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Explor Resources Exploration Program Update on the Timmins Porcupine West Gold Property $EXS.ca

Posted by AGORACOM-JC at 4:37 PM on Thursday, November 24th, 2016

Announced an Exploration Program Update on the Timmins Porcupine West Property as provided by Teck Resources Limited
In December 2014, the Corporation signed an agreement with Teck under which Teck can acquire an initial 55% interest in the Timmins Porcupine West property by completing exploration work expenditures totaling $8,000,000 by May 1^st, 2019

ROUYN-NORANDA, QUEBEC–(Nov. 24, 2016) –Â Explor Resources Inc.Â (“Explor” or “the Corporation”)Â (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1)Â is pleased to announce an Exploration Program Update on the Timmins Porcupine West Property (“TPW Property” or the “Property“) as provided by Teck Resources Limited (“Teck“). In December 2014, the Corporation signed an agreement with Teck under which Teck can acquire an initial 55% interest in the Timmins Porcupine West property by completing exploration work expenditures totalling $8,000,000 by May 1^st, 2019.

A technical meeting was held on October 07, 2016 that reviewed results to date as well as plans going forward on the property as detailed below.

In 2016, the focus has been reviewing the volume of data received in 2015, and developing vectors to mineralization in order to make drilling more efficient. Key points of this work included:

Development of a ‘sericite index’ reflecting particular white mica compositions, as mapped byÂ Short Wave Infrared (“SWIR”) techniques, which have a close spatial association with high grade gold intersections.
Identification of key geochemical pathfinders to mineralization, including zinc, sulphur, lead, iron, among others.
The combination of the alteration with the geochemistry can be used to identify ‘near-hit’ holes, and potential upside for West-Deep style mineralization.

The work completed by Teck to date has confirmed and identified a hydrothermal corridor (the “Porcupine Horizon”) through geochemistry and SWIR data, and selection of ‘near-hit’ holes, techniques were investigated in an effort to vector to mineralization within this plane, and to increase drill metre efficiency through geophysics.The results of the alteration and geochemistry studies support the hypothesis of an approximately east-west corridor hydrothermal corridor, within which the West Deep Zone defines a discrete ore shoot. In April 2016, Teck conducted a borehole physical property survey using in-house equipment, as well as non-destructive benchtop studies of known mineralization to identify geophysics options.

The results indicated that mineralization is chargeable (IP), but produces false anomalies (non-gold bearing pyrite zones). The results also indicated that mineralization is conductive (EM), and didÂ notÂ produce significant false anomalies. The results of these studies indicate that EM should be able to detect West-Deep style mineralization.

Following the petro-physics work, a borehole EM study was designed to test real-world efficacy of the method. 4 holes were tested (TPW-11-43W6, TPW-11-45W3, TPW-10-34, and TPW-15-120) in order to confirm the method can detect mineralization in the West Deep zone, and to test the distance resolution of the technique.

The technique was able to detect mineralization within approximately 30m of the boreholes. While this is useful for guiding step-out drilling within a shoot, it does not seem to see far enough off-hole to identify shoots around near-hit holes.
Based on the results of the borehole EM, a VTEM survey was supported. Theoretical modeling of the EM response suggests that the VTEM technique should be able to detect a West-deep size body within approximately 200m of the surface (varying with size and conductance of a targeted body), with the opportunity to identify new shoots. The VTEM survey was flown the week ending September 23rd, and results are pending data processing by the contractor.

As far as expenditures on the property are concerned, Teck has forecasted approximately CA$316,000 expenditures for calendar year 2016. This brings the total forecast earn-in expenditures to approximately $2,130,000 CDN to year end.

Teck stated that as far as a fall/winter 2016/2017 drill program is concerned, Teck has planned a program and is presently waitingÂ for budgetary approval as a program has been put forward.

The Timmins Porcupine West Gold Property consists of 185 unpatented mining units and 3 patented claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3,200 hectares. The highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east. The 3-D geological model may be viewed on our website:Â www.explorresources.com. The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 meters long and 45 meters wide and open below 350 meters of vertical depth.

The Timmins Porcupine West Project has a structural target model developed by Explor based on the “Hollinger-McIntyre-Coniaurum System”. The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold and is spatially associated with the Pearl Lake Porphyry.

Chris Dupont, P.Eng is the qualified person responsible for the technical information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, QuÃ©bec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and QuÃ©bec with approximately 33% in Ontario and 67% in QuÃ©bec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of Cu-Zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in QuÃ©bec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Limited is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:Â

	Indicated:	213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
	Inferred:	77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:Â

	Indicated:	396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
	Inferred:	393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

A map ofÂ TECK RESOURCES LIMITED – TIMMINS PORCUPINE WEST 2015 DRILLINGÂ is available at the following address:Â http://media3.marketwire.com/docs/161124_EXS_Map.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

Tags: #mining, #smallcapstocks, $TSXV, gold
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St-Georges to Acquire All Outstanding Shares of Iceland Resources EHF $SX.ca

Posted by AGORACOM-JC at 1:33 PM on Tuesday, November 22nd, 2016

Sx hub logo

Entered into a binding agreement with Iceland Resources ehf to acquire all its outstanding shares
Iceland Resources owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland

Montreal, Quebec / November 22, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE: SX)(OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has entered into a binding agreement with Iceland Resources ehf to acquire all its outstanding shares. Iceland Resources owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland.

