shares exceeds $0.12 for 30 consecutive days, the Corporation may within 5 days after such an event, provide notice to the Warrant holder of early expiry and thereafter, the Warrants will expire on the date which is 15 days after the date of the notice to the Warrant holder.

As part of this financing and the issuing of the Units, Mr. Sprott has agreed to sign a voting agreement in which he will vote with management in the event of a hostile takeover bid, and to also vote with management if management agrees to accept a takeover bid.

Darren Blaney, President & CEO of American Creek, stated: “We welcome Mr. Sprott’s involvement and significant contribution. This is an endorsement of not only the potential of the Treaty Creek project but also of our other projects we’ve been able to successfully acquire. With Mr. Sprott’s support and with market conditions improving, we very much look forward to working together to advance these projects and create additional value for our shareholders.”

The securities are offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. No finder’s fees will be paid related to this financing.

Proceeds will be used for general operating purposes including settling current debt and advancing the Corporation’s portfolio of mineral properties.

This private placement is subject to approval by the TSX Venture Exchange.

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.

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”.

Tudor is presently conducting a major drill program at Treaty Creek with the objective being to define a significant gold resource.

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

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 $AMK.ca Announces $300,000 Financing to Advance Golden Triangle Assets. Launches Online Marketing and CEO Verified Forum on AGORACOM to Raise Awareness for Treaty Creek JV with Tudor Gold $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SII.ca

Posted by AGORACOM-Eric at 9:33 AM on Friday, July 26th, 2019
This image has an empty alt attribute; its file name is 46549_2fcccb5dd48ccaa5_logo.jpg

Cardston, Alberta–(Newsfile Corp. – July 26, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Company”) (“American Creek”) today announced that it will be offering on a non-brokered private placement basis (“the Offering”) up to 6,000,000 units (“Units”) at a price of $0.05 per Unit for proceeds of $300,000 if the Offering is fully subscribed. Each Unit will consist of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.06 for a period of 24 months from the closing date of the Offering.

The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. A Finder’s Fee of 5% may be paid associated with this financing.

Proceeds will be used for general operating purposes including the advancement of key assets in BC’s Golden Triangle.

This private placement is subject to approval by the TSX Venture Exchange.

American Creek Resources “CEO Verified” Discussion Forum on AGORACOM to act as Primary Investor Social Media and Online Marketing Platform

The Company is also pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.

AGORACOM “CEO Verified” provides the first ever identity verification of small cap executives on a finance platform, which will provide American Creek Resources executives and shareholders with a trusted online forum. There are no log-in requirements for investors to visit the forum and read posts. Those wishing to post questions, comments and interact with both company officers and other shareholders can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.

The American Creek Resources Discussion Forum can be found at:
https://agoracom.com/ir/AmericanCreek/forums/discussion

Verified officers at launch on August 1:

Darren Blaney, President and CEO
Rob Edwards, CFO
Kelvin Burton, Investor Relations

Darren Blaney, President and CEO stated, “Social media participation is very important for growth companies such as ours and AGORACOM forums are purpose built to facilitate intelligent discussion without the nonsense that plagues other such sites. I encourage everyone to read and participate in our CEO Verified Discussion Forum to create great, vibrant and constructive interaction for the long term benefit of everyone. “

George Tsiolis, AGORACOM Founder stated “Given the state of affairs in the red hot Golden Triangle, American Creek executives will have a lot to say and their shareholders are going to have a lot of questions in the coming months. This CEO Verified Discussion Forum will provide a home for trusted information, full transparency and civilized 24/7/365 interaction.”

In addition to the CEO Verified Forum, the Company will also receive significant exposure through millions of content brand insertions on the AGORACOM network, extensive search engine marketing and social media engagement targeting the Golden Triangle over the next 12 months. Sponsorships of digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of American Creek amongst small cap investors.

About AGORACOM

AGORACOM achieved a major milestone on February 28, 2019 surpassing 600 Million-page views (90% AGORACOM / 10% Twitter) from 7.7 Million investors that visited 55.2 Million times. These milestones continue to demonstrate that AGORACOM is the primary home for serious small cap investors that want to discover their next great small cap company.

