Posted by AGORACOM
at 2:14 PM on Wednesday, February 3rd, 2021
John published a new chart showing the stock pricing for the Treaty companies compared to the value of Treaty Creek that each company owns.
In American Creek’s case it is trading at a 74% discount to its contractual value of “20% of Treaty Creek
John Newell is a portfolio manager at Fieldhouse Capital Management and president and CEO of Golden Sky Minerals Corp. He has 38 years of experience in the investment industry acting as an officer, director, portfolio manager and investment advisor with some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields (RBC Capital Markets). Newell is a specialist in precious metal equities and related commodities, and follows a disciplined proprietary approach incorporating equity research, analytical frameworks and risk controls to evaluate and select long and short stocks primarily from the Canadian small and mid-cap coverage. Many large, midcap and junior precious metal companies use his technical charts. Newell is a registered portfolio manager in Canada (advising representative).
On Monday February 1st, 2021 John published a new chart showing the stock pricing for the Treaty companies compared to the value of Treaty Creek that each company owns. In American Creek’s case it is trading at a 74% discount to its contractual value of “20% of Treaty Creek”.
Below are Johns notes and charts:
Déjà vu all over againAMK owns a 20% carried interest in the Treaty Creek Gold Project located in BC’s Golden Triangle. Tudor (TUD) owns 60%, Teuton (TUO) 20%, and American Creek (AMK) 20%. As Highlighted in the spread sheet below.AMK is trading at a 74% discount to Tudor (at $2.50 per share). This represents the same deep undervaluation compared to Tudor as when AMK was trading under $0.10 per share.Recently completed 45,600 meter highly successful drill program to expand and extend gold mineralization at Treaty Creek. The deposit remains open in all directions.Maiden resource is being calculated and will be announced soon.Tudor’s technical chart breaking the short-term downtrend line after last years big run.AMK has exchange, regulatory, and shareholder approval for their “Stinger” spin-out to add shareholder value, giving shareholders a cash rich past producer next to Ascot Resources.Strong insiders share ownership of AMK shares, aligning with shareholders
“If Tudor Gold lives up to the high expectations of market participants and has a powerful gold resource of 15-30 million ounces of gold on Treaty Creek, we believe that an unprecedented takeover battle for one of the most attractive gold projects in Canada will ensue”
These statements are taken from JS Research’s latest report (found below) on Treaty Creek and our JV partner Tudor Gold. The report highlights this year’s 45,600m program at Treaty Creek as we look forward to the initial resource calculation on the property.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. 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”.
American Creek has not independently confirmed the technical information in the JS Research report.
Posted by AGORACOM-JC
at 8:27 PM on Sunday, January 10th, 2021
There is a lot we could say about American Creek Resources (AMK:TSXV) Treaty Creek Project but you might accuse of us of making it up, so we’ll let the words of 4 much smarter and wealthier people do all the talking:
Eric Sprott, Billionaire Investor and 2X Investor In American Creek Resources
“It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)” – July 24, 2020
Darren Blaney, President & CEO American Creek Resources
“Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth.”
Walter Storm, CEO Tudor Gold (JV Partner) And Financier Of Osisko Gold Reaching $4.5 Billion Market Cap
“These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system.”
Ken Konkin , Tudor Gold Exploration Manager (Credited With Discovering Brucejack Mine Just South Of Treaty Creek)
“Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system.“
Posted by AGORACOM
at 8:23 AM on Thursday, January 7th, 2021
Best near-surface intercept was from the 300 Horizon in GS-20-91 on Section 112+50 NE that averaged 0.856 gpt AuEq over 1033.5 meters containing an enriched portion of 532.5 meters (60.0-592.5 m) that averaged 1.112 gpt AuEq.
GS-20-92 also had a remarkable 82.5 meter intercept (213.0-295.5 m) of 3.286 gpt AuEq within the 300 Horizon, which is the highest grade gold composite interval drilled to date on the project. This lies within a longer intercept of 531.0 meters (90.0-621.0 m) averaging 0.999 gpt AuEq.
