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American Creek’s $AMK.ca JV Partner Tudor Gold Intersects 1,152 Meters of 0.741 gpt AuEq, Including 1.561 gpt AuEq over 121.5 Meters and 0.968 gpt AuEq. $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:13 AM on Monday, October 26th, 2020

American Creek’s JV Partner Tudor Gold Intersects 1,152 Meters of 0.741 gpt AuEq, Including 1.561 gpt AuEq over 121.5 Meters and 0.968 gpt AuEq over 414 Meters with Hole GS-20-75

Step-Out Hole GS-20-70 Extends the Goldstorm 300 Horizon and CS-600 Zone Another 150 Meters to the Northeast as Drilling Continues with Six Drills at Treaty Creek

Cardston, Alberta–(Newsfile Corp. – October 26, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to present results for the fourth set of diamond drill holes at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling continues with six drill rigs currently working on the Goldstorm Zone which is on-trend from Seabridge’s KSM Project, 5 km to the southwest. All nine of the recent drill holes have successfully intersected the Goldstorm System expanding the mineralization to the northeast and southeast, as well as to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis and in addition, the CS-600 and DS-5 systems have been expanded to the northeast and to depth as well. All 26 drill holes completed at Goldstorm during the 2020 program have encountered significant precious metal mineralization.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., stated: “The goal is to drill-define the limits of the Goldstorm system mineralization. We are very pleased with the results obtained from the 2020 drill holes that have yet to define limits or boundaries to the mineralized target along the northeastern and the southeastern axes, and to depth as well as we keep encountering mineralization versus non-mineralized host rock. Drill hole results from GS-20-75 demonstrate that several aspects of the mineralized horizon appear to be gaining strength at depth with significant Au-Cu-Ag mineralization encountered in the CS-600 zone which averaged 0.968 gpt AuEq over 414 meters. Our technical team has to date received drill hole results from 26 diamond drill holes at Goldstorm and three holes from the PSZ Zone, totaling 24,343.6 meters. Samples from 12 drill holes are awaiting results from MSA Labs, totaling 12,443.7 meters, with six additional holes currently being drilled that are expected to total more than 6,500 meters. The information released to date represents just over half of the drill information we plan to collect for this year’s program at Goldstorm. We have also received good news from MSA Labs that they hope to get back to our scheduled 15-day turn-around-time for results. We are confident that our combined efforts will expediate the news flow for the near-future.”

Goldstorm Highlights include:

Nine diamond drill holes in this release totaled 10,234.2 meters, all hitting the intended targets with favorable results listed in the tables below.
Best intercept was from GS-20-75 on Section 114+00 NE that averaged 0.741 gpt AuEq over 1152.0 metres (112.0-1264.0 m) containing an enriched portion of 121.5 meters (232.0-353.5 m) that averaged 1.561 gpt AuEq.
GS-20-75 also had a remarkable 414.0 meter intercept (833.5-1247.5 m) of 0.968 gpt AuEq within the CS-600 Zone, which is the longest intercept for CS-600 drilled to date.
Tudor Gold has surpassed the previous longest mineralized intercept with GS-20-79 on section 112+00 NE, 150 meters southwest of GS-20-75. This hole intersected 1338 meters (81.5-1419.5m) of 0.595 gpt Au Eq with the upper portion of the 300 Horizon averaging 0.877 gpt AuEq over 484.5 meters (81.5-566.0 m).
A 150 meter extension of the 300, CS-600 and DS-5 Zones was confirmed by an aggressive step-out to the northeast with hole GS-20-70 on section 115+50 NE. The intercept averaged 0.500 gpt AuEq over 1218.0 meters and mineralization remains open to the northeast, northwest and southeast along Section 115+50 NE.
The DS-5 System appears to be gaining strength to the northeast; hole GS-20-64, the north-easternmost hole, returned the strongest result for DS-5, averaging 0.983 gpt AuEq over 550.55 meters with an enriched portion averaging 1.482 gpt AuEq over 154.5 meters (Press Release July 27, 2020).

The following three tables below provide the complete list of composited drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth.

Table l: DDH Data October 26, 2020 Press Release

To view an enhanced version of Table I, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreektable1enhanced.jpg

Table ll : Gold equivalent composite values from nine Goldstorm Zone DDH’s.

To view an enhanced version of Table II, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreektable2enhanced.jpg

All assay values are uncut and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.

Table lll: Drill Data for Holes Completed, Pending Results and Currently Drilling

To view an enhanced version of Table III, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreektable3enhanced.jpg

Attached are Sections 109+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing holes traces with gold and copper histogram results and a Plan Map showing the drill hole and section locations.

