American Creek owns a 20% Carried Interest to
Production at the Treaty Creek Project in the Golden Triangle. 2019’s
first hole averaged 0.683 g/t Au over 780m
in a vertical intercept. The Treaty Creek property is located in the
same hydrothermal system as Pretivm and Seabridge’s KSM deposits.
Eric Sprott recently made a strategic 1$M investment in AMK
Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold
projects in Labrador that have never seen any modern exploration
techniques. Ashuanipi and Hopedale are being systematically explored for
gold potential utilizing the same techniques that created the White
Gold discoveries. At Ashuanipi , a 15km long by 2 to 6 km wide
north-south trend exists and a second 14 km long by 2 to 4 km wide
east-west trend exists. At Hopedale, 2019 exploration has discovered
two new mineralized showings.First showing extends potential strike
length by approximately 500 metres along strike of the Thurber Dog gold
occurrence; Second showing was discovered in the Misery North area
GGX gold has discovered high grade gold silver and tellurium in the
Greenwood-Republic mining camp, British Columbia. The current 2019 drill
program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t telluriumâ€, including “823 g/t tellurium over 7.28-meter core length†and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.
Great Atlantic is situated between Marathon Gold and Sokoman in
Canada’s newest emerging gold district. The Company reported a NI
43-101mineral resource estimate for the JMZ in late 2018 on Golden
Promise and 2019 is focused on prospecting and geochemical sampling at
high priority targets within the property. Planned 24 hole program in
the northern half of the property at the gold-bearing Jaclyn Zone,
specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).
American Creek owns a 20% Carried Interest to
Production at the Treaty Creek Project in the Golden Triangle. 2019’s
first hole averaged 0.683 g/t Au over 780m
in a vertical intercept. The Treaty Creek property is located in the
same hydrothermal system as Pretivm and Seabridge’s KSM deposits.
Eric Sprott recently made a strategic 1$M investment in AMK
Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries. At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings.First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area
GGX gold has discovered high grade gold silver and tellurium in the
Greenwood-Republic mining camp, British Columbia. The current 2019 drill
program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t telluriumâ€, including “823 g/t tellurium over 7.28-meter core length†and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.
Great Atlantic is situated between Marathon Gold and Sokoman in
Canada’s newest emerging gold district. The Company reported a NI
43-101mineral resource estimate for the JMZ in late 2018 on Golden
Promise and 2019 is focused on prospecting and geochemical sampling at
high priority targets within the property. Planned 24 hole program in
the northern half of the property at the gold-bearing Jaclyn Zone,
specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).
American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm and Seabridge’s KSM deposits. Eric Sprott recently made a strategic 1$M investment in AMK
Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries. At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings.First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area
GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t telluriumâ€, including “823 g/t tellurium over 7.28-meter core length†and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.
Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focused on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).
Posted by AGORACOM
at 10:13 AM on Thursday, August 1st, 2019
American Creek owns a 20% Carried Interest to Production at Treaty Creek.
Intersect included a high grade portion of 1.095g/t gold over 370m
Broad intercept an indication of a deep system at Goldstorm Zone
Located on trend and 5 km Northeast of Seabridge’s KSM deposits
Goldstorm system increases in grade as it trends Northeast
Eric Sprott recently placed 1$M strategic investment with AMK
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the fullreport.
Hub on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 10:00 AM on Wednesday, July 31st, 2019
Sponsor: American Creek Resources (TSX-V: AMK) American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged of 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits.
Sprott sold 3.3 million shares of Kirkland stock for C$168m
Deployed C$139m on 16 gold and silver explorers since May
Includes $4M in Tudor Gold and most recently 1$M in American Creek for Treaty Creek Exposure at Goldstorm
Eric Sprott is responsible for nearly a quarter of the money flowing into junior mining since May, says Oreninc. Image from archives.
The gold price has now been camped out above $1,400 an ounce for a month, and silver has finally come alive above $16 per ounce, but legendary mining financier Eric Sprott had already kicked off a major junior investment spree when the metals were significantly cheaper than they are today.
The Canadian billionaire investor – also a pioneer in the gold-backed
ETF industry – has splashed more than C$139 million on 16 gold and
silver explorers (and some nickel on the side) since May, according to
junior mining finance authority Oreninc. $127m of the total found its way to Canada-domiciled companies.
