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American Creek Resources Ltd

Publié le 13 avril 2011

Corporate Update

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Mots clés associés :   Canada | Copper | Precious Metals |


 American Creek Corporate Update

April 13, 2011 

American Creek Resources Ltd. is pleased to provide an update to its shareholders.  We feel it beneficial to highlight the many positive things that have recently transpired in the market place and with our company.

Market Upswing

There is a recent upswing in the exploration market for both base and precious metals.  Market interest is starting to mimic what we saw in 2006.  We recently attended one of the largest mining shows in the world (PDAC) where total attendance was a record-breaking 27,700, up by 26% or 5,700 from last year.  There was a palpable buzz at the conference which hasn�t been in the industry since before the market crash in 2008.  The junior exploration industry was one of the hardest hit in the world financial crash, but stands to have one of the biggest rebounds as well, as investors are starting to recognize the opportunity in front of them.

As we predicted, precious metal prices continue to rise .  On Monday, gold futures set an all-time high of $1,478 an ounce and silver hit a 31-year high over $40 an ounce.  Silver has been outperforming gold and will likely continue to do so until the ratio between gold and silver gets closer to their historic relationship of 15 to 1.

Investment in the exploration sector continues to rise.  The PDAC expects exploration in Canada to exceed $3.1 billion this year, with nearly $0.5 billion to be spent in British Columbia.

These market conditions are a stark contrast to those experienced over the last three years, and will undoubtedly be positive for our company.

Investment Hot Spot

One of the �hot spots� in the industry which is receiving attention from around the world is British Columbia�s �Golden Triangle�.  Interest is due to a combination of some of the largest gold / silver / copper deposits in the world moving towards feasibility combined with the February announcement that the North West Transmission Line was approved.  More exploration money will be spent in the Golden Triangle in 2011 than the rest of B.C combined.

Two of our flagship properties, Electrum and Treaty Creek, are located in the heart of this prolific mining district.  As evidenced by the attention we got at PDAC and in our recent over-subscribed financings, these properties are what the investment community is looking for.

Golden_Triangle

2011 Exploration

 American Creek is looking forward to the upcoming exploration program on its Electrum Project. We recently received an exploration permit for the Electrum Project, and are in the process of finalizing our drilling contract, camp plans, etc.

 Past work on the Electrum has produced some exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, 583 g/t silver over 0.3m, 501 g/t silver over 0.6m, 420 g/t silver over 0.9m and 384 g/t silver over 0.7m.  Surface samples have included 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.  (All assays referred to have been previously released to the public.  You can review all previously released geological information here and under �News� on our web site.)

 The areas from which some of these high-grade surface samples were discovered will be drill targets in 2011.

Marketing Initiatives

 We will be generating exposure through a variety of means including a commercial that will be airing on national television (Business News Network: BNN) over the next few weeks. BNN is Canada�s only all-business and financial news channel and is received by over 5.5 million Canadian businesses / households.  Key viewership groups include professionals and executives in the banking, investment and insurance sectors, active, high net worth investors; and self-employed entrepreneurs interested in staying in touch with the business world.  The commercial will also be distributed to a database of over 150,000 pre-qualified investors.

 You can watch this video by clicking on the icon below.

Allan2

In addition to attending the PDAC in Toronto, we will be attending other investment conferences throughout North America.

 We can also advise that in the next few weeks an independent research firm will be releasing an in-depth analytical report on American Creek.  This report will be distributed directly to over 400,000 institutional investors, analysts, financial advisors and high net worth investors.  It will also be distributed to Bloomberg, Reuters, First Call, Yahoo! Finance and to over 3,600 web sites.  A report summary will then be distributed by Reuters to over 600,000 professionals.

Web Site Updates

As part of our marketing initiative we have recently added several videos and other presentations relating to our properties.  You can also find interesting articles, AMK stock quotes, gold and silver quotes, technical geological information, press releases, etc. that will help you better understand the opportunity American Creek provides its shareholders.

Law Suit

American Creek continues to advance its law suit against Teuton Resource Corp. over title to the Treaty Creek property.  All pleadings have been filed, and we are in the process of exchanging documents.  The list of documents delivered by Teuton includes invoices we provided to Teuton in December, 2009.  The invoices provided to Teuton in December of 2009 indicate expenditures by American Creek of $6,210,399.69.  American Creek has incurred substantial expenditures in addition to this total.  The terms of our option agreement require that we spend $5 million.  We remain confident that we have earned a 51% interest in the Treaty Creek property and that Teuton is in breach of our option agreement.  We will continue to move the suit forward towards a speedy resolution.

You can find material documents relating to the law suit here.

