Posted by AGORACOM
at 7:00 PM on Sunday, June 13th, 2021
American Creek ( AMK:TSXV ) is located in one of the best mining jurisdictions in the world in B.C. Canada. They are already partnered to a world class discovery and just embarked on this years exploration program to determine how big their Goldstorm deposit really is, and to see if the deposit is not alone. There may yet be a whole storm of deposits out there on the property.
The Treaty Creek project is in the Golden Triangle on one of the largest hydrothermal systems in the world. The “Sulphurets Hydrothermal system” supports numerous world scale deposits, including the high-grade Brucejack mine (opened 2017 by Pretivm) and Seabridge’s KSM which boasts the largest undeveloped gold deposit by reserves in the world.
The southern half of the system contains 188m oz gold, 1.2 bn oz silver, 55bn lbs. copper in resources.
American Creeks Treaty Creek project is a Joint Venture. Tudor Gold owns 3/5th, is the operator and controls all costs associated with development and discovery. American Creek owns 20% and is fully carried until a “Production Notice” is issued and benefits from a “free ride” on any discovery, or discoveries made, to which there is one to date.
In March the 1st the very first resource calculation was released for Treaty Creek’s Goldstorm deposit. It is true world class, opening with 19.4m ounces of gold equivalent in Indicated and 7.9m Inferred. The potential to grow with further drilling is substantial.
A 2021 Phase 1, 30,00m, 4 drill program is underway to define where the mineralization stops in order to truly define the scope of the Goldstorm deposit. It is still open in all directions. Not too many companies have the advantage of this position, let alone at no cost.
There will be 2 more drills and 20,000 more metres added to the program later this summer targeting new discoveries.
Last Year Eric Sprott said the following about the Goldstorm Deposit on Treaty Creek:”
“It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)” Eric Sprott, July 24, 2020
I wonder how many ounces he will be counting at the end of this drill campaign. Or will it be discoveries?
Drop in and enjoy this illustrative narrative with Kelvin Burton of American Creek and discover the world class scale of Treaty Creek.
Posted by AGORACOM
at 9:40 AM on Wednesday, April 21st, 2021
Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) reports that further to the news of April 1, 2021, Durango has applied for drill permits on its wholly owned Discovery property.
The Discovery Property is 6,700ha in size and covers an important geological NE-SW regional structure which continues towards Troilus. The Property has great road access from the Route du Nord and is easily accessible due to the unusually warm spring weather conditions. Durango has applied for 15 exploration drill holes on the Discovery property for the 2021 exploration season.
Durango’s technical team is in the process of preparing an exploration program for the Discovery Property in June 2021, after it completes its exploration program at Windfall Lake and will announce the plans in more detail as they become available.
Durango CEO, Marcy Kiesman, stated, “Durango’s previous grab samples returned up to 7 g/t gold at surface on the Discovery property in a quartz vein in basalt. We look forward to receiving our permits so we can conduct follow up work on the Discovery property this summer.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Discovery Property has not yet been subject to an NI-43-101 report.
Discovery (Découverte), Québec
Durango owns 100% interest in the Discovery claims, which are adjacent Osisko Mining Inc. (TSX-OSK) and are 60km away from Troilus Gold Inc.’s past producing mine. The claims are located 100km away from Chibougamau, Québec in the Frotet Evans greenstone belt with year-round road access from the Route Nord. The 6,700-hectare property is compelling due to the structurally important south dipping synclinal fold nose deformed by a northwest fault zone and northeast structures.
Posted by AGORACOM
at 9:11 AM on Wednesday, April 21st, 2021
Brookville Capital Intelligence Report Covers Treaty Creek Partners
The Brookville Capital Intelligence Report is a weekly newsletter out of London that covers the commodities markets. It tells subscribers about a wide variety of companies and has delivered some very strong returns. For example it told subscribers about Chalice when it was 15.5 cents and today it’s over $6.
Commodity TV is a channel focused on mining companies, experts, analysts and professional opinions of funds managers and more. Their video presentation of Treaty Creek can be found by clicking through the button below.
Fundamental Research Corp is one of the largest independent research houses in the world, with a 17-year track record of covering 550+ companies. As of April 05, 2021, FRC’s top picks were up 69.3% on average since initiation of coverage. Last week they initiated coverage on our JV Partner Tudor Gold / Treaty Creek.
The comprehensive report mention on Commodity TV can be accessed on their website by subscribing to their free membership.
EVEN, EVEN MORE COVERAGE: Stansberry Research, one of the largest investment research firms in the United States, had initiated coverage of Tudor Gold / Treaty Creek last year and issued an update on April 7th, 2021. This article can be accessed by subscribing to the Gold & Silver Report at Stansberry Research.