Walter Storm, President and CEO, stated: “For the fourth consecutive press release this year, we again are very pleased to announce a result that surpassed our finest result from the 2019 drill program. Last year, we had an excellent intercept from hole GS-19-47, which yielded 0.697 gpt Au Eq over 1081.5 meters (Section 114+00 NE)- and now we have yet another hole, GS-20-75 with a comparable result that was drilled along the same section but in the opposite direction from GS-19-47. Drill hole GS-20-75 averaged 0.741 gpt Au Eq over an impressive 1152.0 meters. With every hole our technical team completes, we are further defining the mineralized area. Clearly, however, much more drilling is required to locate the limits of the system due to the size and robust nature of the mineralization. Our commitment is to advance the project as far as possible this year and our team will push the winter elements to continue drilling as long as the conditions permit. We are proud of what we have achieved in these last two years of exploration. Given the amount of geological potential that the entire project possesses with the Goldstorm, Perfect Storm Z, Eureka and Orpiment Systems, we believe that similar results will continue to enhance the prospects for the Treaty Creek Project.”

Darren Blaney, CEO of American Creek commented: “The Goldstorm continues to impress. Yet another step out hole has hit significant gold mineralization and has extended the zone another 150m to the northeast. Even after all this 2020 drilling, we still don’t know the extent or bounds of the Goldstorm but clearly, it’s a truly massive gold zone. I congratulate Walter, Ken, and the whole Tudor team on the incredible effort and the associated incredible success as they continue to keep six drills turning at Treaty Creek. I also commend Sean and the More Core Drilling team for their commitment and Get it Done attitude and professionalism.”

Tudor Gold Corp and associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those who are at the project site and staging site, we have strict daily monitoring of the workers’ temperatures and general health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.

For a better understanding of the mineralized zones at the Goldstorm, please view this video (which shows the original 20,000m planned drill program opposed to the 40,000m+ drill program that has taken place).

https://orders.newsfilecorp.com/files/682/66819_f86fe5d5142ddbed_004full.jpg

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 JV with Tudor Gold/Walter Storm, the D-1 McBride, and 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.

See additional images of drill locations in this press release at www.americancreek.com.

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.

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.

This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Corporation’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Corporation’s profile on www.sedar.com. The Corporation does not assume any obligation to update any forward-looking statements.

Goldstorm Zone Plan View

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreekfigure1enhanced.jpg

https://orders.newsfilecorp.com/files/682/66819_americancreekfigure2enhanced.jpg

Goldstorm Zone Section 109+00 NE

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreekfigure2enhanced.jpg

Goldstorm Zone Section 112+50 NE

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreekfigure3enhanced.jpg

https://orders.newsfilecorp.com/files/682/66819_americancreekfigure4enhanced.jpg

Goldstorm Zone Section 114+00 NE

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreekfigure4enhanced.jpg

Goldstorm Zone Section 115+50 NE

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/682/66819_americancreekfigure5enhanced.jpg

Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek’s $AMK.ca JV Partner Tudor Gold Intersects 1,152 Meters of 0.741 gpt AuEq, Including 1.561 gpt AuEq over 121.5 Meters and 0.968 gpt AuEq. $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Barrick Says Kibali May Hit Upper End of 2020 Guidance SPONSOR: Loncor Resources $LN.ca $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM at 3:50 PM on Thursday, October 22nd, 2020

This image has an empty alt attribute; its file name is Loncor-Small-Square.png

Sponsor: Loncor, a Canadian gold explorer controlling over 3.6 million high grade ounces outside of a Barrick JV. The Ngayu JV property is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 814,000 ounces of gold in 2019. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting their Tier One investment criteria. Newmont $NGT $NEM owns 7.8%, Resolute $RSG owns 27% Management owns 29% Click Here for More Info

PIONEERING KIBALI CONTINUES TO POINT THE WAY

Barrick Gold Corp.’s Kibali mine is on track to deliver at the upper end of its 2020 guidance.

Kibali was the first underground gold mine in the Democratic Republic of the Congo (DRC) and one of the largest in the world. It is a global leader in automation and continues to improve efficiency and productivity through ongoing technological innovation. In the third quarter it set a new ore delivery record from underground, exceeding nameplate for the first time since the shaft was commissioned in 2018.

“Automation is often associated with reduced employment but we use it as an opportunity to further upskill our workers and to reduce our need for expatriate specialists. It is worth noting that Kibali — one of Barrick’s elite corps of Tier 1 mines — is led by a predominantly Congolese management team in line with our policy of employing and advancing host country nationals,” Mark Bristow, president and chief executive officer.

A Tier 1 mine is one capable of producing at least 500,000 ounces of gold annually for at least 10 years at the lower end of the industry’s cost profile. Mr. Bristow said brownfields exploration was extending Kibali’s life by replacing reserves depleted by mining. Barrick’s exploration teams are also hunting for the next Kibali elsewhere in the DRC.