Sprott uses a company called 2176423 Ontario to play the space and
was able to flash the cash thanks in part to a divestment from Kirkland
Lake Gold, (TSX:KL) (NYSE:KL) where he was chairman until recently.
Sprott, has sold some 3.3 million shares of Kirkland stock for C$168
million, reducing his position from 10% to 8% according to Oreninc data.
Kirkland Lake has been on a roll, doubling its share price in under a
year.
Kirkland Lake output could reach 1 million ounces for the first time this year, driven by record production at its flagship Fosterville mine in Australia. Fosterville is the lowest cost gold mine in the world, extracting the metal for a mere $313 an ounce all-in this year.
Posted by AGORACOM
at 8:49 PM on Monday, July 29th, 2019
Eric Sprott enters strategic Investment with AMK for 20 Million Shares
Mr. Sprott has agreed to sign a voting agreement in which he will vote with management in the event of a hostile takeover bid
Will also vote with management if management agrees to accept a takeover bid.
Cardston, Alberta–(Newsfile Corp. – July 29, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“the Corporation”) (“American Creek”) today announced that
it intends to complete a non-brokered private placement with Eric
Sprott’s private company, 2176423 Ontario Ltd. consisting of the
issuance of 20,000,000 units (“Units”) at a price of $0.05 per Unit for
proceeds of $1,000,000.
Each Unit will consist of one common share
of the Corporation (“Common Share”) and one non-transferrable Common
Share purchase warrant (“Warrant”). Each Warrant may be exercised for
one additional Common Share at a price of $0.065 for a period of 24
months from the closing date of the Offering. The Warrants will be
subject to an acceleration provision which provides that in the event
that the market closing price of the Corporation’s shares exceeds $0.12
for 30 consecutive days, the Corporation may within 5 days after such an
event, provide notice to the Warrant holder of early expiry and
thereafter, the Warrants will expire on the date which is 15 days after
the date of the notice to the Warrant holder.
As part of this
financing and the issuing of the Units, Mr. Sprott has agreed to sign a
voting agreement in which he will vote with management in the event of a
hostile takeover bid, and to also vote with management if management
agrees to accept a takeover bid.
Darren Blaney, President &
CEO of American Creek, stated: “We welcome Mr. Sprott’s involvement and
significant contribution. This is an endorsement of not only the
potential of the Treaty Creek project but also of our other projects
we’ve been able to successfully acquire. With Mr. Sprott’s support and
with market conditions improving, we very much look forward to working
together to advance these projects and create additional value for our
shareholders.”
The securities are offered to qualified
purchasers in reliance upon exemptions from prospectus and registration
requirements of applicable securities legislation. No finder’s fees will
be paid related to this financing.
Proceeds will be used for
general operating purposes including settling current debt and advancing
the Corporation’s portfolio of mineral properties.
This private placement is subject to approval by the TSX Venture Exchange.
About American Creek
American
Creek is a Canadian junior mineral exploration company with a strong
portfolio of gold and silver properties in British Columbia.
Three
of those properties are located in the prolific “Golden Triangle”; the
Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter
Storm as well as the 100% owned past producing Dunwell Mine.
The
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”.
Tudor is presently conducting a major drill
program at Treaty Creek with the objective being to define a significant
gold resource.
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.
Posted by AGORACOM
at 9:33 AM on Friday, July 26th, 2019
Cardston, Alberta–(Newsfile Corp. – July 26, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“the Company”) (“American Creek”) today announced that it
will be offering on a non-brokered private placement basis (“the
Offering”) up to 6,000,000 units (“Units”) at a price of $0.05 per Unit
for proceeds of $300,000 if the Offering is fully subscribed. Each Unit
will consist of one common share of the Corporation (“Common Share”) and
one non-transferrable Common Share purchase warrant (“Warrant”). Each
Warrant may be exercised for one additional Common Share at a price of
$0.06 for a period of 24 months from the closing date of the Offering.
The securities will be offered to qualified purchasers in reliance
upon exemptions from prospectus and registration requirements of
applicable securities legislation. A Finder’s Fee of 5% may be paid
associated with this financing.
Proceeds will be used for general operating purposes including the advancement of key assets in BC’s Golden Triangle.
This private placement is subject to approval by the TSX Venture Exchange.
