American Creek Resources Ltd

Published : January 23rd, 2018

American Creek Reports on Treaty Creek Drilling up to 337.5m of 0.76 g/t Gold, Including 124.5m of 0.98 g/t Gold

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American Creek Reports on Treaty Creek Drilling up to 337.5m of 0.76 g/t Gold, Including 124.5m of 0.98 g/t Gold

CARDSTON, Alberta--(BUSINESS WIRE)--

American Creek Resources Ltd (AMK.V) (the “Corporation”) is pleased to report on an additional three holes from JV partner Tudor Gold’s (“Tudor”) 2017 drill program on the Copper Belle zone at the Treaty Creek Project located in the Golden Triangle of northwestern British Columbia.

CB-17-27, a step-out hole drilled on the Copper Belle zone, intersected various mineralized zones where the 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. Hole CB-17-27 was a 602m hole that was collared adjacent to the west side of the Treaty glacier where ice ablation (glacier melt-back) has exposed new opportunities for exploration access. Hole CB-17-27 is 81m southeast of CB-16-03 that graded 1.11 g/t Au for 58m from 88 to 146m; and 0.97 g/t Au for 122m from 304 to 426m. Hole CB-16-03 was drilled uphill at a higher elevation. For locations of the other holes in this News Release please see the map.

Drill results for holes CB-17-27, CB-17-28 and CB-17-30 are summarized in the table below:

Hole-ID   From (m)   To (m)   Interval (m)*   Au (g/t)   Ag (g/t)   Cu (%)
CB-17-27   2.00   339.50   337.50   0.76   2.0   0.017
including   53.00   177.50   124.50   0.98   3.22   0.023
    455.00   494.00   39.00   1.13   2.6   0.063
    525.50   536.00   10.50   1.27   2.5   0.067
CB-17-28   138.70   155.40   16.70   1.05   5.5   0.019
    175.20   225.50   50.30   0.74   1.0   0.003
    332.30   384.00   51.70   0.65   4.4   0.003
CB-17-29   Results Pending; Drilled from same pad as hole 24
CB-17-30   256.50   306.00   49.50   0.69   2.0   0.003
    312.00   321.00   9.00   0.42   1.6   0.101

*True widths of the mineralization have not been determined.

Walter Storm, President and CEO, stated: “As we analyze Treaty Creek from an overview perspective we find a very compelling image: Our discoveries, as expected, are closely related to the now-famous "Red Line" (Triassic/Jurassic contact), as predicted in the seminal research report by British Columbia government geologists Kyba and Nelson. The Sulphurets Fault (coincident with the Red Line), weaves its way for over 20 kms from the southern end where the Kerr, Kerr Deep and Valley of the Kings deposits are located, winding its way northward through the Sulphurets, Mitchell, Snowfields, Iron Cap and Iron Cap Deep discoveries before crossing into Treaty Creek and up to the Copper Belle and GR2 zones. As observed in the Kyba/Nelson research report, major discoveries lie generally within 2 kms of the Red Line and that is the case with all these deposits. Tudor has a 3 km unexplored gap between the Copper Belle discovery and the Seabridge Gold's Iron Cap deposit, in which our MagnetoTelluric Geophysics survey identifies strong anomalous targets that have not yet been drilled. Results from Tudor Gold's drilling in 2017 show that in the Copper Bell zone, gold mineralization is expanding northward and eastward with improving grades, increasing copper and silver credits, not to mention other promising areas within the zone like Hole CB-17-26 which returned 149.1m of 1.78 g/t gold.”

“This prolific hdyrothermal system which hosts the many gold deposits of Seabridge Gold and Pretium Resources, as well as the nascent gold mineralization currently being drilled on Tudor Gold's Treaty Creek property, is known as one of the seven largest hydrothermal systems in the world for hosting porphyry-type mineral deposits of gold and copper-gold (Alldrick). Moreover, Seabridge Gold's KSM property is currently recognized as hosting the world’s largest undeveloped reserves of copper and gold. In close proximity to these reserves are Pretium Resources' very large, porphyry gold Snowfields deposit and its high-grade, Valley of the Kings gold mine, the latter recently having entered into commercial production. This is an excellent area in which to be looking for another "elephant" and early indications are that mineralization continues onto the Treaty property, right past an arbitrary line called a 'claim boundary'."

Darren Blaney, President and CEO of American Creek stated: “At this very preliminary stage of exploration, we have already located significant zones of higher grade gold within the Copper Belle system. Including wide intersections of higher grade close to surface. Those higher grade sections add great promise as to the potential of the project going forward. Further, the MT Survey suggests that this deposit is open in all directions, including towards Seabridge’s Iron Cap discovery located several kilometers to the south.”

