Agoracom Blog Home

Posts Tagged ‘Seabridge Gold’

American Creek $AMK.ca Reports 780m Intercept of 0.683 g/t #Gold Including a Higher Grade Upper Portion of 1.095 g/t over 370.5m in New Hole at Treaty Creek Prompting Mobilization of Second Drill to Project $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca$III.ca $GGI.ca

Posted by AGORACOM-JC at 10:55 AM on Tuesday, July 30th, 2019
AMK:TSX-V
  • 780 Meter Intercept of 0.683 g/t Gold;
  • Including a higher grade upper portion of 1.095 g/t over 370.5 meters in new hole at Treaty Creek
  • Results prompting mobilization of second drill to project
  • Darren Blaney, President and CEO of American Creek, commented: “This is very encouraging as we have our best hole to date at Treaty. Furthermore, in addition to a major extension of the system to the northeast, we are now seeing some high grade gold, silver and base metals showing up in the core. I congratulate Mr. Konkin on delivering the goods. Well done!”

Cardston, Alberta–(July 30, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) (“American Creek”) is pleased to announce results from the first three diamond drill holes at the Goldstorm Zone on the Treaty Creek Joint Venture project, located in the Golden Triangle of NW British Columbia. In light of the favourable results obtained during phase one drilling, a second drill has arrived on-site and has begun drilling for the phase two portion of the program.

Tudor Gold Exploration Manager, Ken Konkin explains: “The Goldstorm system continues to grow rapidly along strike to the northeast and towards the footwall contact zone to the southeast. The best near-surface intercept obtained to-date on the project has been obtained from the latest hole; GS19-42. This is a vertical hole that is a 150m step-out to the northeast from drill hole CB18-39 (0.981g/t Au over 563.8m intercept). The higher grade upper portion of last year’s hole CB18-39 averaged 1.141 g/t Au over 280.5m compared to the same upper mineralized horizon of GS19-42 that averages 1.268 g/t Au over a 252.0 m intercept. The system appears to be gaining strength to the northeast as the depth is now showing to exceed 700m, with an average of 0.683 g/t Au over 780 meters of vertical intercept. The mineralized horizon appear to be near flat-lying with excellent grade consistency between holes along the upper horizon. Exploration efforts will attempt to extend the zone further to the northeast with yet another 150m NE step-out hole from GS19-42.”

Drill holes GS19-40 and GS19-41, were successful in locating the footwall contact zone, which is a very fine-grained strongly silicified volcanic unit. Furthermore, porphyritic intrusive was also encountered at the base of GS19-40, and within GS19-41 that returned anomalous copper and molybdenum values. As well, a strong silver-bearing base-metal system has been seen for the first time in the northernmost hole (GS19-42), within the upper mineralized horizon. Values of 33.51 g/t Au, 1,154 g/t Ag, 2.89% Cu, 5.96% Pb and 1.89% Zn were returned over a 1.5 meter interval from 209.5 m to 211.0 m was a pleasant surprise in the last hole GS19-42.

The following table provides gold composites from the Goldstorm Zone in the first three 2019 drill holes completed:

Table I: Gold Composites for GS19-42, 41 and 40

SECTION HOLE  ID FROM  M TO
M
Interval
(M)
GOLD
(gpt)
112+50NEGS19-4263.5843.57800.683
 including63.5315.52521.268
 including63.5434370.51.095
      
108+00NEGS19-4127.53533250.589
 including47146991.015
 GS19-40233503270.443
 including81.512745.50.907

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

* True widths of the mineralization have not been determined.

Goldstorm Zone Drill Sections 108+00 NE and 112+50 NE and Goldstorm Zone Plan Map are included at the bottom of the news release.

Walter Storm, President and CEO of Tudor Gold, stated: “I am delighted to see that the Goldstorm Zone has been expanded for another 150 meters with this step out drill-hole 42. I am looking forward to potentially expanding the Goldstorm zone again with another 150 meter step out drill-hole, which has started with our second drill.”