The Opportunity

Iceland Resources ehf is a privately-owned Icelandic corporation with gold/silver/copper/cobalt/zinc projects in Iceland.

Iceland is an important producer and developer of geothermal energy. St-Georges management has been active over the last few years in Iceland with the goal of securing access to geothermal operations to test the development of technologies allowing the extraction of lithium and light minerals from the brines being pumped from the geothermal wells and for the extraction of a large variety of precious and base metals found in the mud rejected from the same operations.

Enrico Di Cesare, Director of St-Georges commented: “(…) With St-Georges focused on innovative extraction technologies and working on strategic alliances with several providers, this opportunity is exciting; it is an excellent platform to apply new technologies, monetize tailings and demonstrate our solutions which also address environmental issues. The focus is to economically recover precious and base metals and to provide an avenue for positive environmental remediation of the by-products. St-Georges is also looking at niche and value added products that this opportunity lends itself to.”

Terms of Acquisition

St-Georges will create a subsidiary that will become the owner of Iceland Resources. 40% of this subsidiary will be owned by the Iceland Resources shareholders and the remaining 60% will be owned by St-Georges. Additionally, St-Georges makes the following commitments:

-Issuing 6,000,000 common shares of St-Georges to Iceland shareholders with a 12-month escrow release schedule;

-Issuing a $350,000 debenture, bearing a 6% annual interest (cash or shares), maturing in November 2026 to be distributed to Iceland shareholders and some creditors; and

-$1,000,000 of expenditure on the Iceland assets over the next 24 months, including mineral exploration expenses and metallurgical process research & development.

Iceland Resources Projects

Iceland Resources currently has 9 defined mineral exploration and development projects in Iceland (8 licenses or license applications held directly and one within a Joint-Venture). Other opportunities are being sought after with the collaboration of St-Georges (with the possibility to deploy St-Georges technologies result from its R&D initiatives).

St-Georges intends to direct most of its efforts in the next 24 months to 3 priority projects:

Reykjanes Project (EL 01) (Au-Ag-Cu-Zn)

The 897.5 km2Reykjanes licence area is in close proximity to the capital Reykjavik and the international airport in the town of Keflavik and is supported by good transport infrastructure with main highways running through it. The project is prospective for gold, silver, copper, zinc and cobalt. The Company also plans to apply for licenses to evaluate the lithium potential of the geothermal brines present on the property.

Figure 1. The Reykjanes Project

The Thormodsdalur Project (EL-14) (Au-Ag-Cu)

Thormodsdalur is located about 20km east of the city centre of Reykjavik and south-east of the lake Hafravatn. The project was discovered in 1908. The property produced mineral concentrate from 1911 to 1925 when over 300 meters of tunnels where dug alongside surface excavations. The ore recovered was transported to Germany and historic sources reported values ranging between 11g/t and 315g/t Au. Note: All information pertaining to mineral resources, grades or operational results herewith presented are historical in nature and while relevant, the information was obtained from sources that cannot be independently verified and that are not compliant with National Instrument 43-101 reporting standards.

More recently, visible gold was seen in cores from geothermal wells located on the project. This new discovery compelled the Icelandic government to create a mining entity for gold exploration in Iceland called Malmis.

Studies between 2005 and 2013 identified the project mineralization as a low sulphidation system containing banded chalcedony and ginguro. Petrographic analysis of the vein material identified gold occurring in its free form and as part of an assemblage with pyrite and chalcopyrite. Petrographic and XRD studies show an evolution of the vein system from the zeolite assemblage to quartz adularia and lastly to minor calcite. In the area, 32 holes have been drilled for a total of 2439 meters.Gold values vary from less than 0.5 ppm to the maximum of 415 ppm. (These values were obtained from selected random intervals and cannot be construed to be representative of the any particular thickness or overall length).

Iceland Resources entered in to a Joint Venture agreement with Melmi ehf, Malmis hf (majority government owned) and Gold Island Limited. Melmi is the owner of the Thormodsdalur license that was first granted in October 2004. Melmi is owned by Malmis (51%) and Gold Island (49%).

Figure 2. The Thormodsdalur Project

The Vopnafjordur Project (EL-05) (Au-Ag-Te) (Bi-Co-Sb-Se-Zn)

The Vopnafjordur licence covers 598.5 km2(Maps, fig. 3 & 4) and is valid until July 2021. Exploration in Vopnafjordur was carried out by Malmis between 1991 and 1993 in the form of BLEG surveys and vein sampling. Follow-up work was carried out by Melmi in 1997, which carried out stream sediment and helicopter-assisted rock chip sampling in the Vopnafjordur area. The rock chip sampling programme focused on areas of strong alteration, known quartz-carbonate-pyrite veining and in selected structural settings. The sampling programme indicated anomalous antimony, selenium and tellurium values in the northern rhyolitic centre and further identified anomalous gold, antimony, bismuth and zinc in an acid intrusion in the central southern part of the licence.

Recently, a comprehensive review of the BLEG and rock chip sampling programme was undertaken alongside satellite interpretation of the whole of the Vopnafjordur licence and a short exploration program in August 2016. In addition to the two volcanic centres identified in the 1990s, a number of regional fault zones associated with elevated levels of key pathfinder elements and occasionally gold was identified. The geological team is expecting assay results shortly.

These areas will be investigated further by the Company’s geological team in 2017, which will carry out close-spaced traverse mapping and grab sampling of key fault structures identified by previous exploration.