Posted by AGORACOM
at 9:15 AM on Monday, April 12th, 2021
Fundamental Research Corp is one of the largest independent research houses in the world, with a 17-year track record of covering 550+ companies.
As of April 05, 2021, FRC’s top picks were up 69.3% on average since initiation of coverage. Last week they initiated coverage on our JV Partner Tudor Gold / Treaty Creek
The comprehensive report on TUD and Treaty Creek can be accessed on their website by subscribing to their free membership.
Posted by AGORACOM
at 9:18 AM on Monday, April 5th, 2021
Affinity Metals Corp. (TSXV: AFF) (FSE: 34IA) (“the Corporation”) (“Affinity”) is pleased to announce that results from the initial three diamond drill holes have confirmed the presence of gold mineralization within the first target area on the Carscallen Extension project located immediately adjacent to the Kirkland Lake – Melkior Carscallen Joint Venture.
The three drill holes in this initial phase of exploration work were drilled within the Deloro geological assemblage and were located to test an airborne acoustical EM target at depth. Carx-20-01 was collared at UTM coordinate 450544.7 m E, 5360519 m N (Zone 17), and was drilled with a dip of 86 degrees at an azimuth of 348 degrees. This drill hole was successful in intersecting gold mineralization within a cherty banded iron formation that returned 0.21 g/t over 2 m from 429 m to 531 m. A second intersection further down the hole in a sheared metavolcanic breccia with quartz-carbonate veining and pyrite/chalcopyrite mineralization returned 0.21 g/t gold over 6 m from 535 m to 541 m. Carx-20-02 collared at 450596 m E, 5360519 m N and Carx-20-03 collared at 45068.8 m E, 5360525.6 m N also intersected numerous zones of sheared metavolcanics containing mineralized quartz calcite veining that also returned anomalous values for gold.
Drill core was logged and intervals selected for sampling were split using a diamond saw. Half core samples were submitted to Northern Mining Analytical Laboratory of Timmins, Ontario (“NMAL”) for gold analysis using fire assay with atomic absorption finish. NMAL is certified by the Standards Council of Canada to ISO/IEC standard 17025:2017. Internal laboratory QA/QC was carried by insertion of certified reference materials (blanks, standards and duplicates) into the sample stream.
The Corporation is encouraged with the initial results from this program in that gold mineralization encountered in holes Carx-20-01 to 03 is similar to gold mineralization reported in the banded iron formations and sheared metavolcanic breccia with quartz calcite veining observed at the Wire Gold occurrence on the neighbouring Kirkland Lake – Melkior Carscallen JV Project.
Initial exploration plans identified several prospective targets on various locations on the property. This initial drilling was designed to test one of the anomalies with the most cost effective logistics that would test the correlation of potential mineralization with the acoustical EM geophysics model. The property hosts multiple targets that warrant further exploration given the initial apparent confirmation of the exploration model.
Affinity CEO, Rob Edwards, stated, “Affinity is fortunate to be in the Timmins Exploration Camp; the prolific area hosts some very successful projects and companies as neighbors. We are encouraged by the initial drill results on the Carscallen Extension Project and are looking forward to using the information we have assembled with this first phase of exploration to further our success in this area. Now that we seem to have initial confirmation of the model, the targets that require a little more work logistically will warrant further exploration. We will be working with our geophysics and geology teams to synthesize the initial models with detailed core logging and drill results to better confirm targets for further exploration. With the information now available, our team can move forward with a higher degree of certainty that their combined knowledge and technology have the potential to identify anomalous systems hosting large scale mineralization.”
Posted by AGORACOM
at 9:54 AM on Thursday, April 1st, 2021
Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) reports that Troilus Gold Corp. (“Troilus”) (TSX-TLG) announced on March 23, 2021 that it entered into a definitive agreement with UrbanGold Minerals Inc. (“UrbanGold”) (TSXV-UGM) to acquire all the issued and outstanding common shares of UrbanGold, for approximately $19M.
If the consolidation completes, the Troilus land holdings will be over 142,000 hectares and magnify its position as the largest mineral claim holder in the region. Durango’s Discovery (Découverte) Property is located on strike to the southwest of the past producing Troilus mine and neighbours UrbanGold. The Discovery Property is 6,700ha in size and covers an important geological NE-SW regional structure. The Property has great road access and it is located a few kilometers from the Route du Nord.
Durango’s technical team is in the process of preparing an exploration program for the Discovery Property in June 2021, after it completes its exploration program at Windfall Lake and will announce the plans in more detail as they become available.
