Posted by AGORACOM
at 11:16 AM on Friday, May 31st, 2019
A newly discovered gold zone on Treaty Creek in BC’s Golden Triangle
has potential to become a world class multi-million-ounce open pit gold
resource with higher gold grades and considerably better logistics than
Seabridge’s adjoining KSM deposits (the largest undeveloped Gold deposit
in the world by reserves). This new zone which already holds potential
for millions of close to surface ounces prior to the soon to commence
2019 drill program is called the Goldstorm!
American Creek Resources (“AMKâ€) holds a Joint Venture with Tudor
Gold (operator) whose CEO, Walter Storm, was an integral part of
Osisko’s development and sale of its Canadian Malartic gold mine ($3.9
billion). AMK holds a 20% FULLY CARRIED INTEREST (free ride) meaning
AMK is not required to contribute toward exploration and development
until a production notice is given.
Ken Konkin, former head geologist for Pretivm who developed the
nearby high-grade Brucejack mine (production in 2017), was recently
retained to head the geological team at Treaty Creek as he knows the
Sulphurets Hydrothermal System (which hosts Treaty Creek – Goldstorm,
KSM, and the Brucejack) intimately. His objective of developing an open
pit gold mine with excellent logistics is a huge game changer and has
the potential to make the Goldstorm at Treaty Creek one of the most
sought-after properties in Canada.
A new report on the potential of the Goldstorm is required reading
for all AMK shareholders and potential investors (click image below):
A major Goldstorm drill program designed to
reveal just how massive this newly discovered deposit may be will be
underway shortly. The initial phase of the 2019 Treaty Creek drill
program can be viewed here (click image below):
Once you’ve read the report and watched the video, we ask that you then do two things:
Phone our office (403-752-4040) and ask questions to help you
understand the incredible potential with the new developments and
direction that’s being taken.
Share this email with your friends and associates. If you have a
broker…send it to him. If you follow an analyst or industry letter
writer…send it to them.
Thank you for taking the time to review this important document and we look forward to discussing with you on the phone soon!
If you are new to American Creek Resources you can also view the company presentation below:
If for some reason the links on the images did not work you can use the following URLs:
Posted by AGORACOM
at 8:20 AM on Thursday, May 23rd, 2019
Fast Tracking Exploration at Treaty Creek
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental
in the discovery and development of the Brucejack / VOK mine) now
heading our JV partner Tudor Gold’s geological team to develop Treaty
Creek.
The geology, geophysics and structure are showing
potential for similar scale to the rest of the Sulphurets Hydrothermal
System, and the drilling to date is confirming
The string of
porphyry related deposits running through the Sulphurets Hydrothermal
system have stronger gold equivalent grades the further north you go.
The Goldstorm deposit on Treaty Creek property is richer in gold and
total gold equivalent than the KSM deposits further to the south
Treaty
Creek is “on the right side of the hill†where there is direct access
to highway 37 and the high-power transmission line making logistics
markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 11:37 AM on Wednesday, May 15th, 2019
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental in the discovery and development of the Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological team to develop Treaty Creek.
The geology, geophysics and structure are showing potential for similar scale to the rest of the Sulphurets Hydrothermal System, and the drilling to date is confirming
The string of porphyry related deposits running through the Sulphurets Hydrothermal system have stronger gold equivalent grades the further north you go. The Goldstorm deposit on Treaty Creek property is richer in gold and total gold equivalent than the KSM deposits further to the south
Treaty Creek is “on the right side of the hill” where there is direct access to highway 37 and the high-power transmission line making logistics markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 9:54 AM on Friday, May 3rd, 2019
Primary exploration target within Treaty Creek is the Goldstorm system.
The Goldstorm zone is located five kilometers northeast of Seabridge’s Iron Cap Deposit.
The Goldstorm mineralized body can be traced for at least 500 meters along strike.
20 diamond drill holes totaling 14,000 meters of drilling are planned
Cardston, Alberta–(Newsfile Corp. – May 3, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“the Corporation”) is pleased to announce that JV partner
Tudor Gold (“Tudor”) has announced the 2019 exploration plans for its
flagship property, the Treaty Creek project located in the Golden
Triangle of NW British Columbia.