Click Image To View Full Size

Figure 3. Vopnafjordur licence EL-05 is situated in the Nord Austurland region of NE Iceland

Click Image To View Full Size

Figure 4. Extent of Vopnafjordur licence boundaries. Map scale 1:200,000

Click Image To View Full Size

Figure 5. World map showing Iceland

Click Image To View Full Size

Figure 6. Map of Iceland with location of the projects

Icelandic Geology is unique and considered relatively young in geology term. Iceland lies in the divergent boundaries of the Mid Atlantic Ridge. The buoyancy of the Iceland plume leads to dynamic uplift of the Iceland plateau, and high volcanic productivity over the plume has developed an anomalous volume of volcanic material and magma chambers at depth.

Iceland has not been thoroughly mapped and geological exploration has been limited when compared to other jurisdictions. St-Georges now have the unencumbered opportunity to explore Iceland’s potential starting with its most known prospective target sites with data generated from existing geological work and geothermal operations around the country. Furthermore, St-Georges technologies should enable the team of Iceland Resources to unlock the potential for prospective lithium brines and mud tailings that were not considered in the past.

Vilhjalmur Thor Vilhjalmsson, director of Iceland Resources, commented: “The opportunity to combine the resources of both companies, our extensive knowledge of Iceland and its geology and the addition of St-Georges team’s expertise in metallurgical processing and eco-mining environmental friendly solutions, provides a unique offering to the market and stakeholders of both companies (…) St-Georges brings a portfolio of R&D initiatives aimed at reducing the environmental impact of mining activities and improving producers’ financial bottom line. Iceland like the Scandinavian countries is a place of certainty in regulations and mining law with reliable and accessible data available from government bodies thus opening possibilities to get additional licenses with historical data available similar to work previously done in Iceland as well as in Greenland (…) we believe that we found a good home for our shareholders in St-Georges and we are excited at the prospect of the proposed 2017 exploration and development campaigns.”

General Disclaimer: The current press release contains references to mineral sampling results that are provided by Iceland Resources or were sourced in the geological literature published by the Icelandic government or its departments. St-Georges has not sampled and analysed these samples. Readers should exercise caution as real width, depth or length of the mineralisation encounter is not defined. No resource estimate that is compliant with the standard of the National Instrument 43-101 is currently available.

The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. a ‘qualified person’ as defined by National Instrument 43-101Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If thesenew technologiesare successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues. The Company also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area.Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

About Iceland Resources EHF

Iceland Resources ehf is a junior mineral exploration company with a focus on the Scandinavian region. The company has one licence in the Vopnafjordur area in Iceland and further seven areas pending issue totalling over 4,000km2. The company also has an earn-in agreement with Melmi ehf and Gold Island Ltd to earn into the well-known Thormodsdalur licence where gold grades up to 415 g/t have been identified and the partners are working towards a NI 43-101 compliant resource.http://www.icelandresources.is

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Tags: #mining, #silver, #smallcapstocks, $TSXV, cobalt, copper, CSE, gold, zinc
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Explor Closes a Second Tranche of a Maximum of $2 Million Private Placement in Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:14 PM on Friday, November 18th, 2016

Announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412Â flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000

ROUYN-NORANDA, QUEBEC–(Nov. 18, 2016) –Â Explor Resources Inc.Â (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or theÂ “Corporation“)announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412Â flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The second tranche of the Private Placement closed today consists in the sale of 2,552,941 shares for an aggregate subscription of $217,000.

The net proceeds from the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of QuÃ©bec.

In connection with the Private Placement, the Corporation will pay to an arm’s length finder, finder’s fees representing a cash amount equal to 8% of the subscribed amount through the finder, and non-transferrable finder’s warrants entitling to purchase such number of common shares of the Corporation equal to 8% of the aggregate number of shares subscribed through the finder. These finder’s warrants will be exercisable at a price of $0.085 per common share, up to 24 months from the closing date.

The securities issued pursuant to the second closing of the Private Placement are subject to a hold period of four months and a day ending March 19, 2017.Â The Private Placement is subject to the final approval of the TSX Venture Exchange.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, QuÃ©bec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and QuÃ©bec with approximately 33% in Ontario and 67% in QuÃ©bec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in QuÃ©bec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:Â

	Indicated:	213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
	Inferred:	77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:Â

	Indicated:	396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
	Inferred:	393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-1870
www.explorresources.com
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, gold, Teck Resources (tck.b: tsx)
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Explor Closes a First Tranche of a Maximum of $2 Million Private Placement in Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:31 PM on Friday, November 4th, 2016

Â Announces the closing of a first tranche of a non-brokered private placement of a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000
First tranche of the Private Placement closed today consists in the sale of 14,117,529 shares for an aggregate subscription of $1,199,990.

ROUYN-NORANDA, QUEBEC–(Nov. 4, 2016) –Â Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1)Â (“Explor” or theÂ “Corporation“) announces the closing of a first tranche of a non-brokered private placement of a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The first tranche of the Private Placement closed today consists in the sale of 14,117,529 shares for an aggregate subscription of $1,199,990.

The net proceeds from the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of QuÃ©bec and Ontario.

The securities issued pursuant to the first closing of the Private Placement are subject to a hold period of four months and a day ending March 5, 2017. The Private Placement is subject to the final approval of the TSX Venture Exchange.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, QuÃ©bec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and QuÃ©bec with approximately 33% in Ontario and 67% in QuÃ©bec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in QuÃ©bec since 2006.


Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

	Indicated:	213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
	Inferred:	77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

	Indicated:	396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
	Inferred:	393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-1870
www.explorresources.com
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, CSE, gold, Teck Resources (tck.b: tsx)
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American Creek Reports on Treaty Creek JV Drill Results – 338m of 0.70 g/t gold $AMK.ca

Posted by AGORACOM-JC at 9:06 AM on Friday, October 28th, 2016

Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters
Significantly, included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold
Also included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters (from 304 to 426 meters) of 0.965 g/t gold

American Creek Reports on Treaty Creek JV Drill Results — Wide Intersections of Gold Mineralization in CB-16-03

CARDSTON, ALBERTA–(Oct. 28, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that Tudor Gold Corp. (“Tudor”) has released the assays for the remainder of hole CB-16-03, a newly discovered gold zone at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.

Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters. Significantly, included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold (from 88 meters to 426 meters) which included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters (from 304 to 426 meters) of 0.965 g/t gold. The drill hole terminated at 717.7 meters in mineralization with the final 13.7 meters averaging 0.315 g/t Au.

The 338 meter intersection of near surface 0.70 g/t gold in hole CB-16-03 represents the best mineralized intersection discovered to date at Treaty Creek. The hole is located approximately 870 meters northeast of drill hole CB-09-14, which returned 241 meters averaging 0.80 g/t gold.

Walter Storm, CEO and President of Tudor Gold stated: “The complete results from CB-16-03 confirm our belief that Treaty Creek holds the potential to host significant gold mineralization and validates our exploration model. To date, we have successfully hit gold mineralization down to 717 meters downhole and have encountered nearer to surface gold mineralization like the 1.12 grams gold per tonne over 54 meters starting at 88 meters downhole, which opens up the targeted area.”

Drill Hole CB-16-03 was drilled at an azimuth of 292Âº with an inclination of -73Âº and was collared approximately 550 meters northeast of the nearest of the Copper Belle zone drill holes CB-09-11 which carried 229m of 0.52 g/t gold from 40m to 270 m, CB-09-10 which carried 212m of 0.47 g/t gold from 119m to 331 m and CB-09-06 which carried 65.3m of 0.84 g/t gold. The new gold intercept encountered in CB-16-03 may represent a new mineralized zone or could possibly be an extension of the previously known Copper Belle Zone. Further work will be required in order to investigate the continuity between these areas. The casing has been left in place so the hole may be re-entered and extended if desired. All intervals are down hole widths as there is not enough information to calculate true widths of the mineralization encountered in any of the holes.

Hole CB-16-03 was drilled to test a geophysical anomaly identified on a preliminary Magnetotelluric (MT) profile along Seabridge Gold’s proposed tunnel route and further defined based on a survey carried out by Simcoe Geoscience Ltd. earlier in the season. Tudor awaits the final results of the MT survey.

Tudor previously released partial assay results from hole CB-16-03 (316 to 717.7 meters downhole), along with complete assays for drill holes CB-16-01 and CB-16-02 in Tudor’s news release dated October 11, 2016. In total, eight holes were drilled on the property for a total of 3,765 meters during the 2016 field season. Assay results are pending for the last five holes.

The Treaty Creek Project is a joint venture between Tudor, American Creek and Teuton Resources Corp. (“Teuton”). Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% fully carried interests in the property (carried until a production notice is given).

James Hutter, P.Geo., is the Qualified Person as defined by National Instrument 43-101 for the 2016 Treaty Creek Project and the results reported by Tudor.

Darren Blaney, American Creek CEO stated: “We are very excited about results from the first three 2016 holes on Treaty Creek. Collectively they’ve extended the known mineralization at Copper Belle, found a new gold zone, and extended gold intervals to depth. The first three holes are all in close proximity to the ‘discovery contact’ discussed in the 2014 Kyba/Nelson BC Geological Survey report, to the Sulphurets thrust fault, and to clastic sequencing (Turbidites) found on Treaty Creek. According to the report, these three things in combination increase the chances of ‘being in the right neighborhood of BC’s next big deposit.’ We believe the results thus far at Treaty Creek are the beginning of that discovery process.”

American Creek is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver properties within the Province of British Columbia, Canada.

In addition to the Treaty Creek project, the Corporation holds interests in the following “Golden Triangle” properties:

Electrum property

The Electrum property is located approximately 45 km north of Stewart between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. The Electrum shares similar geology to both the Brucejack and the Premier. The project is a JV between operator Tudor (60%) and American Creek (40%).

Tudor recently concluded a diamond drilling and blast trenching program. Initial trenching results reported by Tudor on Sept 12, 2016 included silver grades up to 30,200 g/t within the New Blast vein system. Further results from the drilling and trenching are pending.

Dunwell mine

American Creek recently acquired a property package which included the historic Dunwell mine (see October 3 news release). The Dunwell mine produced 45,657 tonnes averaging 6.63 g/t gold, 223.91 g/t silver, 1.83 per cent lead, 4.01 per cent zinc and 0.056 per cent copper. Recent drilling has shown potential to develop more reserves.

The 850 hectare property is located 8km north of the town of Stewart and intersects paved Highway 37A. It is adjacent to American Creek’s Silvershot property. The principal Dunwell workings are about 2km east of the highway and are accessible by 4×4 vehicle with travel to the remaining portions of the property by foot. Due to the property being located at low elevation, exploration can take place almost year-round.