During the past quarter, battery technology was successfully integrated into the Kibali power grid to augment the mine’s three hydropower stations and offset the cyclical load of the winder. In line with Barrick’s global move to cleaner energy sources, the new technology will further reduce the mine’s carbon footprint and use of thermal power.

Following a meeting with President Felix Tshisekedi today, Mr. Bristow said they had agreed that Kibali had brought a thriving local economy to what was previously one of the most deprived regions in the DRC.

“The continuing paved extension to the Durba road will provide construction work for local contractors for the next three years. Community support continues to be reinforced through other initiatives such as the Renzi agribusiness project and the planned palm oil project. We also remain committed to transferring skills to the community, and the upgrading of the Kokiza Training Centre for engineers is scheduled to start later this year,” he said.

Additionally, utility buildings initially built as isolation wards during the Ebola outbreak and subsequently used as a quarantine centre for COVID-19 cases, will now be transitioned to a tropical disease centre to serve local communities.

Tags: #Assay, #Barrick, #Congo, #Crescat, #Discovery, #DRC, #Drilling, #leadership, #Loncor, #NewmontGold
Posted in All Recent Posts, Loncor | Comments Off on Barrick Says Kibali May Hit Upper End of 2020 Guidance SPONSOR: Loncor Resources $LN.ca $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Loncor $LN.ca Commences Drilling on its Key 2.5 Million Ounce Imbo Project $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM at 10:33 AM on Wednesday, October 21st, 2020

Drill program is to outline additional mineral resources to the current 2.5 million ounces at the Adumbi, Kitenge and Manzako deposits

TORONTO, Oct. 21, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce that drilling has now commenced on its 84.68% owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo. The objective of the drilling program is to outline additional mineral resources to the current 2.5 million ounces at the Adumbi, Kitenge and Manzako deposits (inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au).

Core drilling will be undertaken with the objective to increase mineral resources at the 2.19 million ounce Adumbi deposit (inferred resources of 28.97 million tonnes grading 2.35 g/t Au, equivalent to 2.19 million ounces of gold within a US$1,500/ounce pit shell). The initial holes will target mineralized zones within the open pit shell where closer spaced holes are required to outline additional resources. Drilling will then focus on outlining additional resources below the pit shell where the gold mineralization remains open at depth over a strike length of over 600 metres.

Commenting on the commencement of drilling, Loncor’s CEO Arnold Kondrat said: “Through this focussed drill program we are targeting a significant increase of resources at the Adumbi deposit, both within and below the open pit. If we achieve our expectations, the next step will be a Preliminary Economic Assessment to illustrate the positive economic potential that we believe is contained within Adumbi and the neighbouring deposits.”

Qualified Person
Peter N. Cowley, who is President of Loncor and a “qualified person” as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release.

Technical Reports
Additional information with respect to the Company’s Imbo Project (which includes the Adumbi deposit) is contained in the technical report of Minecon Resources and Services Limited dated April 17, 2020 and entitled “Independent National Instrument 43-101 Technical Report on the Imbo Project, Ituri Province, Democratic Republic of the Congo”. A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.

Additional information with respect to the Company’s Makapela Project, and certain other properties of the Company in the Ngayu gold belt, is contained in the technical report of Venmyn Rand (Pty) Ltd dated May 29, 2012 and entitled “Updated National Instrument 43-101 Independent Technical Report on the Ngayu Gold Project, Orientale Province, Democratic Republic of the Congo”. A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.

About Loncor Resources Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo (the “DRC”). The Loncor team has over two decades of experience of operating in the DRC. Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base. The area is 220 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (TSX: “ABX”; NYSE: “GOLD”). In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz. Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in 1,894 km2 of Loncor ground that they are exploring. As per the joint venture agreement signed in January 2016, Barrick manages and funds exploration on the said ground until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. In a recent announcement Barrick highlighted six prospective drill targets and have commenced confirmation drilling in 2020. Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%. Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.

In addition to the Barrick JV, certain parcels of land within the Ngayu Belt surrounding and including the Adumbi and Makapela deposits have been retained by Loncor and do not form part of the joint venture with Barrick. Barrick has certain pre-emptive rights over the Makapela deposit. Adumbi and two neighbouring deposits hold an inferred mineral resource of 2.5 million ounces of gold (30.65 million tonnes grading 2.54 g/t Au), with 84.68% of this resource being attributable to Loncor via its 84.68% interest in the project. Loncor’s Makapela deposit (which is 100%-owned by Loncor) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).

Resolute Mining Limited (ASX/LSE: “RSG”) owns 26% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering.

Additional information with respect to Loncor and its projects can be found on Loncor’s website at www.loncor.com.

