American Creek Resources (TSX.V: AMK)
Presented the most recent drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia.
The highlight was 1.09 gpt of gold over 476.1 m.
|American Creek||TSX.v : AMK|
|Market cap||C$86 m @ 19.5c|
|Location||British Columbia, Canada|
AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS NEAR-SURFACE INTERCEPT OF 1.09 G/T GOLD EQ OVER 476.1M AND 1.22 G/T GOLD EQ OVER 355.15M INCLUDING 1.45 G/T GOLD EQ OVER 247.5M AT GOLDSTORM DEPOSIT IN BC’S GOLDEN TRIANGLE
Cardston, Alberta–(Newsfile Corp. – December 16, 2021) –American Creek Resources Ltd. (TSXV: AMK)(“the Corporation”) is pleased to present the most recent drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property, Treaty Creek (the “Project“), located within the Golden Triangle of Northwest British Columbia.
Included in this press release are the results of four diamond drill holes that were completed at the Goldstorm Deposit along two sections (112+00 NE and 115+00 NE), 300 metres apart.
These results demonstrate the excellent continuity of precious and base-metal mineralization that has been measured throughout the Goldstorm deposit and provides increased drill hole density for future resource determinations.
The Copper Belle-Goldstorm Deposit (CB-GS) currently hosts a *NI 43-101 compliant Measured and Indicated Mineral Resource of 19.4 million ounces of AuEq grading 0.74 g/t AuEq and an Inferred Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq (see Tudor Gold press release datedMarch 9, 2021).
Goldstorm Drilling Highlights Include:
SECTION 115+00 NE
- GS-21-122provided closer hole spacing between previous intercepts of the deep, northwest extension of the CS600 domain. The hole averaged0.65 g/t AuEq over 1,035.0 m, which included both the 300H and CS600 domains.
- GS-21-122encountered consistent gold and copper mineralization within the CS600 domain that returned1.22 g/t AuEq (0.65 g/t Au and 0.45 % Cu) over 355.15 m, including an enriched portion that averaged1.45 g/t AuEq (0.79 g/t Au and 0.53 % Cu) over 247.5 m.
- GS-21-122ended at 1375 m in gold mineralization, which may have been the start of the DS5 domain. The drill had reached its’ maximum depth capacity.
- GS-21-126, stepping out to the southeast, was stopped before the target due to drilling issues. This hole will be re-drilled in 2022.
American Creek and Tudor Gold management comments
“We are pleased to report that the resource definition-drilling of the Goldstorm Deposit was a great success.
“In addition to expanding the limits of the precious and base-metal mineralization to the northwest, north and northeast, we were able to infill gaps in the resource model with carefully placed drill holes that were designed to add gold-equivalent ounces to the measured and drill indicated categories.
“In addition, these results demonstrate the strong consistency of the gold-copper mineralization between holesGS-21-122 and GS-21-124 that are approximately 500 meters apart; the overall results are very comparable: GS-21-122 averaged 0.65 g/t AuEq over 1,035 meters while GS-21-124 averaged 0.75 g/t AuEq over 1,089 meters.
“We expect to complete the final sections for the last four drill holes and combine this with our final surface sampling results for our next press release.”
Tudor Gold’s VP of Exploration and Project Development, Ken Konkin
“The Goldstorm deposit continues to impress.
“The near-surface300H horizon continues to have enriched gold advantageous for potential open pit operations, while the CS600 domain is becoming richer in gold/copper mineralization, with the system continuing to extend to great depths.
“Based on deep extension holes showing better and better grades, its quite possible that the richest portions of this massive and growing deposit have yet to be discovered.”
Darren Blaney, CEO of American Creek Resources
Treaty Creek JV Partnership
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek.
American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs.
Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
About American Creek
American Creek is a Canadian junior mineral exploration company with gold and silver properties in British Columbia, Canada.
The Corporation has an interest in the Treaty Creek property, a joint venture project with Tudor Gold/Walter Storm located in BC’s prolific “Golden Triangle”.
The Corporation also holds the Austruck-Bonanza gold property located near Kamloops.
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