The primary exploration target
within Treaty Creek is the Goldstorm system. From the southwest corner
of the Treaty Creek claims, which are bordering Seabridge’s claims, the
Sulphurets Thrust Fault leads from Seabridge’s Iron Cap Deposit to
Tudor’s Goldstorm system. This regional thrust fault sharply defines the
hanging wall contact of both the Iron Cap Deposit and the Goldstorm
zone. The Goldstorm zone is located five kilometers northeast of
Seabridge’s Iron Cap Deposit.
Map showing Sulphurets fault extending through Goldstorm zone.
The
Goldstorm mineralized body can be traced for at least 500 meters along
strike. The gold mineralization appears to be confined to the northwest
by what appears to be the Sulphurets Thrust Fault, however gold
mineralization remains open in all other directions and is open to depth
as well.
Ken Konkin, P.Geo. Tudor’s Exploration Manager, provided details on Tudor’s exploration plans and objectives for Treaty Creek:
“For
the 2019 exploration season we have planned 20 diamond drill holes
totaling 14,000 meters of drilling, subject to the Company having
sufficient cash resources to fund the ongoing program. Tudor Gold plans
to use two diamond drill rigs. The first phase of drilling will include
3,600 meters of drilling with five planned drill holes. The goal is to
trace-out the gold mineralization to the footwall contact and to
continue drilling to extend the zone to the northeast 200 meters beyond
drill hole CB18-39 (0.981 gpt Au over 563.8m) (See news release of
November 26, 2018). The gold system appears to be at least 300 meters
wide and at least 700 meters deep, however the strongest mineralized
horizons occur near surface in the uppermost parts of the mineralized
body. In order to fast-track the exploration process, step-out drilling
along strike is proposed in 200 meter sections. We believe that this
approach is the most efficient way to outline the size and shape of the
target.”
Walter Storm, President and CEO of Tudor stated: “We are
fortunate to have someone with such vast geological experience as Ken
Konkin as Tudor Gold’s Exploration Manager. Our management team is very
confident with Ken’s abilities and he will personally manage all aspects
of the drill program. His preliminary work has been outstanding in
defining and prioritizing drill targets.”
Darren Blaney, CEO of
American Creek stated: “The much anticipated 2019 exploration program at
Treaty Creek is rapidly approaching. We are very optimistic that the
proposed expanded drilling program building on that spectacular last
hole from 2018, CB18-39 will continue to show extensive gold
mineralization. We have the utmost confidence in Mr. Konkin’s expertise
and ability as his amazing track record speaks for itself.”
The following video shows the drill hole collar locations with proposed drill hole traces.
The
Qualified Person for this news release for the purposes of National
Instrument 43-101 is 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.
The Treaty Creek
Project is a joint venture between Tudor Gold, American Creek Resources,
and Teuton Resources Corp. 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).
For more information about Treaty Creek click here.
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
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 9:37 AM on Wednesday, April 17th, 2019
JV partner Tudor Gold has retained P&E Mining Consultants Inc. for assistance in planning the upcoming 2019 drilling season.
Purpose is to create a National Instrument 43-101 for the Treaty Creek Property
Treaty Creek is located immediately adjacent to Seabridge Gold’s KSM and just north of Pretivm’s now producing Brucejack/Valley of the Kings high grade gold mine in northwestern British Columbia.
Cardston, Alberta–(Newsfile Corp. – April 17, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) is pleased to announce that JV partner
Tudor Gold has retained P&E Mining Consultants Inc. (“P&E”) of
Brampton, Ontario for assistance in planning the upcoming 2019 drilling
season, with a view to eventually compiling an initial Mineral Resource
Estimate pursuant to National Instrument 43-101 for the Treaty Creek
Property located immediately adjacent to Seabridge Gold’s KSM and just
north of Pretivm’s now producing Brucejack/Valley of the Kings high
grade gold mine in northwestern British Columbia.