“Of major significance is the fact that both the Copper Belle and GR2 are situated on the northern side of the mountains and glacier…the same mountains and glacier that has forced Seabridge Gold to propose an expensive twin tunnel system in order to tunnel under the glacier to access their KSM project gold located to the south. Being advantageously located on the northern side, the Copper Belle and GR2 do not require tunnels for access and are in fact located closer to critical infrastructure…and with much improved logistics.”

The Copper Belle 2017 resource delineation drill program comprised 27 holes to depths below 700m (an estimated 13,722m) and step-outs of 50m where topography permitted. Results from drill hole CB-17-29 at Copper Belle are still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations using a Reflex Multi-shot device.

Tudor’s 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 continues in all directions. Tudor’s 2017 drill program was located five kilometers north of the Iron Cap deposit and Tudor intends to step out to the south in its 2018 program to see if it can determine a relationship between the two areas.

Drill location map: http://orders.newsfilecorp.com/files/4494/32192_a1516623095073_39.jpg

The Qualified Person for the Treaty Creek results in this new release is James McCrea, P.Geo. for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Background on 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 located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.

Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the drill program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle.

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).

A summary of the Treaty Creek Project can be viewed here:

http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three gold/silver properties in the heart of the Golden Triangle; 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: info@americancreek.com. 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 source version on businesswire.com: http://www.businesswire.com/news/home/20180123005661/en/

Read the rest of the article at https:
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Gold and Silver Prices for these countries : Georgia | All

American Creek Resources Ltd

EXPLORATION STAGE
CODE : AMK.V
ISIN : CA0252881010
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American Creek is a silver and gold exploration company based in Canada.

American Creek holds various exploration projects in Canada.

Its main exploration properties are ELECTRUM, TIDE, IRONMIST and TREATY CREEK in Canada.

American Creek is listed in Canada. Its market capitalisation is CA$ 33.3 millions as of today (US$ 24.4 millions, € 22.8 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.61, and its lowest recent point on May 31, 2019 at CA$ 0.03.

American Creek has 229 530 000 shares outstanding.

