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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

Comment by 3arseofDDon Jun 15, 2011 10:56am
740 Views
Post# 18718004

Last I heard from Cos; CRA Owes Them

Last I heard from Cos; CRA Owes ThemLast I heard AMK is due close to approximately half a million from the CRA I believe from the flow through credits audit?. So the audit went well if that's what it was about (to clarify Joebanks last post here). The funds where due in or are in the hands of AMK by now.
In conclusion cos. fully funded for this season's Electrum drilling and even the Copper Belle (Treaty Creek) can be funded for drilling concurrently as well, if it (the lit. case) is settled during a quick discovery soon The Cos (AMK) knows exactly where to drill going forward on Treaty Creek (very exciting).. The Cos has no debt.
The SP at these levels with everything about to come together for both cos even... The BC gov't and SEA doing Airbourne geophysics...Seabridge working on there proposed tunnel and there possible huge anomalies leading to mineral credits to tunnel out..
This could all come together very fast not like other ventures having to wait through this drilling season until the fall/winter, Amk and Tuo combined could be in for some huge moves to the upside once they move past these last expenditures verifications..
Its in the stakeholders and shareholders best interest to move forward quickly on this. Amk as operator could take back some operating concessions going forward towards the 60/40 split or still even with the 51/49 split going back in this season to drill on the Copper Belle (Treaty Creek), whether it be in the form of paper receivables due in good time etc.
Its a win win to resolve all this and level heads will prevail. IMHO excellent SP points for entry. Its the Ole saying buy em when they are on sale especially this time of year when the markets systemics are teetering.
GLTA
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