Cardston, Alberta–(Newsfile Corp. – January 7, 2021) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is very pleased to present results for the last set of 2020 diamond drill holes for the Goldstorm Zone at their JV flagship property, Treaty Creek. The project is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from sampling of 9,621.7 meters of HQ and NQ2 core, from 11 diamond drill holes, have recently been received from MSA Labs. American Creek’s JV partner, Tudor Gold has completed 50 diamond drill holes at the Goldstorm System (GS) and three diamond drill holes at the Perfect Storm Zone (PSZ), for respective totals of approximately 44,000 meters (GS) and 1,600 meters (PSZ) during the 2020 exploration season. It was necessary to abandon two of the final drill holes as ground conditions prevented the safe completion of GS-20-99 and GS-20-101 late in the season, however, significant gold and silver mineralization was encountered in GS-20-99 (0.647 gpt AuEq over 109.5 meters) and this hole ended in strong stockwork within the DS5 System. Unfortunately drill hole GS-20-101 was abandoned before intersecting the area of the intended target and this hole will be re-drilled in 2021. From the remaining 51 drill holes, all but one were successful in intersecting the intended targets.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., stated: “We are very pleased with the results obtained from our 2020 exploration program and we anticipate the completion of an initial resource estimate over the next few months. We are also determined to continue the exploration efforts in 2021 to better define and potentially expand the Goldstorm and Perfect Storm Systems. It was not possible to attempt drilling at some of our high priority exploration targets due to the rapid accumulation of snow in late November and December that caused avalanche hazards, therefore, these sites remain as excellent drill targets. We have since received our explosives permit and have purchased an explosives magazine so our avalanche teams can now safely remove snow build-up for the up-coming exploration season. Our goal is to again have a late spring start-up so that we can effectively prepare the slopes to allow drilling in the northeast area of the Goldstorm System that was not completed in 2020. The Au-Ag-Cu mineralization remains open to the northeast and to the southeast, with the possible exception of section 114+00 NE, where the easternmost drill hole (GS-20-102) may have defined the southeast limit in that area.”
Goldstorm Highlights include:
Eleven diamond drill holes in this news release totaling 9,621.7 meters; the favorable composite results are listed in Table 1 below.
Best near-surface intercept was from the 300 Horizon in GS-20-91 on Section 112+50 NE that averaged 0.856 gpt AuEq over 1033.5 meters (60.0-1093.5 m) containing an enriched portion of 532.5 meters (60.0-592.5 m) that averaged 1.112 gpt AuEq.
GS-20-92 also had a remarkable 82.5 meter intercept (213.0-295.5 m) of 3.286 gpt AuEq within the 300 Horizon, which is the highest grade gold composite interval drilled to date on the project. This lies within a longer intercept of 531.0 meters (90.0-621.0 m) averaging 0.999 gpt AuEq.
An aggressive 150 meter step-out drill hole (GS-20-99) extended the DS-5 Zone further to southeast on section 115+50 NE. The intercept averaged 0.647 gpt AuEq over 109.5 meters (855.5-965.0 m). The hole was lost at 965.0 meters in strong stockwork and DS5-type mineralization. The system remains open to the northeast and southeast along Section 115+50 NE.
Posted by AGORACOM
at 9:31 AM on Wednesday, December 16th, 2020
1.078 gpt AuEq over 345.0 Meters Within 921.0 Meters of 0.821 gpt AuEq (Hole GS-20-83) at the Goldstorm Zone, Treaty Creek, Located in B.C.’s Golden Triangle
Cardston, Alberta–(Newsfile Corp. – December 16, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to present results for the fifth set of diamond drill holes for the Goldstorm Zone at their flagship property, Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from 12 diamond drill holes have recently been received from MSA Labs with final results from another 11 diamond drill holes pending. All drill holes have successfully intersected the Goldstorm System, expanding and defining the mineralization along the northeast and southeast axes, as well as to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis and, as well, the CS-600 and DS-5 zones have been expanded to the northeast and to depth. All 39 drill holes completed at Goldstorm during the 2020 program have encountered significant precious metal mineralization. The 2020 Treaty Creek Diamond Drill Program was completed last week, and field personnel have winterized the camp. The track-components of two track-mounted diamond drills remain on site ready for start-up of the 2021 exploration season.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “We are very pleased with the results obtained from all 39 drill holes completed this year to-date and we anticipate the release of the final 11 holes of the year within a few weeks. This brings the total to 50 drill holes that were completed this year at the Goldstorm Zone. These latest holes continued to expand the limits of the mineralized targets along the northeastern and the southeastern axes, and to depth. For a fifth consecutive press release, we have surpassed our best result from last years’ drill hole program (0.697 AuEq over 1081.5 meters in hole GS-19-47) with drill holes GS-20-83 and GS-20-94 as described in the headline. The final 11 drill holes represent over 9600 meters of drilling and we expect that MSA Labs will complete the analysis of these final samples as soon as possible.”
