American Creek Resources Ltd V.AMK

Very good update from AMK this morning

[Robizounskin]

https://www.js-research.de/fileadmin/user_upload/JS_Research_Tudor_Gold_08.11.20.pdf

TUDOR GOLD IS A RARE M&A GOLD ACQUISITION-TARGET FOR ANY OF THE MID-TIER AND LARGE CAP GOLD PRODUCERS!
 

How many tens of million ounces of gold will be found on this 17,913 hectare project in Canada's Golden Triangle?

 

That’s the title of the latest JS Research report on the Treaty Creek project and our JV partner Tudor Gold.  It sounds like they are as excited about the latest drilling results as we are.  The key element for us are that the infill drilling continues to hit long intercepts of consistent gold including 0.741 gpt AuEq over 1152.0 metres (112.0-1264.0 m) and 0.968 gpt AuEq over a 414.0 meter intercept (833.5-1247.5 m).  See the press release here for details.  The Goldstorm continues to extend to the north, the east, and the south east (dramatically expanding the conceptual target size) and to depth.  

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have "free rides".
 
Because of this relationship we feel that American Creek stock offers exceptional value for two primary reasons:

1. American Creek will receive 33% of the $ amount Tudor will receive, should Treaty Creek be sold, and yet is sitting at only 21% of Tudors market cap.
2. Anyone purchasing American Creek Stock now, will also receive shares of a new spinout company called Stinger Resources.  See details here.

The Qualified Person for this news item is James A. McCrea, P. Geo., for the purposes of National Instrument 43-101. American Creek has not independently confirmed the technical information in the JS Research report

 

View the full report here