Post by
Robizounskin on Apr 06, 2024 7:30am
TUNNEL THROUGH TREATY CREEK PROJECT HISTORIES
Since day one in 2009 AMK are talking about negotiation for the tunnel and since the beginning SEA is aware that there is a very high potential to cross mineral deposit on the tunnel path on Treaty Creek just like they have on KSM. SEA even made at one point an offer to buy all the claims on the tunnel route, thanks God AMK never fall in this trap. Now it is in the hand of Tudor or a Major to make a deal or not for the benefit of us shareholders. There is a string of news/communications bellow extracted from AMK site regarding this topic.
Have a nice reading and do your own DD.
SEABRIDGE PROPOSES UNDERGROUND TUNNEL THROUGH TREATY CREEK PROJECT
February 19, 2009 TSX-V: AMK
Raymond, Alberta… American Creek Resources Ltd. (the “Corporation”) today reported that the Preliminary Economic Assessment (the “Report”) released January 8, 2009 by Seabridge Gold Inc. (“Seabridge”) (TSX: SEA) indicates that Seabridge proposes to construct a 21.5 km underground tunnel to transport ore by conveyor from its KSM deposit to a mill and tailings pond to be constructed northeast of American Creek’s Treaty Creek Project located in northern British Columbia. American Creek reports that approximately 13 km of the proposed tunnel extends through the heart of its property, intersecting multiple mineralized zones.
Seabridge has recently initiated informal discussions regarding access. The Corporation confirms that Seabridge currently has no legal interest in the Treaty Creek claims and that American Creek has not granted Seabridge access to tunnel through the claims. The Corporation further confirms that access would be granted only on terms maximizing value to American Creek’s shareholders including compensation for the full value of the mineral deposits located within the proposed tunnel route.
AMERICAN CREEK RESOURCES AUTHORIZES SEABRIDGE GOLD TO CONDUCT GEOPHYSICAL SURVEY ON TREATY CREEK PROPERTY
May 30, 2011 TSX-V: AMK / OTC: ACKRF
American Creek Resources Ltd. (AMK: TSX-V) (the “Company”) is pleased to announce that in response to a request for permission, it has authorized Seabridge Gold Inc. (SEA:TSX, SA:AMEX, SA:NYSE) (“Seabridge”) to conduct a magnetotelluric geophysical survey on the Company’s Treaty Creek Project. The survey will be conducted along the tunnel route proposed by Seabridge. The goal of the survey is to detect significant structural zones and lithological changes at depths between 1.0 and 3.0 kilometers. It is anticipated that the program will begin mid-July, 2011. Seabridge will provide American Creek with the original data collected on the property and the interpretation of that data. All costs associated with the survey will be borne by Seabridge.
The Treaty Creek Project is located in northwest British Columbia, Canada. The property is contiguous with Seabridge’s KSM property, one of the largest undeveloped gold/silver/copper projects in the world. In the Preliminary Feasibility Study dated May 2, 2011, Seabridge proposes to construct twin tunnels crossing the Treaty Creek property from its southern boundary, where it joins the KSM property, to its northern boundary, a distance of approximately 13.5 kilometers. The tunnels would be used in part to transport ore from the mine site to the mill site and tailings pond.
AMERICAN CREEK RESOURCES ANNOUNCES RESULTS FROM MAGNETOTELLURIC SURVEY ON ITS TREATY CREEK PROPERTY
Jan 9, 2012 TSX-V: AMK, OTCBB: ACKRF
American Creek Resources is pleased to announce the results from a Magneto-telluric survey carried out by Quantec Geoscience on its Treaty Creek property in the summer of 2011. The survey was commissioned by Seabridge Gold (SEA: TSX-V) to survey along its proposed tunnel route for engineering purposes. American Creek authorized the survey (PR – May 30, 2011) as the survey will also detect porphyry rich mineralization and/or associated alteration zones to depth.
The proposed tunnel route crosses the Treaty Creek property over a distance of approximately 13 kilometers. A total of 40 (MT) sites were originally proposed to cover the length of the transect, however only sixteen sites were completed in the middle stretch of the tunnel route. The remaining 24 sites have been postponed to 2012.
The survey revealed a large conductive body at depth which extends upward to the surface and can be mapped between MT sites 214 and 216. This area contains gossanous outcrops along with surface mineralization and also includes the previously explored Orpiment zone.
The survey also shows a more prominent feeder extending over 3km from the large conductive body at depth. This feeder is approximately 750m wide and extends to the location of the Copper Belle zone where another large conductive body (less than 200ohm-m) appears on the survey. The north east tip of Copper Belle, a bulk-tonnage type gold-copper-molybdenum porphyry, appears to be located at the north east tip of this lowly resistive anomaly.
Highlights from the 2007 drilling on the Copper Belle zone included intersections of 0.93 g/t gold and 8.78 g/t silver over 76m; 0.76 g/t gold and 4.91 g/t silver over 70.5m; 0.83 g/t gold and 6.39 g/t silver over 46m; and 0.81 g/t gold and 3.8 g/t silver over 65m. Significant intersections from 2009 drilling included 241m of 0.80g/t gold ending in mineralization; 65.3m of 0.84 g/t gold; and 100m of 0.5 g/t gold.
