Posted by AGORACOM-JC
at 10:31 AM on Wednesday, September 25th, 2019
There is a lot we could say about American Creek’s Treaty Creek Project … But we’ll let the words of 4 much smarter and wealthier people do all the talking:
Walter Storm, CEO Tudor Gold (JV Partner)
“These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system.
Ken Konkin , Tudor Gold Exploration Manager (Credited With Discovering Brucejack Mine Just South Of Treaty Creek)
“”Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system.
“Eric Sprott, Billionaire Investor and 2X Investor In American Creek Resources
“What we’re shooting for is to define a 10 or 20-million-ounce discovery“
Darren Blaney, President & CEO American Creek Resources “Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth.”
Grab your favourite beverage, watch this interview with American Creek Resources and start your due diligence.
Posted by AGORACOM-JC
at 9:48 AM on Tuesday, August 27th, 2019
American Creek Resources (AMK:TSXV) was flying under the radar until July 19th, until Canadian Billionaire Investor Eric Sprott said the following about the Company’s flagship project:
“It’s drilling a monster play just like the GT Gold play …. It’s in the perfect logistical place to develop it ….. what we’re shooting for is to define a 10 or 20-million-ounce discovery…â€
The property he is discussing is Treaty Creek, which is located in the “Golden Triangle” and adjoins both Pretium Resources’ Brucejack-Snowfield property and Seabridge Gold’s KSM property. That is one hell of a neighbourhood.
Add in the fact that JV partner Tudor Gold is run by Walter Storm, the man who financed Osisko to a $3.4 Billion exit and you are beginning to see why Eric Sprott just doubled down on American Creek Resources.
Eric Sprott + Walter Storm + Seabridge Gold + Pretium Resources = WATCH THIS INTERVIEW.
Posted by AGORACOM-JC
at 7:12 PM on Sunday, August 25th, 2019
Intends to expand the non-brokered private placement announced on Friday in order to include an additional $1,000,000 investment by Eric Sprott.
Darren Blaney, President & CEO of American Creek stated: “We welcome Mr. Sprott’s further support and additional significant contribution. We greatly appreciate not only his endorsement but also his enthusiasm for the future potential of American Creek’s vision and projects.”
Cardston, Alberta–(August 25, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) (“American Creek”) is pleased to announce that it intends to expand the non-brokered private placement announced on Friday in order to include an additional $1,000,000 investment by Eric Sprott.
Darren Blaney, President & CEO of American Creek stated: “We
welcome Mr. Sprott’s further support and additional significant
contribution. We greatly appreciate not only his endorsement but also
his enthusiasm for the future potential of American Creek’s vision and
projects.”
The offering (“Offering”) is now comprised of 5,666,666 flow-through
units (“FT Units”) at a price of $0.09 per FT Unit for gross proceeds of
up to $510,000 and 15,625,000 non-flow-through units (“NFT Units”) at a
price of $0.08 per NFT Unit for gross proceeds of up to $1,250,000.
Each FT Unit will consist of one flow-through common share of the
Corporation (“FT Share”) and one non-transferable common share purchase
warrant (a “Warrant”). Each Warrant entitles the holder to purchase one
non-flow-through common share (“NFT Share”) at an exercise price of
$0.12 for a period of two years from the closing date of the Offering
except that, from and after the date that is four months and one day
after the closing date, if the closing price of the Corporation’s shares
exceeds $0.15 for 30 consecutive days, the Corporation may, at any time
thereafter, accelerate the expiry date of the Warrants to the date that
is 15 days following the date on which the Corporation issues notice to
all the Warrant holders of the new expiry date.
Each NFT Unit will consist of one NFT Share and one non-transferable
common share purchase warrant (a “Warrant”). Each Warrant entitles the
holder to purchase one NFT Share at an exercise price of $0.12 for a
period of two years from the closing date of the Offering except that,
from and after the date that is four months and one day after the
closing date, if the closing price of the Corporation’s shares exceeds
$0.15 for 30 consecutive days, the Corporation may, at any time
thereafter, accelerate the expiry date of the Warrants to the date that
is 15 days following the date on which the Corporation issues notice to
all the Warrant holders of the new expiry date.
Units will be offered to qualified purchasers in reliance upon
exemptions from prospectus and registration requirements of applicable
securities legislation. Proceeds from the sale of the FT Share portion
of each FT Unit will be used to incur expenditures which qualify as
Canadian Exploration Expenses and will be spent on the Corporation’s
projects located in British Columbia. Proceeds from the NFT Units will
be used for general operating purposes as well as advancing the
Corporation’s portfolio of mineral properties.
The Offering is subject to acceptance by the TSX Venture Exchange
(the “Exchange”) and if permitted under applicable securities laws and
by the Exchange, the Corporation will pay a finder’s fee to arm’s length
third parties (a “Finder”) equal to 7% of the gross proceeds realized
from the sales made to purchasers referred to the Corporation by a
Finder, payable in cash, together with a non-transferrable warrant
(“Finder’s Warrant”) to purchase the number of NFT Shares equal to 7% of
the gross number of shares from the sales made to purchasers referred
to the Corporation by a Finder at a price of $0.12 per Common Share for a
period of two years from the closing date of the Offering except that,
from and after the date that is four months and one day after the
closing date, if the closing price of the Corporation’s shares exceeds
$0.15 for 30 consecutive days, the Corporation may, at any time
thereafter, accelerate the expiry date of the Finder’s Warrants to the
date that is 15 days following the date on which the Corporation issues
notice to all the Warrant holders of the new expiry date.
About American Creek
American Creek is a Canadian junior mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden
Triangle”; the Treaty Creek and Electrum joint venture projects with
Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell
Mine.
A major drill program is presently being conducted at Treaty Creek by
JV partner and operator Tudor Gold. There are now two drills working on
the Goldstorm zone with the objective of defining a significant maiden
gold resource. The last hole reported included a 780 meter intercept of 0.683 g/t gold including a higher grade upper portion of 1.095 g/t over 370.5 meters.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning
60% and acting as operator. American Creek and Teuton Resources each
have 20% interests in the project. American Creek and Teuton are both
fully carried until such time as a Production Notice is issued, at which
time they are required to contribute their respective 20% share of
development costs. Until such time, Tudor is required to fund all
exploration and development costs while both American Creek and Teuton
have “free rides”.
A drill program also recently commenced on the 100% owned Dunwell Mine property located near Stewart.
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
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.