American Creek Resources “CEO Verified” Discussion Forum on
AGORACOM to act as Primary Investor Social Media and Online Marketing
Platform
The Company is also pleased to announce the launch of a “CEO
Verified” Discussion Forum on AGORACOM. The forum will serve as the
Company’s primary social media platform to interact with both
shareholders and the broader investment community in a fully moderated
environment.
AGORACOM “CEO Verified” provides the first ever identity verification
of small cap executives on a finance platform, which will provide
American Creek Resources executives and shareholders with a trusted
online forum. There are no log-in requirements for investors to visit
the forum and read posts. Those wishing to post questions, comments and
interact with both company officers and other shareholders can quickly
log-in using their Facebook or LinkedIn accounts, or create an anonymous
new user account.
Darren Blaney, President and CEO Rob Edwards, CFO Kelvin Burton, Investor Relations
Darren Blaney, President and CEO stated, “Social media participation
is very important for growth companies such as ours and AGORACOM forums
are purpose built to facilitate intelligent discussion without the
nonsense that plagues other such sites. I encourage everyone to read and
participate in our CEO Verified Discussion Forum to create great,
vibrant and constructive interaction for the long term benefit of
everyone. “
George Tsiolis, AGORACOM Founder stated “Given the state of affairs
in the red hot Golden Triangle, American Creek executives will have a
lot to say and their shareholders are going to have a lot of questions
in the coming months. This CEO Verified Discussion Forum will provide a
home for trusted information, full transparency and civilized 24/7/365
interaction.”
In addition to the CEO Verified Forum, the Company will also receive
significant exposure through millions of content brand insertions on the
AGORACOM network, extensive search engine marketing and social media
engagement targeting the Golden Triangle over the next 12 months.
Sponsorships of digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of American Creek amongst small cap investors.
About AGORACOM
AGORACOM achieved a major milestone on February 28, 2019 surpassing
600 Million-page views (90% AGORACOM / 10% Twitter) from 7.7 Million
investors that visited 55.2 Million times. These milestones continue to
demonstrate that AGORACOM is the primary home for serious small cap
investors that want to discover their next great small cap company.
Shares for Services
The Company intends to issue common shares in the capital of the
Company (the “Common Shares”) to AGORA in exchange for the Services.
Pursuant to the terms of the Agreement, the Company will be issuing a
total fee of $45,000 (plus GST) in instalments over the next 12 months.
The number of Common Shares to be issued at the end of each period
will be determined by using the closing price of the Common Shares of
the Company on the Toronto Venture Exchange on the first trading day
following the end of each period for which the Services were provided by
AGORA.
The term of the Agreement is for 12 months effective July 15, 2019 and the agreement is subject to Exchange approval.
Image of mineralized zones on Treaty Creek located adjacent to Seabridge Gold’s KSM deposits.
With Eric Sprott’s latest $3,000,000 investment announced on Friday
he has now personally invested $4.5 million into the Treaty Creek Joint
Venture through its operator and 60% owner Tudor Gold. In a podcast
(also on Friday) Eric enthusiastically described the potential of the
Treaty Creek project when he made statements like:
“It’s drilling a monster play just like the GT Gold play”
“The last hole they announced, which was last year, was 563 meters of
1.08 gold.”
“It’s in the perfect logistical place to develop it. The
market cap of the company (Tudor) is like under $50 million and yet what
we’re shooting for is to define a 10 or 20-million-ounce discovery, so
you’re paying nothing for this discovery.”
“So that’s the sort of play that I like where man, if the
price of gold goes to $1,700 or $2,000 these plays will look so
economically viable and the stock will go up so much, and the analogy I
use is Seabridge back in 2000. I remember buying it at a dollar…and
Seabridge went from $1 to $35 dollars! That is what we are looking for –
a dollar to $35 dollars, set you up for life!”
American Creek Resources has a fully carried 20% interest (1/3 of
Tudors 60% interest) in the Treaty Creek Joint Venture and has a “free
ride” with no associated exploration/development costs until such time
as a production notice is given. This puts American Creek shareholders
in an extremely favorable leveraged position, especially considering the
other exceptional properties it owns including two more in BC’s Golden
Triangle. American Creek is presently valued at, and is trading at less
than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and
flagship property), offering an even more leveraged opportunity at the
moment.
