- Intersected various mineralized zones
- Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
- Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
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FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek north of, and in the same system as #Seabridge $AMK.ca $SA $SEA.ca
Posted by
at 10:54 AM on Tuesday, April 10th, 2018
#Gold Climbs After #China Imposes Tariffs $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.a $MQR.ca
Posted by
at 11:41 AM on Monday, April 2nd, 2018
American Creek Reports $AMK.ca That JV Partner Tudor Gold $TUD.ca Has Targetted Sulphurets Thrust Fault Convergence Area Next to Iron Cap Deposit for $SEA $SA $PVG
Posted by
at 9:13 AM on Friday, March 2nd, 2018
- Identified new high-priority exploration target for 2018 on the Treaty Creek Property
- Recent news from Seabridge Gold prompted Tudor to schedule the Sulphurets Thrust Fault Convergence Area as a priority exploration target
Cardston, Alberta–(March 2, 2018) – American Creek Resources Ltd. (TSXV: AMK) (the “Corporation”) is pleased to announce that JV partner Tudor Gold (“Tudor”) has identified a new high-priority exploration target for 2018 on the Treaty Creek Property. Recent news from Seabridge Gold on the improving gold grades and growing size of their Iron Cap Deep discovery, combined with data from Tudor’s EM, Mag & MT geophysical surveys, has prompted Tudor to schedule the Sulphurets Thrust Fault Convergence Area as a priority exploration target for 2018.
Proposed Exploration Plans for 2018
Copper Belle Zone
The Copper Belle zone will remain a top priority as Tudor continues step-out drilling to the NE where gold grades over long intercepts have been improving. This drilling will provide the geo-data required to build out Tudor’s preliminary resource estimate.
GR2 (including HC & RR), Orpiment, Konkin and AW Zones
Field geologists will continue surface exploration on these secondary targets with mapping, sampling and geochem analysis of the Konkin zone with 1.2m of 870 g/t gold, and the AW zone where float specimens ran up to 255 g/t gold. The Konkin and AW zones are located between the Copper Belle, Iron Cap and Sulphurets Dome. Detailed plans will be announced once finalized.
Sulphurets Thrust Fault Convergence Area
A prominent EM anomaly is located on the northeast side of the Sulphurets Dome between the Brucejack, Sulphurets and Iron Cap thrust faults. The 23 km Sulphurets Fault hosts the Kerr, Deep Kerr, Sulphurets, Mitchell, Snowfields, Iron Cap and Iron Cap Deep deposits. The Brucejack Fault hosts Pretium’s Valley of the Kings Mine and converges with the Sulphurets Thrust Fault inside the Treaty Creek Property.
Below, is a B.C. government map with ‘fault overlay’ that clearly shows the numerous faults in the Sulphurets Convergence Area. This is part of the Sulphurets Hydrothermal System which is considered to be one of the seven largest in the world, hosting one of the greatest concentrations of metal value on the planet: including the largest undeveloped gold/copper deposits (Seabridge’s KSM/Iron Cap) in the world by reserves containing 38.8 million ounces gold and 10.2 billion lbs copper. The northern half of this Sulphurets Hydrothermal System is inside the Treaty Creek Property. The geology, geophysics, fault systems and Jurassic/Triassic contact support the potential for additional discoveries within this hydrothermal system as stated in independent reports by respected geologists: Alldrick, 1988; Sillitoe, 2010; Savell, 2012; Kruchkowski, 2014; Alldrick, 2014; Nelson/Kyba, 2014.
Measured as a linear surface track, 52% of the thrust faults comprising the Sulphurets Hydrothermal System are within the Treaty Creek boundary as shown by the converging fault systems in the map below. The Sulphurets Thrust Fault in this area also divides the Triassic Stuhini rock group from the Jurassic Hazelton rock group (southeast side of the fault). This Triassic/Jurassic contact is also known as the Kyba Red Line, based on the seminal government research report co-authored by JoAnne Nelson and Jeff Kyba in 2014.