P&E Mining
Consultants Inc., established in 2004, provides geological and mine
engineering consulting reports, Mineral Resource Estimate technical
reports, Preliminary Economic Assessments and Pre-Feasibility Studies.
P&E undertook the initial Mineral Resource Estimate for Pretium
Resources Inc.’s Brucejack Property and the resulting Technical Report
that supported the $100M IPO.
Ken Konkin, Tudor Gold’s Exploration
Manager stated, “I have had the pleasure of working with Mr. Eugene
Puritch, P. Eng, FEC and President of P&E Mining Consultants Inc.
and his team of professional geologists and professional engineers on
several projects in North and South America. P&E Mining Consultants
specialize in geological modeling and mine design and their work is of
the highest standards. I look forward to working again with Eugene and
his geo-scientists and engineers in order to determine the optimum drill
hole spacing required for the drill program. Our goal is to fast-track
the exploration program at Treaty Creek during this summer adding value
to Tudor’s Goldstorm target in the most efficient and economic methods
possible. Once drilling begins, P&E Mining Consultants will conduct a
site visit and complete a project review.”
Darren Blaney, CEO of
American Creek stated: “We very much look forward to having Tudor and
Mr. Konkin commence the much anticipated 2019 Treaty Creek drill program
building on the last hole from 2018 that ran 563 meters of 0.98 g/t
gold. Securing a top tier firm to oversee the drilling and maiden
resource calculation is a very positive step in the advancement of the
Treaty JV. The Golden Triangle region is heating up and attracting
attention and this upcoming season is shaping up to be very
significant.”
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
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 10:54 AM on Tuesday, April 9th, 2019
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental in the discovery and development of the Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological team to develop Treaty Creek.
The geology, geophysics and structure are showing potential for similar scale to the rest of the Sulphurets Hydrothermal System, and the drilling to date is confirming
The string of porphyry related deposits running through the Sulphurets Hydrothermal system have stronger gold equivalent grades the further north you go. The Goldstorm deposit on Treaty Creek property is richer in gold and total gold equivalent than the KSM deposits further to the south
Treaty Creek is “on the right side of the hill” where there is direct access to highway 37 and the high-power transmission line making logistics markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 9:02 AM on Friday, March 15th, 2019
100% owned Gold Hill property located in the Boulder Creek drainage, a tributary of the Wildhorse River
4 diamond drill holes on two sections totaling 2,087 meters of drilling. Nine hundred and twenty nine (929) drill core samples
This is the first time area has been drilled. The program successfully intersected multiple zones of gold.
A high grade intersection in hole NS18-01 contained 66.4 g/t gold over 0.2 meters (true width unknown)
Cardston, Alberta–(Newsfile Corp. – March 15, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) is pleased to report on drilling results
from the late fall exploration program conducted on its 100% owned Gold
Hill property located in the Boulder Creek drainage, a tributary of the
Wildhorse River east of Fort Steele, British Columbia. The preliminary
program included four diamond drill holes on two sections totaling 2,087
meters of drilling. Nine hundred and twenty nine (929) drill core
samples were analyzed.
The management and professionals that
guided the exploration program are pleased and very encouraged by the
results. There were multiple gold intersections in all 4 preliminary
drill holes. A summary of the significant intersections and gold values
is contained herein.
The 2018 drill program was conducted to test
a Cretaceous age swarm of syenite porphyry dykes intruded into lower
and middle Cambrian sediments. This is the first time that this package
of rocks has ever been drilled. The drill program successfully
intersected multiple zones of gold associated with several syenite dike
targets as well as significant intervals of highly altered, silicified
rock. In addition, there were several intersections of highly altered
and, in some cases, calcareous sediments, some of which contained
elevated gold values. These altered sediments will be further explored
for gold content. They will also be useful as marker horizons guiding
future drilling.