Treaty Creek Highlights include:
Twelve drill holes presented in this press release total 11,551.1 meters.
The best results were from GS-20-94, a near-surface 354.0 meter intercept (36.0-390 m) averaging 1.215 gpt AuEq and GS-20-82 with a 351m intercept (113.0-464.0 m) averaging 1.051 gpt AuEq. Both holes are located on Section 111+00 NE.
Equally impressive was drill hole GS-20-83 that also had a near-surface intercept over a similar 345.0 meters (73.5-418.5 m) that averaged 1.078 gpt AuEq on Section 112+50 NE.
More Core Drilling did an excellent job completing 50 HQ/NQ2 diamond drill holes totaling 43,972 meters at Goldstorm and 1,636 meters at the Perfect Storm Target with three drill holes.
The following three tables below provide the complete list of composited drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth.
Table l: Results Goldstorm Zone Press Release December 15th 2020
Section
Hole
Zone
From
To
Interval (m)
Au
Ag
Cu
AuEQ
114+00 NE
GS-20-80
300H + CS600
222.50
1349.00
1126.50
0.369
1.66
653
0.486
including 300H
398.00
695.50
297.50
0.488
1.98
135
0.531
and including CS600
831.50
1028.00
196.50
0.572
3.25
2703
1.011
115+50 NE
GS-20-81
300H + CS600 + DS5
558.40
1389.50
831.10
0.422
1.56
940
0.580
including 300H + CS600
558.40
957.50
399.10
0.529
1.96
1712
0.807
with 300H
558.40
636.50
78.10
1.047
1.52
139
1.086
and with CS600
704.00
957.50
253.50
0.481
2.37
2494
0.879
111+00 NE
GS-20-82
300H + CS600
113.00
1041.50
928.50
0.629
2.46
519
0.736
including 300H
113.00
464.00
351.00
0.969
3.56
263
1.051
with 300H
224.00
422.00
198.00
1.283
5.29
408
1.407
112+50 NE
GS-20-83
300H + CS600 + DS5
73.50
994.50
921.00
0.676
3.97
655
0.821
including 300H
73.50
418.50
345.00
1.008
3.48
191
1.078
and including CS600
566.45
727.50
161.05
0.426
3.90
2863
0.898
and including DS5
813.00
994.50
181.50
0.919
7.33
190
1.035
112+50 NE
GS-20-85
300H
66.50
692.00
625.50
0.748
3.80
275
0.834
CS600
752.00
989.00
237.00
0.241
2.23
1734
0.524
DS5
1118.00
1278.50
160.50
0.511
2.11
128
0.555
114+00 NE
GS-20-86
300H
118.50
577.50
459.00
0.712
3.43
263
0.792
CS600
730.50
942.00
211.50
0.469
2.49
2172
0.821
DS5
1014.00
1425.00
411.00
0.595
2.85
145
0.650
including
1192.50
1395.00
202.50
0.889
3.39
130
0.949
111+00 NE
GS-20-89*
300H
87.00
125.00
38.00
1.142
12.85
91
1.309
111+00 NE
GS-20-90
300H + CS600
63.00
847.50
784.50
0.646
2.89
465
0.750
including 300H
72.00
405.00
333.00
0.915
3.60
177
0.984
and including CS600
643.50
768.00
124.50
0.635
4.60
1632
0.932
110+00 NE
GS-20-93*
300H
20.50
237.50
217.00
0.535
3.40
152
0.599
incl.
