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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 fordsteron Sep 24, 2024 4:42pm
105 Views
Post# 36239102

This bothers me

This bothers me

...and it would stand in the way of me buying a token....

"The exact amount of gold backing each Nugget Trap Gold (NGT) token by Cunningham Mining isn’t specified in terms of a fixed weight of gold per token. Instead, the tokens are backed by a combination of in-ground gold assets and physical gold from the Nugget Trap Placer Claim. This means the value of each token is tied to the overall value of these gold assets rather than a specific quantity of gold per token."

...It's as silly as having a token backed by the dollar as it voids out its security purpose. Cunninghams token is like buying a stock that can be diluted out.

If I'm wrong, please educate me as I'm more than willing to learn. I'm really hoping this falls through...but will be at peace if it happens.

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