Posted by AGORACOM
at 9:20 AM on Tuesday, December 31st, 2019
Cardston, Alberta–(December 31, 2019) – American Creek Resources
Ltd. (TSXV: AMK) (OTC Pink: ACKRF) (“American Creek”) (“the
Corporation”) is pleased to report that Canadian billionaire Eric Sprott
has invested an additional $2,900,000 in our JV partner Tudor Gold for
the upcoming 2020 drill program on Treaty Creek, located in the “Golden
Triangle” of Northwestern British Columbia.
The 2019 drilling at Treaty Creek was very successful and produced
some of the most significant gold intercepts in the exploration
industry. The focus has been on the gold enriched Goldstorm Zone which
is on trend with Seabridge Gold’s Iron Cap Zone located approximately
five kilometers to the southwest. Drilling was designed to define a gold
deposit with the potential of being open pit mined.
The Treaty Creek Project is a joint venture with Tudor Gold owning
3/5th and acting as project operator. American Creek and Teuton
Resources each have a 1/5th interest 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”.
Darren Blaney, CEO of American Creek stated: “Mr. Sprott has now made
multiple significant investments in Tudor Gold in 2019 for the
development of the Treaty Creek property. On December 13, 2019 Mr.
Sprott stated: “Treaty Creek has a great shot at having 20 million
ounces, the holes are so deep, they have a thousand-meter holes that are
running close to a gram a ton and it’s wide open, so I’m very excited
about the opportunity there”. He continues to put his money where
his mouth is and has given another huge endorsement to the Treaty Creek
project with this latest significant injection of cash. He also made two
prior $1,000,000 investments in American Creek earlier in 2019.”
The Treaty Creek Project lies in the same hydrothermal system as
Pretium’s Brucejack mine and Seabridge’s KSM deposits however, the
Treaty Creek project has far better logistics.
On December 27, 2019 Sprotts “Weekly Roundup” show hosted Bob
Thompson, Senior Vice President of Raymond James in Vancouver who does
an excellent job at describing where we are on the “Mining Clock” along
with other valuable insights into the precious metals industry.
We highly recommend you take a few minutes to listen:
About American Creek
American Creek is a Canadian mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”;
the Treaty Creek and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 9:56 AM on Thursday, December 19th, 2019
American Creek Resources (TSXV: AMK) (OTC Pink: ACKRF) (the “Corporation” or “American Creek”) is pleased to announce its partner Tudor Gold has concluded the interpretation of a copper-silver mineralized zone, the ‘CS 600 Horizon’,
within the Goldstorm Zone. Composite grades for drill holes GS19-42,
47, 48, 49, 52 and CB18-39 were re-calculated utilizing the copper and
silver grades obtained from the 2019 drill-hole program. These holes are
located in the northeastern-most area of the project. The copper and
silver mineralization contributed greatly to increasing the gold
equivalent content of all drill holes that cut the new copper-rich ‘CS 600 Horizon’.
The largest increase in gold equivalent content to the ‘300 Horizon’
was from GS19-42. The gold-only grade previously reported for the 370.5 m interval was 1.097 gpt Au. After adding the copper-silver mineralization, the gold metal equivalent content has increased to 1.275 gpt Au Eq over the same 370.5metre interval. This was due mainly to the elevated silver grades.
Copper grades were very consistent within the ‘CS 600 Horizon’. Grades ranged from approximately
0.16% Cu to 0.34% Cu over intervals of 69m to 151.5m in holes GS19-42,
47, 48, 49 and 52. These intercepts led to the largest gold equivalent
increases within the Goldstorm System.
Silver grades averaged as high as 10 gpt within both the ‘300 Horizon’ and the ‘CS 600 Horizon’ and the metal appears to occur throughout the entire Goldstorm System.
Vice President of Project Development, Ken Konkin P.Geo. comments:“The
newly discovered copper-rich ‘CS 600 Horizon’ is a very important
feature of the Goldstorm System. The presence of copper and silver
mineralization gives this discovery a true polymetallic nature yet it
remains a gold-dominant project. Copper grades appear to be increasing
with depth within the ‘CS 600 Horizon’. In the following weeks our
technical team will continue to examine the rest of the drill holes to
re-compute the gold-equivalent grades to include copper and silver
throughout the entire system.”
Table l provides gold equivalent composites from
five drill holes completed on three sections that cut the ‘300 Horizon’
and the ‘CS 600 Horizon’ within the Goldstorm System. Although the sixth
hole in this table (CB18-39) did not intersect the ‘CS 600 Horizon’,
the Au Eq composite increased the grade of the intercept by over 11%
within the ‘300 Horizon’. Sections attached demonstrate that the copper
pulse is un-like the main gold mineralization within the ‘300 Horizon’
as the ‘CS 600 Horizon’ appears to be dipping sub-parallel to the main
Treaty Thrust Fault (TTF1) shown in section 111+00 NE. The Company’s
Press Release dated October 24th provides the drill collar data
including drill hole location, elevation, inclination, azimuth and drill
hole length.