20.50
131.00
110.50
0.850
5.49
206
0.946
111+00 NE
GS-20-94
300H
36.00
1261.50
1225.50
0.646
2.50
178
0.702
including
36.00
390.00
354.00
1.123
4.14
287
1.215
or including
36.00
820.50
784.50
0.856
3.45
239
0.933
108+00 NE
GS-20-96
300H
6.00
109.50
103.50
0.804
2.27
129
0.850
CS600
279.00
385.50
106.50
0.228
3.77
1235
0.457
110+00 NE
GS-20-97
300H
18.40
584.00
565.60
0.609
1.95
107
0.648
incl.
18.40
381.50
363.10
0.693
2.35
141
0.742
*lost drill hole in mineralization
All assay values are uncut, and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Table ll: Drill Data for Holes in Press Release December 15th, 2020 Table II and Table III
Attached are Sections 108+00 NE, 110+00 NE, 111+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing holes traces with histogram plots for gold and copper results and a Plan Map showing the drill hole and section locations.
Walter Storm, President and CEO, stated: “We are very pleased to announce the safe successful completion of our 2020 diamond drill hole program. We completed over four times the amount of drilling from the previous year’s program, greatly advancing Tudor’s flagship Treaty Creek Property. We completed almost 44,000 meters of drilling at the Goldstorm System and over 1,600 meters of drilling at the Perfect Storm target. Once we receive the final results from the last eleven drill holes, we will then pass the data to our resource engineers and geoscientists for an initial resource estimate. Continued drilling is required for 2021 to locate the limits or edges of the mineralized system. Due to the size and robust nature of the mineralization, the Goldstorm System remains open on all fronts and to depth. We are proud of what we have achieved in these last two years of exploration and in-particular, the great effort to withstand the harsh winter elements during November and December at Treaty Creek to bring the 2020 drill campaign to a safe close. Our commitment is to continue to advance the project as quickly as possible. We have left the track-drill carriage components for two track-mounted drill rigs on-site so our team can get an early start to the 2021 drill season. We look forward to receiving the final results of the eleven drill holes from MSA Labs within a couple of weeks to complete the 2020 exploration season on schedule.”
Tudor Gold Corp and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols.
Darren Blaney, CEO of American Creek, commented: “We are extremely impressed with the drill program our JV partner Tudor Gold has completed this year and with the significant potential deposit that it has revealed. The Goldstorm zone already appears to be world-scale in size and yet is still open from the northeast to the southeast and remarkably, also at depth. The Magnetotelluric survey done in 2016, which shows potential continuation of gold mineralization well beyond the extent of this year’s drilling of Goldstorm, has proven to be very accurate. That same survey data also shows tremendous potential at the Perfect Storm zone which, due to permitting restraints, was only able to have the outer halo drill tested this year, and yet the drilling still encountered gold mineralization.
“Recognition must be given to both Tudor Gold and More Core for initiating the drill program in early May and carrying through to December. This is no small feat in the Golden Triangle region. While bad weather and Covid-19 limited many projects within the area this season, Tudor and More Core delivered an incredible 45 km of drilling with every hole encountering significant gold mineralization.
“We look forward to the remaining holes, the metallurgical work, and ultimately the maiden resource calculation of the Goldstorm on Treaty Creek sometime in the new year.”
QA/QC
Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the Company. International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the company.
Qualified Person
The Qualified Person for Tudor’s news release for the purposes of National Instrument 43-101 is Tudor’s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for their disclosure contained in their news release.
The Qualified Person for this news release is James A. McCrea, P. Geo., for the purposes of National Instrument 43-101. While American Creek has not independently confirmed Tudor’s information, Mr. McCrea has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
Treaty Creek JV Partnership
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. 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”.
Treaty Creek Background
The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits however, with far better logistics.
For a better understanding of the mineralized zones at the Goldstorm, please view this video (which shows the original 20,000m planned drill program opposed to the 40,000m+ drill program that has taken place).
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 JV with Tudor Gold/Walter Storm, the D-1 McBride, and 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.
