We knew about this issue since 2009February 19, 2009 TSX-V: AMK Raymond, Alberta… American Creek Resources Ltd. (the “Corporation”) today reported that the Preliminary Economic Assessment (the “Report”) released January 8, 2009 by Seabridge Gold Inc. (“Seabridge”) (TSX: SEA) indicates that Seabridge proposes to construct a 21.5 km underground tunnel to transport ore by conveyor from its KSM deposit to a mill and tailings pond to be constructed northeast of American Creek’s Treaty Creek Project located in northern British Columbia. American Creek reports that approximately 13 km of the proposed tunnel extends through the heart of its property, intersecting multiple mineralized zones.
Seabridge has recently initiated informal discussions regarding access. The Corporation confirms that Seabridge currently has no legal interest in the Treaty Creek claims and that American Creek has not granted Seabridge access to tunnel through the claims.
The Corporation further confirms that access would be granted only on terms maximizing value to American Creek’s shareholders including compensation for the full value of the mineral deposits located within the proposed tunnel route. The Treaty Creek Project is located directly north of and adjacent to the KSM project held by Seabridge and appears to form part of the same highly mineralized trend line. The KSM deposits contain a resource of over 34 million ounces gold and over 8 billion pounds copper making it one of the largest undeveloped gold/copper deposits in the world.
American Creek has completed 5,470 meters of drilling on the Treaty Creek Project. Exploration to date has focused on two main zones: the Copper Belle and the GR2.
These promising new discoveries are both located within the proposed tunnel area. Link bellow;
American Creek Resources Ltd. - SEABRIDGE PROPOSES UNDERGROUND TUNNEL THROUGH TREATY CREEK PROJECT