American Creek Resources Ltd V.AMK

Alternate Symbol(s): ACKRF

Metals & Mining Industrial Metals & Minerals

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.

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American Creek Resources Ltd > Mega Deals ...

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Comment by rockport1on Apr 27, 2024 12:48pm

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Post# 36011020

RE:RE:RE:RE:RE:Mega Deals ...

I don't think this helps Tudor at all, no significant impact. The incentive is for a third party, possibly bigger miner, to get a locked-in, meaningful interest in Treaty Creek at reasonable cost.

Stockmoves1 wrote: I believe you have a valid point ... BUT, assuming someone takes the 20% stake that AMK has in TUD, how does this help finance TUD, because this takeout would payout the shareholders only ... Unless the same company ups the percentage intake, what is the incentive?

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