See additional images of drill locations in this press release at www.americancreek.com.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Corporation’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Corporation’s profile on www.sedar.com. The Corporation does not assume any obligation to update any forward-looking statements.
Posted by AGORACOM
at 11:58 AM on Monday, December 7th, 2020
On Friday December 4th, Seabridge Gold (SEA) announced its intentions to purchase the Snowfield deposit from Pretium Resources (PVG), details here. As a result, we experienced a high volume of emails and calls as to how this may affect Treaty Creek. In our opinion, we think it’s a positive move for all three projects located in the Sulphurets Hydrothermal System. Our analysis of the transaction and the associated benefits is as follows:
Below is an image created by Seabridge showing the KSM and Snowfield deposits and the relative gold grades/value of those deposits. Technically, the Snowfield is the top part of the Mitchell deposit, which it sits beside.
On its own, the Snowfield added no present value to Pretium in the near term for a few reasons: The Snowfield has a very low-grade halo that on its own, at present gold values, isn’t profitable to produce. It has a higher-grade core but that core isn’t large enough to justify the costs to get it out at today’s gold price. Logistics. Because the Snowfield is located upslope above the Mitchell deposit in the Mitchell valley, mine construction would have been very difficult due to the terrain combined with the proximity to the Mitchell deposit located below owned by Seabridge. Access. Even if the gold grades were higher and there was room to develop the Snowfield on its own, there appears to be no feasible way to get the ore to market except through the proposed Mitchell Teigen Tunnels (MTT) which (if built) would be owned by Seabridge. The above, and perhaps some other reasons as well, is why the Snowfield deposit has been sitting there with no progression for many years, which in its present state added zero value to Pretium. It could be argued that a sale worth $3 USD per ounce in the ground is a lot better than $0 per ounce while it sits dormant. We think this was a great deal for PVG as they get: $100m up front in working capital $20m down the road A Net Smelter Royalty (NSR) of 1.5% down the road
By combining the Snowfield with the KSM, SEA removed the “higher grade core isn’t big enough on its own” problem, the “no room” problem, and the “access” problem. We think this was a great deal for SEA as it helps them accomplish their goals:
Improve their ounces/share ratio
Improve the NPV and IRR on the KSM
Allow them to defer underground operations until later in the production schedule
Pay down the Cap-X for the KSM quicker
We think this a great deal for Treaty Creek (TC) shareholders (TUD, AMK, TUO) because anything that improves Seabridge’s chances of going into production is potentially beneficial to us:
The only route for the KSM to go into production is through the use of the MTT which closely follows both the Kyba Line and the Sulphurets Thrust Fault through most of TC (this is the most heavily mineralized trend though TC including the Perfect Storm (PSZ), the Goldstorm (GS), and orpiment (GS2) zones as seen on the image above.
If SEA is able to find a route through TC without disturbing potential deposits then it will build important infrastructure (bridge, roads, power, etc.) right onto TC.
If SEA isn’t able to find a route through TC without disturbing potential deposits then SEA potentially will form an agreement with TC owners (benefiting TC shareholders) followed by building important infrastructure right onto TC.
A second mine, especially one of this magnitude, going into production within the Sulphurets Hydrothermal System will undoubtedly capture the attention of investors and mining companies and shine a spotlight on the third project advancing in the same system; Treaty Creek.
The $3 USD per ounce paid for the Snowfield was a good deal for both companies and has no real bearing on potential insitu gold deposits and associated valuations at TC. It’s all a question of grade, logistics, and potential buyers. The Snowfield has low grade, horrible logistics (to be developed on its own) and potential for only one buyer (SEA). TC sits “on the right side of the mountain” only 20km away down a valley from the highway and the cheapest power in the world. The Goldstorm zone also has its highest gold grades right at surface (300 zone) over a very extended area opposed to dipping steeply into the ground. The logistics, and therefor potential Cap-X and Op-X, are completely different at TC vs both the Snowfield and the KSM.
In conclusion, we believe that the Snowfield purchase by Seabridge will positively impact every company located within the Sulphurets Hydrothermal System. We view this as another very positive development in the rapid progression of Treaty Creek’s development.