BC Government Mineral Titles Map with Geological Fault Overlay
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/33243_image1.jpg
On the map below, in the lower left hand corner, you can see an anomaly that is cut-off at the limits of the EM survey adjacent to Seabridge’s Iron Cap Deep high-grade gold deposit. A similar anomaly is located at the right-center of the map northeast side of the Sulphurets Dome.
The exploration concept Tudor is working on for the Sulphurets Dome area is based on the following observations:
- mineralization is associated with the Sulphurets Fault hanging wall
- deposit discovery potential will continue along Sulphurets Fault
- the Sulphurets Fault is coincident to the Kyba Red Line
- mineralization grade is improving as the Sulphurets Fault moves towards Treaty Creek: “Drilling at Iron Cap confirms major extension of deposit with some of the best grades to date at KSM” (Seabridge Gold news release November 9, 2017)
EM Geophysical Survey of Sulphurets Thrust Faults
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/33243_image2.jpg
Walter Storm, President and CEO, stated: “We congratulate Seabridge on their successful drill campaign at the Iron Cap Deep deposit. The Iron Cap drill results, the continuation of the Sulphurets Thrust Fault into Treaty Creek, our EM, Mag and MT geophysical surveys, our extensive geo-database, as well as our growing experience at Treaty Creek are the key components of modern exploration that produce new discoveries.”
AMERICAN CREEK AND TUDOR AT PDAC 2018
American Creek will be exhibiting in booth #2351 at PDAC 2018 which gets underway on March 4, 2018.
Tudor will have booth #3346.
All shareholders and other interested parties who are able to attend are invited to stop by and say hello! We look forward to talking with you.
Qualified Person
The Qualified Person for the analytical information in this new release 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 of the disclosure contained in this news release.
Background on the Treaty Creek Project
The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.
Tudor conducted a very successful major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle. A preliminary resource estimate on the Copper Belle zone is now being calculated and will be released once completed.
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).
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.
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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.
AGORACOM Clients Attending PDAC 2018 $AMK.ca $EXS.ca $GGX.ca $GZD.ca $HPQ.ca $MQR.ca $NAM.ca
Posted by
at 4:00 PM on Thursday, March 1st, 2018
Exploring B.C.’s Prolific Golden Triangle, Adjoining Pretivm and Seabridge Gold
Recent drill program intersected 337.5m of continuous mineralization grading 0.76 g/t gold
Booth Number: 2351
——————————–
Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold,
13 KM From Downtown Timmins
Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date
Booth Number: 2122
——————————–
Gold Drop Property Within Multi-Million Ounce Production Region
Booth Number: 3112B & 2951
——————————–
More than 9M oz of Gold Produced or As Resources Nearby
Portions of Grizzly’s Greenwood Project being explored by Kinross
Booth Number: 3020
——————————–
Learn About the PUREVAP(TM) Project and it’s Potential to Disrupt the Solar Industry
Booth Number: 2145
——————————–
Gold Producer With Recent Quarterly Revenue of $10.3M
Located in one of the best mining jurisdictions in Canada
Booth Number: 2417A
——————————–
Among North America’s Leaders in PGM & Lithium Exploration
Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources
Hospitality Suite
SUITE 1201, Strathcona Hotel, 60 York Street
The Hotel is directly across from the Royal York Hotel
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Sovereign Wealth Funds Investing In #Gold For “Long Term Returns†– PwC $AMK.ca $EXS.ca $MQR.ca
Posted by
at 10:50 AM on Tuesday, February 13th, 2018
- Gold has outperformed equities and bonds over the long term – PwC Research
- Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table)
- From 1971 to 2016 (45 years), “gold real returns were approximately 10% while inflation increased 4%â€
- Gold also valuable due to lack of correlation and hedge against inflation, currency devaluation and uncertainty
Source: PwCÂ Research via Bloomberg and WGC data
In new research, entitled ‘The rising attractiveness of alternative asset classes for Sovereign Wealth Funds‘ PwC explain how gold is viewed as an important diversifier by sovereign wealth funds, as both an important hedge and for long term returns.
