Cardston, Alberta--(Newsfile Corp. - August 23, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to present the fifth set of drill results for Phase l of the 2022 exploration program (the "Program") at their JV flagship property with Tudor Gold, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
Tudor Gold President and CEO Ken Konkin comments "We are extremely pleased with the 5th set of results for the 2022 Treaty Creek drill hole program. Not only do we see continued success in the step-out drilling of the large Goldstorm Deposit and its various domains, but we also see the continuation of hitting high-grades within pulses of gold and silver as a late-stage, over-printed style of mineralization. Notably, much higher silver mineralization is associated with these late-stage features as supported by a 1.5 meter (m) interval within the 300H domain which yielded 24.11 g/t AuEQ (20.40 g/t Au, 311 g/t Ag and 648 ppm Cu) within GS-22-146 as part of a 10.5 m composite that averaged 9.55 g/t AuEQ (8.77 g/t Au, 62.44 g/t Ag and 410 ppm Cu). Similarly, within hole GS-22-147, a 1.10 m intercept yielded 22.79 g/t AuEQ (13.4 g/t Au, 801 g/t Ag and 196 ppm Cu). These two high-grade precious metal intercepts occur deeper within the 300H domain and are 285 m apart from each other. Three of the six reported Goldstorm holes were step-out drill holes that were drilled outside the 2021 Resource Estimate area; the other drill holes were targeted to infill large blocks that represent significant tonnages within the resource model. Within the 300H domain, we continue to recover long intercepts of gold-silver mineralization that contains a core of gold-silver enrichment: GS-22-146 cut 517.5 m of 1.10 g/t AuEQ (1.02 g/t Au, 4.17 g/t Ag, 285 ppm Cu) with an enriched, deeper portion averaging 2.64 g/t AuEQ over 102 m (2.48 g/t Au, 8.88 g/t Ag and 491 ppm Cu). Step-out drill holes into the CS600 domain continue to produce strong copper grades associated with gold-sliver mineralization. GS-22-147 cut 0.41 % Cu over 87.0 m that averaged 1.01 g/t AuEQ (0.45 g/t Au, 6.86 g/t Ag, 0.41 % Cu)."
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation plan for several areas, including the Goldstorm Deposit and the Eureka and Calm Before the Storm Zones. Results included in this press release are reported from twelve diamond drill holes that were drilled on the Eureka Zone (Sections EZ - A, EZ - B, EZ - C) and six diamond drill holes that were drilled on the Goldstorm Deposit (Sections E, F, G, H) At Goldstorm, three out of six holes were drilled partially or completely outside the 2021 Mineral Resource Estimate area (see link: corresponding Treaty Creek plan map and sections).
- GS-22-146 was drilled to target the northwest extension of CS600. The successful CS600 intercept was spaced 125 m down-dip from previous drilling. The hole first drilled through an exceptional intercept of the 300H domain which returned 517.5 m grading 1.10 g/t AuEQ (1.02 g/t Au, 4.17 g/t Ag, 0.03 % Cu) which included a 10.5 m interval of 9.55 g/t AuEQ (8.77 g/t Au, 62.44 g/t Ag, 0.04 % Cu). The CS600 domain intercept reported 24.0 m grading 4.72 g/t AuEQ (4.50 g/t Au, 1.10 g/t Ag, 0.17 % Cu) within 88.5 m grading 2.10 g/t AuEQ (1.85 g/t Au, 2.39 g/t Ag, 0.18 % Cu).
- GS-22-147 was also drilled as a northwest extension of CS600 with the hole landing 125 m from previous drilling, extending the CS600 down-dip. The 300H domain was intercepted prior to reaching the CS600 domain and reported several high-grade intervals, including 22.79 g/t AuEQ (13.4 g/t Au, 801.00 g/t Ag, 2.83 % Cu) over 1.10 m, and 11.25 g/t AuEQ (4.00 g/t Au, 335.00 g/t Ag, 2.83% Cu) over 1.05 m. The CS600 intercept reported 87.0 m grading 1.01 g/t AuEQ (0.45 g/t Au, 6.86 g/t Ag, 0.41 % Cu).
- GS-22-148 was drilled as an infill hole within the 300H domain. The hole successfully intercepted 141.0 m grading 0.97 g/t AuEQ (0.91 g/t Au, 3.37 g/t Ag, 0.02 % Cu).
- GS-22-150 targeted the CS600 along the north-western boundary of the domain to improve the understanding of continuity along the uppermost portion of the domain. The hole intercepted 52.5 m grading 1.09 g/t AuEQ (0.66 g/t Au, 15.91 g/t Ag, 0.21 % Cu) and was spaced 90 m to the southwest from previous drilling.
- GS-22-144 stepped out 175 m to the northwest from the 2021 drilling and targeted the CS600 and DS5 domains which were both successfully intercepted. The CS600 intercept returned 90.0 meters grading 1.35 g/t AuEQ (0.73 g/t Au, 16.3 g/t Ag, 0.36 % Cu) within a broader envelope of 220.5 m grading 1.02 g/t AuEQ (0.62 g/t Au, 11.43 g/t Ag, 0.22 % Cu). Below this, the DS5 intercept reported 258.0 m grading 1.00 g/t AuEQ (0.95 g/t Au, 3.22 g/t Ag, 0.01 % Cu).