* All assay grades are uncut and intervals reflect drilled intercept
lengths. True widths of the mineralization have not been determined. HQ
and NQ2 diameter core samples were sawn in half and typically sampled at
standard 1.5m intervals.
**Prices used to calculate the AuEq metal content are: Gold $1322/oz,
Ag: $15.91/oz, Cu: $2.86/lb. All metals are reported in USD and
calculations do not consider metal recoveries.
The goal is to design a diamond drill hole program that will
fast-track the exploration program for 2020 with the objective to begin
the Mineral Resource Estimate work at the end of the 2020 field season.
Tudor hopes to accomplish as much drilling needed to bring a Measured
and Indicated Mineral Resource Estimate forward as quickly as possible.
Walter Storm, President and CEO, stated: “These
new gold equivalents are extremely encouraging as our technical team
continues to take positive steps advancing Tudor Gold’s flagship Treaty
Creek Au-Ag-Cu project. During the following months our geologist and
engineers will continue to work with the geological model and begin to
prepare the diamond drill hole proposal for 2020 .”
Darren Blaney, President and CEO of American Creek, stated:“The
Goldstorm deposit on Treaty Creek continues to amaze us. Its scale has
grown exponentially over the last two years to close to a billion tonnes
and these recent calculations are giving us a more accurate indication
of the grades within the system. The focus has been on the 300 zone as
it’s a gold enriched area just below the surface giving it great
potential to be open pitted, and now we’re starting to see the
tremendous potential at depth in the CS 600 zone. The Goldstorm is open
at depth and to the north and east which is where these pulses of copper
and silver are becoming more concentrated. With power and the highway
only 20km down the valley, and the deposit increasing in size
exponentially, the Goldstorm truly has the potential to be a world class
deposit.”
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. 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”.
The Treaty Creek Project lies in the same hydrothermal system as
Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better
logistics.
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 the Company’s Vice President of Project
Development, 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.
American Creek is a Canadian junior mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”;
the Treaty Creek and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 3:03 PM on Wednesday, December 18th, 2019
Sprott is eager to believe junior gold miners are on the verge of striking the motherlode, but skeptical of nearly everything else related to the industry
One week before Halloween, Canada’s biggest gold enthusiast,
the septuagenarian billionaire Eric Sprott, wearing a neatly pressed tuxedo,
bounded onto a stage in a downtown Toronto ballroom and accepted his induction
into Canada’s Investment Industry Hall of Fame.
He declared himself both humbled and honoured, and then
rollicked into the wee hours of the night at his home in a nearby tower with
expansive views of the city’s sparkling skyline. The next morning, though 75
and technically retired, he showed up at his office, grumbling about a lack of
sleep, but dressed in a magenta-coloured, paisley button-up, ready for a 9 a.m.
meeting with a penny stock exploration company.
“I keep reading that people are never making (gold)
discoveries, the rate of discoveries is going down,†he said, occasionally
rubbing his temples and closing his eyes. “The funny thing, well, I guess I’m
the sucker then because I keep buying guys who say they’re making discoveries.â€
Just as the price of gold often moves in the opposite
direction of the stock market, Sprott has a strong contrarian streak that means
he also often moves in the opposite direction of the market. For example, this
past spring, after years of middling precious metal prices and declining
discoveries had led most investors to abandon Canada’s gold and silver
explorers, he decided to go all-in.
Sprott launched an investment blitz, the likes of which the
junior mining precious metals sector had seldom seen, doling out somewhere
between $200 and $300 million in a matter of just a few months to acquire large
stakes in about two dozen companies, most of which have never earned a dollar
of revenue
His investments between May and July accounted for about one
in every four dollars raised by junior miners, according to Vancouver-based
market research firm Oreninc. During that time, gold prices started to rise,
breaking through US$1,400 in June for the first time in six years, bringing
some investors back to the major miners — exactly where Sprott doesn’t want to
be.
“They’re the worst place to put money, okay?†he said.
Putting his money where his mouth is, he has been selling his position in Kirkland Lake Gold Ltd., one of, if
not the lowest-cost gold producers and one of the best-performing stocks on the
S&P/TSX Composite Index since 2016.
Sprott was an early investor in Kirkland Lake, was appointed
chairman in 2015, and one year later helped engineer its merger with Newmarket
Gold Inc., a small gold producer in Australia. Not long after, the newly merged
company discovered high-grade veins at two mines, which propelled its stock
upwards to $63 per share.
Many investors pride themselves on not selling when a stock
hits a bump, but Sprott said it is equally important to not sell when the stock
rises, at least not until it’s gone up five or even 10 times, a so-called
tenbagger.
“I’ve had lots of tenbaggers and the important thing is to
stay in it,†he said.
But when his stake in Kirkland Lake reached about $1.3
billion earlier this year, and it looked like gold prices would keep rising,
Sprott said he decided it was time to sell.