Tags: #Assay, #Barrick, #Congo, #Crescat, #Discovery, #DRC, #Drilling, #leadership, #Loncor, #NewmontGold, #Ngayu
Posted in All Recent Posts, Loncor | Comments Off on Loncor $LN.ca Commences Drilling on its Key 2.5 Million Ounce Imbo Project $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Labrador Gold $LAB.ca Announces Start of Drilling at Kingsway $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca $NFG.ca $SII.ca

Posted by AGORACOM at 9:08 AM on Monday, October 19th, 2020

5 drill holes are planned
Historical grab samples range from from 1.8 g/t Au to 61.73 g/t Au

TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that drilling has begun at its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District along strike to the northeast of New Found Gold Corp’s gold discovery announced earlier this year.

Drilling started in the area around the Cracker showing where up to 5 drill holes are planned. Holes are targeting VLF-EM conductors associated with an altered mineralized gabbro and anomalous gold in soil samples. Historical results from the Cracker showing include grab samples from trenching ranging from 1.8 g/t Au to 61.73 g/t Au and channel samples ranging from <5ppb to 1.89 g/t Au.

Drilling will then proceed approximately 2km southeast to test coincident gold in soil and Mag-VLF-EM targets along two interpreted secondary structures trending northeast and north-northeast. Gold concentrations in soil samples range from below detection up to 281ppb (0.281g/t) with six samples assaying more than 100ppb Au (>0.1g/t Au). The higher concentrations are associated with the two structures.

The third drilling area is located a further 2.6km to the southeast near the Appleton #2 showing close to the intersection of a northwest trending structure with the north-northeast structure targeted in Area 2. Gold in soil anomalies range from below detection up to 686ppb (0.67g/t Au) and are associated with a strong northeast trending conductor.

The last two areas for drilling are further to the northeast approximately 4.8km and 7 km northeast of the Cracker occurrence. The first area is in an area of complicated structure that is currently being covered with the CSAMT Survey (see news release dated October 8th, 2020). Gold in soil samples range from below detection up to 547ppb Au. A single historical till sample in the area assayed 1,093ppb Au (1.09g/t) and contained 60 gold grains. This area will be drilled following receipt of results from the CSAMT survey.

The final area covers an interpreted north-northeast trending splay of the Appleton Fault Zone. Gold in soil samples range from below detection to 1,618 ppb (1.62 g/t Au).

“The start of drilling on the Kingsway Project is a major milestone that we have worked hard to achieve this field season,” said Roger Moss, President and CEO of the Company. “The last drilling on the property was in the nineties, so we are excited to drill this prospective region after a more than twenty year hiatus.“

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

Kingsway Project Drilling Locations is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1dd4124b-69bd-4fb3-afa6-64a33f4cf1d7

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

The Hopedale gold property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold has identified a 3 kilometre mineralized section of the northern portion of the belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold.

The Company has 93,294,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Tags: #Crescat, #Crescatcapital, #Discovery, #Drilling, #Gold, #Greenstone, #Groundtruth, #Hopedale, #Kingsway, #LAB, #LabGold, #LabradorGold
Posted in All Recent Posts | Comments Off on Labrador Gold $LAB.ca Announces Start of Drilling at Kingsway $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca $NFG.ca $SII.ca

VIDEO – American Creek Resources $AMK.ca Discusses Reasons For Spinout, Including Protecting Assets From Possible Acquisition $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM-JC at 8:55 AM on Thursday, October 15th, 2020

American Creek Provides Update on Its First Quarter Filings

American Creek Resources (AMK:TSX-V) Treaty Creek Project has been the subject of incredible discussion in 2020, including by Eric Sprott who stated Treaty Creek may have as much as 50,000,000 ounces of gold this summer.

There isn’t a single junior exploration company that isn’t envious of Treaty Creek and the one good problem it is creating for the Company – it is overshadowing everything else in the Company. As such, AMK announced the following:

“American Creek Announces Spinout of Dunwell Property and Other Properties and Assets and Sets Date for Annual General & Special Meeting”

Watch this powerful interview with CEO Darren Blaney as to the reasons for the spinout that go well beyond the obvious.

Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces
Posted in AGORACOM Via Satellite, All Recent Posts, American Creek Resources Ltd., Featured | Comments Off on VIDEO – American Creek Resources $AMK.ca Discusses Reasons For Spinout, Including Protecting Assets From Possible Acquisition $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Labrador Gold $LAB.ca Announces Start of CSAMT Survey at Kingsway Property $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca $NFG.ca

Posted by AGORACOM at 8:36 AM on Thursday, October 8th, 2020

The Kingsway project is located within the highly prospective Gander Gold Belt
Along strike to the northeast of Newfound Gold Corp’s gold discovery
CSAMT survey consists of 20 line kilometres tarfeting an area of gold anomalies.

TORONTO, Oct. 08, 2020 (GLOBE NEWSWIRE) Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that a CSAMT geophysical survey is currently underway at its 77km2 Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold Belt along strike to the northeast of Newfound Gold Corp’s gold discovery announced earlier this year.