The Goldstorm zone at Treaty Creek has the potential to be a world
class gold deposit with lower costs and far better logistics than
Seabridges’ adjacent KSM. According to Sprott, Seabridge set a lot of
people up for life and the opportunity for something similar by “paying
nothing for the discovery” is right here, right now.
Click the link below for the Sprott podcast. Tudor/Treaty Creek are
discussed beginning at about the 10:07 mark….but we suggest you listen
to the whole thing as Eric describes the present gold/silver market in
general.
American Creek is a Canadian junior mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”;
the Treaty Creek and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 10:55 AM on Thursday, July 25th, 2019
AMK owns a 20% carried interest to production at Treaty Creek
Last hole at Goldstorm 2018: 563.8m of 0.98 g/t gold and unknowingly stopped while still in the gold zone
Seabridge’s production logistics require Treaty Creek ownership approval.
Potential scale of Treaty Creek equal to KSM
Tudor is currently drilling Goldstorm
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the fullreport.
Hub on Agoracom  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 1:40 PM on Monday, July 22nd, 2019
SPONSOR: GGX’s Gold Drop property, situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The current 2019 drill program is following up on the 2018 drilling which intercepted high grade gold-silver results (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. Click here for more information
Central Banks Return to Gold
Central banks bought more gold in 2018 than at any time since the early 1970s
Bullion holdings rose by 651.5 tons last year, the most since 1971
In the 1990s, gold was an unloved asset among central banks. Reserve managers lent or sold their gold, particularly in Europe, and the gold price fell to a low of US$250/oz. Years of persistent selling triggered the Central Bank Gold Agreement of 1999, under which signatories agreed to limit collective sales to 400 tonnes per annum, put a cap on gold leasing and take a disciplined approach to gold futures and options.
The Agreement delivered two clear benefits: it helped to stabilise
the gold price and increased transparency around central bank gold
sales. Today, however, sentiment towards gold has been transformed and
gold has regained its status as a valuable and highly regarded reserve
asset.
In 2018 alone, central banks bought 651 tonnes of gold, up 74% compared to 2017 and the highest level since 1971.
Key Changes
A glance back over the past 20 years highlights some of the key changes in central bank behaviour.
First, central banks have rapidly and consistently added to their
foreign exchange reserves since the Asian crisis of 1998. Reserves are a
crucial element in a country’s armoury, providing protection against
both domestic and external shocks and acting as a show of confidence to
the outside world. Emerging market economies led the charge in this
respect, sending worldwide foreign exchange reserves from around US$3
trillion (tn) in 2000 to approximately US$13tn in 2014. Purchases have
plateaued over the past five years but still stand at some US$13tn
today.
The dollar is the most widely held reserve asset but, according to
International Monetary Fund statistics, gold comes third, accounting for
11% of global reserves. Having been net sellers until 2000, central
banks have been net buyers ever since. In 2018 alone, central banks
bought 651 tonnes of gold, up 74% compared to 2017 and the highest level
since 1971. Over the past decade, central banks have purchased more
than 4,300 tonnes of gold, taking their total holdings to around 34,000
tonnes today. The trend has continued in 2019, with net purchases
reaching 90 tonnes before the end of the first quarter.
Notably too, central bank buying has been geographically diverse. Russia
has been the most committed purchaser of gold – acquiring almost 275
tonnes in 2018, the largest amount ever purchased in a single year.
China has been consistently adding to its reserves as well, but many
other emerging market countries have been accumulating gold over the
past year and more, including Hungary, Poland, Egypt, Kazakhstan and
India.
The Drivers
What is the rationale behind this renewed interest in gold? First,
heightened uncertainty about the global economic and geo-political
outlook and second, gold’s intrinsic value as a reserve asset.
Ten years after the Global Financial Crisis, the macro-economic
outlook remains fragile and hard to read. In April, the IMF outlook
highlighted weakening GDP growth, with risks skewed to the downside. As
IMF Chief Economist Gita Gopinath explained, the global economy is at “a
delicate momentâ€. Advanced economies are predicted to grow by just 1.8%
in 2019 and 1.7% in 2020, while growth in the Euro area is expected to
be even lower, at 1.6% and 1.5% respectively. The emerging market growth
trajectory is more solid (4.4% in 2019 and 4.8% in 2020) but risks
remain tilted downwards.
