- American Creek has broken out technically and is at a 52 week high
- Has not seen this price since 2011
- Gold Bull Market accelerating toward $1900 driving AMK
- Third Drill onsite accelerating drilling production at Treaty Creek
- World Classs Asset being developed
- Located next to the world’s largest undeveloped gold deposit by reserves in B.C.’s Golden Triangle (KSM)
- 2020 Drill Holes have already been shipped to the lab for assays.
American Creek has a Fully Carried 20% Interest in the Treaty Creek Project
- The currently known length of the northeast axis of the Goldstorm system is 850 meters and the southeast axis is 600 meters by 700m depth.Â
- Mineralization depth in the north continues to 1,200m
- The system remains open in both directions and in depth Â
- The total size of this mighty gold system has expanded significantly with each step-out borehole Â
- The richest mineralization at ‘Treaty Creek’ starts near the surface extending to a 300m depth
- The gold system is open on all sides and the geology and geophysics indicate a much larger system than has been defined. Â
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. 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 ridesâ€.
World Classs 2019 Drill Results:
- Drill hole GS19-42: 0.849 g / t Gold Eq over 780 meters including 1.275 g / t Gold Eq over 370.5 meters in the 300 Horizon section;
- Hole GS19-47: 0.697 g / t Gold Eq over 1,081.5 meters including 0.867 g / t Gold Eq over 301.5 meters in the 300 Horizon section;
- Drill hole GS19-52: 0.783 g / t gold Eq over 601.5 meters incl. 1.062 g / t gold over 336.0 meters in the 300 Horizon section;
- Hole GS19-48: 0.793 g / t Gold Eq over 927.0 meters;
- Hole GS19-49: 0.800 g / t gold Eq over 826.5 meters including 1.080 g / t gold over 249 meters;
- Hole GS19-50: 0.681 g / t Gold Eq over 577.5 meters; Hole CB-18-39: 1,086 g / t Gold Eq over 563.8 meters
Proximity to KSM:
- Seabridge Gold is the adjacent neighbor to Tudor Gold’s Treaty Creek project and plans to bring the “KSM project†into production with an initial cost of capital of $5.4 billion est.
- Tudor’s Treaty Creek project is significantly closer to key infrastructure such as highway and electricity than its neighbor Seabridge Gold.
- Lower capital costs to build a mine at Treaty Creek is advantageous over SEA.
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.
- 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
Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces, #SII, #sprott, #TaviCosta