Posted by AGORACOM
at 10:10 AM on Friday, November 27th, 2020
Cardston, Alberta–(Newsfile Corp. – November 27, 2020) – American Creek Resources Ltd. (TSXV: AMK) (the “Company” or “American Creek”) – announces that with respect to its annual general and special meeting (the “Meeting“) of shareholders (“Shareholders“) scheduled to take place on Thursday, December 3, 2020 in Vancouver, British Columbia, the Company is encouraging Shareholders and proxyholders not to attend the Meeting in person, particularly if they are experiencing any COVID-19 symptoms.
In order to comply with the Orders of the British Columbia Provincial Health Officer currently in effect related to the COVID-19 pandemic, and in response to the additional directives of the Provincial and Federal governments and health authorities, the Meeting will not be open to the public. Access to the Meeting will be limited to essential personnel and registered Shareholders and proxyholders entitled to attend and vote at the Meeting. There will be strict limitations on the number of persons permitted entry to the Meeting in order to ensure adherence to social distancing requirements. It will also be mandatory for all persons in attendance at the Meeting to wear a face mask/covering.
In order to minimize group sizes and respect social distancing regulations, all Shareholders are urged to vote on the matters before the Meeting by proxy which can be submitted electronically, by mail, or by phone as further described in the Company’s management information circular dated October 29, 2020, by no later than 10:00 a.m. (Vancouver time) on December 1, 2020.
Given the current exceptional circumstances and the requirement to mitigate COVID-19 pandemic risks, there will be no management presentation at the Meeting, nor will there be a question and answer session with management.
As the situation regarding COVID-19 is rapidly evolving, the Company reserves the right to implement additional precautionary measures related to the Meeting if deemed appropriate.
The Company thanks its valued Shareholders and apologizes for any inconvenience caused as a result of the precautionary safety measures taken in respect of the Meeting.
About American Creek
American Creek holds a strong portfolio of gold and silver properties in British Columbia.
Two of those properties are located in the prolific “Golden Triangle”; the Treaty Creek joint venture project with Tudor (Walter Storm) as well as the 100% owned past producing Dunwell Mine.
The Company also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.
Posted by AGORACOM
at 3:34 PM on Monday, November 23rd, 2020
American Creek Resources (AMK:TSX-V) Treaty Creek Project has been the subject of incredible discussion in 2020, including by Eric Sprott who stated Treaty Creek may have as much as 50,000,000 ounces of gold this summer.
There isn’t a single junior exploration company that isn’t envious of Treaty Creek and the one good problem it is creating for the Company – it is overshadowing everything else in the Company. As such, AMK recently announced the following:
“American Creek Announces Spinout of Dunwell Property and Other Properties and Assets and Sets Date for Annual General & Special Meeting”
Watch this powerful interview with CEO Darren Blaney as to the reasons for the spinout that go well beyond the obvious.
Posted by AGORACOM
at 10:59 AM on Thursday, November 5th, 2020
VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that a it intends to complete a non-brokered private placement (the “Private Placement”) of up to 4,000,000 common shares (“Shares”) at a price of $0.05 per Share for gross proceeds to the Company of up to $200,000.
Joanne Freeze, President and CEO, a control person of Candente Gold Corp., will subscribe for a minimum of 50% of the Private Placement. In connection with the Private Placement, Ms. Freeze plans to complete a cross distribution, whereby she will sell up to 2,000,000 Shares from her holdings in pre-arranged trades (the “Cross”) over the facilities of the TSX Venture Exchange Inc. (the “TSXV”). Ms. Freeze will use 100% of the proceeds from the Cross to subscribe for Shares in the Private Placement. The price at which the Cross is completed will be determined in the context of the market.
The Private Placement and the Cross remain subject to all necessary regulatory approvals, including the approval of the TSXV.
The Company intends to use the net proceeds of the Private Placement to advance the recently launched growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while advancing drill targets on the El Oro project, its flagship asset, and general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a four month’s hold period from the date of closing.