Information relating to the Corporation is available on its website at www.americancreek.com.

Cautionary statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements including, without limitation, statements relating to the potential mineralization and geological merits of the Treaty Creek property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

Tags: #mining, #smallcapstocks, $TSXV, CSE, gold, Seabridge Gold (SEA.T), Treaty Creek, Tudor Gold Corp.
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek Reports on Treaty Creek JV Drill Results – 338m of 0.70 g/t gold $AMK.ca

FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 9:41 AM on Friday, October 21st, 2016

Why Explor Resources?

Flagship Property Offers The Following:
NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
Teck Resources To Spend $12 MILLION To Earn 70%
Property Is 13 KM From Downtown Timmins

2nd Project 43-101 Open Pit Resource
1.4 MILLION T Indicated @ 1.38% Copper
2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

NI 43-101 Resource: 609,000 oz Indicated
470,000 oz Inferred Gold
13 km from downtown Timmins
Property is 2.5 km, NE of LSG West Timmins Mine
Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
Optioned to Teck Resources
Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

Mineral Target: Cu, Pb, Zn, Ag, & Au
70 km SW of Bathurst NB
Structural Model Complete
300 m wide x 2000m long mineralized Corridor identified
Ramp to ore zone (480 meter long (3m x 4m)
Optioned to Brunswick Resources (BRU)
Brunswick to spend $500,000 over 3 years
Explore to receive $40,000 and 5,000,000 shares of BRU
Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
2,089,000 Inferred t @ 1.26 % Cu
Announced the start of a 2,000 meters diamond Drill program

Kidd Creek Project (2466 ha)

Mineral Target: Cu-Zn Ore
Located 1.0 km west of Kidd Creek Mine
Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
Numerous Geophysical max/min and IP Targets
So encouraged by the initial results of the 3000 meter program, decided to more than double the diamond drilling program planned to 7275.7 meters

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

Mineral Target: Gold
Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
Wrap around Clifton Star

Nelligan (1198 ha):

Mineral Target: Nickel
Located in Val dâ€™Or mining district of Quebec
Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

Mineral Target: Nickel
Mineralized zones contained in mafic volcanic rocks
Contiguous to Royal Nickelâ€™s Dumont property (NW end)

12 Month Stock Chart

Tags: #mining, #smallcapstocks, $TSXV, gold, Teck Resources (tck.b: tsx)
Posted in AGORACOM Client Feature, All Recent Posts, Explor Resources Inc. | Comments Off on FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Eloro Resources’ Acquisition of a 100% Interest in the La Victoria Gold/Silver Property Closes in Escrow $TTC.ca

Posted by AGORACOM-JC at 11:00 AM on Monday, October 17th, 2016

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Eloro has closed the acquisition of a 100% interest in the La Victoria Gold/Silver PropertyÂ in escrow, pending recording and registration of all applicable transfers with the proper authorities in Peru

Toronto, Ontario – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (â€œEloroâ€) and Tartisan Resources Corp. (CSE:TTC) (â€œTartisanâ€) are pleased to announce that, in accordance with the terms of the previously announced purchase and sale agreement (the â€œAgreementâ€), Eloro has closed the acquisition of a 100% interest in the La Victoria Gold/Silver Property (â€œLa Victoriaâ€ or the â€œPropertyâ€) in escrow, pending recording and registration of all applicable transfers with the proper authorities in Peru.

Under the terms of the Agreement (see news release dated August 5, 2016), Eloro has issued Tartisan 6,000,000 common shares and 3,000,000 common share purchase warrants with limited transferability, and paid Tartisan C$250,000 (less adjustments as specified in the Agreement). Eloro owes one further payment of C$100,000, payable or on before July 17, 2017. The share certificates, warrants, funds, promissory note and other closing documents have been delivered into escrow and will be released from escrow forthwith after satisfactory completion of the recording and registration of: i) all transfers of the property interests, with the exception of the San Markito mineral concession, which will be transferred at such time that Eloro makes the final C$100,000 payment, and ii) the receipt of the DeclaraciÃ³n de Impacto Ambiental (â€œDIAâ€) project environmental permit for the Property, to be approved by the Peruvian Ministry of the Environment.

Pursuant to the terms of the acquisition Eloro granted Tartisan a 2% royalty interest (the â€œRoyaltyâ€) on the Property, half of which can be repurchased by Eloro for C$3 million to reduce the Royalty to 1%.

All securities issued by Eloro pursuant to the Agreement are subject to a statutory 4-month hold period and are subject to a lock-up agreement whereby Tartisan will be restricted from transferring securities of Eloro for a period of 18 months following the closing date, and with limited transferability for a period of four and one half years, all as detailed in the August 5, 2016 new release.

About Tartisan Resources Corp.

Tartisan is a Canadian exploration and development company focused on mineral exploration and development of precious and base metals properties in Canada and Peru.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company which recently acquired a 100% undivided interest in the La Victoria property, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Property consists of properties totalling eight mining concessions encompassing approximately 35.9 square kilometres together with 3 mineral claims totalling 15 square kilometers. The Property is within 50 kilometres of several producing gold mines, with three producers visible from the property. Infrastructure in the area is good with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level. Eloro also holds a portfolio of gold and base-metal properties in northern and western Quebec.

