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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 moly4uon Aug 22, 2019 12:40am
88 Views
Post# 30053475

.20 soon

.20 soon THE AMERICAN CREEK ADVANTAGE American Creek owns a fully carried 20% interest in Treaty Creek until a production notice is given. This is worth far more than a standard 20% interest because it means that American Creek does not carry any of the exploration costs in advancing the project. Once a production notice is given, we will contribute our respective 20% of any costs going forward from that time – typically debt financed and/or funded from production proceeds (no share dilution). Given its location and scale it is entirely likely that Treaty Creek, or a portion of it, will attract the attention of a buyer prior to a production notice. American Creek shareholders stand to benefit from the development of a world class project without experiencing the typical dilution associated with financing the project through the process. In addition to the geological potential, they may also benefit from a potential future agreement with Seabridge concerning tunnels and access. It’s the best of both worlds. American Creek also has other projects with significant potential including the former producing high-grade Dunwell gold/silver mine located just 8 km from the shipping port in Stewar
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