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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

Post by rockport1on Jun 10, 2024 6:05pm
163 Views
Post# 36081746

A little more on the Nugget Trap placer claim

A little more on the Nugget Trap placer claimCunningham Mining stated in Sep 2023 that it is requesting a permit to mine 15,000 cubic yards of pay dirt per annum at the Nugget Trap claim.   At their stated assay rate of 25 g/t, and with a specific gravity estimate of 1150 kg/cu yrd, it works out to about 10,500 ounces gold per year.

At a gold price of USD $2300, that works out to about U $24 million per year in revenue.  I know almost nothing about placer mining, so I cannot make any estimates on the cost.  I also do not know if the permit can be extended. 

Anyway, just more info to consider regarding the crediblity of Cunningham Mining.  Note drilling for the assays appears to have conducted by More Core Drilling.  At least, they are the client on the Assay report. The assay report was issued in Feb 2020.
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