Controlled Source Audio Magnetotellurics (CSAMT) is an electrical geophysical technique that measures resistivity in the subsurface down to depths in excess of 500 metres. The resistivity profiles can be used to target silicification associated with gold mineralization as well as deep structures such as the Appleton Fault Zone.

The CSAMT survey is being undertaken by Clearview Geophysics and consists of 20 line kilometres covering an area of complex structure and significant gold anomalies. The structure is dominated by the Appleton Fault Zone and associated splays and cross faults outlined by a recently completed structural assessment of the district. Geochemical anomalies from previous work covering the survey area include gold values from below detection (0.5ppb) to 800ppb (0.8g/t) in soil, 111ppb to 1,073 ppb (1.1g/t) in till and 7 to 60 gold grains recovered from the till samples.

“We are excited to get the CSAMT survey underway as it will aid us in effectively targeting potential gold mineralization at depth along the Appleton Fault Zone and associated structures,” said Roger Moss, President and CEO of the Company. “It will complement the property wide soil sampling and VLF-EM surveys that are expected to produce anomalies for further follow up by the upcoming initial drilling program.“

The Kingsway gold project covers 77 square kilometres of highly prospective ground in the Gander gold district of Newfoundland in Eastern Canada. The project is located immediately adjacent to New Found Gold’s Queensway project and just 4.5 kilometres along strike to the northeast of their recent discovery of 92.86 g/t gold over 19 metres. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). Most importantly, a recent structural interpretation of the district indicates the project covers approximately 22 kilometres of strike length of crustal scale faults, including the Dog Bay Line and Appleton Fault zone. The Appleton Fault Zone is known to be closely associated with many of the gold occurrences on New Found Gold’s Queensway project. As such, LabGold is the only other company in the district with ground covering this major crustal structure with a demonstrated association with gold mineralization. Prior gold exploration in the area covered by the Kingsway project has shown significant gold anomalies along the Appleton fault zone suggesting it remains a fertile structure for associated gold.

LabGold also announces the granting of 450,000 options to an officer and a consultant of the Company. The options are exercisable at a price of $0.45 for five years.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

The Company has 93,294,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter @LabGoldCorp

Tags: #Crescat, #Crescatcapital, #Discovery, #Drilling, #Gold, #Greenstone, #Groundtruth, #Hopedale, #Kingsway, #LAB, #LabGold, #LabradorGold, #NewFoundGold
Posted in All Recent Posts, Labrador Gold | Comments Off on Labrador Gold $LAB.ca Announces Start of CSAMT Survey at Kingsway Property $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca $NFG.ca

Labrador Gold $LAB.ca Announces Initial Results of Soil Sampling at Kingsway Property $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca $NFG.ca

Posted by AGORACOM at 11:29 AM on Monday, October 5th, 2020

Gold concentration up to 2,203ppb (2.2g/t Au) with 50 samples greater than 100ppb (0.1g/t Au)
Four areas of significant gold in soil anomalies with values up to 898ppb Au adjacent to Appleton Fault Zone
Anomalies cover a total strike length of 2.1km and are coincident with a shear zone outlined over 2.5km

TORONTO, Oct. 05, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce initial results of the soil sampling survey at its 77km2 Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold Belt along strike to the northeast of New Found Gold Corp’s gold discovery announced earlier this year. Soil sampling has now been completed with 7,740 soil samples collected over 16 grids. Results for 3,125 samples covering three grids on the Kingsway South license are reported here.

Gold values in the soils range from below detection (<0.5ppb) to 2,203ppb with 50 samples assaying greater than 100ppb. The gold in soil anomalies tend to be associated with interpreted structures, including the Appleton Fault zone, Dog Bay line and splays or cross faults to these major crustal structures.

Four northeast – southwest trending anomalies with gold values up to 898ppb and 11 samples with more than 100ppb occur adjacent to the Appleton fault zone over a combined distance of 2.1km. These anomalies are coincident with a shear zone in slate that appears to extend over approximately 2.5km based on field observations to date. The slate is carbonate altered in places and contains abundant quartz veining with local sericite alteration. Extensive sampling is currently underway along the shear zone.

Several other significant gold in soil anomalies occur on the three grids including a 532m northeast trending anomaly adjacent to the Dog Bay line with gold values from 24ppb up to 339ppb. The highest gold value of 2,203 ppb occurs within a 390m east-west trending anomaly that also includes samples with 142, 241 and 311ppb Au. This anomaly is close to the Cracker gold showing where historical grab samples resulted in assays from 1.8g/t to 61.73g/t Au (see news release dated July 6, 2020 for details).

