- Reports the commencement of a significant drill program on the Treaty Creek Project, immediately adjacent to and in the same hydrothermal system as Seabridge Gold’s KSM property and Pretium’s high-grade Brucejack mine
- Treaty Creek has similar geophysical, geological, and structural signatures to its neighbours with potential for similar scale
Cardston, Alberta–(Newsfile Corp. – July 18, 2018) – American Creek Resources Ltd. (TSXV: AMK) (OTC Pink: ACKRF) (the “Corporation”) is pleased to report the commencement of a significant drill program on the Treaty Creek Project, immediately adjacent to and in the same hydrothermal system as Seabridge Gold’s KSM property (largest gold deposit in the world by reserves) and Pretium’s high-grade Brucejack mine. Treaty Creek has similar geophysical, geological, and structural signatures to its neighbours with potential for similar scale.
The 2017 Copper Belle zone resource delineation program comprised 27 drill holes with intercepts containing long intervals of gold mineralization (an estimated 13,722m total). A block of delineated mineralization from all historical drilling will form the basis for a preliminary resource estimate. Another 8 to 16 holes to depths of greater than 700 m are recommended in order to publish a preliminary resource estimate.
A geophysical (MT/mag) anomaly under Copper Belle (B in Figure 1) shows a strong continuation of mineralized structure that is open to the north, west and to depth. This was verified in the 2017 drill results and supports the priority focus for 2018 drilling on the Copper Belle extensions. The Konkin Zone MT/mag anomaly (A in Figure 1) is another high priority exploratory drill target that previously generated 870 g/t Au over a 1.2m channel sample.
Walter Storm, President and CEO of Tudor Gold, commented (June 4th, 2018): “Our first priority now is to complete the work for our resource estimate followed by drilling other exciting targets confirmed by Simcoe Geoscience. The consolidated geophysical survey that combined acquired data from Magnetotellurics (MT), magnetometer (Mag) and electromagnetic (EM) surveys has provided Tudor with several high priority anomalous drill targets. We expect that this summer’s drill program will be very busy.”
The 2016 Magnetotelluric geophysical survey program (“MT Survey”) was effectively utilized as a guide for the drill program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that the mineralized zone is open along strike and to depth.
Figure 1. Geophysical anomalies on Treaty Creek
To view an enhanced version of Figure 1, please visit:
http://orders.newsfilecorp.com/files/682/36039_a1531885165986_82.jpg
Simcoe Geoscience has previously provided the Magnetotelluric surveys and interpretive guidance for Seabridge Gold and Pretium Resources in targeting what have developed into world-class discoveries on these neighbouring properties.
More Core Diamond Drilling Services of Stewart B.C. (owner Sean Pownall) will carry out all the diamond drilling and will manage the camp activities in 2018. More Core has extensive experience drilling on the Treaty Creek claims having conducted successful programs previously for both Tudor Gold and prior rights holders. Also, once again, Tudor has selected Yellowhead Helicopters Ltd. (YHL) to provide service. YHL has provided safe and efficient service for the Treaty program for the past two years.
The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).
About American Creek
American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three Golden Triangle gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.
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
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Corporation’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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.
View original content with multimedia:
View original content with multimedia:
View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/10/c1228.html
