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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

Post by HIGHonLITHIUMon Jul 29, 2019 11:06am
83 Views
Post# 29970466

Here is what Sprott said about Treaty Creek

Here is what Sprott said about Treaty Creek

In a recent podcast Eric enthusiastically described the potential of the Treaty Creek project when he made statements like:

"It's drilling a monster play just like the GT Gold play" "The last hole they announced, which was last year, was 563 meters of 1.08 gold."

"It's in the perfect logistical place to develop it. The market cap of the company (Tudor) is like under $50 million and yet what we're shooting for is to define a 10 or 20-million-ounce discovery, so you're paying nothing for this discovery."

"So that's the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000. I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars! That is what we are looking for - a dollar to $35 dollars, set you up for life!"

Click the link below for the Sprott podcast. Tudor/Treaty Creek are discussed beginning at about the 10:07 mark....but we suggest you listen to the whole thing as Eric describes the present gold/silver market in general. 

https://www.sprottmoney.com/Blog/paradigm-shift-what-a-week-for-precious-metals-weekly-wrap-up-july-19-2019.html


 

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