The issuance of Shares to Ms. Freeze pursuant to the Private Placement is considered to be a related party transaction subject to TSXV Policy 5.9 and Multilateral Instrument 61-101. Ms. Freeze intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the Private Placement by Ms. Freeze will not exceed 25% of the fair market value of Candente Gold Corp’s market capitalization. The Private Placement has been approved by the board of directors of the Company.
This press release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation, or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
About Candente Gold
Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signify important initial steps.
The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is currently evaluating other properties that are complimentary to the SDA plant, El Dorado and the Cocula Project.
El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*).
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.
Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant recently due to COVID virus travel restrictions. The work discussed in the News Release is either historical and documented by public records or conducted by Mexican professionals with qualifications similar to those of QP’s registered in Canada. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Candente Gold Corp.
“Joanne Freeze” P.Geo. President, CEO and Director
For further information please contact: Joanne Freeze President & CEO Tel: + 1 (604) 689-1957 [email protected]
Posted by AGORACOM
at 8:54 AM on Thursday, October 29th, 2020
VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that high grade gold and silver has been sampled on the Cocula project.
As reported in News Release dated, October 22nd, 2020, samples collected to check historical reporting confirmed grades of 5.663 grams per tonne (“g/t”) gold over 6 metres and 4.322 g/t gold over 8 metres in quartz breccia bodies which we understand are typical throughout the deposit.
In addition, higher grades of 59.0 g/t gold and 729 g/t silver have been found in a selected sample over 10 centimetres (“cm”) in the hanging wall of a quartz vein-breccia structure near the portal of a collapsed adit. We understand mineralization was previously exploited from this adit on a small scale using a flotation recovery process but the Company has not found any formal production records. The mineralization in the high grade sample is described as dark grey to milky white banded quartz in vein and breccia with galena, pyrite and quartz crystals filling open spaces. A channel sample collected over 0.75 m adjacent to the selected sample and including part of the hanging wall, only returned 0.182 g/t gold and 18.9 g/t silver. The channel sample comprised milky white and gray to dark gray quartz breccia vein with fine grained pyrite, +1% galena and trace malachite. The Company understands that the high grades are coming from a bonanza zone for which we have no idea of the size or extent yet. Due to the nature of the high grades, the bonanza zone samples were check assayed in a second laboratory. The two laboratories used are the Alti Plano Gold Silver laboratory in Matehualas, San Luis Potosi, Mexico owned by Reyna Mining and Inspectorate Laboratory owned by Bureau Veritas who prepare their samples in Durango, Mexico and conduct sample analyses in Vancouver, Canada.
Base metal assays and multi-element ICP analyses are still pending for the rock check samples as are results from preliminary metallurgical testing.
The due diligence work is being conducted by Ing. Humberto Hernandez, Geological Engineer, member of Asociación de Ingenieros Mineros, Metalúrgistas y Geólogos de México and Ing. Gerardo Moreno, Geological Engineer and Miner, of Grupo Constructor Germo based in Durango, Mexico.
The Cocula Project area is located within the Ameca Mining District of Jalisco State which is home to Agnico Eagle’s El Barqueño Project and Endeavor Silver’s Terronera Project.
Please see News Releases No. 084 and 086 dated September 10th, and October 22nd, 2020 and http://www.candentegold.com/s/cocula.asp for further details on the Cocula Project.
About Candente Gold
Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signifies an important first step.
The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen our efforts to explore and potentially mine. The Company is currently evaluating other properties that are complimentary to the SDA plant, El Dorado and the Cocula Project.
El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.
Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the Cocula Project recently due to COVID virus travel restrictions. The work discussed in the News Release is either historical and documented by public records or conducted by Mexican professionals with qualifications similar to those of QP’s registered in Canada. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to information regarding the potential for and other statements that are not historical facts. While such forward-looking information is expressed by Candente Gold in good faith and believed by Candente Gold to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Gold’s MD&A. Factors that cause the actual results to differmaterially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Gold expressly disclaims any intention orobligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Candente Gold Corp. “Joanne Freeze” P.Geo. President, CEO and Director
For further information please contact: Joanne Freeze President & CEO Tel: + 1 (604) 689-1957