A high grade intersection in hole NS18-01
contained 66.4 g/t gold over 0.2 meters (true width unknown). This
intersection correlates with prior historic gold values obtained in the
area. Car samples and face samples from a drift (small tunnel) driven
partially along the hanging wall of a syenite porphyry dyke in 1937 were
assayed over a width of 1.5 feet (~0.5m). The car samples averaged
0.43 oz. Au per ton (13.4 g/t), 0.48 oz. (14.9g/t) Ag per ton and 2.3%
Pb per ton over 40 feet (12.2m). The face samples along 22 feet (6.7m)
averaged at 2.4 oz. Au per ton (74.6 g/t) 2.17 oz. (67.5 g/t) Ag per
ton and 5.51% Pb.
The Gold Hill property covers approximately 836
hectares and is located along the eastern edge of the Kimberly Gold
Trend. The property is road accessible by paved highway to Fort Steele
and then by main logging roads to (and through) the property. Driving
time from Cranbrook to the center of the property is less than one hour.
The
property contains a significant portion of the Boulder Creek drainage, a
tributary of the Wild Horse River which is considered to be one of the
greatest placer gold rivers in the entire province. Gold rushes have
taken place there since the 1860’s that have yielded over 48 tonnes of
reported gold, making it Canada’s 4th largest placer producer. The
majority of the gold recovered from the Wild Horse was located along a 6
km stretch between Boulder Creek (upstream) and Brewery Creek
(downstream). From the point where Boulder Creek enters the Wild Horse
River for a distance of 6 kilometers downstream, a minimum of 1.5
million ounces (45,655,215 grams) of placer gold was recovered between
1864 and the 1930’s. In addition, an undetermined amount of placer gold
was sold in the United States during this period but no records of the
amount are available. The Boulder Creek drainage is the logical source
of the placer gold recovered from the Wildhorse River below.
Early
efforts by prospectors to locate the source of the Wild Horse placer
gold led explorers up Boulder Creek to what is now called the Gold Hill
property. Although lode gold was first found in the area by prospectors
in the late 1800’s, the Gold Hill property has not been the subject of
any systematic modern exploration and prior to this program, the
property has never been drill tested.
Significant Intercepts from Preliminary 2018 Drill Program
Gold
values, as tested by initial ICP analysis, range from slightly less
than 0.5 g/t to 5.68 g/t. With reference to sample 043174 in hole
NS18-01, where the initial analysis placed gold at >30,000 ppb (30.0
g/t), total metal analysis of the same sample returned a value of 66.4
g/t. To date, this is the only sample that has been analyzed for total
metal. It was originally selected because of the proximal galena and
visible gold.
Historical work on the property has noted the
presence of metallic gold in samples that is not detected by
conventional ICP analysis. A skilled, well trained and experienced
Prospector discusses this phenom in Assessment Report 27,173 (Dec. 29,
2004). Again, in AR 34,920, (July 2015) a P. Geo. explained the presence
of metallic gold. The following is a direct quote from AR 34,920 by the
highly experienced P. Geo. who mapped the property: “work by the
original prospectors and miners on the property from 1898 to 1957 did a
good job of exposing gold-bearing structures and the related sulphides
and gangue minerals. This work demonstrated the course nature of the gold which is commonly visible to the naked eye.”
In
light of the strong possibility that metallic gold was missed by the
initial assaying, further assay work including advanced testing for
metallics will be conducted. As a first step, 12 samples, all of which
indicate significant gold values, have been selected for total metal
analysis. The company is looking forward to receiving the total metal
gold value for the 12 samples selected for this purpose. The results
will be available when the additional assay analysis is completed.
There is some correlation between anomalous Pb in the samples with higher gold values however, they do not always correlate.
Frank
O’Grady, P. Eng. and QP for the project stated: “This first look at the
underground geological structure in the Big Chief area of the property
is very encouraging. Not only are we seeing gold associated with
multiple syenite dyke contacts, but we are also seeing gold showing up
in the highly altered sediments. To have intersected gold in every hole,
especially since we had no prior drill holes on the property to guide
us, indicates the potential scope and scale of the property’s potential
going forward. We clearly have a large gold system we are dealing with
here.”
Darren Blaney, CEO of American Creek stated: “This is a
significant first step in unravelling the mystery of the potential
source of the large quantity of Wild Horse river placer gold collected
downstream. Not only are we seeing widespread gold mineralization on
surface, but we now also have our first glimpse at what is going on
underneath a portion of the property. This preliminary program will be a
tremendous aid in guiding future work on the project.”
