Treaty Creek A World Class Gold Deposit
27.3M Oz Gold Equivalent Discovery in BC’s Golden Triangle
Message: American Creek's JV Partner Tudor Gold Increases Exploration Efforts with Eight Drills at Their Flagship Treaty Creek Property in BC's Golden Triangle
American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") is pleased to announce their JV partner Tudor Gold's exploration efforts have doubled for Phase l of the 2022 exploration program (the "Program") at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. The fully funded Program consists of a 30,000 metre (m) diamond drilling campaign that has been developed to systematically test the extension of the Goldstorm Deposit well beyond the limits that were outlined in the 2021 Mineral Resource Estimate (American Creek press release dated March 9, 2021: reported a Measured and Indicated Mineral Resource of 19.41 million ounces of AuEq grading 0.74 g/t AuEq and an Inferred Mineral Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq). In addition, exploration diamond drilling will focus on the Calm Before the Storm (CBS) and the Eureka zones (EZ or Eureka).
During the past two weeks, Tudor's crews have mobilized four more drill rigs to the site from the winter route via the Brucejack Access Road. Our drill contractors now have eight drill rigs working on three targets. Six drill rigs have commenced drilling the northern aspects of the Goldstorm Deposit as step-out exploration holes. One rig has been drilling at CBS as follow-up on last year's newly discovered gold-silver system, located 2.5 kilometres northeast of the Goldstorm Deposit. Additionally, crews have begun drilling the Eureka Zone located 800 meters southeast of the Goldstorm Deposit (Figure 1).
Ken Konkin, President and CEO, comments, "The start-up of 2022 exploration campaign has been a huge success. We are well ahead of schedule starting the step-out exploration drill holes in the northern aspects to the Goldstorm Deposit as well as initiating drill programs at CBS and Eureka. Additionally, we plan to complete a high-resolution aeromagnetic survey over our Treaty Creek and Crown claims with Terraquest Geophysics. A total of 1,600-line kilometres are expected to be flown during the next few days. This will serve as a vital mapping tool to aid continued exploration efforts throughout both properties. In addition to exploration, Tudor plans to construct an exploration access road that will connect our Lower Camp to our weather station area located 3.5 kilometers east of that camp. This route will eventually tie into the permitted access road that Seabridge Gold (Seabridge) is currently constructing from the Highway 37 junction at Glacier Creek. This will provide an all-weather road access to our project once completed. Seabridge has already completed the bridge construction for the Bell Irving River crossing at Glacier Creek.
"Our engagement efforts with local First Nations continue to develop. We have initiated contact with Nisga'a First Nations, and we have pledged follow-up meetings to ensure clear communication as the project evolves. Earlier in the year, Tudors' geologists and geotechicians held an informal Core Processing Workshop as an Open-Invite for the Tahltan community members in Dease Lake. It was a successful three-day session that included geotechnical procedures, QA/QC protocols as well core sampling and shipping procedures. We plan to continue to host these workshops in communities interested in gaining employment in the exploration sector. For many of those who attended, this was an excellent introduction to one small aspect of exploration. We are committed to include all First Nations including Tahltan, Skii Km Lax Ha and Nisga'a as part of our engagement process and we will continue to encourage participation with our future workshops to provide employment opportunities and public awareness to our industry sector."
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The Qualified Person for Tudor's news release for the purposes of National Instrument 43-101 is Tudor's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for their disclosure contained in their news release.
The Qualified Person for this news release is James A. McCrea, P. Geo., for the purposes of National Instrument 43-101. While American Creek has not independently confirmed Tudor's information, Mr. McCrea has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
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/Walter Storm located in BC's prolific "Golden Triangle".
The Corporation also holds the Austruck-Bonanza gold property located near Kamloops.
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