American Creek Resources Receives Termination Notice

American Creek Resources (TSX.V: AMK)

Has received a Notice of Termination of the Arrangement Agreement entered into with Cunningham Mining Ltd. from the Purchaser.

The Company’s position is that the Notice is invalid.

 

 

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American Creek

 

 

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Comment

I have to admit this announcement doesn’t surprise me, as I stated in my comments after the last extension to finalising the deal, I felt it wasn’t going to complete.

I felt Cunningham couldn’t raise the funds, and I sold in anticipation of them terminating the agreement, which they are now trying to do. I did not forsee them doing it this way, I simply thought they would announce they couldn’t raise the funds with their crypto gold token.

I was certainly aware of the Seabridge tunnel issue in November at the Zurich conference when I spoke to Tudor Gold, so I’m surprised Cunningham are now saying they hadn’t been infiormed, it was common knowledge.

It will be interesting to see how this plays out.

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American Creek Resources Announces Receipt of Termination Notice Which It Deems Invalid

 

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Cardston, Alberta–(Newsfile Corp. – February 18, 2025) – American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the “Company” or “American Creek“) announces that it has received a Notice of Termination (the “Notice“) of the Arrangement Agreement entered into with Cunningham Mining Ltd. (the “Purchaser“) from the Purchaser. The Company’s position is that the Notice is invalid.

In the Notice, the Purchaser alleged that American Creek breached the Arrangement Agreement in that the Company failed to disclose information regarding a renewed and revised license of occupation (the “Revised Permit“) from the Province of BC granted to Seabridge Gold Inc. (“Seabridge“) and/or its subsidiary relating to the potential construction of twin tunnels (the “Tunnels“) which would run through a portion of the Treaty Creek Property, as press released by Seabridge in September 2024.

The Purchaser also alleges that the Company did not advise it of information that was press released by Tudor Gold Inc. in December 2024, wherein Tudor Gold announced that it had retained outside counsel to protect Tudor Gold’s interests relating to the Tunnels and the Revised Permit, amongst other things.

The Company disagrees with these allegations. In the Company’s Disclosure Statement delivered to the Purchaser concurrent with the signing of the Arrangement Agreement, American Creek fully disclosed Seabridge’s position relating to the Tunnels.

The Company also subsequently disclosed to the Purchaser the information contained in the Seabridge and Tudor Gold news releases. The parties discussed the situation regarding the Tunnels on numerous occasions during the Fall and Winter of 2024/2025 and in those discussions, the consensus was that the Revised Permit was a “non-issue” as far as the Arrangement Agreement transaction was concerned.

In the Notice the Purchaser also alleged that the issuance of the New Permit constitutes a “material adverse effect” which would allow it to terminate the Arrangement Agreement. The Company does not accept this.

There must be a change in circumstances before something can constitute a material adverse effect. Seabridge’s position with respect to the Tunnels and the risks related thereto were fully disclosed to the Purchaser in the Company’s Disclosure Statement.

The fact that Seabridge was seeking regulatory approval to move ahead with the Tunnels project, and even the proposed location of the Tunnels, was known to all parties at the time the Arrangement Agreement was executed, and the contents of the Seabridge and Tudor Gold news releases were known to all parties prior to the execution of the 1st and 2nd Amendment Agreements.

Therefore,there is no material adverse effect as such relates to the information known by the parties at the time of entering into the Arrangement Agreement and the two subsequent amendments.

For the above reasons, it is the Company’s position that the Notice is invalid and that the Arrangement Agreement remains in full force and effect and the Company awaits receipt of the $150,000 owed by the Purchaser to the Company under the 2nd Amendment Agreement.

The Company will update shareholders on the status of this situation as further information becomes available.

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To read the full news release please click HERE

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds no shares in American Creek

.

To read our full terms and conditions, please click HERE



American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

American Creek (TSX.V: AMK)

Announced that project operator and JV partner Tudor Gold has initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone with infill and expansion drilling.

 

 

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American Creek Treaty Creek map

American Creek Resources – Treaty Creek

 

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$107 m   @ 24c
Location Golden Triangle, B.C.
Website www.americancreek.com
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Comment

We have still not heard anything more regarding the crypto token acquistion of AMK by Cunningham Mining since the last announcement postponing the transaction date to the 31st January 2025.

I suspect this is not going to happen, despite the involvement of Sprott in the financing.

The share price is pulling backwards which indicates others don’t believe the transaction will happen either.

As a reminder, the acquisition price is 43 cents, and the price is currenlty just over half that, at 24 cents.

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American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts by Initiating Permitting for Construction of Underground Exploration Infrastructure to Expand and Complete Drilling of Supercell One Zone at Treaty Creek, Golden Triangle of British Columbia

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Cardston, Alberta–(Newsfile Corp. – January 14, 2025) – 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 initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone (SC-1) with infill and expansion drilling, at the flagship Treaty Creek Project, located in the heart of the Golden Triangle of Northwestern British Columbia.

 

 

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Ken Konkin P.Geo, President & CEO of Tudor Gold commented,

“We are excited to move forward with plans to explore the high-grade underground Supercell One targets at the Treaty Creek Property through the construction of an underground exploration drift.

