American Creek’s JV Partner Drills 13.89 G/T Gold Eq

American Creek Resources (TSX.V: AMK)

Announced that project operator and JV partner Tudor Gold has produced the results of the first four holes totaling over 6,174 m of the planned 10,000-meter 2024 exploration program at Treaty Creek, located in the heart of the Golden Triangle of NW B.C.

 

 

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American Creek map

 

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$83 m   @ 18.5c
Location Golden Triangle, B.C.
Website www.americancreek.com

 

 

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AMERICAN CREEK’S JV PARTNER TUDOR GOLD DRILLS 13.89 G/T GOLD EQUIVALENT (AUEQ) OVER 6.30 METERS (M), 11.05 G/T AUEQ OVER 3.0 M AND 8.09 G/T AUEQ OVER 6.15 M WITHIN SUPERCELL-ONE ZONE AT TREATY CREEK, GOLDEN TRIANGLE, BRITISH COLUMBIA

 

 

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Cardston, Alberta–(Newsfile Corp. – August 14, 2024) – 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 results of the first four holes totaling over 6,174 meters (m) of the planned 10,000-meter 2024 exploration program (the “Program”) at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.

Tudor plans to successfully complete the Program within the northeastern part of the Goldstorm Deposit by the end of the month.

The first four drill-holes reported in this release specifically targeted the Supercell-One Zone (SC-1) which was identified earlier this year as representing a significant potential economic target within and expanding beyond the CS-600 Domain (see press releases dated February 2 and May 10).

The results from the recent drilling strongly confirm this new discovery, characterizing a high-grade gold system that falls within an area that currently measures up to 800 m in length by 400 m in depth, with three sub-parallel structures that remain open in all directions and to depth.

 

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Click the following links to:

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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.

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To read our full terms and conditions, please click HERE



Ascot Closes C$5 Million Flow Through Private Placement

Ascot Resources  (TSX: AOT) 

Announced that the Company has closed the second of two tranches of the C$5 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2024 exploration program at the Company’s Premier Gold Project in the prolific Golden Triangle of  British Columbia.

 

 

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Ascot Resources

Ascot Resources – Big Missouri portal

 

 

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Ascot Resources TSX : AOT
Stage Development
Metals Gold
Market cap C$369 m   @ C$0.59
Location Golden Triangle, British Columbia
Website www.ascotgold.com

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Ascot Closes Final Tranche of C$5 Million Flow Through Private Placement

 

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Vancouver, B.C. June 20, 2024 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF)  (“Ascot” or the “Company”) is pleased to announce that, further to the Company’s news release dated May 7, 2024, the Company has closed the second of two tranches (the “Second Tranche”) of the C$5.0 million non-brokered flow through private placement (the “Offering”), the proceeds of which will be used to fund the 2024 exploration program at the Company’s Premier Gold Project (“PGP” or the “project”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia.

The Offering consists of 6,024,096 common shares of the Company, which qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “FT Shares”), at a price of C$0.83 per FT Share.

Under the Second Tranche, the Company issued 4,820,000 FT Shares for gross proceeds of C$4,000,600.

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To View Ascot Resources’ historical news, please click here

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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.

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 Ascot Resources.

.

To read our full terms and conditions, please click HERE



American Creek Non-Binding LOI and Exclusivity With Cunningham

American Creek  (TSX.V: AMK)

Announced that it has entered into a non-binding and arm’s length letter of intent dated June 5, 2024 with Cunningham Mining Ltd., to engage in due diligence and negotiations regarding the terms of a proposed transaction whereby Cunningham, or a subsidiary of Cunningham, would acquire all of the issued and outstanding securities of the Company. 

 

 

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American Creek

 

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$83 m   @ 18.5c
Location Golden Triangle, B.C.
Website www.americancreek.com

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AMERICAN CREEK ANNOUNCES NON-BINDING LETTER OF INTENT AND EXCLUSIVITY WITH CUNNINGHAM MINING REGARDING PROPOSED PLAN OF ARRANGEMENT

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Consideration of $0.43 Cdn per Common Share represents a premium of approximately 274%

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Cardston, Alberta–(Newsfile Corp. – June 6, 2024) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek” or the “Company“), announces that it has entered into a non-binding and arm’s length letter of intent dated June 5, 2024 (the “LOI“) with Cunningham Mining Ltd. (“Cunningham“), a private British Columbia corporation, to engage in due diligence and negotiations regarding the terms of a proposed transaction (the “Proposed Transaction“) whereby Cunningham, or a subsidiary of Cunningham, would acquire all of the issued and outstanding securities of the Company.

 

Through this proposed transaction, Cunningham would acquire control of the Company’s 20% fully carried interest in the Treaty Creek Property which has an Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ grading 1.19 g/t AuEQ and an Inferred Mineral Resource of 6.03 Moz of AuEQ grading 1.25 g/t AuEQ.

 

If the parties agree to proceed with the Proposed Transaction, the Company expects the Proposed Transaction will be carried out by way of a court-approved plan of arrangement (the “Arrangement“) under theBusiness Corporations Act(British Columbia) (the “BCBCA“).