PwC now class gold as a ‘re-emerging asset class’ on the basis of its long-term out performance of stocks and bonds, low correlation with traditional assets, resilience and high liquidity.
Gold along with private equity, real estate and infrastructure now accounts for 23% of a total $7.4 trillion of assets under management by sovereign wealth funds.
The report notes that from a peak of 40% in 2013, sovereign wealth funds’ investment into fixed income instruments such as government bonds declined to 30% by 2016. Due to record low bond yields, the funds decided to turn their attention to alternative assets to enhance returns.
The report notes the impressiveness of both gold’s long-term performance and low correlation to other assets in the long-term, compared to other alternatives.  In the short-term the benefit of gold’s liquidity is noted:
“[It] has one of the highest rates of daily volumes exchanged and can provide protection against short and medium term market corrections.â€
The 23% allocation is expected to increase going forward, despite slight increases in rates recently and because of the likelihood of continuing very low interest rates.
This report comes at a time when we are seeing a growing interest by both large institutions and family offices in gold investment.
Like sovereign wealth funds, they are encouraged by gold’s long-term returns, high liquidity and resilience against economic shocks.
Long term outperformance to traditional asset classes
As we have seen in recent years gold, like all assets, has periods when it underperforms. This has been in the short-term in the last 3 to 5 years, but in the long-term – such as a 10, 20 or 40 year period, it is an entirely different story.
Indeed, gold’s recent underperformance, makes its long term outperformance all the more impressive.
The report shows that in the last ten years, gold delivered returns of 6.7% per annum, outperforming equities and bonds which returned just 4.9% and 4.5% respectively. This return was slightly greater over a 20-year period when gold returned 6.8% per annum, compared to equities and bonds which returned just 5.2% and 5.2%.
Over the long term, gold is one of the top three performing assets along with real estate and private equity.
“Gold’s long-term performance is attributed to three factors: increased demand from emerging markets, central banks becoming net buyers, and the emergence of new products, such as gold-based ETFs, which have simplified investing and made the material more accessible.â€Â – PwC
PwC also note the importance of gold when it comes to protecting against currency devaluation:
“By introducing alternatives into the portfolio, the value of investments can be protected against a possible decrease in purchasing power of the currency the investments are denominated in. This can be done through instruments whose returns are somehow linked to inflation or have perceived intrinsic value. Assets with perceived intrinsic value, such as commodities, should increase in price alongside CPI. In cases of extreme inflation for example, gold has historically performed well, outpacing that inflation by 10%…gold performed well during inflationary periods. For example, from 1971 to 2016, gold real returns were approximately 10% while inflation increased 4% year-over-year.â€
Gold doesn’t follow: Low correlation with traditional asset classes
“Gold can be a useful addition to investment portfolios compared to other commodities, due to lower correlation with traditional asset classes. Between June 1997 and June 2017, the correlation between gold and equity returns was close to zero (-0.07), thus showing its diversification benefit. The asset class maintains only a negative correlation over a ten-year period as well, standing at -0.05. Gold is more correlated with bond returns, standing at 0.58 on a ten-year basis, and at 0.28 on a twenty-year correlation (see Figure 27)…Gold has, over all considered time periods, no statistically significant correlation with hedge funds, private equity, infrastructure, and real estate.â€
As with the other factors discussed by PwC this is pertinent for all considering investing in gold, from retail and pension investors, larger institutions and family offices. Much of gold’s low correlation is due to the fact that it is less affected by economic cycles and geo-political risks than other financial assets. This means it shows resilience at times when others are showing weakness.
This has been seen in recent days when stock markets saw massive volatility and very sharp corrections and gold was essentially flat. Year to date in 2018, gold is nearly 1.7% higher while many stock indices are down sharply – Euro Stoxx 50 is down more than 4% year to date.