“Here’s what I say to the management of Kirkland Lake: you
will not be the No. 1 performing stock this year,†he said during an interview
in October. “You will not be, because companies like Eldorado (Gold Corp.) and
Detour (Gold Corp.) are going to kick your butt.â€
And yet, Sprott — who found out about the deal on a day he
was meeting with a junior mining company seeking investment — elected to
support the deal, and waxes enthusiastic about Detour.
It’s one of the reasons why Sprott doesn’t much care about Canada’s major gold miners.
The
best-run companies might provide 20- or 30-per-cent returns, or maybe
100 per cent in a few cases, but Sprott would rather invest in a company
that might strike gold and give him a 500-per-cent return, or even a
coveted 1,000-per-cent return.
In
July, Sprott had bought about 10 million shares at $3.10, meaning he
made about $25 million or a 75-per-cent return in just a few months. But
he was nonplussed, saying the buyout may have come a little early.
“You’ve got to have the dream, right?†he said. “You’ve got to have the dream you’re going to find something.â€
Therein
lies Sprott’s biggest paradox: he’s eager to believe that junior gold
miners are on the verge of striking the motherlode, but skeptical of
nearly everything else related to the gold industry.
You’ve got to have the dream, right? You’ve got to have the dream you’re going to find somethingEric Sprott
After a five-decade career in the financial
services industry, during which he worked as an investment banker and
founded an eponymous empire that includes fund and asset management
firms, a brokerage firm, bullion storage and more businesses, he is
skeptical of commercial banks, major precious metals miners, central
banks, the stated rate of annual inflation and, perhaps above all, gold
and silver prices.
“One of the things about the media, they never
talk about the gold conspiracy,†he said. “Look at the guys who are
paying fines for spoofing the precious metals markets. Every two weeks
some guy’s paying a fine.â€
Case in point, U.S. prosecutors in
September filed criminal charges against three JPMorgan Chase & Co.
bankers for allegedly spoofing the precious metals market, which means
placing fake orders and then quickly cancelling them to manipulate the
price. The indictment alleged a decade-long conspiracy.
Sprott
believes the futures market — where investors can buy options that
essentially allow them to place bets on the price of gold or silver
without actually having to own any of the metals — allows commercial
banks to exert way too much influence on the market for physical metals.
Stacked gold bars in Germany.
Michaela Handrek-Rehle/Bloomberg files
As someone who stockpiles bullion, and often gives it out as
a gift, he watches the prices of silver and gold so closely it often
colours his mood.
This fall, Sprott was out fishing for grouper on
a staffed boat somewhere warm on a Friday when he normally records his
podcast. In spite of his idyllic circumstances, he sounded distinctly
downtrodden when he called in to the podcast.
“I’ve had better days, you know, it’s a bit of a tough one,†he said.
As
the podcast progressed, it soon became clear that gold and silver
prices were both down, about four and six per cent, respectively, and
options market manipulation appeared to be the reason to him.
Juan
Carlos Artega, director of investment research at the World Gold
Council, is skeptical that banks are having a significant effect on gold
or silver prices through the futures market, but believes options do
have an impact on short-term prices.
As
someone who stockpiles bullion, and often gives it out as a gift, he
watches the prices of silver and gold so closely it often colours his
mood
“What you find is that the gold price is
responding to demand-and-supply dynamics including those on the
(options) market, but it’s only one component,†he said.
Artega
said central bank and consumer buying, production numbers, recycling,
investment in gold-backed exchange-traded funds and a host of other
factors play a role in determining long-term prices.
Sprott would
hear none of it, and said he’s long disagreed with the World Gold
Council about many things. His skepticism of the futures market ties in
to his skepticism of the financial market writ large.
“We have a weird financial system; it doesn’t make any sense to a rational thinker,†he said.
Gene
McBurney, co-founder of GMP Securities LP, once a competitor of Sprott
Inc. in the investment business and now a friend, said part of the key
to understanding Sprott is that he enjoys entertaining other people with
provocative comments.
Fine gold coins at a bullion dealer in London.
Chris Ratcliffe/Bloomberg files
“He’s told people there’s no gold in Fort Knox; that kicks off an interesting conversation,†he said.
But
McBurney added that he believes Sprott is extremely well versed in the
companies in which he invests, and he has even given some of his
personal money to Sprott to manage.
Peter Grosskopf, chief
executive of Sprott Inc., the asset management firm Sprott founded and a
mentee, said Sprott is always covered as being this “unbelievable gold
bug,†but there’s a lot more to it than that.
“I mean, he’s a savant at what he does,†said Grosskopf, who added that it’s not easy to explain how Sprott does what he does.
That’s
mainly because Sprott is investing in companies that have no revenue,
which means standard investment metrics, such as internal rate of
return, aren’t necessarily useful, never mind that he said they’re not
something he would use.
He’s a savant at what he doesPeter Grosskopf, chief executive of Sprott Inc.
Instead, he attempts to value companies based on whether they are likely to discover a deposit of precious metals.