There are two main highly prospective targets on the property:
1.
The Midas / Gold Hill prospect which is situated on the southern part
of the property. The Midas is in an area of steep topography and is
structurally controlled.
2. The Big Chief prospect which is
situated on the northern portion of the property. The Big Chief is
located on an area of moderate relief and is formed by hydrothermal
activity from intruded syenite dikes of Cretaceous age.
The
property is nominally divided into north and south portions by Boulder
Creek which flows westerly through the property. This phase of the
exploration program focused solely on a portion of the Big Chief
prospect. The highly prospective area of the property situated south of
Boulder Creek was not explored during 2018. This southern area, which
includes high grade gold values in grab samples including 25.14 g/t from
the Guggenheim showing, will be included in 2019 exploration.
Initial
logging of the core combined with sample results has provided a basic
understanding of the underground geological structure as well as the
gold and accompanying metals present in the previously undrilled package
or rocks underlying the Big Chief showings.
Sections containing
increased Au, sometimes Ag and in several cases increased base metals
which include Pb, Cu and Zn are contained in sections of intense
alteration. This alteration includes, but may not be limited to,
silicification, sericitization, carbonatization (in some places) and
increased epidote.
The core will be carefully re-examined during
2019 with key sections being relogged. The initial logging was done
under inclement conditions including low temperatures and poor light and
without the benefit of any prior drill core assays for reference.
Qualified Person
Frank
O’Grady, P.Eng., is the Qualified Person as defined by National
Instrument 43-101 for the Gold Hill Project and for this news release.
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.
The
Corporation also holds the 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
Tags: #Drilling, #GoldHill, #SteeleBC, $AMK, gold Posted in American Creek Resources Ltd. | Comments Off on $AMK.ca American Creek Intersects Gold in All Four Preliminary Holes at Gold Hill Project – up to 66.4 G/T Gold over 0.2 Meters $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca
Posted by AGORACOM
at 10:21 AM on Wednesday, March 13th, 2019
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental in the discovery and development of the Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological team to develop Treaty Creek.
The geology, geophysics and structure are showing potential for similar scale to the rest of the Sulphurets Hydrothermal System, and the drilling to date is confirming
The string of porphyry related deposits running through the Sulphurets Hydrothermal system have stronger gold equivalent grades the further north you go. The Goldstorm deposit on Treaty Creek property is richer in gold and total gold equivalent than the KSM deposits further to the south
Treaty Creek is “on the right side of the hill” where there is direct access to highway 37 and the high-power transmission line making logistics markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 9:26 AM on Tuesday, March 12th, 2019
Cardston, Alberta–(Newsfile Corp. – March 12, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) (the “Company”) is pleased to report on
the RAISE at the PDAC: 1X1 Small-Cap Resource Conference, the Red Cloud
2019 Pre-PDAC Mining Showcase, as well as the Prospectors and Developers
Association of Canada (PDAC) annual conference.
The RAISE at
the PDAC: 1X1 Small-Cap Resource Conference was an exclusive event for
investors and finance individuals who invest in resource stocks to meet
one-on-one with companies throughout the day in a series of meetings and
presentations. American Creek met with a steady flow of high net worth
individuals, brokers, and fund managers throughout the day.
The
Red Cloud 2019 Pre-PDAC Mining Showcase was a sold-out event with some
500 investors attending the conference where American Creek had a booth
and also did a “Dragons Den” style presentation to a panel of important
industry financial representatives. Red Cloud is a big supporter of
exploration companies operating in the Golden Triangle region of BC and
American Creek has had recent discussions with Red Cloud management
regarding working together going forward.
Darren Blaney and Kelvin Burton of American Creek Resources at various conferenced in Toronto To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/682/43357_742a7d7cb4e10bc0_001full.jpg The
PDAC conference had over 25,000 people attend even though they charged
daily admission for the first time. American Creek had a very busy
booth and was also invited to give a corporate presentation at the
conference.