Shares for Services

The Company intends to issue common shares in the capital of the Company (the “Common Shares”) to AGORA in exchange for the Services. Pursuant to the terms of the Agreement, the Company will be issuing a total fee of $45,000 (plus GST) in instalments over the next 12 months.

The number of Common Shares to be issued at the end of each period will be determined by using the closing price of the Common Shares of the Company on the Toronto Venture Exchange on the first trading day following the end of each period for which the Services were provided by AGORA.

The term of the Agreement is for 12 months effective July 15, 2019 and the agreement is subject to Exchange approval.



Image of mineralized zones on Treaty Creek located adjacent to Seabridge Gold’s KSM deposits.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/46549_2fcccb5dd48ccaa5_001full.jpg

Eric Sprott invests in Treaty Creek

With Eric Sprott’s latest $3,000,000 investment announced on Friday he has now personally invested $4.5 million into the Treaty Creek Joint Venture through its operator and 60% owner Tudor Gold. In a podcast (also on Friday) Eric enthusiastically described the potential of the Treaty Creek project when he made statements like:

“It’s drilling a monster play just like the GT Gold play” “The last hole they announced, which was last year, was 563 meters of 1.08 gold.”

“It’s in the perfect logistical place to develop it. The market cap of the company (Tudor) is like under $50 million and yet what we’re shooting for is to define a 10 or 20-million-ounce discovery, so you’re paying nothing for this discovery.”

“So that’s the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000. I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars! That is what we are looking for – a dollar to $35 dollars, set you up for life!”

American Creek Resources has a fully carried 20% interest (1/3 of Tudors 60% interest) in the Treaty Creek Joint Venture and has a “free ride” with no associated exploration/development costs until such time as a production notice is given. This puts American Creek shareholders in an extremely favorable leveraged position, especially considering the other exceptional properties it owns including two more in BC’s Golden Triangle. American Creek is presently valued at, and is trading at less than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and flagship property), offering an even more leveraged opportunity at the moment.

The Goldstorm zone at Treaty Creek has the potential to be a world class gold deposit with lower costs and far better logistics than Seabridges’ adjacent KSM. According to Sprott, Seabridge set a lot of people up for life and the opportunity for something similar by “paying nothing for the discovery” is right here, right now.

Click the link below for the Sprott podcast. Tudor/Treaty Creek are discussed beginning at about the 10:07 mark….but we suggest you listen to the whole thing as Eric describes the present gold/silver market in general.

For details about the Treaty Creek JV please visit our website here: https://americancreek.com/index.php/projects/treaty-creek/home

About American Creek Resources

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.

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

CLIENT FEATURE: American Creek Resources $AMK.ca On Trend and Within Sight of Seabridge’s 40 Million Gold Ounces $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SII.ca

Posted by AGORACOM-Eric at 10:55 AM on Thursday, July 25th, 2019
  • AMK owns a 20% carried interest to production at Treaty Creek
  • Last hole at Goldstorm 2018: 563.8m of 0.98 g/t gold and unknowingly stopped while still in the gold zone
  • Seabridge’s production logistics require Treaty Creek ownership approval.
  • Potential scale of Treaty Creek equal to KSM
  • Tudor is currently drilling Goldstorm

If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report. 

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  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.

American Creek Resources $AMK.ca: Eric Sprott Discusses Goldstorm Drilling Potential at AMK’s Treaty Creek $SEA.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SII.ca

Posted by AGORACOM-Eric at 1:10 PM on Monday, July 22nd, 2019
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  • AMK holds a 20% Carried Interest in Treaty Creek, including Goldstorm where Tudor is currently drilling
  • The Goldstorm zone at Treaty Creek has the potential to be a world class open pit gold deposit with lower costs and far better logistics than Seabridges’ adjacent KSM
  • Assay results for Goldstorm anticipated shortly

