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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 NineLiveson Sep 28, 2024 7:36am
126 Views
Post# 36245184

Last chance to buy

Last chance to buy Before AMK is expected to move higher. In terms of the 3 exploring Treaty Creek AMK has a little less baggage. TUO still hasn't spun out their holding in TC into a newco, so it's still mixed in with the 20 plus other properties they hold. They also have the NSR's on TC making them a formidable company.

TUD, as all know owning 60% of TC is still raising cash for the PEA, which can be done through insiders exersisng options, Ken is a very astute guy who certainly wouldn't sell TUD for peanuts after all the work he's put into the property.

That leaves AMK and their 20% holding of TC. Less baggage, very vanilla company, what you see is what you get so a much easier target than the other 2 at this stage of the game. I wouldn't be surprised to see AMK pop up quickly from the high 20's as more interest comes in to get a foothold into Treaty Creek and the very large Gold and Copper showings. Possibly a bidding war on the horizon. They'd better act quickly as the price of Gold shows little indication of slowing in its rush higher which continues to make AMK a very rich company on paper.
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