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-JC
at 10:31 AM on Wednesday, September 25th, 2019
There is a lot we could say about American Creek’s Treaty Creek Project … But we’ll let the words of 4 much smarter and wealthier people do all the talking:
Walter Storm, CEO Tudor Gold (JV Partner)
“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.
“Eric Sprott, Billionaire Investor and 2X Investor In American Creek Resources
“What we’re shooting for is to define a 10 or 20-million-ounce discovery“
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.”
Grab your favourite beverage, watch this interview with American Creek Resources and start your due diligence.
Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
OTHER RECENT HIGHLIGHTS
Reported on First Two 2018 Holes at Treaty Creek Including 1.036 G/T Gold over 121.8 Meters and First Sighting of Visible Gold in Core Read More
Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
View Presentation
FULL DISCLOSURE: American Creek Resources is an advertising client of AGORA Internet Relations Corp.
Tags: #copper, #TreatyCreek, $SEA, Seabridge Posted in American Creek Resources Ltd. | Comments Off on CLIENT FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek, same system as Seabridge Gold $SEA.ca $SKE.ca $TUD.ca $PVG $MRO.ca
Posted by AGORACOM
at 9:17 AM on Friday, February 1st, 2019
JV partner Tudor Gold announced the designation of a new gold zone at Treaty Creek which has been named “Goldstorm”
The mineralization encountered to the northeast of Copper Belle has different characteristics, configuration and geometry.
“Goldstorm is a much larger system than Copper Belle at 300m wide and extends vertically for over 700m
Gold appears to be continuing towards the northeast and southeast and clearly becomes stronger in the northernmost hole, CB18-39 which returned 563.8 meters of 0.981 grams per tonne gold
Cardston, Alberta–(Newsfile Corp. – February 1, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“the Corporation”) today reports that JV partner Tudor
Gold announced the designation of a new gold zone at Treaty Creek which
has been named “Goldstorm”. It was previously thought that gold
mineralization identified by drilling northeast of the Copper Belle Zone
was simply a northeast extension of that same zone, but after
evaluating drill hole data from holes completed in 2016, 2017 and 2018,
it appears that the mineralization encountered to the northeast of
Copper Belle has different characteristics, configuration and geometry.
While it is unclear whether the zones are genetically linked, these
zones are physically separate. The surface drill hole location map at
the end of this news release shows the location of both gold zones.
Tudor
Gold Exploration Manager, Ken Konkin explains: “Goldstorm is a much
larger system than Copper Belle, it is at least 300m wide and extends
vertically for over 700m. The zone has been traced for approximately 500
meters along a northeastern azimuth. Gold mineralization appears to be
continuing towards the northeast and southeast and clearly becomes
stronger in the northernmost hole, CB18-39 which returned 563.8 meters
of 0.981 grams per tonne gold. The upper portion of CB18-39 averaged
1.141 gpt gold over 280.5 meters and a lower zone in the same hole
averaged 1.154 grams per tonne gold over 156 meters. This hole bottomed
in mineralization and we will look at the option of re-entering the hole
this year in attempts to extend the mineralization deeper. But the
primary focus will be to extend the Goldstorm Zone along strike to the
northeast and to the southeast as well.
Over the coming months,
we hope to gain a better understanding of aspects that control gold
mineralization. Re-examination of drill hole information has revealed
the presence of a northwest dipping thrust fault that appears to define
the upper contact of the Goldstorm system. The relationship of this
fault to the formation of the mineral zone is an aspect of further
study, as are the various styles of sulphide mineralization,
silicification and alteration. Compilation and evaluation of this data
will help in planning for the drilling campaign to be undertaken in the
up-coming exploration season.”
The following table gives gold
composite values over broad intervals from four drill hole sections that
cut the Goldstorm Zone, incorporating results from diamond drill holes
completed during 2016, 2017 and 2018. Low-grade gold mineralization
occurs as a broad envelope which contains a horizon of stronger gold
mineralization in the upper portion of the system. Furthermore, the
drill hole sections demonstrate what appears to be the presence of a
second, lower gold horizon. The corresponding sections 108+00 NE, 109+00
NE, 110+00 NE and 111+00 NE are displayed at the end of this news
release.
Table I: Sections 108+00NE, 109+00NE, 110+00NE and 111+00NE Gold Composites
* All assay values are uncut and intervals reflect drilled intercept lengths. * True widths of the mineralization have not been determined.
QA/QC
In
2016 and 2017, drill core samples were prepared and analyzed at
Activation Laboratories Ltd. in Kamloops, BC. In 2018, drill core
samples were prepared ALS Global’s Preparation Laboratory in Terrace, BC
and assayed at ALS Global’s Geochemical Laboratory in North Vancouver,
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. Activation
Laboratories and ALS Global Laboratories quality systems comply with the
requirements for the International Standards ISO 17025: 2005.
QP
The
Qualified Person for this new 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.
Treaty Creek Joint Venture
The
Treaty Creek Project is a joint venture between Tudor Gold, 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).
For more information about Treaty Creek click here.
About American Creek
American
Creek is a 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 recently completed a preliminary exploration program, including 2,000 meters of drilling, on its 100% owned Gold Hill project located in the Wild Horse River watershed of SE British Columbia. Assay results are pending.
The
Corporation also holds the 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.
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 including, without limitation, statements relating to the
Goldstorm Zone as well as any 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. Important factors that could cause actual results to differ
materially from the Corporation’s plans or expectations include risks
relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and delays,
exploration cost overruns, availability of capital and financing,
general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the
Corporation with securities regulators. The Corporation expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise except as otherwise required by applicable
securities legislation.
Tags: #CopperBelle, #Discovery, #Tudor, gold, Seabridge Posted in American Creek Resources Ltd. | Comments Off on American Creek Reports That JV Partner Tudor Gold Confirmed the Presence of a Substantial New Gold Zone at the Treaty Creek Project, Golden Triangle $AMK.ca $TUE.ca $SEA.ca
