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 > It looks like we are going forward those 43 cents finally.

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Comment by Robizounskinon Oct 02, 2024 2:56pm

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Post# 36250453

RE:RE:RE:RE:RE:RE:RE:RE:It looks like we are going forward those 43 cents finally.

Hey Larry, you seem to have difficulties understanding some financial basic here. Cunningham have their financing secured by GEM, Gem has the money and not Cunningham for now, GEM are the one financing the deal, their financing is guaranty by the asset that Cunningham will buy and own which is that 20% of Treaty Creek. Cunningham will refund their financing to Gem by issuing Gold Token during a 36-month period. It’s like having a mortgage with a bank if you have some difficulties to understand the financial mechanic involved.

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Catching up with one of the busiest junior gold developers