Resilient asset class during crises and instability
The gold price performs well in times of financial crises and extreme market events. During these times the correlation benefits become even more important, so it can provide portfolio insurance since it minimises portfolio losses. Â PwC explain that this is what distinguishes gold from other assets:
 
“Gold has delivered negatively correlated returns when equity indices, such as S&P 500, have plummeted. Figure 28, 29, and 30 show gold’s performance during episodes of acute market crisis (GFC and the Sovereign Debt Crisis I and II). In these cases, the gold price started to rise significantly as the S&P 500 index decreased. Generally speaking, the gold price per ounce rose as investors perceived uncertainty in the stock markets, and decreased as these markets gave signs of normalisation.â€
After the bloodbath of the last week, S&P500 investors will be interested to hear how gold correlates to the marketâ€
“Among alternatives, when examining the correlation of returns with the S&P 500 index, gold is an excellent diversifier presenting the lowest correlation on a five-, ten-, and twenty- year basis (0.04, -0.05, -0.07 respectively).â€
Liquid gold
The asset is particularly liquid in contrast to many of the other assets considered by SWFs, this is something very beneficial according to PwC:
â€Â Stabilization funds may, in particular, benefit from adding gold among their holdings as they are required to hold highly liquid assets to counter the effects of sudden macroeconomic shocks.
Gold has distinguished itself from other alternative asset classes as it has been more liquid, with USD 224 bn traded on average on a daily basis in 2016″.
Conclusion: Investment and pension case for gold is strong
PwC do not beat about the bush when it comes to their positivity towards  gold as an investment. They synopsise and elucidate many of gold’s benefits which we have long been highlighting in recent years:
“All these features suggest that gold as an investment class can offer reliable support, not only during uncertain market and political conditions, such as periods of high inflation, stock market crashes, and geopolitical instability, but also under normal market conditions.â€
They clearly see gold as playing a crucial role in the portfolios of sovereign wealth funds and indeed the majority of investors across the spectrum.
“The investment case for gold, during periods of market uncertainty, has proven to be strong, with the price of gold having surged rapidly and having countered the negative effects of adverse market conditions. Hence, investors can consider gold for diversification and long-term performance.â€
Pwc Report on gold can be accessed here
Watch the PwC World Gold Council interview about the report here
Related Content
Research: Gold As a Safe Haven Asset
CNBC: Is gold the ultimate safe haven?
News and Commentary
Gold steady on weaker dollar ahead of U.S. price data (Reuters.com)
Asian markets continue upswing as global rebound continues (MarketWatch.com)
Gold recoups half of last week’s loss as dollar softens (MarketWatch.com)
U.S. runs January budget surplus of $49 billion, Treasury says (MarketWatch.com)
VIX manipulation costs investors billions, whistle-blower tells CFTC (Bloomberg.com)
Source: Goldchartsrus via Goldseek
Silver Expected To Rise After Drop Versus Gold – Everbank (GoldSeek.com)
Gold demand in technology sector advances in 2017 for the first time since 2010 (ScrapRegister.com)
Insider trading has been rife on Wall St – The Economist (Economist.com)
The Fed’s Impossible Choice, In Three Charts (DollarCollapse.com)
When Will It End? Bloodied Traders Are Seeking Clues (Bloomberg.com)
Gold Prices (LBMA AM)
13 Feb: USD 1,329.40, GBP 955.04 & EUR 1,077.61 per ounce
12 Feb: USD 1,321.70, GBP 955.19 & EUR 1,077.45 per ounce
09 Feb: USD 1,316.05, GBP 945.58 & EUR 1,072.84 per ounce
08 Feb: USD 1,311.05, GBP 944.87 & EUR 1,071.13 per ounce
07 Feb: USD 1,328.50, GBP 956.12 & EUR 1,075.95 per ounce
06 Feb: USD 1,344.65, GBP 962.50 & EUR 1,083.52 per ounce
05 Feb: USD 1,337.10, GBP 947.20 & EUR 1,072.49 per ounce
Silver Prices (LBMA)
13 Feb: USD 16.61, GBP 11.94 & EUR 13.46 per ounce
12 Feb: USD 16.43, GBP 11.86 & EUR 13.39 per ounce
09 Feb: USD 16.36, GBP 11.83 & EUR 13.37 per ounce
08 Feb: USD 16.35, GBP 11.70 & EUR 13.36 per ounce
07 Feb: USD 16.69, GBP 12.02 & EUR 13.52 per ounce
06 Feb: USD 16.81, GBP 12.07 & EUR 13.59 per ounce
05 Feb: USD 16.88, GBP 12.01 & EUR 13.56 per ounce
Source: http://news.goldseek.com/GoldSeek/1518511260.php
American Creek $AMK.ca reports on Treaty Creek Drilling up to 94.5m of 0.75 g/t Gold, Including 76.5m of 0.86 g/t #Gold $SEA $SA $SKE.ca $TUD.ca $PVG
Posted by
at 9:10 AM on Thursday, February 1st, 2018
- Reports on the last hole from JV partner Tudor Gold’s (“Tudorâ€) 2017 drill program on the Copper Belle zone at the Treaty Creek
- Stepout hole which intersected various mineralized zones, including 94.5 metres of continuous mineralization grading 0.75 gram per tonne gold from 84.5 m to 179.0 m depth.