For further information please contact: Thomas G. Larsen, President and CEO of Eloro or Jorge Estepa, Vice-President of Eloro at (416) 868-9168 or Mark Appleby, CEO of Tartisan Resources at (416) 804-0280.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Corporation’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Corporation. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSXV, CSE nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Tags: #mining, #silver, #smallcapstocks, $TSXV, CSE, gold, La Victoria Project
Posted in Tartisan Resources | Comments Off on Eloro Resources’ Acquisition of a 100% Interest in the La Victoria Gold/Silver Property Closes in Escrow $TTC.ca

FEATURE:Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Posted by AGORACOM-JC at 9:46 AM on Friday, October 14th, 2016

AMK: TSX-V, OTCBB: ACKRF

RECENT HIGHLIGHTS

Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed

Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More

Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More

WHY AMERICAN CREEK RESOURCES?

American Creek has exceptional precious metal properties throughout British Columbia including two of the most prospective projects found in B.C.â€™s Golden Triangle; the Electrum and Treaty Creek properties.

The Electrum property is geologically similar to the nearby Brucejack (going into production in 2017) and the nearby Premier Mine (past producer).

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims.Read Our Recent Blog

So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

EXCEPTIONAL PROPERTIES

The Electrum is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

The property has a rich history with some of the highest grade hand-mined ore mined in North America (1,661 g/t Au with 2,596 Ag)combined with excellent logistics. The property is located directly between two high-grade veining gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017). All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

On May 11^th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains 40% of the property.Tudor Gold will be the operator while both companies will work together to develop the property.This partnership is very beneficial for American Creek as its flagship project will be able to advance at a much greater pace due to the geological expertise, experience, resources, management, and exposure that Tudor Gold brings to the table.

The Electrum Property holds significant potential which led to a JV agreement with Tudor Goldwhen considering its high-grade nature combined with the exceptional logistics in place.

Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri. It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
Located in a particularly rich valley with 4 past producing commercial mines and a 5^th in the adjacent valley.
Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tonne (roughly 50oz gold with 75oz silver).
Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine.
Electrums Summary Report (for exploration) compares itself geologically to the Silbak Premier mine.
High-grade mineralization at surface has been confirmed extending over a 500 x 500m area. Specimens across that area include numerous bonanza grade results including 1,926 g/t gold with 37,995 g/t silver, 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver, 395 g/t gold with 46,601 g/t silver, and many more.
Drilling showed a continuation of high grade intervals at depth including grades up to 440 g/t gold with 400 g/t silver over 0.52m. Other high grade gold intervals include 38.4 g/t over 0.45m, 31.4 g/t over 2m, 29.9 g/t over 2m,16.9 g/t over 1.5m, 16.7 g/t over 1.3m, and 12.3 g/t over 1.9m along with longer intervals of 3 g/t over 26m, 1 g/t over 50m, and 0.5 g/t over 31m. High grade silver intervals at depth including 583g/t over 0.3m, 420 g/t over 0.9m, 384 g/t over 0.7m and 374 g/t over 0.65m were also discovered.
A very successful small program was run in the fall of 2015 wherein:
o A new approach focusing on high-grade was employed
o New zones of gold / silver mineralization were discovered with drill intersections grading from one up to 14 grams of gold per tonne.
o A better understanding of the high-grade veining system was obtained
o Numerous outcrops were tested on surface. 24 specimens were taken from the Shiny Cliff and averaged 248 g/t gold with 27,092 g/t silver, the highest sample being 1,926 g/t gold with 37,955 g/t silver. Specimens taken from a boulder 20m down slope from the Shiny Cliff averaged 10 g/t gold with 857 g/t silver.
o Eleven specimens were collected along a quartz vein at the Rico showing. The specimens from the structure averaged 54 g/t gold with 11,512 g/t silver, the highest sample being 270 g/t gold with 44,048 g/t silver. Thirteen specimens were collected from a vein on Mine Hill and averaged 6 g/t gold with 522 g/t silver.
o The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
Excellent logistics including road access, power located 2 km away and bulk tonnage shipping ports and supportive mining town located just40 km away in a mining friendly jurisdiction.

For a short video on the Electrum property; click here.

For a presentation on the 2015 drill program; click here.

Treaty Creek Property

Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains a carried interest of 20% of the property until a production notice is given. A partner with the expertise, backing, management team, and experience to develop this potential world scale project was sought after by AMK. Tudor Gold meets and exceeds all of those requirements needed to fully realize the potential of Treaty Creek. American Creek will not have to raise money or dilute as development takes place.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Seabridge Goldâ€™s KSM is the worldâ€™s largest undeveloped gold/silver project by reserves while Pretiumâ€™s Brucejack is the highest grading undeveloped large-scale gold project in the world. KSM has just past the environmental and permitting stage while the Brucejack is in construction phase. Treaty Creek is part of the same large hydrothermal system as itâ€™s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on both Seabridge and Pretivmâ€™s claims, the same major fault system (Sulphurets) that is responsible for KSMâ€™s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.

A recent Government geological report shows Treaty to be “in the right neighbourhood for B.C’s next big deposit”.Treaty meets all three main criteria of the report which states â€œthat is a big game changer for explorers in the region, because it will get them closer to making a discoveryâ€.

The geological markers on Treaty Creek are saying there are great similarities to the KSM / Brucejack / Valley of the Kings and other deposits found within the same hydrothermal system.Now the right partnership is in place to advance the project and realize its potential.

For a 2 minute video on Treaty Creek; click here.

For an in-depth geological video on Treaty Creek; click here.

