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.

TSXV:AMK - Post by User

American Creek Resources Ltd > I never doubted the crypto coin ever being created

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Comment by cskhurasuon Oct 19, 2024 2:05pm

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Post# 36273211

RE:RE:RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created

Other issues.

AMK ounces are not allocated but are jointly owned by TUD and TUO and therefore at risk for their performance.

What happens if some ounces are produced? Who has a call on them? If AMK, which tokens are backed by mined gold vs in ground gold?

If the token really only has gold backing once the AMK deal closes, because the placer property has no resources, who will buy the tokens to close the AMK deal?

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