CALGARY, Alberta--(BUSINESS WIRE)--

American Creek Resources Ltd. (AMK.V) (“American Creek”) is pleased to announce that JV partner and operator Tudor Gold Corp. (“Tudor”) has encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project located in BC’s “Golden Triangle” immediately north of, and in the same hydrothermal system as, Seabridge Gold’s KSM project and Pretivm’s Brucejack project.

The new HC zone shares geological characteristics similar and unique to the famous Eskay Creek deposit located approximately 12 km to the northwest.

Tudor reported the following:

“The HC mineralized zone of the HC deposit within the GR2 claim block on Tudor Gold Corp.'s 60-per-cent-owned Treaty Creek project, located in the Golden Triangle in British Columbia, hosts a precious-metal-rich, polymetallic, volcanogenic massive sulphide and sulphosalt (VHMS) mineralized system.

Walter Storm, president and chief executive officer, stated: "We are very pleased with the results so far. We were attracted to the Treaty Creek project by the clear potential for extensive mineralized zones on our claims, and the results from the HC zone within the GR2 claim block have exceeded our expectations. We look forward to the completion of a resource estimate on the HC zone and a resource estimate on the Copper Belle project, which is also well under way."

The HC zone appears to be a complete precious-metal-rich VHMS deposit in which the feeder vein system, the vent structures and the sulphides in a restricted sedimentary basin had been intersected. All three zones of the HC deposit carry elevated values of gold. The feeder vein system also carries elevated silver and base metal (lead, zinc and copper) content.

The HC zone shows elevated concentrations of gold, silver and antimony sulphosalts hosted between a pervasively sericite-pyrite-chlorite altered volcaniclastic sequence (bimodal mafic-felsic affinity) and restricted sedimentary basins where mudstones host sulphide mineralization underlying stockwork base metal and precious metal veins. These characteristics are similar and unique to the nearby Eskay Creek deposit. The highest-grade and most continuous precious metal mineralization within the HC zone occurs as an apparent stratabound zone at the contact of the footwall mudstone and the hydrothermally altered volcaniclastic sequence. This is interpreted as being the product of a mineralizing growth-graben fault, proximal to felsic flows, ash tuffs and felsic conglomerates.

During the continuing 2017 season, Tudor Gold has drilled 13 holes in the vicinity of and to the north of the nine holes drilled in 2007 and 11 holes in 2009 by American Creek Resources. Together, these 33 holes have produced consistent geology demonstrating the continuity of the feeder vein system, the vent structure and the sedimentary basin within the area bounded by these holes (assays received up to HC-17-07; awaiting assays on all remaining 2017 holes).

The holes drilled by Tudor Gold and American Creek Resources cover approximately 400 metres along strike and 450 metres down dip at 50-metre space increments in the direction of the main mineralized structure. Historical surface sampling carried out by previous operators to both the north and south of the HC zone indicates that the main mineralized structure extends at least for 3,000 metres along strike. The entire 3,000-metre mineralized structure that hosts the HC zone remains open to the north, south beyond the existing drill holes and down dip.

ASSAY RESULTS:

1. The Feeder Vein System: It is comprised of discordant veins hosted mainly in pervasively sericite-pyrite-chlorite altered volcaniclastic sequence. Two types of veins are recognized: silver dominant Mn-rich carbonates and sulphides (semi-massive yellow to light brown zoned sphalerite, galena, pyrite and minor chalcopyrite can add to >50% of the veins) and gold dominant chalcedonic quartz veins. Textures include those more typical of the epithermal suite (banded, crustiform, breccia/vein).

Table 1. Assay results feeder vein system

True thickness of the different mineralized intervals still to be determined.

2. The Vent Structure: It is comprised of silica flooded and altered mudstone and volcanic conglomerates along with breccias and semi-massive sulphide replacements. Several stages of silica can be recognized cementing and replacing successive events of brecciation. Silica alteration occurs as silicification and chalcedonic silica, usually gray to bluish in color, obliterating previous textures. Pyrite and Sb-sulphosalts are the dominant sulphides as veinlets, stringers and semi-massive replacements. Stibnite, galena, sphalerite and arsenopyrite are also common in veinlets and disseminations.