Darren Blaney, President and CEO of American Creek, commented: “This is very encouraging as we have our best hole to date at Treaty. Furthermore, in addition to a major extension of the system to the northeast, we are now seeing some high grade gold, silver and base metals showing up in the core. I congratulate Mr. Konkin on delivering the goods. Well done!”

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.

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.

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.


Figure 1: Goldstorm Zone Plan View

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/46636_856d7b85a40a78b9_001full.jpg


Figure 2: Goldstorm Zone Section 112+50 N View 030

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/46636_856d7b85a40a78b9_002full.jpg


Figure 2: Goldstorm Zone Section 108+00 N View 030

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/46636_856d7b85a40a78b9_003full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46636

Significant Developments in B.C.’s Golden Triangle $AMK.ca $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 8:24 AM on Thursday, February 15th, 2018

Hublogolarge2 copy

TREATY CREEK JV PROJECT FINALLY IN THE SPOTLIGHT?

  • BC’s “Golden Triangle” has just experienced its greatest year of mineral exploration in the last decade
  • All indicators are showing that the upcoming 2018 season promises to be far more significant, especially for the Treaty Creek Project and adjoining neighbours

February 15, 2018  – AMERICAN CREEK RESOURCES  TSX-V: AMK

BC’s “Golden Triangle” has just experienced its greatest year of mineral exploration in the last decade. All indicators are showing that the upcoming 2018 season promises to be far more significant, especially for the Treaty Creek Project and adjoining neighbours.

On January 31, 2018 Seabridge stated that the size and grade of their Lower Iron Cap zone (located approximately 600m west of the Treaty Creek property boundary) is so significant that it has the ability to reduce initial capital expenditures and increase initial higher-grade feed for a KSM mine.  This has the potential to dramatically improve the feasibility and to rapidly accelerate the development of the KSM project.

http://seabridgegold.net/News/Article/703/seabridge-gold%27s-growing-iron-cap-deposit-could-offer-promising-alternative-development-approach-for-ksm-project

On February 13, 2018 Seabridge released a new updated resource calculation on the Iron Cap (and Lower Iron Cap zone) of a staggering 25 million ounces gold, 10 billion pounds copper and 170 million ounces silver, all categories included!

http://seabridgegold.net/News/Article/705/seabridge-gold-increases-estimated-gold-copper-resource

This appears to be THE catalyst in advancing the KSM project as analysts recently stated:

“We believe a number of top-tier base metal and gold miners are lining up to offer JV terms to Seabridge on KSM. Based on management commentary, we are pushing this event to April/May next year (2018), from our previous estimate of exit 2017”.

https://www.streetwisereports.com/article/2017/12/07/two-100-owned-projects-have-analysts-talking-about-a-possible-jv-partnership-offer.html

Seabridge moving towards production has very positive implications for Treaty Creek as Seabridge’s feasibility study includes building roads from Highway 37 to within a couple kilometers of the Copper Belle gold zone on Treaty Creek. In order to actually get any gold out of their project, Seabridge has also proposed twin access tunnels to be constructed through the Treaty Creek property. The proposed tunnel route passes through the area in which the Copper Belle and GR2 discoveries are being drilled.

On February 13, 2018 Tudor Gold stated their intention to dramatically increase the scale of the drill program on the Copper Belle zone taking it from 27 holes in 2017 to 50-60 holes this year! Given this increase, the tremendous success of the 2017 drill program, and the maiden resource calculation scheduled to come out shortly, the 2018 Treaty Creek program has the potential to be one of the most significant developments in the Golden Triangle.

Walter Storm, President and CEO of Tudor Gold recently commented on the project. He stated: “As we analyze Treaty Creek from an overview perspective we find a very compelling image:   Our discoveries, as expected, are closely related to the now-famous “Red Line” (Triassic/Jurassic contact), as predicted in the seminal research report by British Columbia government geologists Kyba and Nelson.  The Sulphurets Fault (coincident with the Red Line), weaves its way for over 20 kms from the southern end where the Kerr, Kerr Deep and Valley of the Kings deposits are located, winding its way northward through the Sulphurets, Mitchell, Snowfields, Iron Cap and Iron Cap Deep discoveries before crossing into Treaty Creek and up to the Copper Belle and GR2 zones.  As observed in the Kyba/Nelson research report, major discoveries lie generally within 2 kms of the Red Line and that is the case with all these deposits.  Tudor has a 3 km unexplored gap between the Copper Belle discovery and the Seabridge Gold’s Iron Cap deposit, in which our MagnetoTelluric Geophysics survey identifies strong anomalous targets that have not yet been drilled.  Results from Tudor Gold’s drilling in 2017 show that in the Copper Bell zone, gold mineralization is expanding northward and eastward with improving grades, increasing copper and silver credits, not to mention other promising areas within the zone like Hole CB-17-26 which returned 149.1m of 1.78 g/t gold.

