American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts
American Creek (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone with infill and expansion drilling.
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American Creek Resources – Treaty Creek
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| American Creek | TSX.v : AMK | |
| Stage | Exploration | |
| Metals | Gold | |
| Market cap | C$107 m @ 24c | |
| Location | Golden Triangle, B.C. | |
| Website | www.americancreek.com |
Comment
We have still not heard anything more regarding the crypto token acquistion of AMK by Cunningham Mining since the last announcement postponing the transaction date to the 31st January 2025.
I suspect this is not going to happen, despite the involvement of Sprott in the financing.
The share price is pulling backwards which indicates others don’t believe the transaction will happen either.
As a reminder, the acquisition price is 43 cents, and the price is currenlty just over half that, at 24 cents.
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American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts by Initiating Permitting for Construction of Underground Exploration Infrastructure to Expand and Complete Drilling of Supercell One Zone at Treaty Creek, Golden Triangle of British Columbia
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Cardston, Alberta–(Newsfile Corp. – January 14, 2025) – 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 initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone (SC-1) with infill and expansion drilling, at the flagship Treaty Creek Project, located in the heart of the Golden Triangle of Northwestern British Columbia.
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Ken Konkin P.Geo, President & CEO of Tudor Gold commented,
“We are excited to move forward with plans to explore the high-grade underground Supercell One targets at the Treaty Creek Property through the construction of an underground exploration drift.
“This initiative is expected to substantially reduce both the cost and time required to drill and define the Supercell One Zone by utilizing underground drilling stations compared to conventional surface drilling.
“In addition to assisting the exploration goals, once completed, management believes that the underground infrastructure should provide long-term benefits to the project, potentially serving as a Fresh Air Raise or Return Air Raise to support future production mining of the high-grade Supercell One Zone and/or the CS600 Zone.
“Additionally, the underground development will be important in the selection of optimum material required for a 10,000-tonne test for a pilot process which would be required for a Feasibility Study.
“The advantages of driving an exploration development ramp are significant and this initiative is expected to bring substantial value to our Project.”
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To read the full news release please click HERE
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in American Creek
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