 

“This initiative is expected to substantially reduce both the cost and time required to drill and define the Supercell One Zone by utilizing underground drilling stations compared to conventional surface drilling.

 

“In addition to assisting the exploration goals, once completed, management believes that the underground infrastructure should provide long-term benefits to the project, potentially serving as a Fresh Air Raise or Return Air Raise to support future production mining of the high-grade Supercell One Zone and/or the CS600 Zone.

 

“Additionally, the underground development will be important in the selection of optimum material required for a 10,000-tonne test for a pilot process which would be required for a Feasibility Study.

 

“The advantages of driving an exploration development ramp are significant and this initiative is expected to bring substantial value to our Project.”

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To read the full news release please click HERE

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The live gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in American Creek

.

To read our full terms and conditions, please click HERE



American Creek’s JV Partner Identifies High-Grade Gold

American Creek (TSX.V: AMK)

Announced that project operator and JV partner Tudor Gold has provided an update on the recent identification of a high-grade gold system within the Goldstorm Deposit.

 

 

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American Creek map

 

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$66 m   @ 15c
Location British Columbia, Canada

 

 

AMERICAN CREEK’S JV PARTNER TUDOR GOLD IDENTIFIES HIGH-GRADE GOLD BRECCIA SYSTEM AT THE GOLDSTORM DEPOSIT, TREATY CREEK, GOLDEN TRIANGLE, BRITISH COLUMBIA

 

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Cardston, Alberta–(Newsfile Corp. – February 2, 2024) – 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 provided an update on the recent identification of a high-grade gold system within the Goldstorm Deposit and a brief overview of the successful expansion of the Goldstorm Domains from the 2023 drill program (the “Program”) at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.

 

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Ken Konkin, Tudor Gold President and CEO, commented:

“We are extremely pleased to announce that we have delineated a high-grade gold system associated with a quartz-dominant veinlet and stringer stockwork system, named Supercell One (SC-1).

 

“This represents a significant economic target within the CS-600 domain. Our current Mineral Resource Estimate (MRE) caps gold equivalent (AuEQ) grades at 8.0 g/t AuEQ and therefore does not include these higher grades.

 

“Our current concept is that the SC-1 system, like the higher-grade R-66 domain, may represent a late-stage gold-dominant event that, in part, over prints the primary mineralization of the Goldstorm Deposit.

 

“This is significant, as these smaller, higher-grade systems have the potential to streamline start-up plans, allowing for rapid extraction of gold with the possibility of substantially lower capital expenditures compared to a much larger conceptual bulk tonnage operation.

 

“Additionally, our technical team has completed the geologic modelling and domain delineation with the incorporation of the 2023 drilling data. Updated mineral domains show significant expansion of the Goldstorm Deposit in several areas.

 

“These maps indicate how the drilling conducted in 2023 has the potential to convert several areas of the deposit from Inferred Mineral Resources to Indicated Mineral Resources.

 

“Despite the aggressive exploration and expansion of the Goldstorm Deposit, it remains open in all directions and at depth. The Company is currently in the process of updating the MRE for the Goldstorm Deposit and is expected to release the updated MRE within Q1 of 2024.”

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To read the full news release, please click HERE

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources.

.



American Creek’s JV Partner Intersects 123 M of 3.51 G/T AUEQ

American Creek Resources  (TSX.V: AMK)

Announced that project operator and JV partner Tudor Gold has produced the sixth set of drill results for the 2023 exploration program at Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.

The glory hole was 123 m of 3.51 gpt within 601.5 m of 1.4 gpt AuEq at Goldstorm.

 

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American Creek

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$66 m   @ 15c
Location British Columbia, Canada

 

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AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 123 METERS OF 3.51 G/T AUEQ WITHIN 601.5 METERS OF 1.4 G/T AUEQ AT THE GOLDSTORM DEPOSIT, TREATY CREEK, GOLDEN TRIANGLE BRITISH COLUMBIA

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Cardston, Alberta–(Newsfile Corp. – November 29, 2023) – American Creek Resources Ltd. (TSX.V: AMK) (OTCQB: ACKRF) (“the Corporation” or “American Creek”) is pleased to announce that project operator and JV partner Tudor Gold (“Tudor”) has produced the sixth 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.

Tudor has safely and successfully completed the 2023 drilling program with a total of 31,904 meters (m) drilled within areas encompassing the Goldstorm Deposit (the Deposit) and the Perfect storm Zone.

The assay results reported in this release are from three drill holes that targeted the northeastern area of the Deposit however, only two were successfully completed: GS-23-176-W1 and GS-23-177. Drill hole GS-23-176 was terminated due to unfavorable deviation and was re-drilled as wedge hole GS-23-176-W1 which did reach the intended target area.

The Goldstorm Deposit remains open in all directions and at depth. Click to view plan map and cross sections.

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Ken Konkin, Tudor Gold President and CEO, commented:

“We are very pleased to announce the continuing expansion and definition of the Goldstorm domains in the northeastern sector of the Deposit.

 

“The highlight of the 2023 program is the remarkable continuation of higher grades of gold, copper and silver throughout the northern aspect of the Goldstorm Deposit.

