CARDSTON, ALBERTA--(Marketwired - Dec. 10, 2015) - American Creek Resources Ltd. (TSX VENTURE:AMK) ("American Creek") is pleased to report that the drill program recently completed on the Electrum project in NW British Columbia was successful in revealing extensive, near surface gold and silver mineralized zones that are open at depth and along strike.
The exploration program this fall was focused in an area where past work by American Creek had identified several very high grade gold and silver vein structures. The objective of the program was to gain a better geological understanding of the host. The program successfully tested a new exploration concept.
All eight drill holes encountered mineralization and six holes had significant intersections of gold and silver including:
| Drill Hole |
From (m) |
To (m) |
Interval (m) |
Gold (g/t) |
Silver (g/t) |
| EL15-02 |
9.0 |
10.0 |
1.0 |
1.04 |
78.0 |
| EL15-03 |
16.5 |
17.5 |
1.0 |
6.09 |
242.0 |
| EL15-04 |
32.0 |
33.0 |
1.0 |
6.76 |
38.0 |
| EL15-05 |
28.0 |
29.0 |
1.0 |
1.31 |
189.0 |
| |
35.0 |
36.0 |
1.0 |
6.93 |
62.0 |
| EL15-07 |
13.0 |
14.0 |
1.0 |
14.65 |
22.0 |
| |
14.0 |
15.0 |
1.0 |
6.59 |
461.0 |
| |
35.0 |
36.0 |
1.0 |
3.47 |
58.0 |
| EL15-08 |
1.0 |
2.0 |
1.0 |
1.05 |
89.0 |
| Note: True widths are unknown at this time. |
As part of the fall 2015 exploration program roughly 100 grab specimens were collected to find new mineralized zones suitable for exploration. The specimens will be submitted for gold and silver assay and along with selected drill core samples will be submitted for petrographic analysis.
Next year, exploration work is planned to outline the size, shape and grade of mineralized bodies so that bulk sampling for grade and recovery characteristics can be determined.
Mr. Darren Blaney, COO, stated: "The program conducted this fall has been a great success in that we appear to have now unlocked one of the major hurdles encountered in previous work conducted on the property as we have identified a discernable alteration pattern and mineral sequence. This is a major breakthrough in validating and proving the newly developed geological model and associated exploration concept for the Electrum and we are excited for what this means going forward."
The Electrum Project is 100% owned by American Creek and is located in the "Golden Triangle" approximately 45km north of Stewart, British Columbia, near past operating mines including the Riverside, Scotty Gold, Granduc, Big Missouri and Silbak-Premier. The Electrum is road accessible and is only 45km from recently upgraded concentrate shipping port facilities located in Stewart. Also, a new power line running right up the valley beside the Electrum property is now being constructed by Pretivm Resources and may provide a source of future power. The Electrum encompasses the historic East Gold Mine which has produced extremely high grades of gold, silver and electrum in the past, averaging 1,661 g/t gold and 2,560 g/t silver over 25 years of small-scale hand mining.
The drill core sample preparation and analysis was completed by ALS Global in Vancouver, BC using standard assay procedure.
The Qualified Person for the Electrum exploration program and for this news release is Alex Burton, P. Eng., P. Geo., for the purposes of National Instrument 43-101.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
Information relating to the Corporation is available on its website at www.americancreek.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.