- Zone included a higher-grade intercept of 76.5 m grading 0.86 g/t gold from 99.5 to 176.0 m.
Cardston, AB – American Creek Resources Ltd (TSX-V: AMK) (the “Corporationâ€) is pleased to report on the last hole from JV partner Tudor Gold’s (“Tudorâ€) 2017 drill program on the Copper Belle zone at the Treaty Creek Project located in the Golden Triangle of northwestern British Columbia.
Assays have now been received for all holes drilled in 2017. The final hole being reported on is CB-17-29. It was a stepout hole which intersected various mineralized zones, including 94.5 metres of continuous mineralization grading 0.75 gram per tonne gold from 84.5 m to 179.0 m depth. That zone included a higher-grade intercept of 76.5 m grading 0.86 g/t gold from 99.5 to 176.0 m. Hole CB-17-29 was an 806 m hole collared adjacent to the west side of the Treaty Creek glacier where glacier meltback has exposed new opportunities for exploration access.
Hole CB 17-29 was drilled on the same pad as CB-17-24. That pad is down-slope and 166 m south of the CB-16-03 pad. Hole CB-16-03 graded 1.11 g/t Au over 58 m from 88 to 146 m and 0.97 g/t Au over 122 m from 304 to 426 m.
Drill results for hole CB-17-29 are summarized in the table below:
TREATY CREEK DRILL RESULTS
“For our third season on Treaty Creek our primary goals will focus on: 1. expanding our Copper Belle resource; 2. determining if we have a multiple deposit environment like Seabridge’s KSM/Iron Cap mineralized systems; and 3. using all accumulated data to generate our first preliminary resource estimate.
“On the Copper Belle zone, we will continue with: stepout drilling to the northeast where gold grades have been improving; additional stepout drilling in the central area around hole 26; plus drilling southward from the Copper Belle discovery hole.
“Exploration will also continue along the MT anomalous gap between Iron Cap and Copper Belle where two exposures identified in historical data reported very high-grade gold assays. The first at the Konkin zone with 1.2 m of 870 g/t gold, and the AW zone, approximately 1.3 kms further south of Konkin, where float specimens ran up to 255 g/t gold.
“Further exploration will take place on the GR2 project to enhance our understanding of that high-grade VMS zone. The final details of the 2018 exploration program will be released in due course.”
Darren Blaney, President and CEO of American Creek stated: “Now that we have all the 2017 results back, we eagerly anticipate the upcoming Copper Belle resource calculation. Having a definable resource at Treaty Creek is a major step forward in the advancement of the project as well as for American Creek itself.â€
The Copper Belle 2017 resource delineation drill program comprised 27 holes to depths below 700m (an estimated 13,722m) and step-outs of 50m where topography permitted. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations using a Reflex Multi-shot device.
Tudor’s 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the drill program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that the mineralized zone continues in all directions. Tudor’s 2017 drill program was located five kilometers north of the Iron Cap deposit.