This prolific hdyrothermal system which hosts the many gold deposits of Seabridge Gold and Pretium Resources, as well as the nascent gold mineralization currently being drilled on Tudor Gold’s Treaty Creek property, is known as one of the seven largest hydrothermal systems in the world for hosting porphyry-type mineral deposits of gold and copper-gold (Alldrick).  Moreover, Seabridge Gold’s KSM property is currently recognized as hosting the world’s largest undeveloped reserves of copper and gold.  In close proximity to these reserves are Pretium Resources’ very large, porphyry gold Snowfields deposit and its high-grade, Valley of the Kings gold mine, the latter recently having entered into commercial production.  This is an excellent area in which to be looking for another “elephant” and early indications are that mineralization continues onto the Treaty property, right past an arbitrary line called a ‘claim boundary’.”

Tudor Gold has released an updated presentation that summarizes the past 2017 program and highlights the upcoming plans for 2018.  You can view it here:

https://gallery.mailchimp.com/f28a794636b5d0ba230aa4c1f/files/f32fbd29-a17a-411a-8b53-1bc5ef73dab2/Tudor_PPT_Feb9_18.pdf

For further insights on Treaty Creek and where the project is headed, you can watch this recent interview:

http://americancreek.com/index.php/projects/management-interviews

The exploration season ahead clearly has the potential to be transformational with significant advances being made on both the KSM and the adjoining Treaty Creek Project.

The Treaty Creek Project may finally get the attention and recognition it deserves.

The Treaty Creek Project is a joint venture between Tudor, 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 (American Creek and Teuton are not required to contribute to their proportionate costs until a production notice is given).

A summary of the Treaty Creek Project can be viewed here:

http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three gold/silver properties in the heart of the Golden Triangle; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor, as well as the recently acquired 100% owned past producing Dunwell Mine. 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

Invested in Seabridge Gold $SEA.ca $SA ? Check out American Creek $AMK.ca

Posted by AGORACOM-JC at 10:27 AM on Wednesday, August 30th, 2017

AMK: TSX-V, OTCBB: ACKRF

HIGHLIGHTS

  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
  • Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More

View Our Presentation

American Creek Reports That JV Partner Tudor Gold Plans to Define a Gold Resource at Treaty Creek $AMK.ca

Posted by AGORACOM-JC at 9:35 AM on Monday, June 12th, 2017

Hublogolarge2 copy

  • JV partner and operator Tudor Gold Corp. has announced their 2017 drilling plans and confirmed that they intend to define a gold resource this summer at the Treaty Creek Project located in BC’s “Golden Triangle”
  • Primary goals to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone

CARDSTON, ALBERTA–(June 12, 2017) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that JV partner and operator Tudor Gold Corp. (“Tudor”) has announced their 2017 drilling plans and confirmed that they intend to define a gold resource this summer at the Treaty Creek Project located in BC’s “Golden Triangle” immediately north of, and in the same hydrothermal system as, Seabridge Gold’s KSM project and Pretivm’s Brucejack project.

Tudor, in Friday’s news release, confirmed the main goals for the 2017 Treaty Creek program as outlined in their previous April 4, 2017 news release and stated the following:

“Two of the primary goals of the 2017 exploration program on the Treaty Creek claims are to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone.

