- Final results for the 2017 exploration season from the GR2/HC zone of the Treaty Creek project.
- HC extension of the GR2 zone was discovered during the 2017 exploration program and carries high-grade gold, silver and base metal mineralization
- 115.5m of 1.31 G/T Gold Including 39m of 2.38 G/T Gold
American Creek Resources Ltd. has provided information on Tudor Gold’s final results for the 2017 exploration season from the GR2/HC zone of the Treaty Creek project. The Treaty Creek project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings mine, both of which are situated in British Columbia’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.
The HC extension of the GR2 zone was discovered during the 2017 exploration program and carries high-grade gold, silver and base metal mineralization. The HC drill program augmented the previous drill holes in the zone and consisted of 17 drill holes totalling 5,401 metres in 2017. The program was designed with a maximum of 50-metre stepouts in the mineralized zone to prepare for a preliminary resource estimate.
The GR2/HC zone appears to be a gold-rich volcanic-hosted massive sulphide deposit in which the feeder vein system and the stratabound lenses have been intersected. A later silver (lead-zinc-antimony-copper) vein system was also found reactivating some of the previous structures in the same area where the HC extension is located. These veins are late in the formation and are hosted in the volcaniclastic sequence or in the younger Jurassic Hazelton sequence, crosscutting (and reactivating) previous HC related feeder vein system and HC stratabound lenses. The RR Ag-base metal vein holes are collared 800 metres north of the HC zone, following the same structure.
Thirty-six drill holes have been drilled to date in the GR2/HC, covering an area approximately 400 m along strike and 450 m down dip at 50 m space increments that show consistent geology and which demonstrate the distribution and continuity of the feeder vein system, the stratabound zone and the late silver-base metal vein system. Historical surface sampling carried out by previous operators to both the north and south of the GR2/HC zone indicates that the main mineralized structure potentially extends 3,000 m along strike. The mineralized structure remains open to the north and south beyond the existing drill holes, and down dip.
Significant drill results are summarized in the attached tables (all distance measurements reported in metres).
HC ZONE
Hole From To Interval* Au g/t Ag g/t
HC-17-09 79.05 81.05 2 12.21
including 79.05 79.95 0.9 10.5 8.3
including 79.95 80.6 0.65 11.7 15.2
including 80.6 81.05 0.45 16.4 68.5
and 81.05 81.6 0.55 0.399 8.6
and 81.6 82.4 0.8 1.71 5.2
HC-17-11 221.15 230 9.7 4.89
including 222.7 224.5 1.8 10.27
including 221.1 222.15 1.05 3.17 11
222.15 222.7 0.55 0.24 3.7
222.7 223.1 0.4 9.48 6.3
223.1 223.5 0.4 9.14 7.2
223.5 224 0.5 3.48 9.8
224 224.5 0.5 18.6 11
224.5 225 0.5 2.96 7.9
225 225.5 0.5 1.12 6.3
225.5 226.25 0.75 4.16 19.3
226.25 227.15 0.9 8.9 9.4
227.15 227.75 0.6 3.42 5.9
227.75 229.15 1.4 2.23 6.9
229.15 230 0.85 1.6 6.2
230 230.8 0.8 7.27 9.3
230.8 231.9 1.1 0.518 3.9
231.9 233 1.1 2.93 8.9
233 233.9 0.9 1.71 4.7
HC-17-13 306.7 316.1 9.4 4.25
including 306.7 311.35 4.65 5.81
including 306.7 307.5 0.8 4.84 12.9
307.5 308.5 1 6.42 10.9
308.5 309.5 1 1.34 9.6
309.5 310.5 1 11.9 19.4
310.5 311.35 0.85 4.08 10.9
311.35 312.35 1 1.06 10.8
312.35 312.95 0.6 1.55 12.3
312.95 313.45 0.5 3.6 9
313.45 313.8 0.35 4.58 5.2
313.8 314.15 0.35 0.882 4.8
314.15 314.75 0.6 7.65 20.8
314.75 315.2 0.45 1.59 8.4
315.2 315.45 0.25 0.184 5.1
315.45 316.1 0.65 2.91 2.5
HC-17-15 290.7 291.4 0.7 7.86 21.1
and 298.6 300.1 1.5 4.03
including 298.6 299.1 0.5 3
299.1 299.4 0.3 6.58
299.4 300.1 0.7 3.68
HC-17-16 306.9 307.4 0.5 1.28
and 307.4 308.3 0.9 6.77
HC FEEDER VEINS
Hole From To Interval* Au g/t Ag g/t AuEq** (g/t)
HC-17-10 274.8 275.6 0.8 6.42 5.136
and 275.6 276.3 0.7 4.05 2.835
HC-17-11 181.35 182.75 1.4 10.44 15.96
including 181.35 182.25 0.9 11.8 31.2
and 182.25 182.75 0.5 7.99 433
HC-17-17 94.95 95.85 0.9 5.7
and 380.6 381.75 1.15 8.17
HC AG (BASE METAL) VEINS
Hole From To Interval* Au g/t Ag g/t AuEq** (g/t)
HC-17-08 38.2 38.5 0.3 10.7 151 12.62
and 91.55 91.8 0.25 14.5 530 21.25
and 98.2 98.6 0.4 5.18 6.2