“The initial results of the soil sampling survey have confirmed and expanded on the results of historical work. We are pleased to see the gold in soil anomalies trending along the Appleton Fault Zone and associated structures that are key to the localization of gold in the district,” said Roger Moss, President and CEO of the Company. “Follow up of the soil anomalies has already resulted in the discovery of a shear zone with significant quartz veining adjacent to the Appleton Fault Zone. We are just getting started at Kingsway and anticipate a lot more significant results to come.“

The Kingsway gold project covers 77 square kilometres of highly prospective ground in the Gander gold district of Newfoundland in Eastern Canada. The project is located immediately adjacent to New Found Gold’s Queensway project and just 2.5 kilometres along strike to the northeast of their recent discovery of 41.2 g/t gold over 4.75 metres at the Lotto Zone (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). Most importantly, a recent structural interpretation of the district indicates the project covers approximately 22 kilometres of strike length of crustal scale faults, including the Dog Bay Line and Appleton Fault zone. The Appleton Fault Zone is known to be closely associated with many of the gold occurrences on New Found Gold’s Queensway project. As such, LabGold is the only other company in the district with ground covering this major crustal structure with a demonstrated association with gold mineralization. Our recent soil sampling, as well as prior exploration in the area covered by the Kingsway project, has shown significant gold anomalies along the Appleton fault zone suggesting it remains a fertile structure for associated gold.

Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland, for sample preparation, with analyses completed at the Vancouver laboratory of Bureau Veritas. Samples were analyzed for gold and another 36 elements by ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. The company submitted blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 22km of the Appleton and Dog Bay Line faults which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies.

The Company has 93,294,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291
Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Tags: #Crescat, #Crescatcapital, #Discovery, #Drilling, #Gold, #Greenstone, #Groundtruth, #Hopedale, #Kingsway, #LAB, #LabGold, #LabradorGold, #NewFoundGold
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Labrador Gold $LAB.ca Appoints Mr. Matthieu Lapointe Vice President Exploration $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca

Posted by AGORACOM at 8:10 AM on Thursday, October 1st, 2020

TORONTO, Oct. 01, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the appointment of Matthieu (Matt) Lapointe as VP Exploration effective immediately.

Mr. Lapointe, P.Geo. has over 15 years of greenfield and brownfield precious metal exploration throughout Canada and internationally. Most recently Mr. Lapointe was Chief Geologist for TMAC Resources where he developed exploration strategy and managed regional exploration of the 1,600 km2 Hope Bay Project in Nunavut including brownfield targeting at the active Doris gold mine and two advanced stage gold deposits.

“I am very pleased to welcome Matt to the LabGold technical team,” said Roger Moss, President and CEO of the Company. “He is a seasoned explorationist well versed in evaluating large land packages and advancing projects from grassroots to production stages. I expect him to have an immediate impact on our exploration program at Kingsway, especially as we gear up for our fall drilling campaign.”

Matt Lapointe commented, “I am pleased to join the LabGold team as the company begins the next phases of exploration. LabGold has assembled an impressive property portfolio and have been systematically exploring highly prospective areas. The progress and results to date are encouraging and I look forward to continue advancing these exciting projects.”

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Company has 93,294,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Tags: #Crescat, #Crescatcapital, #Discovery, #Drilling, #Gold, #Greenstone, #Groundtruth, #Hopedale, #Kingsway, #LAB, #LabGold, #LabradorGold, #NewFoundGold, #Robinhood
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American Creek $AMK.ca: Ken Konkins’ Presentation on Treaty Creek at the Beaver Creek Precious Metals Summit $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 6:13 PM on Thursday, September 17th, 2020

For anyone who missed it we are providing the link to Tudor’s presentation on Treaty Creek. Catalin Kilofliski and Ken Konkin only took 15 minutes to do a great job at giving us details on the geological system and where the focus is at Treaty Creek. We highly encourage everyone to take a few minutes to watch it.

Simply click here: https://wsw.com/webcast/preciousmetals/tud.v/?lobby=true&day=3

The Treaty Creek Project is a Joint Venture with Tudor Gold, who owns 3/5th and acts as the operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

We also recommend you forwarding this to friends, family, or anyone else you may know that has an interest in the gold mining sector.

American Creek Homepage

Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca: Ken Konkins’ Presentation on Treaty Creek at the Beaver Creek Precious Metals Summit $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

American Creek $AMK.ca Completes High-Resolution Magnetic and LIDAR Surveys at Past Producing Dunwell Mine Property in Golden Triangle of BC $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 8:38 AM on Friday, September 11th, 2020

American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to report that it has now completed a 450 line km high-resolution magnetic survey in combination with a LIDAR survey at the company’s 100% owned Dunwell Mine gold and silver property located in the Golden Triangle of British Columbia.

