Agoracom Blog Home

Posts Tagged ‘$SEA’

American Creek $AMK.ca: Interview with Ken Konkin Concerning Potential World Class Deposit in Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca

Posted by AGORACOM-Eric at 2:21 PM on Thursday, December 5th, 2019

Ken Konkin Discusses the Goldstorm Deposit at Treaty Creek (including recent outstanding drill results like 0.725 g/t over 838.5m), it’s Potential, and 2020 Development Plans

https://mailchi.mp/bf6603f1de9b/ken-konkin-discusses-the-goldstorm-deposit-treaty-creek-its-potential-and-2020-development-plans-in-a-brand-new-interview?e=d81c2ca55c

https://www.commodity-tv.com/play/tudor-gold-the-next-major-discovery-in-the-golden-triangle/

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/49176_99c64899f4a48b79_001.jpg

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”.

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.

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

American Creek $AMK.ca Treaty Creek Moves Closer to Eric Sprott’s Prediction of 10 to 20 Million Ounce $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca

Posted by AGORACOM-Eric at 11:47 AM on Thursday, November 14th, 2019
  • 23 holes drilled in the last two years have intersected significant mineralization and dramatically increased the size of the Goldstorm deposit at Treaty Creek
  • Eric Sprott re-emphasized the potential of the project in a podcast where he stated that he is “hoping they can prove up a 20-million-ounce deposit”
https://www.sprottmoney.com/Blog/after-three-weeks-going-sideways-gold-and-silver-just-woke-up-weekly-wrap-up-october-25-2019.html

11:30 –“I still believe there’s going to be huge deposit proven up there. If we get the right environment in precious metals, which it looks like we might be getting here, people are going to start looking at these things again, and it could be very, very exciting, so…and I am, kind of, hoping that they can ultimately pull up, like, a 20 million ounce deposit there. So these stocks would prove to be very, very inexpensive”

SUMMARIZING THE 2019 PROGRAM

The Company’s JV partner, Tudor Gold’s 2019 exploration program at the Goldstorm Zone on Treaty Creek totalled 9,781.8 meters with 14 diamond drill holes. This year’s drilling program generated the best near-surface results attained to date on the project. Specifically, in addition to several hundred meters extension along strike to the northeast, the 2019 program significantly expanded the mineralized limits to the southeast, where one of the best near-surface intervals averaged 2 g/t Au over 87m, within 336 m averaging 1 g/t Au in hole GS19-52.

RESULTS OF THE FINAL 5 DRILL HOLES

  • Hole GS19-49 was drilled to 960.1 m, at -80° dip, on Section 111+00 NE next to the previously announced vertical hole GS19-48, which yielded 0.725 g/t Au over 838.5m, including an upper horizon that averaged 1.048 g/t gold Au over 328.5 m. Hole GS19-49 returned equally impressive results with a comparable 0.7 g/t Au over 826.5 m and the upper horizon averaging 1 g/t Au over 249 m 
  • Along the same section, hole GS19-52 (-50° dip at 115° azimuth) was drilled much longer than expected because the Goldstorm System continues at least 700 m to the southeast ; GS19-52 averaged 1 g/t gold over 336 meters with a higher grade core of 2 g/t gold over 87 meters within the upper horizon.

Tudor Gold Exploration Manager, Ken Konkin explained: “Clearly the results of the previously reported deep vertical step-out holes demonstrate the impressive size and grade consistency of the Goldstorm system. Within the overall mineralized package of fragmental intermediate volcanic rocks there are several sub-horizontal horizons of significantly higher gold grades. The uppermost portions of the previously reported holes GS19-42, GS19-47 and GS19-48 contained respectively, 1.268 g/t gold over 252 m, 0.828 g/t gold over 301.5 m and 1.048 g/t gold over 328.5 m. We now have several other drill holes with excellent near-surface gold values to add to this list of growing intercepts. GS19-52 has returned the highest core gold grades of 2.006 g/t Au over 87 m within a 336m intercept of 1.004 g/t Au.

These intercepts are part of the uppermost portion of the Goldstorm system which we refer to as the ‘300 Horizon’. The ‘300 Horizon’ remains open along strike to the northeast as well as to the southeast. In addition, the lower horizons of the Goldstorm system also remain open in all directions and the lowest horizon is open at depth.”