 

“One of the best-looking mineralized areas of the Deposit to date is the lower CS-600 domain within GS-23-176-W1, which returned 273.75 m of 2.19 g/t AuEQ (1.98 g/t Au, 3.30 g/t Ag, 0.15 % Cu) that includes an enriched central core that averaged 3.51 g/t AuEQ (3.23 g/t Au, 5.57 g/t Ag, 0.19 % Cu) over 123.0 m.”

 

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Darren Blaney, American Creek President and CEO, states:

“The consistency of the mineralization at Treaty Creek continues to astound, and not only over the ultra-long intervals of lower-grade gold, but it appears that consistency is present within the high-grade horizons as well.

 

“The northern reaches of the Goldstorm Deposit appear to have grade, continuity, and scale which could dramatically alter the potential of the deposit.

 

“We eagerly anticipate the remaining holes from the 2023 drill program at Treaty Creek.”

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources.

.



American Creek’s JV Partner Intersects 45.5 M Of 3.73 g/t AUEQ

American Creek Resources (TSX.V: AMK)

Announced that project operator and JV partner Tudor Gold has produced the fifth set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of NW British Columbia.

THe highlight was 45.5 M Of 3.73 G/T AUEQ WITHIN 525 M Of 1.01 G/T AUEQ. 

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American Creek

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$66 m   @ 15c
Location British Columbia, Canada

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AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 45.5 METERS OF 3.73 G/T AUEQ WITHIN 525 METERS OF 1.01 G/T AUEQ 

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Cardston, Alberta–(Newsfile Corp. – November 22, 2023) –American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (“the Corporation” or “American Creek”)is pleased to announce that project operator and JV partner Tudor Gold (“Tudor”) has produced the fifth 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.

Tudor has safely and successfully completed the 2023 drilling program with a total of 31,904 meters (m) drilled within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone.

The assay results reported in this release are from two drill holes that targeted the northeastern area of the Goldstorm Deposit and two holes that targeted the northeastern area of the Perfectstorm Zone.

Click to view plan map and cross sections.

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Ken Konkin, Tudor Gold President and CEO, commented:

“We are extremely pleased to announce the continued expansion of the Goldstorm Deposit to the northeast. GS-23-179, a 200-meter step-out hole, has greatly enlarged the mineralized envelope.

 

“As predicted, the CS-600 system remains very robust with surprisingly high gold values in the upper portion of the domain. Although the gold-copper-silver mineralization remains consistent over very wide intercepts that yield compelling composites such as 525 m of 1.01 g/t AuEQ in hole GS-23-179, higher grade mineralization is well concentrated within core sections.

 

“The upper portion of this 525 m interval contains an enriched section that is believed to be part of a consistent quartz stockwork system that can be traced for hundreds of meters between drill holes. This system has yielded an intercept of 10.07 g/t AuEQ over 12.0 m within the uppermost portion of the 223.5 m of 1.42 g/t AuEQ interval, which is part of a much longer 525 m intercept that averaged 1.01 g/t AuEQ.

 

“Notably, this 12-meter-long, high-grade gold intercept within GS-23-179 is located over 300 m northeast from a similar gold-bearing stockwork intercept encountered in GS-23-134, which reported 9.96 g/t AuEQ over 25.5 m, including an enriched portion of 20.86 g/t AuEQ over 4.5 m (see Press Release July 19, 2022).

 

“Further drilling is required to confirm the orientation and extent of this newly discovered stockwork zone. Our technical team believes this auriferous stockwork veinlet system is a late-stage event that overprints the CS-600 Domain.”

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To read the full news release, please click HERE

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources.

.

To read our full terms and conditions, please click HERE



American Creeks’s JV Discovers New Gold System

American Creek Res. (TSX.V: AMK)

Announce that project operator and JV partner Tudor Gold has produced the fourth set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the heart of the Golden Triangle, B.C.

Tudor reported highlights of 102.15 m of 1.28 gpt Au Eq including 42.5 m of 1.87 got Au Eq.

 

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American Creek

Treaty Creek location map.

 

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American Creek TSX.V : AMK
Stage Exploration
Metals Gold
Market cap C$66 m   @ 15c
Location British Columbia, Canada

 

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AMERICAN CREEK’S JV PARTNER TUDOR GOLD DISCOVERS NEW GOLD SYSTEM AT THE PERFECTSTORM ZONE, TREATY CREEK GOLD-COPPER-SILVER PROJECT, GOLDEN TRIANGLE BRITISH COLUMBIA; DRILLS 102.15 M OF 1.28 G/T AUEQ IN DRILL HOLE PS-23-10 INCLUDING 42.5 M OF 1.87 G/T AUEQ

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Cardston, Alberta–(Newsfile Corp. – October 31, 2023) – American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (“the Corporation” or “American Creek”) is pleased to announce that project operator and JV partner Tudor Gold (“Tudor”) has produced the fourth 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.

Tudor has safely and successfully completed the 2023 drilling program with a total of 31,904 meters (m) drilled within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The assay results reported in this release are from six drill holes that targeted both the southwestern and the northeastern areas of the Perfectstorm Zone (PSZ) located approximately 1500 m apart. Click to viewplan map and cross sections.

