American Creek Resources Ltd V.AMK

from ceo:

[Rocket444]

 

@TS I heard these interesting points:1 - The drilling this year at PSZ was confined to an area at the edge of the target for which drilling permits were in place. From watching KK review the map with his cursor, his primary target appears to be quite a distance from where they drilled. He clearly feels there is better grade much further to the southwest (several hundred meters) more in the center of the target. He also clearly feels there is mineralization consistently in between where they drilled this year and where they will drill in 2021. In other words, a good sized system when it is defined - another big one. 2 - Early in the presentation he made reference to Orpiment as another 3km target along the STF. He doesn't always mention Orpiment in his presentations and I think it's significant for next year. 3 - They will not be able to define the extent of the DS-5 in 2020 and must complete that part of the work to the northeast in 2021. [This is another reason I think Orpiment could come into play as a further deposit next year - they will be banging on the door of the Orpiment showing if they have success tracing the DS-5 in that direction anyway]. KK reconfirmed earlier info such as the size of Goldstorm as 1100m by 700m by 1000m deep, and easily 1B tons of material. He also made a comparison to Snowfield as his sort of benchmark for Goldstorm - Snowfield has 25.9 oz Au. Measured and Indicated and 9 million Inferred. So he seems to be thinking in terms of the 30-40 million oz. Au range for now. In my thinking, when a third major deposit is identified (whether Orpiment or further northeast) this number will eventually grow to 45-60 million. But regardless of the total number, the crown jewel is still the 300 Horizon. I think that will define pretty well what the value of Goldstorm is when the initial resource estimate comes out. The other resources will add to that later, possibly in a substantial way. For example, everything reported at PSZ this year was no deeper than 417 meters, and therefore brings up the possibility of another shallow gold discovery in that zone.