Furthermore, Mr. Konkin added: “We are seeing consistent silver and copper mineralization associated with the deeper gold horizons such as the previously reported 151.5 m zone of 0.572 g/t gold, 8.5 g/t silver and 0.21% copper that was intercepted from 665.0 to 816.5 m in GS19-47 and a 66.0 m zone with 0.958 g/t gold, 3.9 g/t silver and 0.35% copper, whichwas intercepted from 874.5 to 940.5 m in GS19-48. Similarly, we have now seen in GS19-49, a 78 m intercept averaging 1.145 g/t gold, 11.2 g/t silver and 0.21% copper (750-828 m) and in GS19-52 an 88.5 m interval averaging 0.352 g/t gold, 9.3 g/t silver and 0.25% copper (515-603.5 m). 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 hydrothermal system.”

The final three footwall extension holes (GS19-50, GS19-51 and GS19-53) were completed on section 110+00 NE. These were successful in extending the width of the mineralized zone to the southeast:

  • Hole GS19-50 returned an average of 0.602 g/t Au over 577.5 m including 0.811 g/t Au over 267.0 m in the ‘300 Horizon‘
  • Hole GS19-51 returned an average of 0.721 g/t Au over 246 m in the ‘300 Horizon’ and a lower horizon that averages 1.017 g/t Au over 40.5 m.
  • Hole GS19-53 returned an average of 0.984 g/t Au over 147.0 m in the ‘300 Horizon’
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/49176_99c64899f4a48b79_001.jpg

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”.

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.

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

American Creek $AMK.ca Announces Ken Konkin’s Appointment to Vice President for Project Development for Tudor Gold Including the JV Treaty Creek Project $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca

Posted by AGORACOM-Eric at 9:11 AM on Monday, November 4th, 2019

Cardston, Alberta–(Newsfile Corp. – November 4, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) is pleased to extend congratulations to Ken Konkin, PGeo, for his new role at Tudor Gold as Vice President for Project Development. Mr. Konkin was the exploration manager for the hugely successful 2019 drill program on our JV Treaty Creek property. The Treaty Creek property adjoins to the north of Pretium Resources’ Brucejack-Snowfield property and Seabridge Gold’s KSM property, along the geological trend. Drilling at Treaty Creek in 2019 was very successful under the direction of Mr. Konkin, hitting significant mineralization in all 14 holes which reconfirmed a 300m+ gold rich zone close to surface and an extension of mineralization to over one kilometer in depth.

Mr. Konkin has over 35 years of geological experience throughout North and South America as well as Russia. Mr. Konkin worked for Silver Standard for 19 years and managed advanced exploration programs at Manantial Espejo (Argentina), San Luis and Berenguela (Peru) as well as Snowfields (Pretium) in the Golden Triangle, British Columbia. Mr. Konkin was appointed the project manager for Pretium Resources after it purchased the Snowfields-Brucejack project from Silver Standard in 2010. Subsequently, he was instrumental in the discovery of the Valley of Kings deposit at the Brucejack Lake mine, an eight-million-ounce gold deposit currently in production. He spent seven years managing all aspects of the exploration programs at Snowfield-Brucejack. During his tenure with Pretium, the company received the Bill Dennis award in 2013 for a Canadian discovery (presented by the Prospectors & Developers Association of Canada); Mr. Konkin was also the co-recipient of the prestigious H.H. “Spud” Huestis award for “excellence in prospecting and mineral exploration in B.C. and/or Yukon” in 2017.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/49371_0139630cb41929c4_001.jpg


Image of Ken Konkin in the Sulphurets Hydrothermal System in NW British Columbia

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/49371_0139630cb41929c4_001full.jpg

Darren Blaney, CEO of American Creek stated: “Since Ken came on board the Treaty Creek property has been fast tracked and is now looking like a world class property. The knowledge and experience he gained by discovering and developing the neighbouring Brucejack mine is being applied on Treaty Creek and it really shows. Ken clearly has the expertise and credibility to bring the Treaty Creek project to the next level. A world class project deserves a world class VP of Project Development.”

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

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

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.