Gold Hill Property

The Gold Hill property is located in Southern British Columbia near Cranbrook.Logistics are exceptional with forestry roads throughout the property and power nearby. Gold on the Wild Horse River was discovered in the fall of 1863 by American prospectors and one of the Westâ€™s greatest gold rushes ensued. The Wild Horse River yielded close to $7,000,000 dollars (48 tonnes of gold or around $2 Billion in todayâ€™s dollars). It is believed that a far greater amount was mined and never accounted for.

The river is considered to be one of the greatest gold creeks in the entire province of British Columbia. The majority of the gold taken from the river was located along a 6km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). While most of the gold has been taken from the placer deposits downstream from Gold Hill, there are still placer operations in the area ranging from small scale panning / sluicing to full scale mining operations.

Historic efforts were made to trace the source / sources of the placer gold. This led explorers (including geologists from Cominco) up the Boulder Creek to what is now called the Gold Hill property. This property constitutes a significant portion of the watershed for Boulder Creek including two main areas where gold was recovered by Cominco (along with others). These areas are known as Big Chief and Gold Hill. Both areas are believed to be major contributing sources for the incredible resources found in the Wild Horse River and as such have tremendous potential. While gold was discovered on the property, the gold price in 1900 did not support extensive hard rock exploration at the time.

The property has been overlook and sat dormant for many years. American Creek was very fortunate to acquire a property with such a rich history and such huge potential. The property was acquired in 2015 and hard rock exploration will begin in 2016.

Tags: #mining, #smallcapstocks, $TSXV, gold, Seabridge Gold (SEA.T), Treaty Creek
Posted in AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd., Featured | Comments Off on FEATURE:Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

American Creek Reports That Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed $AMK.ca

Posted by AGORACOM-JC at 9:09 AM on Wednesday, October 12th, 2016

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Tudor Gold Corp. has discovered a new gold zone at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project
From 316m to 426m, a 110m interval averaged 0.909 g/t gold
Below 426m gold values drop off with some higher-grade exceptions, the two most prominent of which are 456 to 484m, a 28m interval running 0.665 g/t gold and from 598 to 610m

CARDSTON, ALBERTA–(Oct. 12, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that Tudor Gold Corp. (“Tudor”) has discovered a new gold zone at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.

The new gold zone was intersected in the third hole (CB-16-03) of the 2016 drilling program and is located approximately 870 meters northeast of the Copper Belle zone (drilled in 2007 and 2009). The hole was drilled into a target identified by the magnetotelluric survey (MT survey) which was completed earlier in the 2016 field season.

The first 316m of this third hole is still in the assay laboratory with results for this interval expected within the next weeks. Assays from 316m to the end of the hole at 717.7m have been received. From 316m to 426m, a 110m interval averaged 0.909 g/t gold. Below 426m gold values drop off with some higher-grade exceptions, the two most prominent of which are 456 to 484m, a 28m interval running 0.665 g/t gold and from 598 to 610m, a 12m interval running 1.258 g/t gold. This hole was drilled at an azimuth of 292Â° and an inclination of -73Â°.

Assays have also been received for the first two holes drilled in the 2016 program. The first of these, CB-16-01, was a follow-up of a 2009 drill hole, CB-09-14, which returned 241m averaging 0.8 g/t gold. Both the 2009 and 2016 holes were drilled in a northwesterly direction from the same site, with CB-09-14 being inclined at -70Â° and CB-16-01 at -60Â°.

Hole CB-16-01 showed an extension of the known gold mineralization discovered on the Copper Belle in 2009. It returned the following assays to a final depth of 555 meters: from 110 to 320m, a 210m interval grading 0.449 g/t gold, including, from 144 to 154m, a 10m interval grading 1.857 g/t gold. Below 320m depth gold values dropped off with some isolated highs as follows: from 442 to 452m, a 10m interval averaging 1.478 g/t gold and from 542 to 555m, a 13m interval averaging 0.846 g/t gold.

Previous 2009 drilling by American Creek in this area of the Copper Belle zone returned intersections with similar lengths, grades and depths including CB-09-11 which carried 229m of 0.52 g/t gold from 40m to 270 m, CB-09-10 which carried 212m of 0.47 g/t gold from 119m to 331 m and CB-09-06 which carried 65.3m of 0.84 g/t gold.

The second hole of 2016, Hole CB-16-02, was drilled 340m to the north of CB-16-01 at an azimuth of 046Â° and an inclination of -72. This hole was drilled to 426m and encountered two gold-bearing sections: from 202 to 240m, a 38m interval averaging 0.516 g/t gold and from 306 to 426m, a 120m interval averaging 0.517 g/t gold.

Darren Blaney, American Creek CEO stated: “We are very pleased with what Tudor has accomplished in discovering this new gold zone. It is very significant in that this hole is located almost a kilometer from the 2009 Copper Belle discovery hole. The area of gold mineralization is clearly much, much larger than previous work has shown. This new discovery also confirms that the MT survey accurately identifies targets at Treaty Creek like it has for Seabridge and Pretivm on their respective KSM and Brucejack projects to the south in which the same MT survey technology was utilized.”

The Treaty Creek project is a joint venture with American Creek holding a 20% fully carried interest to production. Tudor is the operator and holds a 60% interest with Teuton Resources Corp. holding the remaining 20% carried interest.

James Hutter, P.Geo., is the Qualified Person as defined by National Instrument 43-101 for the 2016 Treaty Creek project and the results reported by Tudor.