 

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Darren Blaney, CEO of American Creek, stated:

“The Tudor team, led by Ken Konkin, is to be congratulated on executing an extremely successful 2023 Treaty Creek exploration program.

 

“Not only is the Goldstorm deposit significantly expanding in size, but the metals grade is also getting better and better.

 

“Remarkably, it also now appears that we have the makings of a second world-scale gold-copper-silver deposit on the Treaty Creek property.

 

“It’s very satisfying and encouraging to see the drilling begin to confirm what the geology and geophysics were indicating at the Perfectstorm.

 

“The potential of the Treaty Creek project continues to impress and exceed all prior expectations.”

 

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Ken Konkin, Tudor Gold President and CEO, commented:

” We believe that we have intersected the upper extremity of yet another porphyry system that lies approximately two kilometres southwest of our Goldstorm Au-Cu-Ag Deposit.

 

“Typically, copper mineralization is encountered deeper within the known deposits along the Sulphurets-Treaty Thrust Fault trend. Our intersections reported in this news release occur much higher in elevation than the copper-rich zones encountered at Goldstorm.

 

“We have observed gold and silver-dominant mineralization in the uppermost parts of the southwestern holes of the Perfectstorm System with copper mineralization occurring in the deeper parts of the northeastern holes.”

.

To read the full news release, please click HERE

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek.

.

To read our full terms and conditions, please click HERE



American Creek’s JV Partner Tudor Gold Files NI 43-101

 American Creek Resources  (TSX.V: AMK)

Reported that project operator and JV partner Tudor Gold announced the filing of the technical report for the updated Mineral Resource Estimate on the Goldstorm Deposit at their flagship Treaty Creek Project located in the Golden Triangle region of British Columbia. 

 

 

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American Creek Treaty Creek map

American Creek Resources – Treaty Creek

 

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$75 m   @ 17c
Location British Columbia, Canada

 

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American Creek’s JV Partner Tudor Gold Announces Filing of NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Goldstorm Deposit at the Treaty Creek Joint Venture Project, Located in the Golden Triangle of British Columbia

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Cardston, Alberta–(Newsfile Corp. – May 2, 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 announced the filing of the technical report (the “Report“) for the updated Mineral Resource Estimate on the Goldstorm Deposit (the “MRE” or “2023 Treaty Creek MRE“) at their flagship Treaty Creek Project (the “Project“) located in the Golden Triangle region of British Columbia.

The Report is entitled “NI-43-101 Technical Report for the Treaty Creek Project”, with an effective date of April 28, 2023 and was prepared for Tudor Gold by Garth Kirkham Geosystems and JDS Energy & Mining Inc. (“JDS“). The Report is available under the Company’s profile on SEDAR at www.sedar.com or from the Company’s website at www.tudor-gold.com

 

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Highlights of the 2023 Treaty Creek MRE:

  • Indicated Mineral Resource of 23.37 million ounces (Moz) of gold equivalent (AuEQ) within 641.93 million tonnes (Mt) at a grade of 1.13 g/t AuEQ; comprised of:
    • 18.75 Moz of gold (Au) at 0.91 g/t, 112.44 Moz of silver (Ag) at 5.45 g/t, and 2.18 billion pounds (Blbs) of copper (Cu) at 0.15 %.
  • Inferred Mineral Resource of 7.35 Moz AuEQ within 233.90 Mt at a grade of 0.98 g/t AuEQ; comprised of:
    • 5.54 Moz Au at 0.74 g/t, 45.08 Moz Ag at 5.99 g/t, and 848.00 million pounds (Mlbs) of Cu at 0.16 %.
  • CS-600 Domain is comprised of an intrusive hosted gold-copper porphyry system and hosts an Indicated Mineral Resource of 9.86 Moz of AuEQ within 278.02 Mt at a grade of 1.10 g/t AuEQ; comprised of:
    • 6.22 Moz Au at 0.70 g/t; and 1.98 Blbs of Cu at 0.32 %.
  • A 1.0 g/t sensitivity cut-off for all the Indicated Mineral Resource (open-pit and underground) measures 15.18 Moz of AuEQ at a grade of 1.48 g/t AuEQ; comprised of:
    • 12.29 Moz of Au at 1.20 g/t, 72.07 Moz of Ag at 7.02 g/t and 1.35 Blbs of Cu at 0.19 %.
  • Improved the definition and spatial continuity of the Goldstorm porphyry system which is comprised of six separate mineral domains over an area that measures approximately 2,500 m in length, 1,000 m in width and 1,400 m in depth.
  • The Goldstorm Deposit remains open to the south, north, northeast and at depth.

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To read the full news release, please click HERE

.

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources.

..

To read our full terms and conditions, please click HERE



American Creek JV Tudor Gold Presentation

American Creek (TSX.V: AMK)

JV partner Tudor Gold’s CEO Ken Konkin presents to the Red Cloud Pre-PDAC Conference in Toronto, 2023.

AMK own 20%, so very interesting and relevant to shareholders.

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.

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American Creek

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$55 m   @ 12.5c
Location British Columbia, Canada

 

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American Creek JV Tudor Gold Presentation Pre-PDAC 2023

 

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.