Of
course, even if a company discovers a deposit, it would still need to
figure out whether it makes economic sense to extract the deposit,
including how much it would cost to build and operate a mine, which
requires further calculations about energy costs, transportation,
processing and refining, and so on.
Sprott said he focuses solely
on the deposit and how big it could be. Though he has no education in
geology, he said he has devised his own valuation method, which involves
looking at a few variables to determine the potential size of a
deposit.
“I want to turn it into numbers, like, okay, what could
this thing earn?†he said. “You know, you multiply the strike by the
depth by the width by 2.7 specific gravity times the ounces — it’s just
four or five things you’ve got to multiply, five things.â€
People
close to him said he studies junior mining companies and can recall the
details of his investments better than most fund managers.
“The
guy gets up at ungodly hours, he might get up at 2 a.m. studying,†said
Conor O’Brien, a former capital markets manager who joined Sprott in May
to help with the investment blitz. “Neither one of us are geologists,
we’re just financial people that can do mathematics, as opposed to the
geology. We more kind of conceptualize, and dream and kind of multiply.â€
Putting
his latest investment spree of more than $200 million in perspective,
the TSX Venture Exchange’s junior mining sector through August was on
course to raise $2 billion for all of 2019, about 27 per cent less than
it did in 2009.
Sprott takes a birdshot approach to investment
that spreads his money far and wide, so that his portfolio contains
companies exploring for high-grade and low-grade mines, potential
open-pit and potential underground mines, and so on.
“Most of them won’t make it,†he said. “But what about the ones that do? If I’m in early and I stay the ground, I press the bet. It’s like being at a table with a winning run, you keep doubling down.â€
Grosskopf said Sprott calls it “stealing value,†not because he’s
conning anyone, but because he’s investing in assets the market has
mispriced. He said the billionaire is an expert trader, adept at sizing
up an opportunity and timing his entrance and exit.
And because of
his outsized profile, recently juiced by his epic returns while
chairman of Kirkland Lake, there are hordes of investors who will follow
his lead, Grosskopf said.
Not all of Sprott’s bets work out, of course. In 2017, Sprott said he invested in Garibaldi Resources Corp., a nickel explorer, based on comments he read on an online chat board.
Its
stock surged 1,731 per cent that year, and Sprott has continued to
invest even though two years later, its stock has declined from a peak
above $4 in late 2017 to 87 cents today.
“They’re for sure
drilling, we know that, and they’ve announced some holes, and they’ve
got more to go,†Sprott said. “They haven’t found the motherlode they’re
looking for. Even I’ll say that.â€
Sprott’s vast ownership may
also have a downside: It’s not easy to liquidate his positions in
companies without attracting attention. But his vast wealth also means
he’s relatively insulated from a lot of threats, such as dilutive
financings or litigation, that smaller investors can’t afford to
participate in.
He also owns a private gold mining company in
Nevada called Jerritt Canyon Gold LLC, which he said made its first
profit in the third quarter.
Kevin Small, vice-president of
operations at that mine, said Sprott likes to be generous. In April, he
said Sprott showed up at the site and handed out silver coins to several
hundred people who work there.
“He said when you guys make lots of money, I’ll give you each a gold coin, but he hasn’t been back yet,†Small said.
Eric Sprott at his induction into Canada’s Investment Industry Hall of Fame in October.
Peter J. Thompson/National Post
But he added that Sprott has been investing heavily in the
operation, which has a capacity to produce 280,000 ounces of gold per
year, and predicted the company would soon be well known.
Colleagues
also add that he can be unrelenting when judging a company’s financial
performance. Case in point, one of his biggest gripes with Kirkland Lake
is that he wants it to increase its dividend, an issue he once again
raised in October after the miner posted solid quarterly results.
Kirkland
Lake pays a quarterly dividend of four cents, and chief executive Tony
Makuch said he may consider raising it, but the company still needs to
spend money on exploration so it can improve its reserves of gold.
“We’re
not an industry people should be buying for dividends,†Makuch said.
“You should be buying bank stocks or something else. If you look at our
share price, that comes from investing in new projects.â€
It’s a sentiment that Sprott would likely agree with.
“I still have a lot of money in Kirkland and it’s a great company, but it’s not a tenbagger from here,†he said. “And I like tenbaggers as opposed to 100 per cent. It’s just my nature.â€
Posted by AGORACOM
at 4:06 PM on Tuesday, December 17th, 2019
SPONSOR: Applied BioSciences is a vertically integrated company focused on the development and commercialization of novel, science-driven, synthetic cannabinoid therapeutics / biopharmaceuticals that target the endocannabinoid system to treat a wide-range of diseases across multiple therapeutic areas Click Here for More Info
Some of us consume cannabis for its mind-altering effects, while others
seek symptom relief. But cannabis wouldn’t get us high or have some of
its therapeutic benefits if our bodies didn’t already contain a
biological system capable of interacting with its active chemical
compounds, like THC.