Trade tensions are a major unknown. They have already had a negative
impact on growth and if the US and China do not reach a genuine truce,
the global outlook may worsen further. Fears of retaliation and
escalation may hit business investment, supply chains may be disrupted,
and productivity may slow across the world stage. The Euro area faces
specific challenges too. Business confidence is low, especially in
Germany due to the introduction of new fuel emission standards in the
auto industry. Fiscal policy is affecting Italian sovereign and
commercial bank spreads. And, of course, uncertainty about Brexit
persists, particularly as the exit date has now been postponed to
October 2019.
Furthermore, global geo-political risks have not abated and may have a
negative impact on economic activity. Idiosyncratic risks are
increasing too, such as the rise of populist governments in Latin
America and across Europe.
What is the rationale behind this renewed
interest in gold? First, heightened uncertainty about the global
economic and geo-political outlook and second, gold’s intrinsic value as
a reserve asset.
Gold Advantages
All these uncertainties accentuate negative market sentiment and
drive central bank investors to reallocate their portfolios away from
risky assets to safe haven assets.
This is where gold comes into its own, as it fulfils central banks’ three core objectives: safety, liquidity and return.
Gold is well known as a safe haven asset. It carries no credit risk,
has little or no correlation with other assets and the price generally
increases in times of stress. As such, it offers valuable protection in
times of crisis.
Gold is highly liquid too. It can easily be traded in global market
centres, such as London and New York. It can be used in swap
transactions to raise liquidity when needed and it can be actively
managed by reserve managers.
Gold can also enhance the risk/return profile of a central bank portfolio. Its lack of correlation to other major reserve assets makes it an effective portfolio diversifier and, over the long term, it delivers higher returns than many other assets.Â
Posted by AGORACOM
at 1:10 PM on Monday, July 22nd, 2019
AMK holds a 20% Carried Interest in Treaty Creek, including Goldstorm where Tudor is currently drilling
The Goldstorm zone at Treaty Creek has the potential to be a world class open pit gold deposit with lower costs and far better logistics than Seabridges’ adjacent KSM
Assay results for Goldstorm anticipated shortly
With
Eric Sprott’s latest $3,000,000 investment announced on Friday he has
now personally invested $4.5 million into the Treaty Creek Joint Venture
through its operator and 60% owner Tudor Gold. In a podcast (also on
Friday) Eric enthusiastically described the potential of the Treaty
Creek project when he made statements like:
“It’s
drilling a monster play just like the GT Gold play†“The last hole they
announced, which was last year, was 563 meters of 1.08 gold”
“It’s
in the perfect logistical place to develop it. The market cap of the
company (Tudor) is like under $50 million and yet what we’re shooting
for is to define a 10 or 20-million-ounce discovery, so you’re paying
nothing for this discovery.â€
“So
that’s the sort of play that I like where man, if the price of gold
goes to $1,700 or $2,000 these plays will look so economically viable
and the stock will go up so much, and the analogy I use is Seabridge
back in 2000. I remember buying it at a dollar…and Seabridge went from
$1 to $35 dollars! That is what we are looking for – a dollar to $35
dollars, set you up for life!â€
American
Creek Resources has a fully carried 20% interest (1/3 of Tudors 60%
interest) in the Treaty Creek Joint Venture and has a “free ride” with
no associated exploration/development costs until such time as a
production notice is given. This puts American Creek shareholders in an
extremely favorable leveraged position, especially considering the other
exceptional properties it owns including two more in BC’s Golden
Triangle. American Creek is presently valued at, and is trading at less
than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and
flagship property), offering an even more leveraged opportunity at the
moment.
The
Goldstorm zone at Treaty Creek has the potential to be a world class
open pit gold deposit with lower costs and far better logistics than
Seabridges’ adjacent KSM. According to Sprott, Seabridge set a lot of
people up for life and the opportunity for something similar by “paying
nothing for the discovery†is right here, right now.
Click the link below for the Sprott podcast. Tudor/Treaty Creek are discussed beginning at about the 10:07 mark….but we suggest you listen to the whole thing as Eric describes the present gold/silver market in general.
American
Creek is a Canadian junior mineral exploration company with a strong
portfolio of gold and silver properties in British Columbia. Three of
those properties are located in the prolific “Golden Triangle”; the
Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter
Storm as well as the 100% owned past producing Dunwell Mine.
The
Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax,
Silver Side, and Glitter King properties located in other prospective
areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