American Creek (TSX.V: AMK)

JV partner Tudor Gold’s CEO Ken Konkin presents to the Red Cloud Pre PDAC Conference in Toronto, 2023.

AMK own 20%, so very interesting and relevant to shareholders.

ken is an area expert, and his views and opinions are well worth listening to, given the neighbouring companies are KSM and Brucejack, huge mines in their own right.

The KSM is the largest undeveloped gold mine in the world.

 

To listen to the presentation, please click HERE

.

=======

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek.

.

.

To read our full terms and conditions, please click HERE



Market Review January 2023 Published

City investors Circle Market review

The January 2023 Market Review has been published.

It features the three hot metals so far in 2023, plus comments on American Creek Resources, Karora Resources, and Orla Mining. 

.

.

.

City investors Circle

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.

.

City investors Circle Market review –  January 2023 has been published.

It features the three hot metals so far in 2023, plus comments on American Creek Resources, Karora Resources, and Orla Mining.

We also review all the nine companies in our top tier watchlist for 2023, and comment on their prospects moving forward.

We review the metal price movements for the first month of the New Year, and the three hot metals of the moment, as thermal coal and lithium, last year’s highest gainers, are in retreat.

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To read this month’s Market Review, please click here

.

To receive our free monthly Market Review, please email Andrew@city-investors-circle.com

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources, Karora Resources, and Orla Mining.

.

.

To read our full terms and conditions, please click HERE



Mining Review Sunday Update 24th July 2022

Mining Review Sunday Update 24th July 2022

Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive if so.

Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources an Uranium Energy Corp.

 

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Calidus Resources

Calidus Resources – Klondyke Prospect panoramic view

 

 

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City Investors Circle Mining Review Sunday Update 24th July 2022

Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive for all metals if so.

Sadly Wiluna Mining fell into administration this week, finally beaten by their high cost of production. Another $100 or so on the gold price may have saved them.

This was a week when the new Chilean government stopped a second Anglo American project, a week after denying Rio2 their permits. Chile is not a country I would invest in a project now.

Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources and Uranium Energy Corp.

 

Watchlist stocks in the news this week

Los Cerros reported 28m @ 3.34g/t Au at Tesorito, Colombia

Cyprium Metals published a New Corporate Presentation

American Creek Drilled 20.86 G/T AU EQ Over 4.5M

Newcore Gold Completed a  C$5M Bought Deal

Cyprium Metals Nanadie Well Resource Estimate released

Uranium Energy Corp – 32M lbs Resources

Karora Resources Renewed their  Course Issuer Bid

 

 

Market Data (US$)

Weekly Change

 

Precious Metals

Gold 1728 +1.23%
Silver 18.64 -0.21%
Palladium 1956 +11.26%
Platinum 873 +2.95%
Rhodium 14700 +10.53%

 

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Base Metals

Copper 3.3 +0.92%
Nickel 9.62 +4.34%
Zinc 1.36 +0.74%
Tin 11.1 -4.39%

 

/

Energy Metals

Cobalt 22.57 -16.72%
Manganese 3.86 +1.05%
Lithium 67271 -0.11%
Uranium 46 -2.13%

 

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Bulk Commodities

Iron Ore 98 -2.10%
Coking Coal 245 +2.08%
Thermal coal 254 +1.20%
Magnesium 3673 -3.80%
Lumber 585 -8.88%

 

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Metal ETF’s

GDX 25.41 -0.70%
GDXJ 30.78 +2.46%
Sil 24.13 +0.71%
SILJ 8.87 +1.60%
GOEX  (PCX) 21.8 +4.46%
GLD 160.67 +1.04%
COPX 27.94 +3.83%

 

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Miscellaneous

Au / Ag Ratio 93.55 +2.98%
10 yr T bond (TNX) 2.76 -5.80%
US  index (DXY) 106.55 -1.33%
HUI 201.23 -1.14%

 

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources, Cyprium Metals, Karora Resources, Los Cerros, and Newcore Gold, bought in the market at the prevailing price on the days of purchase. 

.

.

To read our full terms and conditions, please click HERE



American Creek 237.3 m of 1.51 g/t AU EQ

American Creek Resources Ltd. (TSX.V: AMK)

Presented the first set of drill results for Phase l of the 2022 exploration program conducted by Tudor Gold at their Joint Venture project, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.  […] 

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/

American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$48 m   @ 11c
Location British Columbia, Canada

 

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American Creek

 

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237.3 M OF 1.51 G/T AUEQ WITHIN 600 M OF 0.91 G/T AUEQ FROM THE GOLDSTORM DEPOSIT ON AMERICAN CREEK’S JV TREATY CREEK

Cardston, Alberta–(Newsfile Corp. – July 13, 2022) –American Creek Resources Ltd. (TSXV: AMK) (“the Corporation” or “American Creek”)is pleased to present the first set of drill results for Phase l of the 2022 exploration program (the “Program“) conducted by Tudor Gold at their Joint Venture project, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.

The Program at the Treaty Creek property includes an aggressive resource expansion and delineation plan on several areas including the Goldstorm Deposit and the Eureka and Calm Before the Storm zones.