Genesis Aviation Inc. was chosen to complete the High-Resolution Gradient Magnetometer survey in conjunction with a Three-Dimensional LIDAR survey over the property. This type of magnetic survey is flown by a low altitude helicopter and offers Measured Horizontal and Vertical Gradient data. This makes a significant difference to the magnetic inversion that provides a model at depth. The survey, which was conducted over the whole property, will allow the past, present and future geological and geophysical programs to be correlated with a much higher degree of accuracy than otherwise possible.

The geophysical instruments used were GEM Systems GSMP-35A Potassium Vapor Magnetometers mounted in a Tri-Axal array.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/63609_69498c26e4ecb98a_001full.jpg

Darren Blaney, CEO and President stated: “We look forward to seeing the results of the recently completed magnetic and Lidar surveys as that new data, combined with our fall 2019 IP data, will greatly expand our understanding of the underground geology and enhance drill placement and targeting. We will also now be able to develop strong correlations between known mineralized zones and future untested targets thus potentially improving our hit ratio as we target these high-grade vein systems with the drill.

We have always thought that the numerous high-grade gold and silver showings associated with the Portland Canal Fissure Zone, that extends through the property for several kilometers down the valley, are related in some meaningful way and are likely part of the same geological event. We will soon be in position to begin proving this with the commencement of the Dunwell Phase II drill program planned for this fall.”

The Dunwell Mine is a high-grade past producing polymetallic mine located just 8 kilometers by road from the shipping town of Stewart, BC. The mine itself is one of dozens of high-grade gold / silver / lead / zinc occurrences that are primarily associated with the Portland Canal Fissure zone that extends for several kilometers through the property. The Dunwell Mine project boasts exceptional logistics and a rich mining history with potential for future development. It is located within the Bear River valley which was one of the first areas prospected in the Stewart camp because of its combination of rich veins and easy access due to the low elevation and close proximity to town.

Image of the historic Dunwell Mine which shut down during World War II.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/63609_69498c26e4ecb98a_002full.jpg

Because of the property’s low elevation and heavy rainfall, it is completely covered with a heavy canopy of vegetation with exposed bedrock limited to gullies and stream beds. Notwithstanding this limited surface outcrop, there are over two dozen known high-grade showings on the property. As no modern exploration techniques or technologies had been employed on the Dunwell property prior to American Creek’s acquisition, careful consideration was given as to the best options and techniques that could lead to discovery. This analysis resulted in a decision to proceed with an extensive Induced Polarization (IP) survey in the fall of 2019 and, to further define targets, this just completed detailed Magnetic survey in 2020.

Alpha IP was chosen over a conventional IP survey because of its cutting-edge technology in detecting detailed high chargeability / low resistance anomalies in the ground. Specifically, the Alpha IP survey has far greater resolution and depth than standard IP’s and can provide the data in a 3D view. These are critical factors as the Dunwell Mine property contains numerous high-grade veins that are potentially more readily detected using a high-resolution survey.

Simcoe Geoscience, who performed the survey, was chosen because of their exceptional experience in this field and the in-depth interpretation they provide. Once the data provided by Genesis is processed, Simcoe will also be using their expertise to integrate the new 3D Magnetic Survey results with the existing IP results, the 2019 maiden drill program results, and all historic data in order to fine tune drill targets. Simcoe’s same Alpha IP system continues to achieve success locating high-grade veins at Ascot’s neighboring Silbak-Premier Mine (9km away).

The exploration objectives of the Alpha IP survey were to detect the source of potential high‐grade Au, Ag, Pb, Zn, Cu in quartz and detect quartz breccia vein systems hosted within thin bedded argillite, siltstone and greywacke of the Middle Jurassic Salmon River Formation (Hazelton Group). The Alpha IP system was used to provide the following benefits:

Detect and delineate zones and structures related to the emplacement of sulphide mineralization to depths of up to 400 meters with chargeability and resistivity.
Mapping the resistivity and chargeability features related to mineralization, alteration, faults and lithologies.

Results from the fall 2019 survey resulted in thirty-seven anomalous zones being identified and interpreted as significant targets for follow up from surface to ~300m+ depth. Out of thirty-seven anomalous zones, fifteen are considered first priority, sixteen second and six are third priority targets. The anomalous zones consist of strong to moderate chargeability related to associated conductive to resistive zones. These targets have a strong correlation with the Portland Canal Fissure Zone with the strongest targets running along the Dunwell Creek / Portland Canal Faults, the secondary targets running down each side of the primary target, and the tertiary targets running along the western edge of the fissure zone.

Property Description and History

The Dunwell property is located just 7 km east of the Silbak Premier Mine (Ascot Resources), 11 km west of the Red Mountain deposit (Ascot – formally IDM), and only 9 km north of the past producing Porter Idaho silver mine (Strikepoint Gold). Through a series of strategic acquisitions American Creek was able to purchase the past-producing Dunwell Mine as well as several adjoining very prospective properties, combining them into one large land package that encompasses the most promising gold and silver mineral occurrences and historic workings within the Bear River valley. The amalgamated property spans 2,222 hectares covering the majority of the Portland Canal Fissure Zone, an area first prospected in the late 1800’s and hosting some of the earliest producing gold and silver mines in the Stewart area.

