The beginning for AMK 2007 . Patience you will be reward The join venture December 11, 2007
Raymond, Alberta…American Creek Resources Ltd. is pleased to report the preliminary results of the 2007 exploration program on the Treaty Creek Project located in northwest British Columbia, Canada.
In March, 2007, American Creek Resources entered into a joint venture with Teuton Resources Corp. (TUO: TSX-V) for the controlling interest in the Treaty Creek property. American Creek was granted an option to earn a 51% interest by spending $5 million on exploration over three years with at least $1 million in exploration expenditures to be incurred in the first year. A further 9% interest (bringing the total interest to 60%) may be earned by funding a positive feasibility study.
The Treaty Creek property is not only adjacent to one of the largest undeveloped gold/copper projects in Canada, but appears to form part of the same highly mineralized trend line. The southern portion of the trend line, held by Seabridge Gold (SEA:TSX-V) and Silver Standard (SSO:TSX-V), contains bulk tonnage deposits hosting a combined inferred resource of approximately 19.6 million ounces of gold, 18 million ounces of silver and 4.95 billion pounds of copper. It is worth noting that these figures are from the 2006 exploration programs, and that they are expected to increase significantly with the ongoing release of results from the respective 2007 drill programs.