Results included in this press release are reported from five diamond drill holes that were drilled on the Goldstorm Deposit from sections 109+50 NE, 116+00 NE, and 117+00 NE. All holes were targeted outside the 2021 Mineral Resource Estimate area (see link: corresponding Goldstorm Deposit plan map and sections).

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SECTION 109+50 NE

  • GS-22-135intersected55.50 meters (m) grading 1.42 g/t  within190.5 m of 0.80 g/t Au EQ. The hole targeted a high-grade intercept from the 2020 program (GS-20-66) which sits outside of the current resource area. The new zone has been named “Route 66” and warrants further exploration to understand the extents of the system. Visible gold was identified in the drill core.

SECTION 116+00 NE

  • GS-22-129stepped out on the DS5 resource area and returned 28.5 m of 2.33 g/t AuEQ within 89.35 m grading 1.02 g/t Au EQ. Gold and silver mineralization was encountered past the footwall side of the Treaty Thrust Fault 2 (TTF2). The extension of DS5 to the northeast and renewed understanding of the nature of mineralization shows that this domain is vast in size and remains unbounded. GS-22-129 stepped out 150 m from the 2021 drilling.

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American Creek / Tudor Gold management comments

“Every year, the anticipation of the first round of drill results is an exciting time.

 

“We are very pleased that once again, Treaty Creek and the Tudor Gold team have delivered the goods, and this first round of very strong expansion drill results is welcomed by our team and shareholders alike as this is shaping up to be another monumental year of development and discovery at one of the most exciting gold projects in the world.”

Darren Blaney, President and CEO of American Creek Resources

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“We are extremely pleased with the first set of results of our 2022 Goldstorm resource expansion drill program. We continue to encounter strong gold, silver and copper mineralization outside the previously defined resource area.

 

“The overall strength and consistency of the Goldstorm system continues to amaze our entire technical team as the deposit remains open in all directions and at depth.

 

“We have commissioned the next set of 200 m to 300 m step-out holes based on these overwhelming positive results. Additionally, we have confirmed the discovery of a new zone in the southern portion of Goldstorm which adds yet another dimension to this expanding deposit.

 

“Based on an intercept obtained in 2020 from GS-20-66 which was formerly believed to be part of the CS600 Domain (2.15 g/t AU EQ over 75.0 m), the 100 m step-out hole GS-22-135 intercepted an up-dip expression of 1.42 g/t AUEQ over 55.5 m. This has been named Route 66 (R-66).

 

“This is clearly a gold-dominant system that exists separate to the known CS600 and DS5 Domains.

 

“Drilling continues at a fast pace at Treaty Creek with eight drill rigs on site. Our crews have completed over 20,000 m of drilling to-date and we anticipate more results to be released in a timely manner throughout the summer.”

Ken Konkin, President and CEO of Tudor Gold

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For brevity, this summary has been redacted, to read the full news release, please click HERE

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources, bought in the market at the prevailing price on the days of purchase. 

.

.

To read our full terms and conditions, please click HERE



American Creek Resources Mourns Walter Storm

American Creek Resources  (TSX.V: AMK) 

Has received the following statement from its Joint Venture Partner, Tudor Gold Corp.: “It is with great sadness that we announce the passing of the Company Founder and Chairman Mr. Walter Storm at the age of 91.

On behalf of our Board of Directors, our leadership team and our employees, we extend our sympathies to Walter’s family and friends.”

 

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American Creek TSX.V : AMK
Stage Exploration
Metals Gold
Market cap C$62 m   @ 14c
Location Golden Triangle, British Columbia, Canada

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American Creek

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AMERICAN CREEK RESOURCES ANNOUNCES PASSING OF FOUNDER AND BOARD CHAIRMAN OF JV PARTNER TUDOR GOLD

 

Cardston, Alberta–(Newsfile Corp. – June 28, 2022) –American Creek Resources Ltd. (TSXV: AMK)(“the Company”), has received the following statement from its Joint Venture Partner, Tudor Gold Corp.: “It is with great sadness that we announce the passing of the Company Founder and Chairman Mr. Walter Storm at the age of 91. On behalf of our Board of Directors, our leadership team and our employees, we extend our sympathies to Walter’s family and friends.”

In 2015, Walter Storm purchased various promising mining claims near Stewart, B.C. – within an area known as the “Golden Triangle” due to its significant gold deposits. In the following year he closed a qualifying transaction with a public company, which was later renamed TUDOR GOLD Corp.

Under his supervision he advanced Tudor Gold’s gold exploration and development efforts. After several successful drill programs completed by the Company, in March 2021 Tudor Gold published an initial mineral resource estimate for its flagship project Treaty Creek, which confirmed the Goldstorm Deposit as one of the largest gold discoveries of the last 30 years(see Tudor Gold press release dated March 9, 2021).

Walter held the position as CEO of Tudor Gold until December 2021 and continued to serve the Company as Chairman of Tudor’s Board of Directors until his passing. Mr. Storm was a successful entrepreneur with several decades of experience in Africa, Europe, the Middle East, and North America.

Throughout his career, Mr. Storm was successfully active across multiple industries, including the forest industry in Canada, mining industry in West Africa and Canada, as well as oil production and road transportation from Europe to Central Asia and Russia.