Drill location map:Â http://orders.newsfilecorp.com/files/4494/32192_a1516623095073_39.jpg
The Qualified Person for the Treaty Creek results in this new release is James 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.
More information related to the success at the Treaty Creek project is available by watching this recent interview conducted a few days ago:Â https://www.youtube.com/watch?v=eSHZj4hmNwM
Background on the Treaty Creek Project
The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine, both of which are located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.
Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the drill program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle.
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).
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
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
Â
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.
FEATURE: American Creek $AMK.ca encounters high grade #Gold #Silver at Treaty Creek north of, and in the same system as #Seabridge Gold $SEA $SA $SKE.ca $TUD.ca $PVG
Posted by
at 4:26 PM on Monday, January 29th, 2018
- Intersected various mineralized zones
- Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
- Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
- Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
INTERVIEW: American Creek $AMK.ca Discusses Multitude of Success on Treaty Creek Drilling with Grades of 337.5m of 0.76 g/t, Including 124.5 m of 0.98 g/t #Gold $SEA $SA $SKE.ca $TUD.ca $PVG
Posted by
at 8:33 AM on Friday, January 26th, 2018
American Creek $AMK.ca reports on Treaty Creek Drilling up to 337.5m of 0.76 g/t #Gold, Including 124.5 m of 0.98 g/t Gold $SEA $SA $SKE.ca $TUD.ca $PVG
Posted by
at 9:09 AM on Tuesday, January 23rd, 2018
- Intersected various mineralized zones
- Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
- Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
January 23, 2018Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â TSX-V: AMK
Cardston, AB – American Creek Resources Ltd (TSX-V: AMK) (the “Corporationâ€) is pleased to report on an additional three holes from JV partner Tudor Gold’s (“Tudorâ€) 2017 drill program on the Copper Belle zone at the Treaty Creek Project located in the Golden Triangle of northwestern British Columbia.
CB-17-27, a step-out hole drilled on the Copper Belle zone, intersected various mineralized zones where the most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth, including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m. Hole CB-17-27 was a 602m hole that was collared adjacent to the west side of the Treaty glacier where ice ablation (glacier melt-back) has exposed new opportunities for exploration access. Hole CB-17-27 is 81m southeast of CB-16-03 that graded 1.11 g/t Au for 58m from 88 to 146m; and 0.97 g/t Au for 122m from 304 to 426m. Hole CB-16-03 was drilled uphill at a higher elevation. For locations of the other holes in this News Release please see the map.
Drill results for holes CB-17-27, CB-17-28 and CB-17-30 are summarized in the table below:
Walter Storm, President and CEO, 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.â€
“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’.”
Darren Blaney, President and CEO of American Creek stated: “At this very preliminary stage of exploration, we have already located significant zones of higher grade gold within the Copper Belle system. Including wide intersections of higher grade close to surface. Those higher grade sections add great promise as to the potential of the project going forward. Further, the MT Survey suggests that this deposit is open in all directions, including towards Seabridge’s Iron Cap discovery located several kilometers to the south.â€
“Of major significance is the fact that both the Copper Belle and GR2 are situated on the northern side of the mountains and glacier…the same mountains and glacier that has forced Seabridge Gold to propose an expensive twin tunnel system in order to tunnel under the glacier to access their KSM project gold located to the south. Being advantageously located on the northern side, the Copper Belle and GR2 do not require tunnels for access and are in fact located closer to critical infrastructure…and with much improved logistics.â€
The Copper Belle 2017 resource delineation drill program comprised 27 holes to depths below 700m (an estimated 13,722m) and step-outs of 50m where topography permitted. Results from drill hole CB-17-29 at Copper Belle are still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations using a Reflex Multi-shot device.
Tudor’s 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the drill program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that the mineralized zone continues in all directions. Tudor’s 2017 drill program was located five kilometers north of the Iron Cap deposit and Tudor intends to step out to the south in its 2018 program to see if it can determine a relationship between the two areas.
Drill location map:Â http://orders.newsfilecorp.com/files/4494/32192_a1516623095073_39.jpg
The Qualified Person for the Treaty Creek results in this new release is James 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.
