American Creek Resources Ltd. (TSX.V: AMK)
Reported results for the last set of 2020 diamond drill holes for the Goldstorm Zone at their JV flagship property, Treaty Creek.(20%).
The project is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located 5 K SW of the Goldstorm Zone.
AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 3.286 GPT AUEQ OVER 82.5 METERS WITHIN 531.0 METERS OF 0.999 GPT AUEQ AND 1.112 GPT AUEQ OVER 532.5 METERS WITHIN 1,033.5 METERS OF 0.856 GPT AUEQ AT THE GOLDSTORM ZONE, TREATY CREEK, LOCATED IN B.C.’S GOLDEN TRIANGLE
Cardston, Alberta–(Newsfile Corp. – January 7, 2021) –American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”)is very pleased to present results for the last set of 2020 diamond drill holes for the Goldstorm Zone at their JV flagship property, Treaty Creek.
The project is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone.
“As I have stated previously, we are extremely pleased with the exploration program our JV partner Tudor Gold has completed this year at Treaty Creek. We sincerely thank and congratulate both the Tudor Gold and More Core Diamond Drilling teams for their outstanding work and accomplishments in 2020.
The Treaty Creek project is shaping up to be everything we hoped it would be. We look forward to the upcoming metallurgical work and the maiden resource calculation for the Goldstorm deposit.”
Darren Blaney, CEO of American Creek Resources
Results from sampling of 9,621.7 meters of HQ and NQ2 core, from 11 diamond drill holes, have recently been received from MSA Labs. American Creek’s JV partner, Tudor Gold has completed 50 diamond drill holes at the Goldstorm System (GS) and three diamond drill holes at the Perfect Storm Zone (PSZ), for respective totals of approximately 44,000 meters (GS) and 1,600 meters (PSZ) during the 2020 exploration season.
It was necessary to abandon two of the final drill holes as ground conditions prevented the safe completion of GS-20-99 and GS-20-101 late in the season, however, significant gold and silver mineralization was encountered in GS-20-99 (0.647 gpt Au Eq over 109.5 meters) and this hole ended in strong stockwork within the DS5 System.
Unfortunately drill hole GS-20-101 was abandoned before intersecting the area of the intended target and this hole will be re-drilled in 2021. From the remaining 51 drill holes, all but one were successful in intersecting the intended targets.
“We are very pleased with the results obtained from our 2020 exploration program and we anticipate the completion of an initial resource estimate over the next few months.
We are also determined to continue the exploration efforts in 2021 to better define and potentially expand the Goldstorm and Perfect Storm Systems. It was not possible to attempt drilling at some of our high priority exploration targets due to the rapid accumulation of snow in late November and December that caused avalanche hazards, therefore, these sites remain as excellent drill targets.
We have since received our explosives permit and have purchased an explosives magazine so our avalanche teams can now safely remove snow build-up for the up-coming exploration season.
Our goal is to again have a late spring start-up so that we can effectively prepare the slopes to allow drilling in the northeast area of the Goldstorm System that was not completed in 2020. The Au-Ag-Cu mineralization remains open to the northeast and to the southeast, with the possible exception of section 114+00 NE, where the easternmost drill hole (GS-20-102) may have defined the southeast limit in that area.”
Tudor Gold’s VP Project Development, Ken Konkin, P.Geo.
Goldstorm Highlights include:
- Eleven diamond drill holes in this news release totaling 9,621.7 meters; the favorable composite results are listed in Table 1 below.
- Best near-surface intercept was from the 300 Horizon in GS-20-91 on Section 112+50 NE that averaged 0.856 gpt AuEq over 1033.5 meters (60.0-1093.5 m) containing an enriched portion of 532.5 meters (60.0-592.5 m) that averaged 1.112 gpt AuEq.
- GS-20-92 also had a remarkable 82.5 meter intercept (213.0-295.5 m) of 3.286 gpt AuEq within the 300 Horizon, which is the highest grade gold composite interval drilled to date on the project. This lies within a longer intercept of 531.0 meters (90.0-621.0 m) averaging 0.999 gpt AuEq.
- An aggressive 150 meter step-out drill hole (GS-20-99) extended the DS-5 Zone further to southeast on section 115+50 NE. The intercept averaged 0.647 gpt AuEq over 109.5 meters (855.5-965.0 m). The hole was lost at 965.0 meters in strong stockwork and DS5-type mineralization. The system remains open to the northeast and southeast along Section 115+50 NE.
The following two tables below provide the complete list of composited drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth.
Table l:Gold equivalent composite values from eleven Goldstorm Zone drill holes
To view an enhanced version of Table 1, please visit:
- All assay values are uncut and intervals reflect drilled intercept lengths.
- HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals
- The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Table ll: Drill Data for Holes in Press Release January 7th, 2021
To view an enhanced version of Table 2, please visit:
Attached are Sections 108+00 NE, 109+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing holes traces with gold and copper histogram results and a Plan Map showing the drill hole and section locations.
“Our goal for Tudor Gold is to fast-track the exploration of our flagship Treaty Creek Project. We continue to advance the project on several fronts including completing our initial metallurgical work on the Goldstorm System, for which an update will be issued later this month.
In addition, we recently completed the first year of an on-going water sampling program and purchased a climate station that will monitor on-site environmental conditions, providing the data required for base-line studies.
Furthermore, we are preparing a winter access plan to start the 2021 exploration season as soon as the major snowfall season comes to an end in the coming spring. This approach worked extremely well for our start-up team that was able to walk-in heavy equipment on the snowpack in 2020, allowing us to start drilling much earlier than previous years.
In so doing, we hit a corporate-best for drilling this past year with the completion of 53 drill holes totaling over 45,600 meters. We thank our team of men and women who worked safely and diligently during these extremely difficult conditions.”
Walter Storm, President and CEO Tudor Gold
About American Creek Resources
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek JV with Tudor Gold/Walter Storm, the D-1 McBride, and the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
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