A total of twelve diamond drill holes were drilled in the Eureka Zone to identify the potential for mineralization across the zone as well as identify geological controls to improve the understanding of controls for mineralization. Several holes hit favourable mineralized intercepts, including:
- EZ-22-04: 0.50 g/t AuEQ (0.32 g/t Au, 6.01 g/t Ag, 0.09 % Cu) over 81.0 m.
- EZ-22-07: 0.51 g/t AuEQ (0.45 g/t Au, 3.75 g/t Ag, 0.01 % Cu) over 81.0 m.
- EZ-22-08: 0.60 g/t AuEQ (0.50 g/t Au, 4.86 g/t Ag, 0.04 % Cu) over 152.7 m.
- EZ-22-10: 0.54 g/t AuEQ (0.43 g/t Au, 5.43 g/t Ag, 0.04 % Cu) over 135.0 m.
- EZ-22-12: 1.05 g/t AuEQ (0.89 g/t Au, 6.41 g/t Ag, 0.07 % Cu) over 46.0 m.
- EZ-22-13: 0.58 g/t AuEQ (0.49 g/t Au, 4.78 g/t Ag, 0.03 % Cu) over 142.05 m.
Table 1: Drilling Results for Eureka Zone and Goldstorm Deposit in Press Release August 23, 2022
|Section||Hole||From (m)||To (m)||Interval (m)||Au (g/t)||Ag (g/t)||Cu (ppm)||AuEQ (g/t)|
|n/a||EZ-22-02||No significant values|
|n/a||EZ-22-03||No significant values|
|EZ - C||EZ-22-04||92.00||108.50||16.50||0.25||9.19||3567||0.78|
|EZ - C||EZ-22-05||51.50||149.00||97.50||0.28||5.29||151||0.36|
|EZ - C||EZ-22-06||63.15||206.00||142.85||0.30||5.09||159||0.38|
|EZ - C||EZ-22-07||8.00||89.00||81.00||0.45||3.75||144||0.51|
|EZ - A||EZ-22-08||26.30||179.00||152.70||0.50||4.86||402||0.60|
|n/a||EZ-22-09||No significant values|
|EZ - A||EZ-22-10||21.50||156.50||135.00||0.43||5.34||358||0.54|
|n/a||EZ-22-11||No significant values|
|EZ - C||EZ-22-12||36.00||82.00||46.00||0.89||6.41||697||1.05|
|EZ - B||EZ-22-13||26.90||168.95||142.05||0.49||4.78||303||0.58|
|GS-22-149||Hole failed to reach target. Not sampled.|
|(1) Hole GS-22-149 stopped short of intended target depth and was not sampled.|
Table 2: Drill data for holes in Press Release August 23, 2022
|Section||Hole ID||UTM E NAD 83||UTM N NAD 83||Elevation (m)||Azi (ᵒ)||Dip (ᵒ)||Depth (m)|
|EZ - C||EZ-22-04||429885.63||6272276.15||1380.95||130||-90||264|
|EZ - C||EZ-22-05||429885.67||6272276.22||1380.92||130||-50||149|
|EZ - C||EZ-22-06||429886.38||6272275.57||1380.85||130||-55||254|
|EZ - C||EZ-22-07||429849.87||6272367.41||1357.83||130||-90||275|
|EZ - A||EZ-22-08||429776.44||6272172.80||1376.43||130||-90||182|
|EZ - A||EZ-22-10||429776.44||6272172.80||1376.43||270||-55||156.5|
|EZ - C||EZ-22-12||429708.00||6272443.00||1292.00||130||-90||201|
|EZ - B||EZ-22-13||429765.72||6272306.05||1345.64||315||-80||189|
Darren Blaney, President, and CEO of American Creek commented, "We are very pleased to announce the 5th set of drill results from the world class Treaty Creek joint venture. Today's announcement is highlighted by GS-22-146. 102 Meters of 2.64 g/t AuEq is simply outstanding. The results today also show more of the high-grade potential the property has as our operating partner Tudor Gold continues to narrow in on the fantastic high-grade assay results. We now have 3 drill holes released with intercepts in excess of 20 g/t AuEq.
The potential of Treaty Creek continues to be outstanding with blue sky all around. Results from the Eureka zone look very promising and the Goldstorm continues to hit massive intercepts in aggressive step out and infill holes. We look forward to the continued success and future results."
The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold's President and CEO, Ken Konkin, P.Geo. Mr. Konkin heads the exploration being conducted at the Treaty Creek Joint Venture Project. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
Diamond drill core samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and assayed at MSA Labs' Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.
Treaty Creek JV Partnership
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have "free rides".
About American Creek
American Creek is a Canadian junior mineral exploration company with gold and silver properties in British Columbia, Canada.
The Corporation has an interest in the Treaty Creek property, a joint venture project with Tudor Gold located in BC's prolific "Golden Triangle".
The Corporation also holds the Austruck-Bonanza gold property located near Kamloops.
For further information please contact Kelvin Burton at:
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.
Cautionary Statements regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Corporation expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Corporation's planned exploration activities will be completed in a timely manner. Although the assumptions made by the Corporation in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators.
Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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