Our
endocannabinoid system does just that. But it isn’t there just to allow
us to enjoy the effects of our favorite strain. It serves a vital
purpose for our health and well-being because it regulates key aspects
of our biology. So, what’s it doing, and how does it work?
Homeostasis: Staying in the Goldilocks zone
To understand the human endocannabinoid system, it’s helpful to know a
little about one of the most fundamental concepts in biology:
homeostasis. And the best way to understand homeostasis is to think of
Goldilocks and the three bears.
That classic fairy tale illustrated the idea that the best outcome
often lies somewhere in the middle, between two extremes. We don’t want
things too hot or too cold, but just right.
Homeostasis is the concept that most biological systems are actively
regulated to maintain conditions within a narrow range. Our body doesn’t
want its temperature to be too hot or too cold, blood sugar levels too
high or too low, and so on. Conditions need to be just right
for our cells to maintain optimum performance, and exquisite mechanisms
have evolved to draw them back to the Goldilocks zone if they move out.
The body’s endocannabinoid system (ECS) is a vital molecular system for
helping maintain homeostasis—it helps cells stay in their Goldilocks
zone.
Key pieces of the endocannabinoid system (ECS)
Because of its crucial role in homeostasis, the ECS is widespread
throughout the animal kingdom. Its key pieces evolved a long time ago,
and the ECS can be found in all vertebrate species.
The three key components of the ECS are:
Cannabinoid receptors found on the surface of cells
Endocannabinoids, small molecules that activate cannabinoid receptors
Metabolic enzymes that break down endocannabinoids after they are used
Cannabinoid receptors
Cannabinoid receptors sit on the surface of cells and “listen†to
conditions outside the cell. They transmit information about changing
conditions to the inside of the cell, kick-starting the appropriate
cellular response.
There are two major cannabinoid receptors: CB1 and CB2. These aren’t
the only cannabinoid receptors, but they were the first ones discovered
and remain the best-studied. CB1 receptors are one of the most abundant
receptor types in the brain. These are the receptors that interact with THC to get people high.
CB2 receptors are more abundant outside of the nervous system, in
places like the immune system. However, both receptors can be found
throughout the body (Figure 1).
Figure 1: Where are CB1 and CB2 receptors located in the body?
The CB1 and CB2 receptors are key players in the endocannabinoid system
(ECS). They are located on the surface of many different types of cells
in the body. Both receptors are found throughout the body, but CB1
receptors are more abundant in the central nervous system, including on
neurons in the brain. In contrast, CB2 receptors are more abundant
outside of the nervous system, including cells of the immune system.
Endocannabinoids
Endocannabinoids are molecules that, like the plant cannabinoid THC,
bind to and activate cannabinoid receptors. However, unlike THC,
endocannabinoids are produced naturally by cells in the human body
(“endo†means “within,†as in within the body).
There are two major endocannabinoids: anandamide and 2-AG (Figure 2).
These endocannabinoids are made from fat-like molecules within cell
membranes, and are synthesized on-demand. This means that they get made
and used exactly when they’re needed, rather than packaged and stored
for later use like many other biological molecules.
Figure 2: Anandamide and 2-AG are the two major endocannabinoids.
Cannabinoids are a class of molecules characterized by their ability to
activate cannabinoid receptors like CB1 and CB2. Anandamide and 2-AG
are the two major endocannabinoids produced naturally in the body. THC
is the psychoactive plant cannabinoid produced by Cannabis. All
three of these cannabinoids can activate the CB1 and CB2 receptors,
although each one has a different potency at each receptor.
Metabolic enzymes
The third piece of the endocannabinoid triad includes the metabolic
enzymes that quickly destroy endocannabinoids once they are used. The
two big enzymes are FAAH, which breaks down anandamide, and MAGL,
which breaks down 2-AG (Figure 3). These enzymes ensure that
endocannabinoids get used when they’re needed, but not for longer than
necessary. This distinguishes endocannabinoids from many other molecular
signals in the body, such as hormones or classical neurotransmitters,
which can persist for many seconds or minutes, or get packaged and
stored for later use.
Figure 3: FAAH and MAGL are the key enzymes of the endocannabinoid system.
Enzymes are molecules that accelerate chemical reactions in the body,
often for breaking down molecules. FAAH and MAGL are key players in the
ECS because they quickly break down endocannabinoids. FAAH breaks down
anandamide, while MAGL breaks down 2-AG. These enzymes break down
endocannabinoids very quickly, but are not effective at breaking down
plant cannabinoids like THC.
The three key components of the ECS can be found within almost every
major system of the body. When something brings a cell out of its
Goldilocks zone, these three pillars of the ECS are often called upon to
bring things back, thus maintaining homeostasis. Because of its role in
helping bring things back to their physiological Goldilocks zone, the
ECS is often engaged only when and where it’s needed. Dr. Vincenzo Di Marzo, Research Director at the Institute of Biomolecular Chemistry in Italy, put it to us this way:
“With the ‘pro-homeostatic action of the ECS’ we mean
that this system of chemical signals gets temporarily activated
following deviations from cellular homeostasis. When such deviations are
non-physiological, the temporarily activated ECS attempts, in a space-
and time-selective manner, to restore the previous physiological
situation (homeostasis).â€
In other words, the ECS helps bring things back to the biological Goldilocks zone.