James McCrea, PGeo, has been retained to prepare the resource estimates on the Copper Belle and GR2 zones. Mr. McCrea has a wealth of experience as a geologist and resource specialist, including the preparation of resource estimates for other publicly traded companies operating in the Golden Triangle near Stewart, B.C. Mr. McCrea will supervise a drilling plan aimed at carrying out sufficient infill and stepout drilling in the Copper Belle zone to permit a resource estimate based on a 50-metre-by-50-metre drill hole spacing over a surface area of 500 metres by 300 metres. It is anticipated that all holes will be drilled to a minimum depth of 300 metres. Holes showing continuing mineralization may be drilled deeper, and, as warranted, drill casings will be left in place to facilitate further exploration. Additionally, cut channel trenching will be employed in areas where mineralization crops out on surface.

As also detailed in the press release of April 4, 2017, the 2017 drill results will be used to further interpret and validate the results of the magnetotellurics (MT) survey carried out in 2016. Through that process, the results of the MT survey will become even more useful in guiding further exploration toward expanding mineral resource estimates.

Raul Sanabria, PGeo, has designed a drilling plan for the GR2 zone which will focus on delineating the high-grade gold zone found in hole GR2-09-07 and extending the known mineralized zone along strike for 500 metres and downdip for another 500 metres.

More Core Diamond Drilling Services of Stewart, B.C., will carry out all the diamond drilling in 2017. More Core has extensive experience drilling on the Treaty Creek claims for both Tudor Gold and prior rights holders. More Core will dedicate two drill rigs to the Treaty Creek project, with drilling to commence as soon as the snowpack has melted enough to ensure safe, logistically feasible operations.”

Darren Blaney, President and CEO of American Creek stated: “We are very pleased and excited to see the Treaty Creek Project take a major step forward this summer with Tudor beginning work on developing resource estimates for both the Copper Belle and GR2 gold zones. In addition, with the 2016 MT survey indicating that mineralized zones extend towards Seabridge’s Iron Cap zone (located within 1 km of the Treaty Creek claim boundary), we will be closely watching the outcome of Seabridge’s significant 2017 drill program planned for the Deep Iron Cap zone as they follow up on their spectacular drill hole IC-16-62 from last summer.”

The Treaty Creek Project is a joint venture between Tudor, 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).

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three “Golden Triangle” gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King.

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.

Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

INTERVIEW: American Creek Discusses the Invaluable addition of Jeff Kyba P.Geo to the Team $AMK.ca

Posted by AGORACOM-JC at 8:10 AM on Tuesday, January 31st, 2017

  • American Creek Resources is a precious metals exploration company with an impressive portfolio of high-potential gold and silver projects in British Columbia.  These include properties in B.C.’s prolific Golden Triangle, one of the richest areas of mineralization in the world.
  • MTJLS Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Hub On AGORACOM / Corporate Profile / Watch Interview!

INTERVIEW: Walter Storm’s Tudor Gold Commences MT Survey At Treaty Creek $AMK.ca $TUD.ca $SEA.ca

Posted by AGORACOM-JC at 4:04 PM on Wednesday, August 3rd, 2016

American Creek Resources is a precious metals exploration company with an impressive portfolio of high-potential gold and silver projects in British Columbia.  These include properties in B.C.’s prolific Golden Triangle, one of the richest areas of mineralization in the world.

Hub On AGORACOM / Corporate Profile / Watch Interview

INTERVIEW: American Creek Discusses Joint Venture Agreement with Walter Storm’s Tudor Gold Corp. $AMK.ca

Posted by AGORACOM-JC at 5:26 PM on Wednesday, May 11th, 2016

  • American Creek Resources is a precious metals exploration company with an impressive portfolio of high-potential gold and silver projects in British Columbia.  Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Hub On AGORACOM / Watch Interview

Why Investors Of Seabridge Gold Need To Discover American Creek Resources $AMK.ca

Posted by AGORACOM at 10:02 AM on Thursday, April 21st, 2016

   

If you’re a shareholder of Seabridge Gold, then you should take a few minutes to discover American Creek Resources and its Treaty Creek property.  For your convenience, here is quick summary of the connection between Treaty Creek and Seabridge’s KSM Project

======================

Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world.KSM has just past the environmental and permitting stage while the Brucejack is in construction phase.

Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on the neighbours claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.

The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.

For more information about American Creek Resources, please visit their complete profile On AGORACOM.