Durango CEO, Marcy Kiesman, stated, “Durango is situated on strike with the Troilus Gold mine and will become a direct neighbour of Troilus Gold upon completion of the proposed transaction. This consolidation of the region is positive for Durango and for the exploration and growth of all of the assets in the area.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Discovery Property has not yet been subject to an NI-43-101 report.
Discovery (Découverte), Québec
Durango owns 100% interest in the Discovery claims, which are adjacent Osisko Mining Inc. (TSX-OSK) and are 60km away from Troilus Gold Inc.’s past producing mine. The claims are located 100km away from Chibougamau, Québec in the Frotet Evans greenstone belt with year-round road access from the Route Nord. The 6,700-hectare property is compelling due to the structurally important south dipping synclinal fold nose deformed by a northwest fault zone and northeast structures.
Loncor Resources Inc. (“Loncor” or the “Company”) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce further significant assay results from its drilling program within its 84.68%-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo. The deepest borehole drilled to date at its flagship Adumbi deposit, LADD009 intersected 32.15 metres grading 6.17 grammes per tonne (g/t) gold (including 1.46 metres grading 94.77 g/t Au), 15.36 metres grading 3.73 g/t gold (including 5.89 metres grading 6.56 g/t Au), 5.00 metres grading 3.17 g/t gold and 7.45 metres grading 1.48 g/t gold.
Mineralized sections for borehole LADD009 are summarised in the table below:
Borehole Number
From (m)
To (m)
Intersected Width (m)
Grade (g/t) Au
LADD009
559.76
564.76
5.00
3.17
LADD009
581.90
614.05
32.15
6.17
LADD009 including
599.05
600.51
1.46
94.77
LADD009
629.56
644.92
15.36
3.73
LADD009 including
632.00
637.89
5.89
6.56
LADD009
650.50
657.95
7.45
1.48
Borehole LADD009 had an inclination of minus 75 degrees and azimuth of 218 degrees at the start of hole and regular measurements of inclination and azimuth were taken at 30 metre intervals down the hole. All core was orientated, and it is estimated that the true widths of the mineralised sections are approximately 82% of the intersected width. All intercepted grades are uncut with maximum internal dilution equal to or less than 4 metres of intersected width. Borehole LADD009 intersected the mineralization at a depth of approximately 140 metres below the open pit shell (see Figures 2 and 3 below). Boreholes LADD012 and LADD013 are currently being drilled (LADD011 was abandoned before reaching target depth due to mechanical problems and LADD013 is being drilled in its place).
Commenting on these latest drilling results, Loncor President Peter Cowley said: “Borehole LADD009 is the deepest hole drilled to date at Adumbi as well as the highest value in terms of the product of grade multiplied by true width for the multiple intersections (see Figure 2). These excellent results combined with previous results from the ongoing drilling program indicate that gold grades are increasing with depth. We continue to be excited by the results at Adumbi. The holes from our current drilling program have intersected significant widths and grades and will increase the current open pittable, inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at the Adumbi deposit. Studies are underway to quantify this increase.”
The gold mineralization at Adumbi is associated with a thick package (up to 130 metres) of interbedded banded ironstone and quartz carbonate and chlorite schist with higher grade sections being found in a strongly altered siliceous unit termed “Replaced Rock” (RP) where structural deformation and alteration has completely destroyed the primary host lithological fabric. Disseminated sulphide assemblages include pyrite, pyrrhotite and arsenopyrite which can attain up to 20% of the total rock in places.
The objective of the current drilling program at Adumbi is to outline additional mineral resources to the current inferred mineral resource of 2.5 million ounces of gold on Loncor’s 84.68%-owned Imbo Project which contains the Adumbi, Kitenge and Manzako deposits (inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au).
Posted by AGORACOM
at 10:53 AM on Monday, March 22nd, 2021
– One of the largest gold discoveries in decades – Open in all directions and at depth – Exploration to increase in 2021 – Tudor is discovering gold at 1/50th the industry average* – Cost of discovery for AMK is $0 / Ounce – And yet… The Best Is Yet To Come! —————————————————————————————- American Creek Resources (TSX-V: AMK) Tudor Gold (TSX-V: TUD)
American Creek’s JV partner and operator at Treaty Creek, Tudor Gold, just announced a 27 million ounce gold equivalent resource* for the Goldstorm zone. This brings Goldstorm into a World Class category and while a discovery of this magnitude is very rare, Tudor’s VP of Exploration Ken Konkin says he’s just getting started. In the interview he states:
“This is the first page of a great book…I’m very excited about what we may find this year…I’m very optimistic.”
