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 1:10 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
Posted by AGORACOM
at 10:13 AM on Friday, July 19th, 2019
AMK – TSX:V
Eric Sprott places 3$ Million with Tudor
Sprott now owns 12.6% on a non-diluted basis, an increase from 7%
AMK holds 20% carried interest at Treaty Creek
2018 drilling ended in 563M of 0.97g/t AU
2019 drilling has begun at Goldstorm
Cardston, Alberta–(Newsfile Corp. – July 19, 2019) – American Creek Resources Ltd. (TSXV: AMK) (OTC Pink: ACKRF) (“American Creek”) is pleased to report that Canadian billionaire Eric Sprott has invested an additional $3,000,000 in JV partner Tudor Gold for the ongoing Treaty Creek drill program currently underway on the Treaty Creek property located in the Golden Triangle of Northwestern British Columbia.
Drilling is continuing on the gold enriched Goldstorm Zone which is on-trend with Seabridges’ Iron Cap Zone located five kilometers to the southwest. Drilling is designed to define a deposit with the potential of being open pit mined. For more details watch the Tudor Gold video here
Darren
Blaney, CEO of American Creek stated: “This further significant
investment by Mr. Sprott is a very solid endorsement of not only our
partner, the Tudor Gold team, but more specifically of the potential of
the flagship Treaty Creek project. Our 20% fully carried interest in the
project is looking better and better.”
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
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 12:34 PM on Wednesday, July 17th, 2019
THE ONE GOLD REPORT TO READ Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUSTâ€
2019 annual report is now available for download from Incrementum.
For those new to the gold market there is a condensed (<100 pages)
report and for those who want to go deeper, an expanded version (>300
Pages).
We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
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 full report.
HUB on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 10:46 AM on Thursday, June 27th, 2019
THE ONE GOLD REPORT TO READ Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUSTâ€
2019 annual report is now available for download from Incrementum.
For those new to the gold market there is a condensed (<100 pages)
report and for those who want to go deeper, an expanded version (>300
Pages).
We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
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 full report.
HUB on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 9:59 AM on Wednesday, June 19th, 2019
THE ONE GOLD REPORT TO READ Perhaps the most comprehensive Gold Report on the planet, the “IN GOLD WE TRUST†2019 annual report is now available for download from Incrementum. For those new to the gold market there is a condensed (<100 pages) report and for those who want to go deeper, an expanded version (>300 Pages).
We also suggest watching the short introductory video with Ronald-Peter Stoeferle further down the download page.
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 full report.
HUB on Agoracom  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 9:22 AM on Wednesday, June 12th, 2019
JV partner Tudor Gold has begun a two-phase drill program at Treaty Creek located in the Golden Triangle
Diamond drilling is on the Goldstorm Zone which is on-trend from Seabridges’ Iron Cap Zone
The Goldstorm target appears to be a large body of gold mineralization that has been traced for approximately 500 meters along strike and appears to be approximately 300 meters in width.
Gold mineralization remains open in all directions and it is open to depth as well
Cardston, Alberta–(Newsfile Corp. – June 12, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (OTC Pink: ACKRF) (“American Creek”) is pleased to report
that JV partner Tudor Gold has begun a two-phase drill hole program at
their flagship property, Treaty Creek located in the Golden Triangle of
Northwestern British Columbia. Diamond drilling is starting on the
Goldstorm Zone which is on-trend from Seabridges’ Iron Cap Zone located
five kilometers to the southwest of our Goldstorm-Copper Belle system.
The
gold mineralization remains open in all other directions and it is open
to depth as well. The focus of the program is to expand the gold
mineralization to the southeast in the direction of the footwall zone
and to attempt large step-outs to the northeast along the strike of the
gold mineralized trend.
Figure
1. Treaty Creek: Seabridge’s Iron cap in background (SW), mineralized
zones labeled, Goldstorm in foreground (NE). The Kyba Discovery Contact
(red) & the Sulphurets Thrust Fault (blue) are responsible for many
world-class deposits.
Ken
Konkin, P.Geo., Tudor Gold’s Exploration Manager stated: “Our crews
have worked very hard in order to get the camp operational and to build
the required drill platforms to begin the drill program. The goal is to
drill along wide-spaced sections in-order to rapidly advance the drill
program. The Goldstorm target appears to be a large body of gold
mineralization that has been traced for approximately 500 meters along
strike and appears to be approximately 300 meters in width. We have yet
to encounter the footwall contact zone and the last hole drilled in 2018
was on a 100 meter step-out along strike to the northeast. This drill
hole CB18-39 yielded one of the best results of the project to-date (
0.981 grams per tonne gold over 563.8m ). The richer gold-bearing
horizons occur near surface within the uppermost parts of the Goldstorm
body; however, the system shows great vertical continuity and extends
for approximately 700 meters. Drill hole CB18-39 ended in
mineralization, therefore, the true depth of the system is unknown. In
addition to the diamond drill hole program, a geophysical team will
assess the structural aspects. Crews will utilize a deep ground
penetrating radar instrument in order to scan through the glacier and
lateral moraine piles. This may give us clues as to the nature of the
footwall contact zone and continuity of other regional structures that
occur beneath the covered areas of the immediate Goldstorm area.”
Darren
Blaney, CEO of American Creek stated: “It’s great to see the 2019
exploration program commencing at Treaty Creek. Tudor is to be commended
for doing what it takes to get a very early start on the much
anticipated drilling. We are confident in Mr. Konkin and his team and
very much look forward to the realization of a maiden resource
calculation at Treaty Creek.”
The first phase of drilling will include 3,600 meters of drilling with five planned drill holes.
Walter Storm, President and CEO
stated: “We are confident that Ken Konkin with his geological
experience has defined and prioritized the right drill targets for our
phase l drilling and we can plan a phase II drilling later this season
based upon results obtained from the first round of drilling.”
Treaty Creek Information
For a complete report on Treaty Creek, click here.
To view a video on the 2019 drill program, click here.
Qualified Person
The
Qualified Person for this news release for the purposes of National
Instrument 43-101 is the Company’s Exploration Manager, Ken Konkin,
P.Geo. He has read and approved the scientific and technical information
that forms the basis for the disclosure contained in this news release.
About American Creek
American
Creek 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