Below we will consider examples of how the ECS helps maintain
homeostasis in two areas: the firing of brain cells in the nervous
system, and the inflammatory response of the immune system.
Endocannabinoid regulation of brain cell firing
Brain cells (neurons) communicate by sending electrochemical signals
to each another. Each neuron must listen to its partners to decide
whether it will fire off its own signal at any given moment. However,
neurons don’t like to get too much input—there’s a Goldilocks zone. If
they get overloaded by signals, it can be toxic. That’s where
endocannabinoids come in.RelatedHow Does Cannabis Consumption Affect the Brain?
Consider a simplified scenario with one neuron listening to two
others. One of these two neurons might become overactive and send too
many signals to the neuron that’s listening. When that happens, the
neuron that’s listening will make endocannabinoids specifically where
it’s connected to the overactive neuron. Those endocannabinoids will
travel back to the “loud†neuron where they bind to CB1 receptors,
transmitting a signal that instructs it to quiet down. This brings
things back to the Goldilocks zone, maintaining homeostasis (Figure 4).
Figure 3: Endocannabinoid signals regulate how active our brain cells are.
Under normal circumstances (top-left), a given brain cell (neuron) will
get just the right amount of input from its partners—not too much, not
too little. However, some of its partners can become overactive, and
send an excessive number of signals (top-right). The neuron that’s
listening will detect this, and release endocannabinoids that tell the
other neuron to quiet down (bottom). This kind of mechanism helps
maintain homeostasis because it helps prevent neurons from sending out
too many signals.
As the example above illustrates, endocannabinoids travel backwards,
which is why they’re known as retrograde signals. Most of the time,
information flow between neurons is strictly in one direction, from
“sender†neurons that release neurotransmitter signals to “receiverâ€
neurons that listen to those signals. Endocannabinoids allow receiver
neurons to regulate how much input they’re getting, and they do this by
sending retrograde signals (endocannabinoids) back to overactive sender
neurons.
But the brain isn’t the only organ that needs to maintain
homeostasis. Every other system of the body, from the digestive to the
immune system, needs to carefully regulate how its cells are
functioning. Proper regulation is crucial for ensuring survival.
Endocannabinoid regulation of inflammation
Inflammation is a natural protective reaction the immune system has
in response to infection or physical damage. The purpose of inflammation
is to remove pathogens (germs) or damaged tissue. The inflamed area is
produced by fluid and immune cells moving into the area to do the dirty
work and return things to their Goldilocks zone.
It’s important that inflammation be limited to the location of damage
and doesn’t persist longer than needed, which can cause harm. Chronic
inflammation and auto-immune diseases are examples of the immune system
getting activated inappropriately. When that happens, the inflammatory
response lasts too long (which results in chronic inflammation) or gets
directed toward healthy cells (which is known as auto-immunity).RelatedCannabis and Arthritis
In general, endocannabinoids seem to suppress or limit the immune system’s inflammatory signals. Professor Prakash Nagarkatti,
Vice President for Research at the University of South Carolina whose
laboratory studies endocannabinoid regulation of immune responses, told
us how tweaking the ECS might be a good way to treat inflammatory
diseases.
“Most of our research demonstrates that endocannabinoids
are produced upon activation of immune cells and may help regulate the
immune response by acting as anti-inflammatory agents. Thus,
interventions that manipulate the metabolism or production of
endocannabinoids may serve as a novel treatment modality against a wide
range of inflammatory disease.â€
Consider a normal immune response triggered by a bacterial infection.
First, immune cells detect the presence of bacteria and release
pro-inflammatory molecules that tell other immune cells to come and join
the fight. Endocannabinoids get released as well (Figure 4), which also
signal to other immune cells for assistance and likely help limit the
inflammatory response so it isn’t excessive. By tightly regulating
inflammation, the immune system can destroy germs or remove damaged
tissue, and then stop. This prevents excessive inflammation, allowing
cells, and thus the body, to return to the Goldilocks zone.
Figure 4: Endocannabinoids help regulate inflammation.
Under normal conditions (top-left), cells of the immune system patrol
the body, on alert for any intruders, such as bacteria. During a
bacterial infection (top-right), immune cells detect the presence of
bacteria and then release a variety of molecules to help mount a
defensive attack (bottom). These signals include pro-inflammatory
molecules (small circles) that help recruit more immune cells to the
site of infection. Endocannabinoids (small diamonds) also get released,
and likely help regulate the magnitude and extent of this inflammatory
response.
How do plant cannabinoids like THC and CBD interact with the endocannabinoid system?
The reason that plant cannabinoids have psychoactive and medicinal
effects within the body is, in large part, because we have an
endocannabinoid system (ECS) that they can interact with. For example,
THC gets you high because it activates the CB1 receptor within the brain. Endocannabinoids like anandamide also activate CB1.
