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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

Comment by BigValuehunteron Sep 25, 2024 2:51pm
69 Views
Post# 36240757

RE:little substance a lot of fluff

RE:little substance a lot of fluffFair question Action.

Right now, they only have some placer claims with no drilling.  Who knows what its worth but Id imagine you couldnt even get 7 figures for it if you tried to sell them.

The Nugget TRap White Paper, however, raises even more concerns:

1)  810 million tokens issued to Cunningham Miningh for no cash or consideration,
2)  90 million tokens issued to Cunningham Natural Resources (HNRC) for free who have a $1 million market cap

So 900 million tokens issued for free, or for some sort of backing by an exploration permit.

Who is going to purchase any of the 100 million tokens being issued at $0.60.  Its like burning money in my opinion.  They got diluted to nothing even before they buy!   I cant see how ANYONE would buy the token if they were aware of this.

Action3030 wrote:
What does Cunningham Mining have to support their gold tokens and back up sales of them in order to raise cash in the hundreds of millions of dollars thereof???


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