American Creek Resources (TSX.V: AMK)
Reported that project operator and JV partner Tudor Gold has announced that significant drilling progress has been made on its 2023 exploration program at Treaty Creek, located in the Golden Triangle of British Columbia.
|American Creek||TSX.v : AMK|
|Market cap||C$75 m @ 17c|
|Location||British Columbia, Canada|
AMERICAN CREEK’S JV PARTNER TUDOR GOLD PROVIDES UPDATE ON 2023
EXPLORATION PROGRAM WITH OVER 5,400 METERS DRILLED AT THE TREATY CREEK JOINT VENTURE PROJECT, LOCATED IN THE GOLDEN TRIANGLE OF BRITISH COLUMBIA
Cardston, Alberta–(Newsfile Corp. – June 7, 2023) –American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (“the Corporation” or “American Creek”)is pleased to report that project operator and JV partner Tudor Gold (“Tudor”) has announced that significant drilling progress has been made on its 2023 exploration program (the “Program”) at its flagship property, Treaty Creek, located in the Golden Triangle of Northwest British Columbia.
To date, Tudor has successfully completed over 5,400 meters of infill and step-out drilling, which forms part of a larger diamond drilling campaign spanning at least 25,000 meters. Currently, there are four drill-rigs in operation.Click to view plan map with drill hole locations.
The first hole of the season,GS-23-164, a 150-meter step-out to the northeast has successfully reached its intended depth, intersecting the DS-5 Zone. This intersection revealed mineralization and veining from 558 m to 1,083 m, including a consistently observed, strongly altered, stockwork vein zone from 885 m to 972 m, similar to previous DS-5 holes.
Another noteworthy drill-holeGS-23-167, a 170-meter step-out, recently entered the CS-600 Zone intercepting disseminated chalcopyrite with minor copper sulphosalts and several semi-massive chalcopyrite veinlets associated with strong silicification and potassic alteration.Click to view core photos. The Goldstorm system is now approaching 2,000 meters in length along the NE axis and remains open in all directions and at depth.
Based on the exciting results of holes GS-23-164 and GS-23-167, another step-out drill hole,GS-23-169, was collared and is currently at 357 m of a planned 1200 m depth targeting a further 150 m NE step out from GS-23-167 of the CS-600 Zone. Furthermore, Tudor’s technical team is planning to construct two additional drill pads for future drilling activities located at approximately 150 and 300 meters further to the northeast. These new drill pad locations will enable continued exploration of gold-copper mineralization targeting the north and northeast extensions of the CS-600 and DS-5 zones.
In addition to the step-out holes, two infill holes are currently targeting areas of the Goldstorm Deposit to convert inferred resources to the indicated category. HoleGS-23-166-W1, is at 570 m of a planned 1150 m depth and targeting a pocket of inferred CS-600 ounces, as well as a northward expansion of the DS-5 zone. HoleGS-23-168is at 1008 m of a planned 1800 m depth and targeting the deep CS-600 zone infilling between holes GS-22-157 and GS-21-113-W2.
Results from the Program will be provided by Tudor once final assays are received and compiled.
Ken Konkin, President and CEO of Tudor Gold, commented;
“The safe and efficient start-up of 2023 exploration campaign has been a huge success.
“We thank our good neighbours at the Brucejack Mine for allowing our ground crews to mobilize drills, equipment and supplies over our winter road by utilizing the Brucejack Mine access road. We have successfully completed this exercise over the past few years and we very much appreciate the assistance to allow our crews to safely get the job done.
“The recent drill intercept in our northeastern most hole GS-23-167 has prompted our technical team to construct more drill pads to target the northeastern aspect of the deposit as clearly the CS-600 domain continues to expand in this direction.
“Pad builders are now completing several set-ups for the two-remaining drill-rigs that are committed to drill the Perfectstorm Zone which lies equi-distant between our Goldstorm Deposit and Seabridge Gold’s Iron Cap Deposit. We anticipate the start-up of the two rigs at Perfectstorm over the next 2-3 weeks.”
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