Image of the Dunwell Mine Property located between Ascot’s Premier Mine and Red Mountain.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/63609_69498c26e4ecb98a_003full.jpg

The Portland Canal Fissure Zone is the most significant geological feature in the Bear River valley. This zone of faulting and shearing trends north, dips steeply west, and hosts a vein system that extends southward for 6.5 kilometres from the Victoria/Dandy occurrence (on Dunwell) in the north, through the Dunwell mine itself, across Glacier Creek to the Ben Bolt occurrence (on Dunwell) in the south. With the recent acquisition of the Glacier Creek Crown Grants (south of Glacier Creek), American Creek now controls 5km of the 6.5km fissure zone which contains numerous high-grade polymetallic mineral occurrences including two past producing mines (Dunwell and Portland Canal).

The Dunwell project is located 8km northeast of Stewart and is road accessible with the Dunwell Mine adit itself located only 2km from Highway 37A and a major power line (both running through the property). Stewart hosts two deep sea ports including ore loading and shipping facilities. Unlike the majority of mineral properties located in the Golden Triangle near Stewart, the Dunwell Mine is located in low mountainous terrain (800m and lower elevation) with relatively moderate relief. These features allow for potential year-round work which typically isn’t the case for exploration programs conducted in the Stewart region where projects are typically at higher altitude, are accessible only by helicopter, and lack critical infrastructure such as roads and power. The Dunwell Mine project may very well have the best logistics of any project within the Golden Triangle.

Image of the Dunwell Mine Project boundary and high-grade showings.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/63609_69498c26e4ecb98a_004full.jpg

According to historic records, the Dunwell Mine is the most significant mineral occurrence within the Portland Canal Fissure Zone. Production at the Dunwell occurred between 1926 and 1941. From historic production reports, it appears that a total of 45,657 tonnes averaging 6.63 g/t gold, 223.91 g/t silver, 1.83% lead, 2.43% zinc and 0.056% copper were produced.

American Creek’s Phase I maiden drill program on the Dunwell (which took place within the vicinity of the Dunwell Mine in the fall of 2019) produced many high-grade intercepts including:

19.4 g/t AuEq over 3.6m
20.3 g/t AuEq over 2.69m
38.1 g/t AuEq over 0.5m
28.5 g/t AuEq over 0.45m
24.4 g/t AuEq over 0.5m
18.4 g/t AuEq over 1.5m
19.5 g/t AuEq over 1.2m
13.3 g/t AuEq over 1.4m
16.2 g.t AuEq over 0.8m
15.1 g/t AuEq over 0.6m
28.2 g/t AuEq over 0.43m
18.5 g/t AuEq over 0.7m
10.7 g/t AuEq over 1m
15.1 g/t AuEq over 0.6m

*AuEq uses $1,500 gold, $18 silver, $0.88 lead, $0.95 Zinc and $2.5 copper

For a table showing breakdown of metals and complete results please click here for the press release.

In addition to the Dunwell mine itself, the property package also contains over two dozen other high-grade gold and silver occurrences and historic small-scale gold/silver high-grading operations along a north/south trend that correlates to the fissure zone and major faulting. Some examples of the nine areas on the Dunwell property that produced ore historically are:

Ben Ali: 4,500 tons at 21.6 g/t gold
Lakeview 60 tons at 4.7 g/t gold, 2,734 g/t silver, and 11.5% lead
Victoria 11 tons at 20.15 g/t gold, 775 g/t silver, 25% lead
Tyee 8.2 tons at 124.4 g/t gold and 4,478.8 g/t silver
George E 12 tons at 13 g/t gold and 3,250 g/t silver, 23.3% lead

Each of these areas were producing during the 1930’s when exploration techniques and technology was very primitive. They were basically high-grading operations focused on vein systems that were exposed on surface.

The High-Resolution Gradient Magnetometer survey combined with the 3D Alpha IP survey represent the cutting edge in geophysical technology today and are designed to aid with understanding potential correlations between the multiple high-grade surface showings.

The Dunwell Phase II drill program is expected to commence in the near future once the data and interpretation from the geophysical survey is integrated with the IP data, last year’s drilling data, and all historical data.

For more information on the Dunwell Mine Project please click here:
https://americancreek.com/index.php/projects/dunwell-mine

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Jim McRae, 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 holds a strong portfolio of gold and silver properties in British Columbia.

The portfolio includes three Golden Triangle gold/silver properties; the Treaty Creek joint venture with Walter Storm/Tudor Gold, as well as the 100% owned D-1 McBride property and 100% owned past-producing Dunwell Mine.

Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com.

Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces, #SII
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