American Creek (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has provided an update on the recent identification of a high-grade gold system within the Goldstorm Deposit.
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| American Creek | TSX.v : AMK |
| Stage | Exploration |
| Metals | Gold |
| Market cap | C$66 m @ 15c |
| Location | British Columbia, Canada |
AMERICAN CREEK’S JV PARTNER TUDOR GOLD IDENTIFIES HIGH-GRADE GOLD BRECCIA SYSTEM AT THE GOLDSTORM DEPOSIT, TREATY CREEK, GOLDEN TRIANGLE, BRITISH COLUMBIA
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Cardston, Alberta–(Newsfile Corp. – February 2, 2024) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation” or “American Creek”)is pleased to announce that project operator and JV partner Tudor Gold (“Tudor”) has provided an update on the recent identification of a high-grade gold system within the Goldstorm Deposit and a brief overview of the successful expansion of the Goldstorm Domains from the 2023 drill program (the “Program”) at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
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Ken Konkin, Tudor Gold President and CEO, commented:
“We are extremely pleased to announce that we have delineated a high-grade gold system associated with a quartz-dominant veinlet and stringer stockwork system, named Supercell One (SC-1).
“This represents a significant economic target within the CS-600 domain. Our current Mineral Resource Estimate (MRE) caps gold equivalent (AuEQ) grades at 8.0 g/t AuEQ and therefore does not include these higher grades.
“Our current concept is that the SC-1 system, like the higher-grade R-66 domain, may represent a late-stage gold-dominant event that, in part, over prints the primary mineralization of the Goldstorm Deposit.
“This is significant, as these smaller, higher-grade systems have the potential to streamline start-up plans, allowing for rapid extraction of gold with the possibility of substantially lower capital expenditures compared to a much larger conceptual bulk tonnage operation.
“Additionally, our technical team has completed the geologic modelling and domain delineation with the incorporation of the 2023 drilling data. Updated mineral domains show significant expansion of the Goldstorm Deposit in several areas.
“These maps indicate how the drilling conducted in 2023 has the potential to convert several areas of the deposit from Inferred Mineral Resources to Indicated Mineral Resources.
“Despite the aggressive exploration and expansion of the Goldstorm Deposit, it remains open in all directions and at depth. The Company is currently in the process of updating the MRE for the Goldstorm Deposit and is expected to release the updated MRE within Q1 of 2024.”
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in American Creek Resources.
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