Background on the Treaty Creek Project
The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine, both of which are located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.
Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the drill program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle.
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).
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
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
American Creek $AMK.ca Reports on Treaty Creek Drilling up to 149.1m of 1.78 g/t Gold, Including 59.2m of 2.84 g/t #Gold $SEA $SA $SKE.ca $TUD.ca $PVG
Posted by
at 9:47 AM on Tuesday, January 16th, 2018
- Hole CB-17-26, returned 149.1m grading 1.78 g/t gold (from 97.8 to 246.9m),
- including a 59.2m interval of 2.84 g/t gold (from 97.8 to 157m depth)
American Creek Resources Ltd (TSX-V: AMK) (the “Corporationâ€) is pleased to report on an additional 17 holes from JV partner Tudor Gold’s (“Tudorâ€) 2017 drill program on the Copper Belle zone at the Treaty Creek Project located in the Golden Triangle of northwestern British Columbia.
The summary of results provided in the table below, include the most promising gold intersections reported to date. Hole CB-17-26, returned 149.1m grading 1.78 g/t gold (from 97.8 to 246.9m), including a 59.2m interval of 2.84 g/t gold (from 97.8 to 157m depth). So far, 15 of the 16 holes drilled in the Copper Belle zone contain prominent mineralization, which continues to expand the size of this potential deposit and increases the area of the resource estimate for this zone.
Walter Storm, President and CEO of Tudor Gold, stated: “The outstanding interval of gold mineralization in Hole CB-17-26–149m of 1.78 g/t gold–contains the highest average gold grade yet recorded for porphyry style mineralization on the Treaty Creek property. It also ranks among the top tier, in terms of gold grades, of the hundreds of holes drilled during the past fifteen years into multiple porphyry targets on the adjoining KSM and Brucejack-Snowfield properties of Seabridge Gold and Pretium Resources, part of the same, large hydrothermal “Sulphurets†system. The fact that we have achieved these kinds of grades in only our second year after acquiring Treaty Creek speaks both to the potential of the property and also the expertise of our geological staff. This hole will serve to further guide our exploration at Copper Belle in 2018, as well as the more than 3km of ground yet to be explored between the Copper Belle and the Iron Cap Zone of Seabridge Gold to the south, an area defined by extensive magnetotelluric anomalies.â€
Darren Blaney, President and CEO of American Creek stated: “Hole CB-17-26 is a game changer for the Treaty Creek Project. At this very preliminary stage of exploration, we have already located a significant zone of higher grade gold within the Copper Belle system. Further, the MT Survey suggests that this deposit is open in all directions, including towards Seabridge’s Iron Cap discovery located several kilometers to the south. What a terrific foundation for the upcoming 2018 drill program to expand upon.â€
The Copper Belle 2017 resource delineation drill program comprised 27 holes to depths below 700m (an estimated 13,722m) and step-outs of 50m where topography permitted. Results from additional drill holes of the 2017 drill program at Copper Belle are still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations using a Reflex Multi-shot device.
Tudor’s 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the drill program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that the mineralized zone continues in all directions. Tudor’s 2017 drill program was located five kilometers north of the Iron Cap deposit and the Company intends to step out to the south in its 2018 program to see if it can determine a relationship between the two areas.
A drill map of the Copper Belle can be found here: https://orders.newsfilecorp.com/files/4494/32005_tudor1enhanced.jpg
The Qualified Person for the Treaty Creek results in this new release is James 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.
Background on the Treaty Creek Project
The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings Mine, both of which are located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.
Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the drill program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle.
Seabridge Gold’s proposed development plan for their KSM Project includes an access tunnel system through the Treaty Creek property as a key component. The Copper Belle and GR2 deposits located on the Treaty Creek property are both situated in the area in which Seabridge is proposing to construct tunnels connecting their KSM gold deposits with critical infrastructure such as the mill and tailings facilities.
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
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116005777/en/
American Creek Resources Ltd
Kelvin Burton, 403-752-4040
[email protected]
www.americancreek.com