Mr. Storm left his mark in Canada by providing startup financing to Osisko Mining for Canadian Malartic, a large gold mine in the province of Quebec, through a German holding company (Eurasia) in which he held a majority ownership and acted as Chairman of the Supervisory Board. During Mr. Storm’s tenure, Eurasia not only funded the startup of Osisko Mining in 2004, but also helped the company reach market capitalization of CAD$4.50 Billion before being sold in 2014.

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JV partnership management comments

“The loss of Walter is felt profoundly, not only by his family, his friends and me, but also by Tudor’s employees and colleagues who had the privilege of knowing him during his over 60 years of devotion to his various business endeavours.

 

“Walter will be remembered as a generous, highly ethical and visionary leader who had a keen business sense and had successfully built companies in different industries. He embodied the spirit of our company with his deep sense of loyalty, his humor and his strong moral compass.

 

“Walter’s expansive business knowledge allowed him to steer many successful companies in a variety of industries. He was always willing to consider something new, and if he became involved, Walter was determined to leave it better than he found it. He will be missed.”

Ken Konkin, President and CEO of Tudor Gold Corp.

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“Walter showed his qualities as a great businessman as well as a true gentleman from the first time we met. It was evident he recognized the potential and had a vision for Treaty Creek, as well as the ability and knowledge to carry it through.

 

“It was also evident early on that treating people fairly and well throughout that process was also one of his great attributes and foundational to his record of success.

 

“We always appreciated and enjoyed our friendship and business relationship with Walter and we will miss him”.

Darren Blaney, President and CEO of American Creek Resources

.

To read the full news release, please click HERE

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

.

 



Mining Review Sunday Update 13th February 2022

Mining Review Sunday Update 13th February 

The media is talking up the potential for a war in the Ukraine and an imminent Russian invasion, and that is driving gold and oil prices upwards.

Gold was up 3% week on week, and silver an impressive 5%. Naturally many gold and silver juniors had a good week as a result.   […] 

 

.

Karora Resources

Gold in drill core from Beta Hunt mine, Karora Resources, Western Australia

 

.

City Investors Circle Mining Review Sunday Update 13th February 

The media is talking up the potential for a war in the Ukraine and an imminent Russian invasion, and that is driving gold and oil prices upwards.

Gold was up 3% week on week, and silver an impressive 5%. Naturally many gold and silver juniors had a good week as a result. Gold was helped by rising US inflation as much as Ukraine tensions

The dollar also rose on increased interest rate speculation, perm any one of many different speculations as to the number of rises rumoured throughout the media. I still insist there is a limit as to how high rates can go as their level effects government borrowing costs.

Barrick Gold reported depletion after mining of +150% in 2021, after a few years of falling reserves, a positive sign.

Chaarat Gold are experiencing hard times trying to raise the capex for their mine in the Kyrgyz Republic, due to the fact that the state have taken the Kumtor Gold Mine from Centerra Gold, who have no choice but to negotiate a settlement. 

Obviously that action has caused potential financiers to lose faith in the Kyrgyz Republic, and who can blame them?  They have acted in bad faith in my opinion, and deserve the negative publicity they have received. Sadly none of this is the fault of Chaarat’s shareholders (nor Centerra’s either for that matter), yes as always it is the shareholders who will suffer.

For this reason I am very choosy about the jurisdictions I invest in.

 

 

Stocks on our watchlist in the news this week;

Cabral Gold Drills 23.8m @ 5.5 g/t gold at Cuiú Cuiú, Tapajos, Brazil

Calidus Resources commits to a renewable micro grid at the Warrawoona Gold Project 

O3 Mining Reported 96% Gold Recoveries at Marban

 American Creek JV Partner CEO Ken Konkin interview

 Karora Resources Beta Hunt Shear Zone extended

 Argosy Minerals Is on Schedule For Production in H2 2022

 

 

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Market data

In US$

Precious metals

Gold 1859 3%
Silver 23.62 5%
Palladium 2316 1%
Platinum 1031 0%
Rhodium 18350 9%

Gold and silver were boosted by rising US inflation figures, and ongoing Ukrainian war tension.

.

Base Metals

Copper 4.64 5%
Nickel 10.91 4%
Zinc 1.7 4%
Tin 20.16 2%

Tin was boosted by threats of an Indonesian export ban.

Copper stocks are alarmingly low, although Shanghai received a new stock on Friday, possibly Chinese government reserve being released.

.

Energy Metals

Cobalt 31.96 0%
Manganese 3.38 -1%
Lithium 60911 7%
Uranium 43.6 -1%

Lithium continues to rise exponentially as prices in China rise due to increased EV battery demand.

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Bulk commodities

Iron Ore 153 6%
Coking Coal 398 -3%
Magnesium 7003 1%

Iron ore demand from China is increasing at the same time as supply from Australia is struggling to keep pace.

The Chinese government are taking action to curb the price of coking coal after the recent rise to all time highs.

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ETF’s

GDX 32.43 7%
GDXJ 41.42 8%
Sil 35.19 8%
SILJ 12.4 11%
GOEX 28.9 7%
GLD 173.81 3%
COPX 40.78 7%

 

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

 

.

