American Creek Resources Ltd. (TSX.V: AMK)
Presented the second set of results from the 2021 resource expansion and definition drilling program for the Goldstorm Deposit, at Treaty Creek, BC.
The highlight was an exceptional extension of the 300 Horizon and CS600 to the northeast in hole GS-21-113 that contains 972 m of 1.265 g/t Au Eq, including 456.0 m of 1.352 g/t Au Eq in the 300 Horizon, and 405.0 m of 1.439 g/t Au Eq in CS-600.
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American Creek |
TSX.V : AMK |
Stage |
Exploration |
Metals |
Gold |
Market cap |
C$93 m @ 22c |
Location |
British Columbia, Canada |
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American Creek Resources – Treaty Creek
AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 972.0 METERS OF 1.265 G/T GOLD EQ INCLUDING 405.0 METERS OF 1.439 G/T GOLD EQ AND 456.0 METERS OF 1.352 G/T GOLD EQ IN STEP-OUT DRILL HOLE GS-21-113 AT THE GOLDSTORM DEPOSIT, TREATY CREEK, B.C.’S GOLDEN TRIANGLE
August 31, 2021) – American Creek Resources Ltd. (TSX.V: AMK) (“the Corporation”) is pleased to present the second set of results from the 2021 resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property, Treaty Creek.
The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Deposit. Exploration at Treaty Creek is ongoing at Goldstorm and Eureka zones with six diamond drills now fully crewed.
Results have recently been received from MSA Labs for nine diamond drill holes, which are presented below.
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Treaty Creek drilling highlights include:
- An exceptional extension of the 300 Horizon and CS600 to the northeast in hole GS-21-113 that contains 972.0 meters (m) of 1.265 g/t Au Eq including 456.0 m of 1.352 g/t Au Eq in the 300 Horizon and 405.0 m of 1.439 g/t Au Eq in CS-600.
- Strong, consistent mineralization in GS-21-112 which further extends DS-5 to the northwest with 219.0 m of 1.287 g/t Au Eq including 79.5 m of 2.079 g/t Au Eq or 156.0 m of 1.557 g/t Au Eq.
- Mineralization of the 300 Horizon in GS-21-111 totals 613.5 m of 0.869 g/t Au Eq, which included an enriched section of 120.0 m averaging 1.974 g/t Au Eq within 351.0 m of 1.253 g/t Au Eq.
- Near-surface gold mineralization continues along the SW trend for over a kilometer at Perfect Storm as PS-21-06 encountered 118.6 m of 0.721 g/t Au Eq including 59.9 m of 0.927 g/t Au Eq. The mineralized system appears to be gaining strength towards the Iron Cap Deposit approximately three kilometers to the southwest.
- Strong copper mineralization was observed within CS-600 domain in GS-21-113 with 405 m averaging 0.618% Cu (6179 ppm Cu), with an enriched zone of 273 m averaging 0.845% Cu (8436 ppm Cu).
- Goldstorm Deposit remains open in all directions and at depth as drilling continues.
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American Creek and Tudor Gold management comments
“Another amazing set of Treaty Creek drill results including the best intercept to date and the continued expansion of the Goldstorm.
“The enriched copper zone within the CS-600 zone is significant and adds additional blue sky potential to the project.
Everyone associated with the project has done an exceptional job and is to be congratulated on this continued effort and success.”
Darren Blaney, CEO of American Creek
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“We are extremely pleased with our continued success with our step-out drilling. Our goal is to find the limits to the Goldstorm Deposit and to advance the resources from our Initial Mineral Resource Estimate of 19.41 million gold equivalent (Au Eq) ounces of Measured and Indicated grading 0.74 g/t Au Eq and 7.9 million Au Eq ounces of Inferred grading 0.79 g/t Au Eq.
“We continue to intercept exceptional mineralization within the defined domains and consistently identify extensions to these domains particularly to the northeast and northwest as well as at depth.
“Due to the recent success with the Goldstorm results, drilling at the Perfect Storm Zone has been delayed as all drills are now required at Goldstorm to attempt to complete the planned drilling. As well, once we finish the current drill hole in progress at Eureka, that rig will be moved to Goldstorm to continue the step-out drilling to the northeast.
“We are very excited with the results from PS-21-06 at the Perfect Storm Zone as we again encountered significant near-surface gold mineralization, with 118.6 meters averaging 0.721 g/t Au Eq, containing an uppermost portion averaging 0.927 g/t Au Eq over 59.9 meters.
“We will plan for continued drilling at Perfect Storm once we delineate the northeastern limits to the Goldstorm Deposit. All three wide-spaced drill holes hit significant gold mineralization at Perfect Storm and have indicated gold mineralization along the SW axis for more than a kilometer. Only a very small portion of the Perfect Storm magnetic anomaly has been tested.”
Tudor Gold’s VP of Exploration and Project Development, Ken Konkin
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“We are very excited to see the continuation of these exceptional drill results from our resource definition and exploration drilling program at Goldstorm.
“The northeastern step-out drilling of the 300 Horizon, CS-600 and DS-5 domains continues to demonstrate the robust nature of the Goldstorm Deposit. We continue to expand the size of the deposit with some of the best gold and copper results obtained to-date on the project.
“We expect this to translate to an upgrade of our mineral resource estimate. The results at Perfect Storm are very encouraging as well, since all three, 300-meter step-out holes hit a portion of the mineralized system.
“The potential for discovery of yet another large gold system at Perfect Storm remains great and our aggressive 300-meter step-out drilling to the southwest will continue as soon as we can add to our drilling personnel.”
Walter Storm, President and CEO
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For brevity, this summary has been abridged, to read the full news release, please click HERE
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At the time of writing the author owns shares in American Creek bought in the market at the prevailing price on the day of purchase.
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