So why aren’t we constantly high?
A couple big reasons. First, THC doesn’t interact with CB1 receptors
in exactly the same fashion as the body’s natural endocannabinoids.
Second, the metabolic enzymes that quickly break down endocannabinoids
like anandamide don’t work on THC, so THC lingers around for much
longer.
It’s important to remember that molecules like cannabinoids and other
neurotransmitters rarely interact with only one receptor type; they
often interact with many. The plant-based cannabinoid CBD illustrates
this nicely, as it interacts with numerous receptor types
in the brain. So, while plant cannabinoids may activate the same
cannabinoid receptors as endocannabinoids, they will likely interact
with several other receptors and therefore have distinct effects.
CBD is also interesting because it can affect overall levels of
endocannabinoids in the brain, referred to as “endocannabinoid tone.â€
CBD inhibits the FAAH enzyme, which breaks down anandamide. Thus, CBD
can increase anandamide levels by preventing FAAH from breaking it down.
Inhibiting the FAAH enzyme has been shown to be a useful strategy for
treating anxiety disorders, and some of CBD’s anti-anxiety properties may come from its ability to inhibit this enzyme and thereby increase endocannabinoid tone.
Summary
The endocannabinoid system (ECS), comprised of cannabinoid receptors,
endocannabinoid molecules, and their metabolic enzymes, is a crucial
molecular system that the body uses to help maintain homeostasis.
Because of its vital role in making sure that cells and systems remain
in their physiological Goldilocks zone, the ECS is tightly regulated; it
gets deployed exactly when and where it’s needed. However, this doesn’t
mean that activating the ECS, through consumption of cannabis or by any
other means, will always make things just right.
Like any other complex biological system, the ECS can go awry. “If
deviation from physiological homeostasis is prolonged, due to either
external factors or chronic pathological conditions, the eCS can lose
its time- and space-selective mode of action and start affecting
inappropriate cells,†Dr. Di Marzo explained. “In these cases, the ECS,
instead of being beneficial, may actually contribute to disease
progression.â€
It’s important to remember that activating the ECS, through cannabis
consumption or by any other means, isn’t a cure-all. Like most of
biology, it’s complicated.
By understanding the biological Goldilocks principle (homeostasis),
and how the ECS illustrates this at the cellular level, we can more
deeply appreciate why we have an ECS to begin with, and how a variety of
cannabis-based therapies might actually work. The presence and critical
function of the ECS across many systems of the body, including the
nervous and immune systems, explains why such a wide variety of ailments
and disease states are responsive to cannabis-based interventions.
References
Gunduz-cinar O, Hill MN, Mcewen BS, Holmes A. Amygdala FAAH and
anandamide: mediating protection and recovery from stress. Trends
Pharmacol Sci. 2013;34(11):637-44. [PDF]
Ligresti A, De petrocellis L, Di marzo V. From Phytocannabinoids to
Cannabinoid Receptors and Endocannabinoids: Pleiotropic Physiological
and Pathological Roles Through Complex Pharmacology. Physiol Rev.
2016;96(4):1593-659. [PDF]
Nagarkatti P, Pandey R, Rieder SA, Hegde VL, Nagarkatti M.
Cannabinoids as novel anti-inflammatory drugs. Future Med Chem.
2009;1(7):1333-49. [PDF]
Pertwee RG. The diverse CB1 and CB2 receptor pharmacology of three
plant cannabinoids: delta9-tetrahydrocannabinol, cannabidiol and
delta9-tetrahydrocannabivarin. Br J Pharmacol. 2008;153(2):199-215. [PDF]
Wilson RI, Nicoll RA. Endocannabinoid signaling in the brain. Science. 2002;296(5568):678-82. [PDF]
Zlebnik NE, Cheer JF. Beyond the CB1 Receptor: Is Cannabidiol the
Answer for Disorders of Motivation? Annu Rev Neurosci. 2016;39:1-17. [PDF]
Posted by AGORACOM
at 3:06 PM on Thursday, December 12th, 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
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 Triangleâ€; 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 ridesâ€.
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.
Posted by AGORACOM
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
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 Triangleâ€; 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 ridesâ€.
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.
Posted by AGORACOM-JC
at 9:18 AM on Thursday, November 21st, 2019
There is a lot we could say about American Creek’s Treaty Creek Project … But we’ll let the words of 4 much smarter and wealthier people do all the talking:
Walter Storm, CEO Tudor Gold (JV Partner; Funded Startup Of Osisko Mining Until Sold For $4.5 Billion)
“The Goldstorm (System On Treaty Creek) now has the attention of several major industry players and we expect that future results will continue to impress as we further define this potential world-class deposit“.”