and 100.1 100.5 0.4 0.529 4730 60.81
HC-17-09 87.8 88.4 0.6 1.14 1190 16.31
and 143.4 146.25 2.85 1.01 1,118.35 15.26
including 143.4 144.05 0.65 0.552 1730 14.69
and 144.05 144.65 0.6 0.082 78 0.65
and 144.65 146.25 1.6 1.54 1260 28.16
HC-17-13 206 207 1 1.27 647.8 9.53
including 206 206.6 0.6 1.2 731 10.52
including 206.6 207 0.4 1.38 523 8.05
and 207 207.55 0.55 0.486 75.8
and 207.55 208.2 0.65 0.381 247 3.53
and 208.2 208.95 0.75 0.182 79
and 208.95 209.5 0.55 0.43 314 4.43
and 216.65 218.85 1.65 5.4 123.56 9.42
including 216.65 217.1 0.45 3.33 132 5.01
including 217.1 217.8 0.7 10.5 298 14.30
including 217.8 218.3 0.5 0.746 7.7 0.84
including 218.3 218.85 0.55 4.84 28.1 5.20
HC-17-16 100 100.95 0.95 1.39 157 3.39
and 205.1 205.5 0.4 0.785 425 6.20
and 221.3 221.5 0.2 0.042 300 3.87
and 275.3 276 0.7 0.492 105 1.83
and 276 277 1 0.498 176 2.74
HC-17-17 222.9 223.85 0.95 2.38 122 3.93
and 228.35 229 0.65 0.672 68.3 1.54
and 299 233.6 4.6 1.09 417.51 6.41
including 229 229.45 0.45 0.58 314 4.58
including 229.45 230.3 0.85 1.12 864 12.13
including 230.3 230.85 0.55 0.602 107 1.97
including 230.85 231.2 0.35 0.637 234 3.62
including 231.2 231.65 0.45 0.891 14.8 1.08
including 231.65 232.4 0.75 3.11 3 3.15
including 232.4 233.6 1.2 0.422 746 9.93
RR AG-BASE METAL VEINS
Hole From To Interval* Ag g/t
RR-17-03 41.3 42 0.7 119
and 48 48.8 0.8 544
and 57 57.6 0.6 206
and 62 63 1 166
RR-17-04 6 7 1 399
and 7 8 1 339
* True thickness of all above mineralized
intervals still to be determined.
** AuEq calculated assuming Au $1,275 (U.S.)
per ounce and Ag $16 (U.S.) per oz.
Note that only precious metals were reported on.
Darren Blaney, chief executive officer of American Creek, stated: “The discovery of the new HC extension is a very welcome bonus to this year’s Treaty Creek drill program. The GR2/HC system appears to have potential to be very extensive, which would add significant value to the adjoining Copper Belle bulk tonnage gold zone, which was the main focus of this year’s drill program. A large polymetallic zone with high-grade gold and silver would be a most welcome addition to the project.”
Two thousand seventeen drill results from the Copper Belle gold zone at Treaty Creek are still pending and will be reported on once received.
Background on the Treaty Creek project
Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this summer with the objective of defining a gold resource on the Copper Belle zone.
The Treaty Creek project is a joint venture between Tudor, Teuton Resources Corp. and American Creek. Tudor is the operator and holds a 60-per-cent interest with both American Creek and Teuton each holding respective 20-per-cent carried interests in the property (fully carried until a production notice is given).
Electrum project road completion
The corporation also reports that Tudor Gold recently completed construction of an access road extension on the Electrum project connecting the existing Granduc haul road to the New Blast/Shiny Cliff high-grade gold and silver zones which are the focus of a planned 10,000-ton bulk sample.
In Tudor’s recent news release, Walter Storm, president and chief executive officer, stated: “We are very pleased to have completed this access road, which will now allow us to proceed with a 10,000-ton bulk sample of this high-grade gold/silver mineralized zone, subject to receipt of permits. A bulk sample in combination with past drill results will further our geological understanding and unlock value of this high-grade mineralized system.”
Background on the Electrum property
The Electrum property is a 60:40 joint venture between Tudor Gold (as operator) and American Creek. It is located between the past-producing Silbak-Premier gold mine and British Columbia’s newest gold mine, Pretium’s Valley of the Kings — recently commissioned at a cost of $1-billion and hosting proven and probable reserves of 8.1 million ounces of gold (see Pretium’s website). Within this rich portion of B.C.’s Golden Triangle are several other past-producing mines as well as numerous new projects undergoing exploration.
About American Creek Resources Ltd.
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-per-cent-owned past-producing Dunwell mine. Other properties held throughout B.C. include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side and Glitter King.