About American Creek

American Creek is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver properties within the Province of British Columbia, Canada.

In addition to the Treaty Creek project, the Corporation holds interests in the following properties:

Electrum property

The Electrum property is also located in the “Golden Triangle” approximately 45 km north of Stewart between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. The Electrum shares similar geology to both the Brucejack and the Premier. The project is a JV between operator Tudor (60%) and American Creek (40%).

Gold Hill property

American Creek holds a 100% interest in the Gold Hill property located east of Fort Steele, BC in the Boulder Creek watershed. The Wildhorse River, to which Boulder Creek is a headwater tributary, is the site of one of Canada’s biggest historic gold rushes with approximately 42 tonnes of placer gold reportedly being recovered from the Wildhorse below the confluence of Boulder Creek.

A field mapping and geochemical sampling program is currently being conducted on the property. Work also included a magnetic survey that was recently completed in the area known as the Big Chief where several historic adits were driven into high grade gold veins.

Austruck-Bonanza property

American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is within 100 meters of the Bonaparte pit where in 1994, a 3,425 ton bulk sample averaging 26 g/t gold was taken. In July of 2016, WestKam reportedly began a 10,000 tonne bulk sample program to further test other near-surface high grade gold veins.

A field program consisting of geochemical sampling, mapping and magnetic surveying is currently underway on the property.

American Creek also holds interests in the Glitter King, Silver Side, Red Tusk, D1-McBride and Ample Goldmax properties.

Information relating to the Corporation is available on its website at www.americancreek.com

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

Tags: #mining, #smallcapstocks, $TSXV, gold, Seabridge Gold (SEA.T), Treaty Creek
Posted in American Creek Resources Ltd. | Comments Off on American Creek Reports That Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed $AMK.ca

Explor Announces Kidd Township Property Diamond Drilling Results $EXS.ca

Posted by AGORACOM-JC at 12:43 PM on Tuesday, October 11th, 2016

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Announced the Diamond Drilling results on the Kidd Township Property
So encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters.
Intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine.
Intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit

ROUYN-NORANDA, QUÃ‰BEC–(Oct. 11, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the Diamond Drilling results on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that covers an area of approximately 2,805.20 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor was so encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters. Explor drilled seven holes & two wedges on three claim blocks, one being in Carnegie Township, northeast of the mine and the other two blocks drilled in Kidd Township, southwest of the mine.

The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.

Exploration drilling completed by Explor to date has revealed Major Fault Structures running to the west and east of the Glencore Kidd Creek Mine in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southwest of the Glencore Kidd Creek Mine (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm.

Holes KC-16-01, KC-16-02 and KC-16-05 were drilled in Kidd Township to intersect magnetic highs and fold structures approximately 3 kilometers south and south east of the Kidd Creek Mine. Holes 01, 02 and 05 were very encouraging as they intersected mostly graphitic argillite and felsic lapilli tuffs which are very important zinc-copper ore bearing rocks and marker horizons within the Kidd Creek Mine. Several samples returned anomalous Zinc values from 109 to 737 ppm mostly within sheared graphitic argillite.

Holes KC-16-03, KC-16-04, KC-16-06, KC-16-06A and wedges 06AW1 &06AW2 were drilled in Carnegie Township on the border with Kidd Township approximately 2 kilometers north of the Kidd Creek mine site. Holes KC-16-03 & 04 were drilled bearing south to intersect E-W trending geophysical conductors. Both holes intersected ultramafics, mafic fragmental, felsic to intermediated tuffs and exhalite-chert-tuff units. Hole KC-16-03 intersected several Zinc values from 140 to 15,500 ppm (1.5% Zn) (over 1.0 meters) within the exhalite-chert unit. Hole KC-16-04 was drilled to intersect the exhalite-chert unit up dip from hole KC-16-03. Hole 04 intersected ultramafics, intermediate tuffs, mafic fragmental, lapilli tuff and mafic pillowed flows. Several anomalous Zinc values were intersected, the best being 266 ppm. Hole KC-16-06 was drilled from the east to intersect the exhalite-chert unit down dip from hole KC-16-03. Hole KC-16-06A and its wedges 06AW1 & 06AW2 were completed to 1101 meters and intersected ultramafics and cherty tuffs. More importantly, hole-wedge KC-16-06AW2 intersected parts of the exhalite-chert unit down dip of KC-16-03 with several anomalous Zinc values from 114 to 4024 ppm.

The 2016 Kidd-Carnegie drill program was successful in that it intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine. As well, the intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of exhalite-chert unit in two of the holes is very significant in terms of exploration. Generally exhalite-chert is proximal to a VMS deposit. This is the first time in our 10 years of exploration around the Kidd Creek mine site that exhalite-chert has been intersected. Explor plans on conducting in the near future a down hole geophysical survey that will see a 200 meter radius around the hole in order to further refine our diamond drilling. We expect to be able to wedge into any targets that are found.”

Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The Glencore Kidd Creek Mine located to the South-west of the property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966. The presence of Mafic and Felsic rocks on the Kidd Township Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist in the immediate vicinity of the Glencore Kidd Creek Mine.

Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, QuÃ©bec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and QuÃ©bec with approximately 33% in Ontario and 67% in QuÃ©bec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in QuÃ©bec since 2006.

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

	Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
	Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

	Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
	Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

A map is available at the following address: http://media3.marketwire.com/docs/161011_EXS_MAP.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

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