Eric Sprott, Billionaire Investor and 2X PP Investor In American Creek Resources
“What we’re shooting for is to define a 10 or 20-million-ounce discovery“
Ken Konkin , Tudor Gold Exploration Manager (Credited With Discovering Brucejack Mine Just South Of Treaty Creek)
“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.“ “2020 is going to be a breakout year.” Darren Blaney, President & CEO American Creek Resources
“Ken Konkin, the geologist credited for the discovery and development of Pretium’s neighbouring Brucejack Mine is advancing the Goldstorm zone to potentially becoming a world-class deposit with far better logistics than the neighbouring KSM deposits.”
“Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth.”
To find out why world renowned gold mine finders are so bullish on Treaty Creek, grab your favourite beverage, grab a seat and watch this interview with American Creek Resources.
Posted by AGORACOM
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 depositâ€
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
inexpensiveâ€
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 Auover 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.â€
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.â€
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 min the ‘300 Horizon’
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 Triangleâ€; 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 ridesâ€.
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.
Posted by AGORACOM
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.
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).
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:
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
Posted by AGORACOM
at 9:19 AM on Monday, October 28th, 2019
The results from the most recent 5 holes confirm that all 23 holes drilled in the last two years have intersected significant mineralization and dramatically increased the size of the Goldstorm deposit
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 Auover 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.Â
Cardston, Alberta–(Newsfile Corp. – October 28, 2019) – American Creek Resources Ltd. (TSXV: AMK) (OTCBB: ACKRF) (the “Company” or “American Creek“)
is pleased to announce additional significant drill results from the
Goldstorm Zone at the Treaty Creek JV Project. The results from the
most recent 5 holes confirm that all 23 holes drilled in the last two
years have intersected significant mineralization and dramatically
increased the size of the Goldstorm deposit, leading strategic investor
Eric Sprott to again re-emphasize 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”. The results of the latest 5 holes are
reported below.
Darren Blaney, American Creek’s CEO, stated: “Having
Ken Konkin, the geologist credited for the discovery and development of
Pretium’s neighbouring Brucejack Mine head the exploration program this
year has been a tremendous success. His knowledge, experience, and
past success in this same hydrothermal system is advancing the Goldstorm
zone to potentially becoming a world-class deposit with far better
logistics than the neighbouring KSM deposits.
As Tudor Gold CEO
Walter Storm correctly pointed out, the Goldstorm “is open in all
directions” which correlates with and is confirmed by the geophysics
conducted on the property. The Goldstorm now has the attention of
several major industry players and we expect that future results will
continue to impress as we further define this potential world-class
deposit.”
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 Auover 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 mÂ
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 min the ‘300 Horizon’. GS19-53 was stopped in gold mineralization due to inclement end-of-season weather.
Table l provides gold composites from five drill holes recently completed on two sections that cut the Goldstorm Zone and Table ll
provides the drill collar data, including drill hole location,
elevation, inclination, azimuth and hole length. Results for other holes
on the sections have been reported previously.
Table l: Gold Composites GS19-49 to GS19-53
Section
Drill Hole
From (m)
To (m)
Intercept (m)
Gold Grade (gpt)
110+00NE
GS19-50
148.0
725.5
577.5
0.602
including
160.0
427.0
267.0
0.811
GS19-51
119.0
365.0
246.0
0.721
and
578.0
618.5
40.5
1.017
GS19-53**
108.0
255.0
147.0
0.984
111+00NE
GS19-49
81.0
907.5
826.5
0.696
including
81.0
330.0
249.0
0.998
and
487.5
606.0
118.5
0.941
and
750.0
790.5
40.5
1.949
GS19-52
62.0
398.0
336.0
1.004
including
225.5
312.5
87.0
2.006
GS19-53**
drill hole stopped in mineralization, to be completed in 2020
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined
*HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
Table ll: Drill Hole Data
Section
Drill Hole
N_ N83_Z9
E_N83_Z9
ELEV_m
Azimuth
Inclination
DEPTH(m)
110+00E
GS19-50
6272886.7
428393.7
1348.0
111
-70
736.0
GS19-51
6272886.6
428394.1
1347.3
111
-60
635.0
GS19-53
6272885.8
428394.1
1347.2
113
-50
258.0
111+00E
GS19-49
6272976.1
428422.2
1370.5
115
-80
960.1
GS19-52
6272974.9
428423.9
1370.0
115
-50
699.7
The
updated Goldstorm Zone Sections 110+00 NE and 111+00 NE as well as the
DDH Plan map are included at the bottom of the news release and on the
Company’s website.
Walter Storm, Tudor Gold President and CEO, stated:
“I am very pleased that the safe and successful 2019 exploration
program has concluded on such a positive note. All 14 exploration drill
holes hit their targets and they all returned very good results. The
consistency of the mineralized intercepts from hole to hole is equally
impressive. This years’ drill program has vastly increased the known
size of the Goldstorm mineralized body but further drilling is essential
to define the full length, width and depth of the system which still
remains open in all directions.”
Map of the Sulphurets Hydrothermal System showing the “string of pearls” described by Konkin.
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.
This press release is available on the American Creek CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
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”.
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.
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