American Creek Resources (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has produced the second set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the Golden Triangle of BC.
The highlight was 1.48 G/T AUEQ over 210m within 516m grading 1.19 G/T AUEQ.
|American Creek||TSX.v : AMK|
|Market cap||C$66 m @ 15c|
|Location||British Columbia, Canada|
AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 1.48 G/T AUEQ OVER 210M WITHIN 516M GRADING 1.19 G/T AUEQ, OUTSIDE THE GOLDSTORM DEPOSIT MINERAL RESOURCE AREA AT THE TREATY CREEK PROPERTY, GOLDEN TRIANGLE BRITISH COLUMBIA
Cardston, Alberta–(Newsfile Corp. – August 16, 2023) – 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 produced the second set of drill results for the 2023 exploration program (the “Program”) at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
Since the beginning of this year’s Program, Tudor has successfully completed over 21,000 meters (m) of drilling, within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The five drill holes reported in this release are located in the northeastern area of the Goldstorm Deposit. Click to view plan map and cross sections.
Ken Konkin, Tudor’s President and CEO, commented:
“We are very pleased to confirm the continued expansion of the Goldstorm Deposit to the northeast.
“Results from our northeastern-most step-out drilling from section 120+50 NE will certainly expand the volume of the deposit with AuEQ values well above the 0.7 gpt AuEQ underground resource estimate cut-off grade used for our deposit.
“In addition, very large blocks within the previously estimated drill inferred category have been successfully intersected with very positive gold, copper and silver grades, which we believe will convert these blocks of mineralization into the drill Indicated category.
Our goal is to increase the size of the resource without diminishing the grade. This will be a critical component to the Preliminary Economic Assessment (PEA) that we plan to complete once we have totally defined the Goldstorm Deposit.
“We have completed five additional drill holes on the Goldstorm Deposit and three drill holes at the Perfectstorm target, which are currently in the lab. Results will be announced once they are received and compiled.
“Crews have begun construction of drill pads required to pursue the northern aspects of the CS-600, 300H and DS5 domains for the 2024 drill program; these are beyond the scope and the time available to drill within our planned 2023 program.
“Defining the shape and extent of each domain is necessary prior to determining a mine plan, which is essential for the PEA level and beyond.”
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