To read our full terms and conditions, please click HERE

 

 



American Creek JV Partner CEO interview

American Creek (TSX.V: AMK)

JV partner Tudor Gold’s CEO Ken Konkin is interviewed about the forthcoming drill campaign for the Treaty Creek area, where American Creek is a 20% JV partner free carried until a production notice is given.

They are hunting for elephants in elephant country, with the KSM deposit and the Brucejack mine for very close neighbours.   […] 

 

.

American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$72.5 m   @ 17c
Location British Columbia, Canada

 

 

.

American Creek

 

 

.

American Creek (TSX.V: AMK) JV partner Tudor Gold’s CEO Ken Konkin is interviewed about the forthcoming drill campaign for the Treaty Creek area, where American Creek is a 20% JV partner free carried until a production notice is given.

They are hunting for elephants in elephant country, with the KSM deposit and the Brucejack mine for very close neighbours.

This is an excellent interview with an industry veteran with massive experience in the adjoining proven deposits at Brucejack and KSM.

The amount of drilling being proposed in 2022 is significant.

American Creek Resources are in the unique position of having all the drilling done for them for nothing, so no exploration cashburn nor share dilution, and a massive discovery is being unearthed, with hopefully more to come in the very near future.

.

To listen to the Ken Konkin Tudor Gold podcast, please click here

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

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Disclosure

At the time of writing the author holds shares in American Creek Resources bought in the market at the prevailing price on the day of purchase.

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American Creek JV Drills Long Gold Intersection

American Creek (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.

The highlight was 0.97 G/T Gold EQ Over 1,320M, Including 1.38 G/T Gold Eq Over 556.5 M, Ending In Strong Mineralizatio.   […]

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$91 m   @ 21.5c
Location British Columbia, Canada

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American Creek Treaty Creek map

American Creek Resources – Treaty Creek

 

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American Creek’s JV Partner Tudor Gold Intersects 0.97 G/T Gold EQ Over 1,320M, Including 1.38 G/T Gold Eq Over 556.5 M, Ending In Strong Mineralization With 2.34 G/T Gold Eq Over 57M in Step Out hole At Goldstorm Deposit In BC’S Golden Triangle

 

Cardston, Alberta–(Newsfile Corp. – November 30, 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 seven diamond drill holes that were completed at the Goldstorm Deposit along three section lines spaced 300 meters apart (Sections: 111+00 NE, 114+00 NE and 117+00 NE).

These holes confirm that gold and copper mineralization gain strength in the northern-most set of drill holes, which demonstrates that the Goldstorm System remains very robust and open to expansion to the north.

The Copper Belle-Goldstorm Deposit (CB-GS) currently hosts an estimated 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 dated March 9, 2021).

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Goldstorm Drilling Highlights include:

SECTION 117+00 NE

  • Significantly expanded CS600 domain to depth and to the northwest with GS-21-113-W2, which returned a CS600 intercept of 1.38 g/t AuEq (including 0.49%Cu and 6.27 g/t Ag) over 556.5 m, and contains higher grade mineralization averaging 2.34 g/t AuEq (including 0.71 % Cu and 17.64 g/t Ag) over the last 57.0 m of the hole. The drillers had to abandon the hole at 1,575.0 m, as the drill was at its maximum limit.
  • Two pulses of gold mineralization were encountered within the 300H domain in GS-21-113-W2; the upper pulse averaged 1.29 g/t AuEq over 97.0 m, the lower pulse averaged 1.85 g/t AuEq over 69.0 m.
  • The strongest mineralization in the northernmost section cutting the 300H domainwas within GS-21-113-W1, which returned 4.07 g/t AuEq over 78.0 m, within 459.0 m of 1.30 g/t AuEq.
  • The longest intercept of the Project to-date was from GS-21-113-W2 with 1,320.0 m averaging 0.97 g/t AuEq, which included the 300H and CS600 domains.

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Tudor Gold / American Creek managament comments

“We are very pleased to report these exceptional drilling results that continue to increase the dimensions of the Goldstorm Deposit, with some of the most impressive goldcopper mineralization observed to-date.

 

“We have significantly expanded the deposit to the north, northwest and at depth. Drill hole GS-21-113-W2 is the deepest intercept in the Goldstorm system. This hole ended in very strong gold-copper and associated silver mineralization within the CS600 domain.

 

“Clearly, much more drilling is required to constrain the deposit which appears to have the greatest potential for continued expansion to the northeast and northwest.

 

“This system has proven to be much larger than we previously expected and, combined with our recent discoveries at Perfect Storm, Eureka and Calm Before the Storm, gives this Project un-paralleled economic potential as one of the largest gold projects in the world.

 

“We have recently received the final analytical results for our last drill holes and our geologists are working on refining the geological interpretation and completing maps and drill section.

 

“We expect more news releases to follow shortly.”

Tudor Gold’s Vice President of Exploration and Project Development, Ken Konkin.

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For brevity this American Creek Resources announcement has been redacted, to read the full news release, please click HERE

 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

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Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

Disclosure

At the time of publishing the author holds shares in American Creek bought in the market at the prevailing price on the day of purchase .

 

To read our full terms and conditions, please click HERE