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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 Robizounskinon Mar 14, 2023 3:31pm
132 Views
Post# 35338174

RE:RE:Time for speculation next update 43-101

RE:RE:Time for speculation next update 43-101Well for my part I think we may easily double the initial resource based on the following;

In spring of 2021 Initial Mineral Resource Estimate was made from 2020 and earlier years of drilling seasons.

 A total of 218 drill holes totaling 105,658.8 m were reviewed in the Mineral Resource Estimate, however 132 holes were within the Goldstorm-Copper Belle deposit limits and were used to constrain the resource estimate. The constraining open-pit shell contains 14.15 million ounces of Measured and Indicated AuEq ounces at an average grade of 0.72 g/t AuEq and 5.26 million Measured and Indicated AuEq ounces at an average grade of 0.80 g/t AuEq for the out-of-pit Mineral Resources. 

In spring of 2023 (very soon) the Updated Mineral Resource Estimate will be based on the previous estimate plus those additional 85 holes totalling 72,426 m as stated bellow.

In 2021, Tudor completed 30 holes totalling 30,108 m

In 2022, the Company completed 42,318 m over 55 drill holes. 

Results from infill and step-out drilling continued to impress and encountered stronger than expected gold, copper and silver mineralization outside the previously defined resource area of the Goldstorm Deposit to depth and along the northeastern axis by at least 500 m to the north and northeast.  Drill holes in this area were observed to intercept higher grades than those derived from the 2021 Initial Mineral Resource Estimate.  In addition to the long and consistent mineralized intervals a number of new high-grade intercepts bearing visible gold mineralization were seen within and outside the boundaries of the Goldstorm Deposit

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