With Eric Sprott’s latest $3,000,000 investment announced on Friday he has now personally invested $4.5 million into the Treaty Creek Joint Venture through its operator and 60% owner Tudor Gold.  In a podcast (also on Friday) Eric enthusiastically described the potential of the Treaty Creek project when he made statements like:

“It’s drilling a monster play just like the GT Gold play” “The last hole they announced, which was last year, was 563 meters of 1.08 gold”

“It’s in the perfect logistical place to develop it.  The market cap of the company (Tudor) is like under $50 million and yet what we’re shooting for is to define a 10 or 20-million-ounce discovery, so you’re paying nothing for this discovery.”

“So that’s the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000.  I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars!  That is what we are looking for – a dollar to $35 dollars, set you up for life!”

American Creek Resources has a fully carried 20% interest (1/3 of Tudors 60% interest) in the Treaty Creek Joint Venture and has a “free ride” with no associated exploration/development costs until such time as a production notice is given. This puts American Creek shareholders in an extremely favorable leveraged position, especially considering the other exceptional properties it owns including two more in BC’s Golden Triangle.  American Creek is presently valued at, and is trading at less than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and flagship property), offering an even more leveraged opportunity at the moment. 

The Goldstorm zone at Treaty Creek has the potential to be a world class open pit gold deposit with lower costs and far better logistics than Seabridges’ adjacent KSM.  According to Sprott, Seabridge set a lot of people up for life and the opportunity for something similar by “paying nothing for the discovery” is right here, right now.

Click the link below for the Sprott podcast.  Tudor/Treaty Creek are discussed beginning at about the 10:07 mark….but we suggest you listen to the whole thing as Eric describes the present gold/silver market in general.

For details about the Treaty Creek JV please visit our website here:  https://americancreek.com/index.php/projects/treaty-creek/home 

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.

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  

American Creek $AMK.ca Reports That Treaty Creek JV Partner Tudor Gold Has Received a Further $3,000,000 in Exploration Funding from Eric Sprott $SEA.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca

Posted by AGORACOM-Eric at 10:13 AM on Friday, July 19th, 2019
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AMK – TSX:V
  • Eric Sprott places 3$ Million with Tudor
  • Sprott now owns 12.6% on a non-diluted basis, an increase from 7%
  • AMK holds 20% carried interest at Treaty Creek
  • 2018 drilling ended in 563M of 0.97g/t AU
  • 2019 drilling has begun at Goldstorm

Cardston, Alberta–(Newsfile Corp. – July 19, 2019) – American Creek Resources Ltd. (TSXV: AMK) (OTC Pink: ACKRF) (“American Creek”) is pleased to report that Canadian billionaire Eric Sprott has invested an additional $3,000,000 in JV partner Tudor Gold for the ongoing Treaty Creek drill program currently underway on the Treaty Creek property located in the Golden Triangle of Northwestern British Columbia.

Drilling is continuing on the gold enriched Goldstorm Zone which is on-trend with Seabridges’ Iron Cap Zone located five kilometers to the southwest. Drilling is designed to define a deposit with the potential of being open pit mined. For more details watch the Tudor Gold video here

Darren Blaney, CEO of American Creek stated: “This further significant investment by Mr. Sprott is a very solid endorsement of not only our partner, the Tudor Gold team, but more specifically of the potential of the flagship Treaty Creek project. Our 20% fully carried interest in the project is looking better and better.”

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.

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

CLIENT FEATURE: The One Gold Report to Read – American Creek Resources $AMK.ca $SEA.ca $SA $SKE.ca $TUD.ca $PVG $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca

Posted by AGORACOM-Eric at 12:34 PM on Wednesday, July 17th, 2019
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THE ONE GOLD REPORT TO READ
Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUST” 2019 annual report is now available for download from Incrementum.  For those new to the gold market there is a condensed (<100 pages) report and for those who want to go deeper, an expanded version (>300 Pages).

Click here for the free report:   IN GOLD WE TRUST 2019 Report

We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
 
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report.

HUB on Agoracom
  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.