SAM


Financial Stability

The company�s 2011 Q1 financial statements will show that in the past few months we have eliminated over $1.5 million of debt.  We currently have cash reserves and pre-payments of over $700,000 towards this year�s exploration programs.  Canada Revenue Agency has recently confirmed that we will be receiving a mining exploration tax credit payment of approximately $690,000 for exploration conducted in 2007.  We anticipate further payments from CRA for work conducted since 2007.

Management

We would like to congratulate Mike Muzylowski, one of our Directors, on being inducted into the Canadian Mining Hall of Fame in January of this year.  Prior to this latest honour, in 1988 Mike was awarded Prospector of the Year by the Prospectors and Developers Association of Canada.  We are also pleased that Don McKinnon, who was awarded the Order of Canada for his contributions to Canadian mining and who has also been named Prospector of the Year, continues to be on our Board of Advisors.  Mike, Don, and the other management, Directors and Advisors bring over 200 years of mining and exploration experience to the company, and collectively have been instrumental in bringing close to 20 mines into production.



Increased exposure in the bullish exploration stock market, along with the rich silver-gold history of the Electrum, gives American Creek�s management optimism in advancing its projects this year.  The company is in a position of strength given its properties, management, and financial position, and will continue to create tremendous potential for its shareholders in the immediate and long-term future.



For further information please contact Darren Blaney at:  Phone: 403 752-4040 or Email:  info@americancreek.com.  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.

www.americancreek.com

[SUBSCRIPTIONS]

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

American Creek Resources Ltd

EXPLORATEUR
CODE : AMK.V
ISIN : CA0252881010
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American Creek est une société d’exploration minière d'argent et d'or basée au Canada.

American Creek détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ELECTRUM, TIDE, IRONMIST et TREATY CREEK au Canada.

American Creek est cotée au Canada. Sa capitalisation boursière aujourd'hui est 35,6 millions CA$ (28,4 millions US$, 24,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,61 CA$, et son plus bas niveau récent le 31 mai 2019 à 0,03 CA$.

American Creek possède 229 530 000 actions en circulation.

