American Creek Resources (TSX.V: AMK)
Presented the sixth set of drill results for the 2022 exploration program from operator Tudor Gold at their flagship property, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia.
The highlight was a 350m step-out hole, with 59.53 g/t Au Eq.
|TSX.v : AMK
|C$55 m @ 12.5c
|British Columbia, Canada
AMERICAN CREEK REPORTS PRELIMINARY RESULTS FROM A 350M STEP-OUT HOLE, WITH 59.53 G/T AUEQ OVER 1.5M AND IN-FILL HOLE WITH 2.02 G/T AUEQ OVER 180M INCLUDING 3.18 G/T AUEQ OVER 93M AT THE JOINT VENTURE TREATY CREEK PROPERTY, GOLDEN TRIANGLE, BRITISH COLUMBIA.
Cardston, Alberta–(Newsfile Corp. – September 13, 2022) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation” or “American Creek”) is pleased to present the sixth set of drill results for the 2022 exploration program (the “Program”) from operator Tudor Gold at their flagship property, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia.
Darren Blaney, President, and CEO of American Creek commented;
“High-grade intervals at Treaty Creek are far more extensive than previously thought.
“Mr. Konkin, who was instrumental in the development of the neighboring Brucejack mine (Newcrest Mining), is seeing similarities in the geology at the Goldstorm deposit on Treaty Creek.
“These “Brucejack-like” structures are adding a new dimension to an already world-scale deposit. We commend Mr. Konkin for his determination, as recently stated in an interview, to put his head down and drill right through the market lows.
“Even though it’s not being reflected in the current market, incredible value is being added to Treaty Creek with each new set of drill results.”
Tudor Gold President and CEO Ken Konkin comments;
“We are extremely pleased to announce the on-going success of the step-out drilling at our Goldstorm Deposit.
“Yet another drill hole has intersected high-grade gold within the northeastern front of this Deposit. Drill hole GS-22-151-W1 was designed to undercut values obtained from GS-22-134 which yielded 0.97 g/t Au EQ over 663.0 m with an enriched zone of 1.76 g/t Au EQ over 205.5 m. Additionally, this intercept contained a high-grade gold-bearing pyritic quartz breccia of 20.86 g/t Au EQ over 4.5 m with multiple grains of visible gold (reported July 19, 2022).
“Hole GS-22-151-W1 intersected a semi-massive pyrite-quartz breccia, hydrothermal stockwork, approximately 275 m below the GS-22-134 high-grade gold intercept. This high-grade 1.5 m intercept of 59.53 g/t Au EQ within GS-22-151-W1represents a 350-meter step-out intercept from the 2021 drilling.
“Our technical team views this as a significant discovery as these high-grade intercepts may be connected but further drilling is recommended to confirm the orientation and consistency along the structural corridor which hosts these and other recently reported high-grade intercepts within the northeastern aspect of the Goldstorm Deposit.
“Drilling results from hole GS-22-151-W1 have been partially received to date and have been reported as such. Complete assays for incomplete holes included here will be fully reported in the subsequent drill results release.
“Additionally, we are enjoying success with our in-fill drill program.
“Drill hole GS-22-154 was drilled in-place of GS-22-152 which was stopped due to extreme hole deviation that could not be corrected. GS-22-154 intersected 2.02 g/t Au EQ over 180 m with an enriched core that carried 3.18 g/t Au EQ over 93 m within the 300H domain. However, much higher gold values of 4.38 g/t Au EQ over 57 m with an enriched portion of 7.84 g/t Au EQ over 15 m were intersected in the upper portion of the fore-mentioned 3.18 g/t Au EQ over 93 m.
“We have reported results from approximately 60% of the holes completed to-date. After drilling is completed, we will plan to incorporate these recent extraordinary results into an updated NI 43-101 Mineral Resource Estimate for 2023.
“The Goldstorm Deposit remains open in all directions and at depth.”
Natalie Senger, VP Resource Development, adds:
“These drill results will contribute to the redefinition of the Copper Belle and Goldstorm resource domains.
“The 2021 and 2022 drilling has significantly improved our understanding of the continuity of mineralization, especially within the inferred resource portions of the DS5 and CS600 domains.
“Tudor’s objective is to optimize the resource domains by focusing on the most contiguous portions of mineralization with the highest grades, while optimizing the overall ounces of gold, silver, and copper.
“We are confident that the next NI 43-101 Mineral Resource Estimate will provide a much more robust model on which to develop the project and to continue exploration where necessary.”
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation plan for several areas, including the Goldstorm Deposit and the Eureka and Calm Before the Storm Zones.
Results included in this press release are reported from five diamond drill holes that were drilled on the Goldstorm Deposit (Sections 111+25 NE, 116+50 NE, and Section I).
At Goldstorm, three out of five holes were drilled partially or completely outside the 2021 NI 43-101 Mineral Resource Estimate area (see link: corresponding Treaty Creek plan map and sections).
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