There were two
noticeable differences observed by Company representatives at the PDAC
conference this year. One was a palpable excitement in general for
precious metals, more particularly gold and silver. The overall
sentiment amongst “the experts” giving presentations and the investors
we interacted with was one of optimism and expectations for a rise in
both gold and silver prices as the year progresses.
The
second, and of particular significance to American Creek, was the
impressive amount of exposure and recognition that B.C.’s Golden
Triangle has achieved. Exploration in that region now equals the rest
of the province put together. The experts, analysts and letter writers
were all talking about it, and most people who we interacted with knew
about or were planning to invest in Golden Triangle companies and
projects. It appears that a new Golden Triangle “gold rush” may be in
the making. As American Creek has operated in the Golden Triangle region
for almost 15 years and has three noteworthy projects there, we are
well positioned to benefit from this building excitement.
Having
the Treaty Creek JV property with a fully carried interest next to the
Brucejack/Valley of Kings (VOK) mine (Pretivm) and the largest
undeveloped gold deposit in the world by reserves (Seabridge) with
similar geology, geophysics and structure positions American Creek for
potential significant growth.
Investors
were impressed with and excited about Ken Konkin (former head geologist
for Pretivm and instrumental in the discovery and development of the
Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological
team to develop Treaty Creek. Many shareholders were able to talk with
Mr. Konkin at the PDAC conference. In discussions with Mr. Konkin, the
three items concerning the Treaty Creek project that he is most excited
about are:
The
geology, geophysics and structure are showing potential for similar
scale to the rest of the Sulphurets Hydrothermal System, and the
drilling to date is confirming.
Generally
speaking, the string of porphyry related deposits running through the
Sulphurets Hydrothermal system have stronger gold equivalent grades the
further north you go. The Goldstorm deposit on our Treaty Creek
property is richer in gold and total gold equivalent than the KSM
deposits further to the south.
Treaty
Creek is “on the right side of the hill” where there is direct access
to highway 37 and the high-power transmission line making logistics
markedly better than for deposits further south.
Investors
were also excited to learn that American Creek owns 100% of the former
operating high-grade Dunwell mine located just 8km from the shipping
port in Stewart, B.C., with highway and power lines running through it.
The Bear River valley is quickly becoming a hotbed of activity
including many recent mergers and acquisitions and our Dunwell property
has the richest historical grades and production in the valley. There
is also now an opportunity to provide a nearby soon to open mine with
mill feed from the Dunwell. In addition to investor interest, we
presently have serious interest in the project from several different
companies. American Creek is planning on commencing drilling at the
Dunwell project within the next 90 days. The objective of that program
will be to confirm that under the old workings there are additional
significant high-grade extensions of the previously mined gold/silver
ore body.
As mentioned in our previous
release, American Creek granted Tudor an additional extension for the
previously announced option to buy out the Corporation’s 40% interest in
the Electrum Project Joint Venture located near Stewart, British
Columbia. Tudor paid American Creek a non-refundable payment of $50,000
upon entering the original agreement. If the option is exercised by
Tudor, a further payment of $2,650,000 will be made to American Creek on
or before April 15, 2019.
The
combination of American Creek working on the Dunwell while its JV
partner develops Treaty Creek, and either receiving an additional
$2,650,00 or retaining 40% of the Electrum property puts American Creek
in one of the strongest positions in the Golden Triangle, which didn’t
go unrecognized by both analysts and investors alike.Gold Hill Project Update The 100% owned Gold Hill
project is located in the Boulder Creek drainage, a tributary of the
Wildhorse River east of Fort Steele, British Columbia and is a potential
source of the downstream placer gold responsible for Canada’s 4th largest gold rush.
A
preliminary drill program consisting of approximately 2,000 meters of
drilling in four holes on two sections was recently concluded on the
property. The objective of the program was to get our first initial look
at underground geological structure as prior to this time, no drilling
had ever been conducted on the property. Information from this
preliminary program will be utilized to model and plan future
exploration on a wider scale. Assay results are pending.About American Creek
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. 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