 

The Company’s Board of Directors (the “Board“), after an extensive period of negotiation and consideration of various alternatives, has approved entry into the LOI, pursuant to which Cunningham proposes to acquire all the issued and outstanding securities of the Company, including all common shares of the Company (the “Common Shares“), at a price of $0.43 Cdn per Common Share, payable in cash (the “Consideration“).

 

The Consideration represents a premium of approximately 274% to the $0.115 Cdn closing price of the Common Shares on the TSX Venture Exchange (the “TSXV“) on June 5, 2024 (the last trading day prior to the execution of the LOI).

 

The LOI is non-binding and there can be no assurance that the Proposed Transaction contemplated by the LOI, or any other transaction, will be completed. Closing is subject to a number of conditions and uncertainties described below.

 

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Darren Blaney, CEO of American Creek, stated:

 

“We are excited that Cunningham has recognized the value and the potential of the Treaty Creek Property despite the tough junior market conditions we are currently experiencing.

 

“We believe this proposed transaction may provide not only a liquidity event for our longstanding shareholders, but also represents an opportunity for shareholders to potentially realize a 250% plus premium to the present market valuation of their equity in the company.

 

“We look forward to working with Cunningham to finalize a definitive agreement in due course that protects and provides value for our shareholders.”

 

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Ryan Cunningham, CEO of Cunningham, stated:

 

“With this pending future transaction Cunningham Mining is ushering in the next frontier in terms of tokenization and monetization of in ground mineral resources.

 

“We are confident in the prospects of the gold, silver, and copper resources of the Treaty Creek Property and feel it will be a transformational addition to our upcoming NGTGOLD Token.

 

Our team looks forward to the role it will play in the Golden Triangle as well as in the future of mining.”

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Exclusivity

The LOI provides for an exclusivity period ending at 4:00pm (Vancouver Time) on August 5, 2024 (the “Expiry Time“). Among other things, until the Expiry Time:

  • American Creek and Cunningham will deal exclusively with each other in good faith to complete all reasonable and customary due diligence and to negotiate the Definitive Agreement;
  • American Creek will continue to operate its business in the ordinary course, consistent with past practice;
  • American Creek will discontinue any existing discussions, and not initiate any discussion, regarding alternative transactions; and
  • American Creek and Cunningham will seek to negotiate a definitive agreement (the “Definitive Agreement“) setting out the terms of the Arrangement.

 

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Superior Proposals

Notwithstanding the exclusivity provisions of the LOI, the Board has negotiated customary carve outs for unsolicited, bona fide proposals that the Board determines, in good faith, would if consummated result in a superior transaction that is more favourable to shareholders of American Creek.

Failure to participate in such discussions or negotiations would be inconsistent with the Board’s fiduciary duties.

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To View American Creek’s historical news, please click here

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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.

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.

.



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

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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.

.



Skeena Increases Snip Gold Resource to 823,000 Oz

Skeena Resources (TSX: SKE)

Announced an updated Mineral Resource Estimate for the 100% owned Snip Gold Project located in the Golden Triangle of British Columbia.

THe updated MRE consists of 823,000 ounces grading 9.35 g/t Au in the Indicated category and 114,000 ounces grading 7.10 g/t Au in the Inferred category.

 

 

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Skeena Resources

Skeena Resources – Eskay Creek drilling, Golden Triangle, B.C. Canada.

 

 

Skeena Resources TSX: SKE
Stage Development + Exploration
Metals Gold, silver
Market cap C$568 million @ C$6.44
Location Golden Triangle, British Columbia

Skeena Increases Indicated Resource at Snip to 823,000 Gold Ounces Representing a 237% Increase 

 

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NR: 23-18
Vancouver, BC (September 5, 2023) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the 100% owned Snip Gold Project (“Snip” or the “Project”) located in the Golden Triangle of British Columbia.
Effective September 5, 2023, the updated MRE incorporates an additional 307 drillholes totaling 46,268 metres, enhancements to the geological interpretation, resource estimation methods, long hole mining method parameters, and updated metallurgical process recoveries.
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2023 Snip MRE Highlights:

  • Updated MRE of 823,000 ounces grading 9.35 g/t Au in the Indicated category and 114,000 ounces grading 7.10 g/t Au in the Inferred category
  • An increase of 579,000 Au ounces in the Indicated Resource, representing a growth of 237% since the 2020 MRE
  • 2021 and 2022 drilling programs heightened confidence of historical drilling data and improved certainty in continuity of the ore body
  • Metallurgical recovery increased to 96% from 90%

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Randy Reichert, Skeena’s President & CEO commented

“With the successful conversion of over 570,000 gold ounces to the Indicated category, we are very pleased with the updated Mineral Resource Estimate for Snip.
“This Resource will form the basis of a detailed engineering study with project economics, which we anticipate being released in H1 2024.
“The study will demonstrate the potential benefits of adding Snip mineralization to the Eskay Creek Project as a satellite operation, likely including an increased mine life and improved concentrate payabilities at Eskay Creek.
“We look forward to continuing to unlock value for all stakeholders as we advance the Project.”
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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 Skeena Resources

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