Every American Creek shareholder (and their friends and family) should watch Ken Konkin’s interview. Ken’s discussion highlights the true blue sky potential that Treaty Creek has. Who else in the world has ever said:
“You give me $30M and I’ll give you 30M ounces” [of gold M&I]
In the interview Ken lays out his priorities for the 2021 Drill Program. Priority #1 is to find the extent of the Goldstorm with big step outs then infill and convert as much of the Inferred resource into Measured and Indicated (M&I). Priority #2 is to expand exploratory drilling on the PS2 and Eureka zones.
“See if we can find another 15, 20, 25 million ounce deposit”
2021 at Treaty Creek is going to have more drills, more meters of drilling, convert Inferred resources to Measured & Indicated resources, expand the Goldstorm, develop the Perfect Storm zone, test the Eureka zone, and more. After watching this interview you’ll realize why… The Best Is Yet To Come!
Posted by AGORACOM
at 9:12 AM on Friday, March 19th, 2021
Affinity Metals Corp. (TSX-V:AFF) (FRANKFURT: 34IA) (“the Company” or “Affinity”) is pleased to provide shareholders with an update of the Company’s ongoing exploration initiatives and general corporate activities.
The Company is currently awaiting assay results related to diamond drill programs in 2020 and 2021. Assay wait times have been significantly longer this year due to COVID 19 and increased exploration activities across Canada. Assay results from the Regal Property drill program and the Carscallen Extension Project are pending and the Company expects to receive them soon. Upon receipt of the assay results, the Company’s geological team will compile, verify and interpret the information as soon as possible for public release.
Specific property updates are as follows:
Regal Property: The Regal Property is located near Revelstoke, British Columbia within the northern end of the prolific Kootenay Arc and is south east and on trend with Rokmaster Resources’ Revel Ridge project. A total of 3,442 meters over 19 holes of diamond drilling was completed on Oct. 29, 2020 and core was delivered to the lab shortly after the program was completed. Assays results are pending and are expected to be received very soon. A follow up diamond drill program is being planned and assay results will be utilized to guide additional exploration for the upcoming exploration season.
Carscallen Extension Property: The Carscallen Extension Property is located near Timmons, Ontario and immediately adjoins the Carscallen Project currently being explored under a joint venture agreement between Kirkland Lake Gold Ltd. and Melkior Resources Inc. An initial drill program commenced on Nov. 19, 2020 designed to test a large zone identified by aerial acoustic geophysics on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV. Melkior has reported that the Shenkman-ZamZam zone extends for 800 meters and is open to both the northwest and southeast, as well as at depth. High grade intercepts reported by Melkior on the Carscallen include 23.5 g/t Au over 8.0 meters (Melkior news release 28/11/2019) and 25.7 g/t Au over 6.0 meters (Melkior news release 7/5/2020). To date, three diamond drill holes have been completed totalling 1,850 meters. Initial test samples were sent to the lab while detailed logging of the core was ongoing. Further samples were identified during core logging and have also been sent for assay. Results are pending.
Windfall North Property: Affinity Metals holds a 100% owned mineral property in Quebec, Canada that adjoins Osisko’s world class Windfall Lake project claim holdings. The property resides on the Eastern portion of the prolific Abitibi Greenstone Belt.
Affinity staked the North Windfall claims based on the interpreted northeast trend of the Windfall Lake Fault from the Windfall Lake gold deposit and plans to conduct geological and geophysical data compilation in order to generate drill targets in anticipation of a diamond drill program in 2021.
Rob Edwards, CEO of Affinity Metals, remarks, “As we look into 2021 we are very excited to establish plans for further advancement of our key properties. Unfortunately, assay labs have been plagued with delays as Covid-19 and the volume of exploration has caused a drastic increase in turnaround times from what the industry is accustomed to. The delays of setting a waypoint for 2021 exploration programs will hopefully be short lived as we expect results from the 2020 exploration programs soon.
Additionally, Affinity has good neighbors with good geology surrounding its key exploration properties. Recent developments on these properties bordering Affinity’s properties seem likely to continue to provide added exposure and value to the Company and its shareholders. Specifically, on the Regal Property in BC, Rokmaster Resources has expanded its 2021 Drill Program to 10,000 meters after positive results. The Kirkland Lake/Melkior joint venture in Ontario on the Carscallen Project has been expanded to 6,600 meters of diamond drilling and in Quebec, Osisko Mining continues to prove up their Windfall Project with some extremely encouraging drill results. Affinity and its investors have so much to look forward to in 2021.”