There is a drill program ongoing at the high-grade, past producing Dunwell Mine. More information on the Dunwell Mine 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

American Creek $AMK.ca Treaty Creek Moves Closer to Eric Sprott’s Prediction of 10 to 20 Million Ounces with Latest Drill Results $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca

Posted by AGORACOM-Eric at 9:43 AM on Thursday, October 31st, 2019
  • 23 holes drilled in the last two years have intersected significant mineralization and dramatically increased the size of the Goldstorm deposit at Treaty Creek
  • Eric Sprott re-emphasized the potential of the project in last Friday’s podcast where he stated that he is “hoping they can prove up a 20-million-ounce deposit”
https://www.sprottmoney.com/Blog/after-three-weeks-going-sideways-gold-and-silver-just-woke-up-weekly-wrap-up-october-25-2019.html

11:30 –“I still believe there’s going to be huge deposit proven up there. If we get the right environment in precious metals, which it looks like we might be getting here, people are going to start looking at these things again, and it could be very, very exciting, so…and I am, kind of, hoping that they can ultimately pull up, like, a 20 million ounce deposit there. So these stocks would prove to be very, very inexpensive”

SUMMARIZING THE 2019 PROGRAM

The Company’s JV partner, Tudor Gold’s 2019 exploration program at the Goldstorm Zone on Treaty Creek totalled 9,781.8 meters with 14 diamond drill holes. This year’s drilling program generated the best near-surface results attained to date on the project. Specifically, in addition to several hundred meters extension along strike to the northeast, the 2019 program significantly expanded the mineralized limits to the southeast, where one of the best near-surface intervals averaged 2 g/t Au over 87m, within 336 m averaging 1 g/t Au in hole GS19-52.

RESULTS OF THE FINAL 5 DRILL HOLES

  • Hole GS19-49 was drilled to 960.1 m, at -80° dip, on Section 111+00 NE next to the previously announced vertical hole GS19-48, which yielded 0.725 g/t Au over 838.5m, including an upper horizon that averaged 1.048 g/t gold Au over 328.5 m. Hole GS19-49 returned equally impressive results with a comparable 0.7 g/t Au over 826.5 m and the upper horizon averaging 1 g/t Au over 249 m 
  • Along the same section, hole GS19-52 (-50° dip at 115° azimuth) was drilled much longer than expected because the Goldstorm System continues at least 700 m to the southeast ; GS19-52 averaged 1 g/t gold over 336 meters with a higher grade core of 2 g/t gold over 87 meters within the upper horizon.

Tudor Gold Exploration Manager, Ken Konkin explained: “Clearly the results of the previously reported deep vertical step-out holes demonstrate the impressive size and grade consistency of the Goldstorm system. Within the overall mineralized package of fragmental intermediate volcanic rocks there are several sub-horizontal horizons of significantly higher gold grades. The uppermost portions of the previously reported holes GS19-42, GS19-47 and GS19-48 contained respectively, 1.268 g/t gold over 252 m, 0.828 g/t gold over 301.5 m and 1.048 g/t gold over 328.5 m. We now have several other drill holes with excellent near-surface gold values to add to this list of growing intercepts. GS19-52 has returned the highest core gold grades of 2.006 g/t Au over 87 m within a 336m intercept of 1.004 g/t Au.

These intercepts are part of the uppermost portion of the Goldstorm system which we refer to as the ‘300 Horizon’. The ‘300 Horizon’ remains open along strike to the northeast as well as to the southeast. In addition, the lower horizons of the Goldstorm system also remain open in all directions and the lowest horizon is open at depth.”

Furthermore, Mr. Konkin added: “We are seeing consistent silver and copper mineralization associated with the deeper gold horizons such as the previously reported 151.5 m zone of 0.572 g/t gold, 8.5 g/t silver and 0.21% copper that was intercepted from 665.0 to 816.5 m in GS19-47 and a 66.0 m zone with 0.958 g/t gold, 3.9 g/t silver and 0.35% copper, whichwas intercepted from 874.5 to 940.5 m in GS19-48. Similarly, we have now seen in GS19-49, a 78 m intercept averaging 1.145 g/t gold, 11.2 g/t silver and 0.21% copper (750-828 m) and in GS19-52 an 88.5 m interval averaging 0.352 g/t gold, 9.3 g/t silver and 0.25% copper (515-603.5 m). 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 hydrothermal system.”