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24/03/2015Announces $480,000 Financing
25/03/2013Closes First Tranche of Private Placement
Attributions d'options de American Creek Resources Ltd
10/05/2007announces appointment of officer and grant of stock options
Projets de American Creek Resources Ltd
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18/07/2012(Tide)Sells Tide Property For $1.5 Million
07/05/2012ANNOUNCES THAT SETTLEMENT OFFER MADE TO TEUTON RESOURCES COR...
01/03/2012RESPONDS TO TEUTON RESOURCE CORP. NEWS RELEASE
24/02/2012REPORTS THAT TEUTON RESOURCES CORP HAS BACKED OUT OF DISCOVE...
09/01/2012(Treaty Creek)Announces Results From Magnetotelluric Survey on its Treaty ...
27/06/2011(Ironmist)Announces Exploration Programs on the Electrum and Ironmist ...
30/05/2011(Treaty Creek)Authorizes Seabridge Gold to Conduct Geophysical Survey on ...
28/04/2011Quanto Research initiates coverage on American Creek Resourc...
25/03/2011(Electrum)RECEIVES DRILL PERMIT FOR ELECTRUM PROJECT
08/07/2010(Electrum)Samples 694 g/t (20.24 oz/t) gold
12/01/2010(Treaty Creek)Treaty Creek discovery hole runs 241 metres of 0.80 g/t gold
20/08/2007(Tide)Commences exploration on Tide Project
06/06/2007(Electrum)Commences 2007 Electrum Project Drill Program
Communiqués de Presse de American Creek Resources Ltd
14/07/2016AMERICAN CREEK RESOURCES ANNOUNCES $300,000 FINANCING
29/06/2016AMERICAN CREEK RESOURCES COMMENCES GOLD HILL PROPERTY EXPLOR...
22/06/2016AMERICAN CREEK REPORTS THAT TUDOR GOLD CORP. HAS COMMENCED D...
15/06/2016AMERICAN CREEK CLOSES TWO JV TRANSACTIONS WITH TUDOR GOLD CO...
24/05/2016AMERICAN CREEK RESOURCES ISSUES INCENTIVE OPTIONS
12/05/2016AMERICAN CREEK’S JV PARTNER BEGINS TRADING ON TSX VENTURE EX...
04/05/2016AMERICAN CREEK RESOURCES MAKES SHARE PAYMENT TO AGORACOM FOR...
21/04/2016AMERICAN CREEK RESOURCES RECEIVES APPROVAL FOR TREATY CREEK ...
15/04/2016AMERICAN CREEK RESOURCES EXPANDS THE D1 - MCBRIDE PROPERTY I...
14/04/2016AMERICAN CREEK RESOURCES NEGOTIATES TREATY CREEK NSR BUYDOWN
04/01/2016American Creek Resources Provides Litigation Update
31/12/2015American Creek Resources Announces Changes to Board of Direc...
03/11/2015AMERICAN CREEK RESOURCES ANNOUNCES SHARES FOR DEBT ARRANGEME...
02/11/2015American Creek Resources Provides Electrum Drill Program Upd...
02/11/2015AMERICAN CREEK RESOURCES PROVIDES 2015 ELECTRUM DRILL PROGRA...
05/10/2015American Creek Commences Drill Program On Electrum Project
03/10/2015AMERICAN CREEK CLOSES FIRST TRANCHE OF FINANCING
02/10/2015American Creek Closes First Tranche of Financing
29/09/2015AMERICAN CREEK RESOURCES ANNOUNCES $150,000 FINANCING
10/09/2015American Creek Resources Corporate Update
29/06/2015American Creek Resources-Litigation Update
29/06/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
23/04/2015-Litigation Update
23/04/2015American Creek Resources-Litigation Update
16/04/2015AMERICAN CREEK RESOURCES CLOSES FIRST TRANCHE OF FINANCING
03/04/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
03/04/2015-Litigation Update
03/04/2015American Creek Resources-Litigation Update
24/03/2015AMERICAN CREEK RESOURCES ANNOUNCES $480,000 FINANCING
10/03/2015AMERICAN CREEK RESOURCES – TEUTON RESOURCES - TREATY CREEK L...
10/03/2015American Creek Resources-Teuton Resources-Treaty Creek Litig...
09/03/2015AMERICAN CREEK RESOURCES ACQUIRES GOLD HILL AND D1-MCBRIDE P...
02/02/2015American Creek Litigation Update-Teuton Resources Corp. Deni...
26/01/2015American Creek Commences Judgement Enforcement Against Teuto...
26/01/2015American Creek Commences Judgement Enforcement Against Teuto...
12/01/2015AMERICAN CREEK PROVIDES UPDATE ON TEUTON RESOURCES CORP. – T...
09/01/2015American Creek Provides Update on Teuton Resources Corp.-Tre...
24/12/2014American Creek Provides Further Update-Treaty Creek-Teuton R...
22/12/2014American Creek Provides Treaty Creek - Teuton Resources Corp...
02/12/2014American Creek Resources Closes $466,600 Financing
27/11/2014American Creek Resources Receives Favorable Judgement Regard...
17/10/2014AMERICAN CREEK RESOURCES ANNOUNCES $600,000 FINANCING
08/10/2014American Creek Resources Provides Corporate Update
09/05/2014American Creek Resources Obtains Title to Treaty Creek Prope...
15/04/2014IIROC Trading Resumption - AMK
15/04/2014American Creek Resources Prevails Over Teuton Resources in T...
15/04/2014IIROC Trading Halt - AMK
23/04/2013(Treaty Creek)Reports That the Trial With Teuton Resources Corp. Over the ...
15/10/2012TO BEGIN NEGOTIATING ACCESS RIGHTS
20/09/2012Lawrence Roulston highlights American Creek in Golden Triang...
28/04/2012MAKES SETTLEMENT OFFER TO TEUTON RESOURCES CORP.
21/03/2012CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT OFFERING
01/02/2012PROVIDES LITIGATION UPDATE
24/01/2012reports on Annual General Meeting of Shareholders
15/07/2011Continues to Increase its Market Exposure
04/05/2011stock breaks 52 week high
13/04/2011Corporate Update
31/03/2011Vantagewire issues Bottom Line Report on American Creek
29/03/2011CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING RAISING $56...
01/03/2011ANNOUNCES $400,000 PRIVATE PLACEMENT OFFERING
01/03/2011CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING RAISING $86...
24/02/2011ANNOUNCES APPOINTMENT OF NEW DIRECTOR
07/04/2010B.C's Golden Triangle Update
02/03/2010Let's meet next week
14/01/2010Analyst James West Reports on American Creek
04/10/2007Has the Tide turned?
28/09/2007featured on Business Television September 29th and September...
29/08/2007Presentation on the Treaty Creek property and the Electrum p...
31/07/2007Commences Treaty Creek Exploration Program
03/05/2007 Kamloops Area projects
11/04/2007SIGNS EARN-IN AGREEMENT WITH TEUTON RESOURCES
27/03/2007Latest News Release from American Creek Resources Ltd.
14/03/2007Latest news release from American Creek Resources Ltd
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