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Financings of American Creek Resources Ltd
4/16/2015Closes First Tranche of Financing
3/24/2015Announces $480,000 Financing
3/25/2013Closes First Tranche of Private Placement
Option Grants of American Creek Resources Ltd
5/10/2007announces appointment of officer and grant of stock options
Project news of American Creek Resources Ltd
9/17/2012(Treaty Creek)Receives Notice From Seabridge Gold To Negotiate Access Righ...
7/18/2012(Tide)Sells Tide Property For $1.5 Million
5/7/2012ANNOUNCES THAT SETTLEMENT OFFER MADE TO TEUTON RESOURCES COR...
3/1/2012RESPONDS TO TEUTON RESOURCE CORP. NEWS RELEASE
2/24/2012REPORTS THAT TEUTON RESOURCES CORP HAS BACKED OUT OF DISCOVE...
1/9/2012(Treaty Creek)Announces Results From Magnetotelluric Survey on its Treaty ...
6/27/2011(Ironmist)Announces Exploration Programs on the Electrum and Ironmist ...
5/30/2011(Treaty Creek)Authorizes Seabridge Gold to Conduct Geophysical Survey on ...
4/28/2011Quanto Research initiates coverage on American Creek Resourc...
3/25/2011(Electrum)RECEIVES DRILL PERMIT FOR ELECTRUM PROJECT
7/8/2010(Electrum)Samples 694 g/t (20.24 oz/t) gold
1/12/2010(Treaty Creek)Treaty Creek discovery hole runs 241 metres of 0.80 g/t gold
8/20/2007(Tide)Commences exploration on Tide Project
6/6/2007(Electrum)Commences 2007 Electrum Project Drill Program
Corporate news of American Creek Resources Ltd
7/14/2016AMERICAN CREEK RESOURCES ANNOUNCES $300,000 FINANCING
6/29/2016AMERICAN CREEK RESOURCES COMMENCES GOLD HILL PROPERTY EXPLOR...
6/22/2016AMERICAN CREEK REPORTS THAT TUDOR GOLD CORP. HAS COMMENCED D...
6/15/2016AMERICAN CREEK CLOSES TWO JV TRANSACTIONS WITH TUDOR GOLD CO...
5/24/2016AMERICAN CREEK RESOURCES ISSUES INCENTIVE OPTIONS
5/12/2016AMERICAN CREEK’S JV PARTNER BEGINS TRADING ON TSX VENTURE EX...
5/4/2016AMERICAN CREEK RESOURCES MAKES SHARE PAYMENT TO AGORACOM FOR...
4/21/2016AMERICAN CREEK RESOURCES RECEIVES APPROVAL FOR TREATY CREEK ...
4/15/2016AMERICAN CREEK RESOURCES EXPANDS THE D1 - MCBRIDE PROPERTY I...
4/14/2016AMERICAN CREEK RESOURCES NEGOTIATES TREATY CREEK NSR BUYDOWN
1/4/2016American Creek Resources Provides Litigation Update
12/31/2015American Creek Resources Announces Changes to Board of Direc...
11/3/2015AMERICAN CREEK RESOURCES ANNOUNCES SHARES FOR DEBT ARRANGEME...
11/2/2015American Creek Resources Provides Electrum Drill Program Upd...
11/2/2015AMERICAN CREEK RESOURCES PROVIDES 2015 ELECTRUM DRILL PROGRA...
10/5/2015American Creek Commences Drill Program On Electrum Project
10/3/2015AMERICAN CREEK CLOSES FIRST TRANCHE OF FINANCING
10/2/2015American Creek Closes First Tranche of Financing
9/29/2015AMERICAN CREEK RESOURCES ANNOUNCES $150,000 FINANCING
9/10/2015American Creek Resources Corporate Update
6/29/2015American Creek Resources-Litigation Update
6/29/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
4/23/2015-Litigation Update
4/23/2015American Creek Resources-Litigation Update
4/16/2015AMERICAN CREEK RESOURCES CLOSES FIRST TRANCHE OF FINANCING
4/3/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
4/3/2015-Litigation Update
4/3/2015American Creek Resources-Litigation Update
3/24/2015AMERICAN CREEK RESOURCES ANNOUNCES $480,000 FINANCING
3/10/2015AMERICAN CREEK RESOURCES – TEUTON RESOURCES - TREATY CREEK L...
3/10/2015American Creek Resources-Teuton Resources-Treaty Creek Litig...
3/9/2015AMERICAN CREEK RESOURCES ACQUIRES GOLD HILL AND D1-MCBRIDE P...
2/2/2015American Creek Litigation Update-Teuton Resources Corp. Deni...
1/26/2015American Creek Commences Judgement Enforcement Against Teuto...
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1/12/2015AMERICAN CREEK PROVIDES UPDATE ON TEUTON RESOURCES CORP. – T...
1/9/2015American Creek Provides Update on Teuton Resources Corp.-Tre...
12/24/2014American Creek Provides Further Update-Treaty Creek-Teuton R...
12/22/2014American Creek Provides Treaty Creek - Teuton Resources Corp...
12/2/2014American Creek Resources Closes $466,600 Financing
11/27/2014American Creek Resources Receives Favorable Judgement Regard...
10/17/2014AMERICAN CREEK RESOURCES ANNOUNCES $600,000 FINANCING
10/8/2014American Creek Resources Provides Corporate Update
5/9/2014American Creek Resources Obtains Title to Treaty Creek Prope...
4/15/2014IIROC Trading Resumption - AMK
4/15/2014American Creek Resources Prevails Over Teuton Resources in T...
4/15/2014IIROC Trading Halt - AMK
4/23/2013(Treaty Creek)Reports That the Trial With Teuton Resources Corp. Over the ...
10/15/2012TO BEGIN NEGOTIATING ACCESS RIGHTS
9/20/2012Lawrence Roulston highlights American Creek in Golden Triang...
4/28/2012MAKES SETTLEMENT OFFER TO TEUTON RESOURCES CORP.
3/21/2012CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT OFFERING
2/1/2012PROVIDES LITIGATION UPDATE
1/24/2012reports on Annual General Meeting of Shareholders
7/15/2011Continues to Increase its Market Exposure
5/4/2011stock breaks 52 week high
4/13/2011Corporate Update
3/31/2011Vantagewire issues Bottom Line Report on American Creek
3/29/2011CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING RAISING $56...
3/1/2011ANNOUNCES $400,000 PRIVATE PLACEMENT OFFERING
3/1/2011CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING RAISING $86...
2/24/2011ANNOUNCES APPOINTMENT OF NEW DIRECTOR
4/7/2010B.C's Golden Triangle Update
3/2/2010Let's meet next week
1/14/2010Analyst James West Reports on American Creek
10/4/2007Has the Tide turned?
9/28/2007featured on Business Television September 29th and September...
8/29/2007Presentation on the Treaty Creek property and the Electrum p...
7/31/2007Commences Treaty Creek Exploration Program
5/3/2007 Kamloops Area projects
4/11/2007SIGNS EARN-IN AGREEMENT WITH TEUTON RESOURCES
3/27/2007Latest News Release from American Creek Resources Ltd.
3/14/2007Latest news release from American Creek Resources Ltd
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