The final three footwall extension holes (GS19-50, GS19-51 and GS19-53) were completed on section 110+00 NE. These were successful in extending the width of the mineralized zone to the southeast:

  • Hole GS19-50 returned an average of 0.602 g/t Au over 577.5 m including 0.811 g/t Au over 267.0 m in the ‘300 Horizon
  • Hole GS19-51 returned an average of 0.721 g/t Au over 246 m in the ‘300 Horizon’ and a lower horizon that averages 1.017 g/t Au over 40.5 m.
  • Hole GS19-53 returned an average of 0.984 g/t Au over 147.0 m in the ‘300 Horizon’
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/49176_99c64899f4a48b79_001.jpg

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”.

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.

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

American Creek $AMK.ca Reports New Findings Regarding Gold Hill Project and Previously Reported Assay Results for First Four Phase One Drill Holes $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca

Posted by AGORACOM-Eric at 11:43 AM on Wednesday, October 23rd, 2019
  • 100% owned Gold Hill property located in the Boulder Creek drainage, a tributary of the Wildhorse River located east of Fort Steele, British Columbia.
  • Re-logging of the drill core has confirmed that much of the gold within several drill core intersections was in fact not reflected in the initial assay results.
  • Hole NS18-01 contained 66.4 g/t gold over 0.2 meters (true width unknown)

Cardston, Alberta–(Newsfile Corp. – October 23, 2019) –  American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) reports that further work is being conducted related to the drill core from the phase one drill program conducted in 2018 on its 100% owned Gold Hill property located in the Boulder Creek drainage, a tributary of the Wildhorse River located east of Fort Steele, British Columbia.

The preliminary program included four diamond drill holes on two sections totaling 2,087 meters of drilling. Nine hundred and twenty-nine (929) drill core samples were analyzed and assay results were reported on March 15, 2019. While management was pleased and very encouraged by the results as there were multiple gold intersections in all 4 preliminary drill holes, it was suspected that the initial assay results did not accurately reflect the amount of gold within the core and may have in fact missed much of the gold due to “nugget effect” and the coarse nature of the gold.

Re-logging of the drill core has now been concluded and this effort, along with further recent prospecting on the property, has confirmed that much of the gold within several drill core intersections was in fact not reflected in the initial assay results. During re-logging of the core visible gold was discovered in quartz veins in at least four new locations where assays indicated only trace or very low grade gold values.

As a first step, several samples have been selected for re-assay which will include screening for metallics in an effort to mitigate against and eliminate the “nugget effect” and get a more accurate assay as to actual gold present. Additional assay results, findings and conclusions will be reported in due course.

2018 Drill Program

The 2018 drill program was conducted to test a Cretaceous age swarm of syenite porphyry dykes intruded into lower and middle Cambrian sediments. Four holes on two sections were drilled (see map below) This is the first time that this package of rocks has ever been drilled.

A high-grade intersection in hole NS18-01 contained 66.4 g/t gold over 0.2 meters (true width unknown). This intersection correlates with prior historic gold values obtained in the area. Car samples and face samples from a drift (small tunnel) driven partially along the hanging wall of a syenite porphyry dyke in 1937 were assayed over a width of 1.5 feet (~0.5m). The car samples averaged 0.43 oz. Au per ton (13.4 g/t), 0.48 oz. (14.9g/t) Ag per ton and 2.3% Pb per ton over 40 feet (12.2m). The face samples along 22 feet (6.7m) averaged at 2.4 oz. Au per ton (74.6 g/t) 2.17 oz. (67.5 g/t) Ag per ton and 5.51% Pb.

About the Gold Hill Project

The Gold Hill property covers approximately 836 hectares and is located along the eastern edge of the Kimberly Gold Trend. The property is road accessible by paved highway to Fort Steele and then by main logging roads to (and through) the property. Driving time from Cranbrook to the center of the property is less than one hour.

The property contains a significant portion of the Boulder Creek drainage, a tributary of the Wild Horse River which is considered to be one of the greatest placer gold rivers in the entire province. Gold rushes have taken place there since the 1860’s that have yielded over 48 tonnes of reported gold, making it Canada’s 4th largest placer producer. The majority of the gold recovered from the Wild Horse was located along a 6 km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). From the point where Boulder Creek enters the Wild Horse River for a distance of 6 kilometers downstream, a minimum of 1.5 million ounces (45,655,215 grams) of placer gold was recovered between 1864 and the 1930’s. In addition, an undetermined amount of placer gold was sold in the United States during this period but no records of the amount are available. The Boulder Creek drainage is the logical source of the placer gold recovered from the Wildhorse River below.

