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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 Florentinaon Jul 09, 2020 12:08pm
133 Views
Post# 31245752

It will explode soon!

It will explode soon!" onclick="window.open(this.href,'win2','status=no,toolbar=no,scrollbars=yes,titlebar=no,menubar=no,resizable=yes,width=640,height=480,directories=no,location=no'); return false;" rel="nofollow" style="box-sizing: inherit; background: transparent; text-decoration: none; color: white; outline: 0px; font-weight: bold;">Print Cardston, Alberta--(Newsfile Corp. July 9, 2020) -American Creek Resources Ltd. (TSXV: AMK) ("the Corporation")is pleased to report that its JV partner Tudor Gold Corp announced today that it has completed the first set of diamond drill holes at their flagship property, Treaty Creek located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling is progressing very well on the Goldstorm Zone which is on-trend from Seabridges KSM Project located five kilometers southwest of our Goldstorm system. Two additional drills have been mobilized to the project to bring the total to four diamond drill rigs. Tudor Gold intends to extend the diamond drill hole program up to possibly 35,000 meters from the original plan of 20,000 meters and is fully funded to do so. The initial drilling this season has yet to delineate the limits of the Goldstorm system as it remains open in all directions and to depth. Tudor Golds Vice President of Project Development, Ken Konkin, P.Geo., states: The priority was to expand the Goldstorm System to the southeast and to the northeast, however drilling began in the central and southwest areas where grades were weaker within the overall system. The objective was to either expand the known area of mineralization or to define its limits. We were pleasantly surprised to see the strength of mineralization encountered in drill holeGS-20-57which has an enriched interval that averages1.40 gpt AuEq over 217.5 meters(544.5 to 762.0 meters). The entire intercept has a composite average of0.845 gpt AuEq over 973.05m(34.50 to 1077.55 meters). We were confident that we could surpass our former best intercept ofGS-19-47 with 0.697 gpt AuEq over 1081.5 meters,but we never thought wed find such a wide extent of mineralization in the central-southwest portion of the system. As well, we attempted to expand the limits in the southeast part of the system where we had some elevated spikes in gold grades from our 2019 drilling. Two of our first five drill holes cutVisible Goldin holesGS-20-55andGS-20-58on Section 110+00 NE. The highest gold value was fromGS-20-55 with 37.7 gpt Au and 44.8 gpt Ag over 1.0 meter(428.5 to 429.5 meters). The native gold occurrences both came from the CS-600 Zone which has an enriched portion that averages1.34 gpt AuEq over 69.0 metersfrom 360.5 to 429.5 meters. The northeastern extension to Goldstorm is the main event of this program and we will begin drilling this area in mid-July. Ken Konkin, P.Geo adds:The current known length of the northeast axis of the Goldstorm System is over 850 meters long and the southeast axis is at least 600m across, and it remains open in all directions and to depth. Apart from GS-20-57, the strongest mineralization encountered to date is from the two consecutive 150m step-out holes drilled to the northeast in 2019:GS-19-42 yielded0.849 g/t Au Eq over 780 m within the 300 Horizon including 1.275 g/t Au Eq over 370.5m, and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m within the 300 Horizon including 0.867 g/t Au Eq over 301.5m.The exploration program will now be focused on expanding mineralization from these two exceptional step-out holes with three drills. We plan to continue stepping forward along the NE axis with yet another 150 meter step out hole, as well as fill-in drilling from the sites of GS-19-42 and GS-20-47. The geological model is evolving; it is apparent that there have been several pulses or phases of stronger gold, copper and silver mineralization that give the Goldstorm System its nebulous shape of interconnected disseminated and veinlet stockworks. It is clear that we also need to expand drilling to the southwest given the results obtained from GS-20-57. The plan includes drilling beneath the GS-20-57 intercept with hopes of expanding the excellent results obtained within this portion of the Goldstorm System. The two tables below provide the complete list of drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth. The four sections included at the bottom of the news release and on the Companys (Tudor) website show the new drill holes plotted on their respective sections. Table lGold equivalent composite values from the first nine holes of the 2020 drilling program in the Goldstorm Zone. SectionHorizonHole_IDFromToInterval (m)Au g/tAg g/tCu ppmAu Eq g/t110+00 NE300GS-20-54
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