This mineralization found in the Copper Belle drill results appears to coincide with the area of low resistivity found in the MT survey. As can be seen in the diagram above the postponed sites LS 207 – LS 204 will show how far south west this conductive body extends down the West Nunatak once the survey is completed. These MT sites coincide with other mineralized zones identified as the Goat Trail zone, the Konkin zone, the AW zone, and the SW zone. Each of these zones contains strongly anomalous to high-grade gold values on surface. While the Konkin zone has historic high-grades including a trench sample taken in 1987 with 969 g/t gold over 1.2 meters (this appears to be an anomaly associated to a skarn), elevated gold values of 1.0- 5.0 g/t are more typical of surface mineralization along the West Nunatak.
The large conductive body at depth may also be the likely source for the Treaty Gossan (Eureka zone) which extends over 1 square kilometer. This massive gossan sits between MT sites LS 214 and LS 217 and is located 2km to the south of the MT array. The MT survey measures the ground in an inverted cone shape. Therefore the readings at depth cover an area much further to the north and south of the MT array.
American Creek President Allan Burton states “we were pleased that Quantec Geoscience conducted this survey as they are known for their imaging quality and have been used on a number of projects in the area. It is unfortunate that the West Nunatak portion of the survey was postponed given its extensive mineralization on surface and in historical drilling. However, the feeder system shown in the MT survey may help explain why American Creek has had exceptional results on the Copper Belle porphyry.”
“Quantec Geoscience has the technology to greatly improve resolution closer to the surface, which when used in conjunction with the deep MT survey, can help identify targets and focus future drilling on the property. We look forward to using technologies like this to advance our Treaty Creek project as soon as we have resolved legal issues with our option partner.”
AMERICAN CREEK GRANTS PERMISSION TO SEABRIDGE GOLD TO CONDUCT TEST DRILLING ALONG PROPOSED TUNNEL ROUTE AT TREATY CREEK
July 5, 2012 TSXV: AMK
American Creek Resources Ltd. (the “Corporation”) reports that it has granted access to Seabridge Gold (“Seabridge”) (TSX:SEA) (NYSE:SA) to conduct geotechnical drilling this summer on the Treaty Creek Property along the proposed KSM Project Mitchell Teigen Tunnel route.
AMERICAN CREEK RECEIVES NOTICE OF APPLICATION FROM SEABRIDGE GOLD REGARDING THE MITCHELL-TREATY TUNNELS AND REQUESTS TO NEGOTIATE ACCESS RIGHTS THROUGH THE TREATY CREEK PROPERTY
September 17, 2012 TSX-V:AMK
American Creek Resources Ltd. (“American Creek”) (the “Corporation”) is pleased to announce that on late Friday afternoon a letter addressed to both American Creek and Teuton Resources Corp. (“Teuton”) was received from Seabridge Gold (TSX:SEA) (NYSE:SA) (“Seabridge”) in which Seabridge updated the parties on the advancement of its KSM Project and officially notifying American Creek and Teuton that it is proceeding with applications to the British Columbia Ministry of Forests, Lands and Natural Resource Operations branch under the Mineral Tenure Act, Land Act and Mines Act in order to permit and construct the proposed Mitchell-Treaty Tunnels (“MTT”) that will link the KSM mine area to the proposed processing plant and tailings impoundments in the upper North Treaty Creek valley. Seabridge also requested that American Creek and Teuton re-open negotiations in order to come to an agreement on Seabridge obtaining access rights to proceed through the Corporation’s Treaty Creek property.
American Creek has previously, over the last two years, granted Seabridge access to the Treaty Creek property in order to conduct preliminary testing along the proposed MTT route. This pre-construction tunnel assessment included both geophysical surveying and diamond drilling.
The American Creek Board of Directors, along with its legal advisors and geological team, are currently considering all aspects of Seabridge’s applications and related offer to negotiate.
AMERICAN CREEK RESOURCES TO BEGIN NEGOTIATING ACCESS RIGHTS FOR SEABRIDGE’S PROPOSED MITCHELL-TREATY TUNNELS
October 15, 2012
American Creek Resources Ltd. (“American Creek”) (the “Corporation”) is pleased to announce that it has agreed to begin negotiations with Seabridge Gold (TSX:SEA) (NYSE:SA) (“Seabridge”) regarding granting access rights to Seabridge for the proposed Mitchell-Treaty Tunnels (“MTT”) that Seabridge wishes to construct through approximately 16 km of the Corporation’s Treaty Creek property.
Seabridge had requested in a letter (see prior news release dated September 17, 2012) that American Creek come to the table to begin formal negotiations regarding Seabridge’s proposed MTT.
A letter has now been sent from the Corporation to Seabridge outlining the technical information that American Creek would need to assess the MTT impact on the Treaty Creek project and to notify Seabridge that American Creek is willing to begin negotiations.
Seabridge’s proposed MTT would link the KSM mine area to the proposed processing plant and tailings impoundments in the upper North Treaty Creek valley. The tunnels would be used to get utilities and equipment to the mine site as well as to transport the ore to the processing plant. The proposed route of the MTT passes through the heart of American Creek’s Treaty Creek project including intersecting the area hosting the very promising Copper Belle and GR2 deposits.