Early efforts by prospectors to locate the source of the Wild Horse placer gold led explorers up Boulder Creek to what is now called the Gold Hill property. Although lode gold was first found in the area by prospectors in the late 1800’s, the Gold Hill property has not been the subject of any systematic modern exploration and prior to this program, the property has never been drill tested.

There are two main highly prospective targets on the property:

1. The Midas / Gold Hill prospect which is situated on the southern part of the property. The Midas is in an area of steep topography and is structurally controlled.

2. The Big Chief prospect which is situated on the northern portion of the property. The Big Chief is located on an area of moderate relief and is formed by hydrothermal activity from intruded syenite dikes of Cretaceous age.

The property is nominally divided into north and south portions by Boulder Creek which flows westerly through the property. Phase 1 of the exploration program focused solely on a portion of the Big Chief prospect. The highly prospective area of the property situated south of Boulder Creek was not explored during 2018. This southern area, which includes high grade gold values in grab samples including 25.14 g/t from the Guggenheim showing, will be included in future phases of exploration.

Total Metal Discussion

Gold values, as tested by initial ICP analysis, ranged from slightly less than 0.5 g/t to 5.68 g/t. With reference to sample 043174 in hole NS18-01, where the initial analysis placed gold at >30,000 ppb (30.0 g/t), total metal analysis of the same sample returned a value of 66.4 g/t. To date, this is the only sample that has been analyzed for total metal. It was originally selected because of the proximal galena and visible gold.

Historical work on the property has noted the presence of metallic gold in samples that is not detected by conventional ICP analysis. A skilled, well trained and experienced Prospector discusses this phenom in Assessment Report 27,173 (Dec. 29, 2004). Again, in AR 34,920, (July 2015) a P. Geo. explained the presence of metallic gold. The following is a direct quote from AR 34,920 by the highly experienced P. Geo. who mapped the property: “work by the original prospectors and miners on the property from 1898 to 1957 did a good job of exposing gold-bearing structures and the related sulphides and gangue minerals. This work demonstrated the course nature of the gold which is commonly visible to the naked eye.”

Darren Blaney, CEO of American Creek stated: “This recent work has confirmed our suspicions that much of the high grade gold in the drill core was missed by the initial assays. While it will be challenging to determine the exact amount of gold we have in the core, we welcome the problem as it means we have successfully discovered multiple intersections of high grade visible, coarse gold in quartz veins in our preliminary phase one program. A further significant step in unravelling the mystery of the potential source of the large quantity of Wild Horse river placer gold collected downstream.”

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/49040_fbdb3d4cd427f896_001.jpg



Figure 1: Image of visible gold found in core at Gold Hill

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/682/49040_fbdb3d4cd427f896_001full.jpg

More pictures of the drill program can be viewed here in the Gold Hill Project photo gallery:https://americancreek.com/index.php/media-page/gallery/category/14-office

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/49040_fbdb3d4cd427f896_002.jpg

Figure 2: Drill Hole Locations

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/682/49040_fbdb3d4cd427f896_002full.jpg

Qualified Person

Frank O’Grady, P.Eng., is the Qualified Person as defined by National Instrument 43-101 for the Gold Hill Project and for this news release.

Important Links

A summary of the Gold Hill project can be found here:
https://americancreek.com/images/Gold_Hill_Summary_2018.pdf

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 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 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

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_001full.jpg



Figure 2: Goldstorm Zone Section 114

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_002full.jpg



Figure 3: Goldstorm Zone Section 111 

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_003full.jpg



Figure 4: Goldstorm Zone Section 109 

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_004full.jpg



Figure 5: Goldstorm Zone Plan View

To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_005full.jpg

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:
https://orders.newsfilecorp.com/files/682/48020_tudor10.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor5.jpg



Figure 2: Goldstorm Zone Section 114

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor6.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor3.jpg



Figure 3: Goldstorm Zone Section 111

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor4.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor1.jpg



Figure 4: Goldstorm Zone Section 109

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor2.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor7.jpg


Figure 5: Goldstorm Zone Plan View

To view an enhanced version of Figure 5 please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor8.jpg

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

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

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