- 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m
- The hole was stopped in mineralization due to the drill rig reaching its depth limitation
- 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast.
Cardston, Alberta–(Newsfile Corp. – September 23, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to
announce results from JV partner Tudor Gold’s ongoing drill program
being conducted at the Treaty Creek Project located in the Golden
Triangle of NW British Columbia. Tudor today announced results from two
deep vertical diamond drill holes (drilled to a depth of over 1,000m)
and four definition drill holes. All six holes intercepted significant
gold mineralization over wide intervals at the Goldstorm Zone.
Goldstorm Extension
Hole
GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July
30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically
to a total depth of 1,199m, ending in mineralization. The hole
contains strong stockwork with gold-bearing mineralization accompanied
by significant base-metal disseminated sulphide mineralization averaging
0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m.
The hole was stopped in mineralization due to the drill rig reaching
its depth limitation, however, casing was left in the hole for possible
continuation next year.
This 150 meter step-out hole confirms
that the Goldstorm system is gaining strength to the northeast. With
this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m
this year from the best hole drilled in 2018 (CB18-39, averaging 0.981
g/t Au over 563.8m) and has now been traced along strike for over 800
meters.
Goldstorm Definition Drilling
Asecond
deep vertical hole, GS19-48, was drilled to a total depth of 1035m from
the same pad as CB18-39 (drilled in 2018). The results exhibit
excellent continuity of mineralization between holes and this drill hole
returned 0.725 g/t Au over 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.
Four
footwall definition holes (GS19-43 to GS19-46) drilled on section
109+00 NE, were successful in extending the width of the mineralized
zone, to the southeast into the footwall of the controlling fault
structure.
- Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
- Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
- Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
- Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.
Tudor Gold Exploration Manager, Ken Konkin explains:
“Given the success of the two deep drill holes GS19-47 and GS19-48, the
Goldstorm System shows no signs of weakening to the northeast and
several more drill holes will be needed to find the length and depth of
this huge gold system. Hole GS19-47 showed a very strong quartz
stockwork system and was still in gold values at the end of the 1,199
meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters.
This is the first time we’ve seen this strength of gold mineralization
at depth. Furthermore, a strong copper association was encountered with
gold values at depth in both GS19-47 and GS19-48.
A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.
Not
only does the Goldstorm Zone remain open at depth and along strike, we
are now seeing base-metal associations possibly as part of a zonation
within the metal system.”
The following table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm Zone.
Table I: Gold Composites for GS19-48 to GS19-43
| SECTION | HOLE ID | FROM (M) | TO (M) | Interval (M) | GOLD (g/t) |
| 114+00NE | GS19-47 | 117.5 | 1199 | 1081.5 | 0.589 |
| including | 200 | 501.5 | 301.5 | 0.828 |
| and | 986 | 1193 | 207 | 0.93 |
| 111+00 NE | GS19-48 | 97.5 | 936 | 838.5 | 0.725 |
| including | 97.5 | 426 | 328.5 | 1.048 |
| 109+00 NE | GS19-43 | 68 | 561.5 | 493.5 | 0.566 |
| including | 141.5 | 561.5 | 420 | 0.605 |
| including | 141.5 | 197 | 55.5 | 1.005 |
| GS19-44 | 101 | 368 | 267 | 0.807 |
| including | 125 | 275 | 150 | 1.065 |
| GS19-45 | 44 | 369.5 | 325.5 | 0.719 |
| including | 62 | 278 | 216 | 0.901 |
| including | 105 | 278 | 173 | 1.000 |
| GS19-46 | 34.5 | 628.5 | 594 | 0.51 |
| including | 175.5 | 337.5 | 162 | 0.734 |
| including | 564 | 600 | 36 | 1.328 |
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined
Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE
Section
114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47
hosts what is now the longest and deepest gold intercept on the project
to date.
Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.
Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.
Goldstorm Zone Plan Map
The
Goldstorm Zone now extends more than 800 meters in strike length and
remains open along strike to the Northeast and Southwest as well as to
depth.
Goldstorm zone drill sections and the plan map are included at the bottom of the news release.
The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.
Walter Storm, Tudor Gold President and CEO, stated:
“I am very pleased to see that all nine holes drilled have reported
very good results and we have not missed on any step-out targets nor any
footwall extension holes, they were all hits. These results have proven
that we have an excellent understanding of the structure, geology and
mineralogy of this massive gold system. I am looking forward to
continuing our exploration efforts in order to unlock the full potential
of this large gold system.”
Darren Blaney, American Creek CEO, stated:
“The anticipation of waiting for this 150 meter step-out hole has now
been rewarded with the largest gold interval drilled to date at the
project. Further, all five other holes have also hit significant gold
over wide intervals. Seeing the strong copper zones now showing up in
drill holes has added yet further potential to the possible extent of
the deposit. Clearly, we have a massive, world-class gold system that
still shows no signs of weakening to the northeast nor at depth. The
drilling continues to show strong correlation with the geophysics which
indicates that the gold mineralization potentially continues for
considerable depth below the bottom of the deepest drill holes.
I
can’t state strongly enough how pleased I am with what Walter, Ken and
the Tudor team have accomplished with the Treaty Creek exploration
program!”
QA/QC
Drill core samples were prepared
at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA
Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and
precision are monitored by the submission of blanks, certified standards
and duplicate samples inserted at regular intervals into the sample
stream by Tudor Gold personnel. MSA Laboratories quality system complies
with the requirements for the International Standards ISO 17025 and ISO
9001. MSA Labs is independent of the Company.
Qualified Person
The
Qualified Person for this news release for the purposes of National
Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin,
P.Geo. He has read and approved the scientific and technical information
that forms the basis for the disclosure contained in this news release.
About American Creek
American
Creek is a Canadian junior mineral exploration company with a strong
portfolio of gold and silver properties in British Columbia.
Three
of those properties are located in the prolific “Golden Triangle”; the
Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter
Storm as well as the 100% owned past producing Dunwell Mine.
A
major drill program is presently being conducted at Treaty Creek by JV
partner and operator Tudor Gold. There are two drills working on the
Goldstorm zone at present.
The Treaty Creek Project is a Joint
Venture with Tudor Gold owning 60% and acting as operator. American
Creek and Teuton Resources each have 20% interests in the project.
American Creek and Teuton are both fully carried until such time as a
Production Notice is issued, at which time they are required to
contribute their respective 20% share of development costs. Until such
time, Tudor is required to fund all exploration and development costs
while both American Creek and Teuton have “free rides”.
More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home
A
drill program is also ongoing on American Creek’s 100% owned Dunwell
Mine property located near Stewart. More information can be found here:
https://americancreek.com/index.php/projects/dunwell-mine
The
Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax,
Silver Side, and Glitter King properties located in other prospective
areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor10.jpg
Figure 2: Goldstorm Zone Section 114
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor6.jpg
Figure 3: Goldstorm Zone Section 111
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor4.jpg
Figure 4: Goldstorm Zone Section 109
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor2.jpg
Figure 5: Goldstorm Zone Plan View
To view an enhanced version of Figure 5 please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor8.jpg
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.