Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Comment by goldmember2on Aug 31, 2010 2:08pm
493 Views
Post# 17400557

RE: RE: RE: RE: Bankruptcy?

RE: RE: RE: RE: Bankruptcy?How could that be worth millions exactly? You are forgetting that neither AMK or TUO actually OWN the land. It is Crown Land and those companies only have the rights (for now) to explore for minerals there. I would refer you to the BC Mining Right of Way Act: https://www.bclaws.ca/EPLibraries/bclaws_new/document/ID/freeside/00_96294_01 . Seabridge has the legislated right to build the tunnels to access their claims. Even if they DID own the land, SEA could still potentially drive a road across it.

The only way that AMK/TUO would receive any cash from SEA for the tunnels would be if the tunnels somehow hindered their access to mineral resources on the property. But they don't even have an established resource yet and one would assume that SEA would go underneath or away from any possible future resources. AMK/TUO have no ability to hinder SEA's access.

gm
Bullboard Posts