American Creek Intersects Strong Gold-Copper Porphyry Mineralization Returning 1.82 g/t AuEQ over 114.0 M Within 592.5 M of 1.16 g/t AuEQ
posted on
Nov 01, 2022 08:19AM
Indicated Mineral Resource of 23.37 Million Ounces of Gold Equivalent
American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) ("the Corporation" or "American Creek") is pleased to present the eighth set of drill results for the 2022 exploration program (the "Program") from operator Tudor Gold at their flagship Treaty Creek property, located in the heart of the Golden Triangle of Northwestern British Columbia.
Ken Konkin, Tudor Gold President and CEO, comments: "Our entire team is very pleased to see the continued success of the exploration program in the northern-most limits of the Goldstorm Deposit within domain CS600. We continue to intersect pulses of very strong gold and copper mineralization with 1.82 g/t AuEQ (1.04 g/t Au, 5.17 g/t Ag and 0.61% Cu) over a 114-metre (m) intercept. Precious and base metal values were equally impressive over double this same intercept averaging 1.50 g/t AuEQ over 235.5 m in hole GS-22-158 and values were comparable to the hole above this, GS-22-151-W1 with 1.27 G/T AuEQ over 300 m (October 4, 2022 PR). GS-22-158 successfully undercut GS-22-151-W1 by approximately 100-150 m and ended in strong copper-gold mineralization as did GS-22-151-W1. In-fill drilling successfully added confidence with our resource model as GS-22-156 intersected 1.0 g/t AuEQ over 294 m within the 300H domain. This intercept was punctuated by a high-grade gold intercept of 28.7 g/t Au and 16.2 g/t Ag (28.9 AuEQ) over 1.5 m near the bottom of the composite.
In addition to increasing our deposit foot-print northwards, we were also successful in expanding mineralization to the southwest with a 100 m step-out drill hole CB-22-01 which intersected significant near-surface gold values over 168 m that averaged 0.68 g/t AuEQ. This hole was drilled well outside the area of the 2021 initial resource model for the Goldstorm Deposit demonstrating that mineralization remains open in all directions and to depth. Crews will be wrapping up the exploration program this week and will be collecting several new composites for metallurgical tests with samples for petrographic and ore microscopy studies from our Stewart-based core facility. Our drills have been de-mobilized and both upper and lower camps have been shut down. We have several drill holes awaiting results from the lab and we will announce these results shortly after we receive them."
Darren Blaney, President, and CEO of American Creek, commented: "We are very pleased to announce the 8th set of results from this year's drill program. The magnitude of the grades that have come from this year's drilling will be prolific when it comes time to update the resource estimate. The intersections released today are another remarkable stepping stone in the story of Treaty Creek. We would like to commend the efforts of our partner Tudor Gold for their continued dedication to the project through the current challenging market conditions."
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 five diamond drill holes that were drilled on the Goldstorm Deposit, Copper Belle Deposit, and Konkin Zones (Sections K, L, 98+50 NE and 94+50 NE). At Goldstorm, one out of two holes were drilled partially or completely outside the 2021 NI 43-101 Mineral Resource Estimate area (see link: corresponding Treaty Creek plan map and sections).
GOLDSTORM DEPOSIT
SECTION K
SECTION L
COPPER BELLE DEPOSIT
SECTION 98+50 NE
KONKIN ZONE
SECTION 94+50 NE
Table 1: Drilling Results for Goldstorm, Copper Belle, and Konkin Zone in Press Release November 1, 2022
Section | Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | AuEQ (g/t) |
94+50 NE | KZ-22-01 | 90.50 | 96.50 | 6.00 | 2.29 | 4.14 | 103 | 2.35 |
And | 164.00 | 210.50 | 46.50 | 0.51 | 1.36 | 69 | 0.53 | |
And | 306.50 | 315.50 | 9.00 | 3.54 | 5.32 | 32 | 3.60 | |
98+50 NE | CB-22-01 | 21.00 | 189.00 | 168.00 | 0.65 | 1.97 | 62 | 0.68 |
Including | 21.00 | 96.00 | 75.00 | 0.70 | 2.25 | 68 | 0.74 | |
And including | 118.50 | 123.00 | 4.50 | 4.31 | 10.78 | 26 | 4.44 | |
And including | 147.00 | 189.00 | 42.00 | 0.70 | 2.03 | 13 | 0.72 | |
98+50 NE | CB-22-02 | 322.50 | 361.50 | 39.00 | 0.62 | 0.72 | 178 | 0.65 |
And | 351.00 | 360.00 | 9.00 | 1.27 | 1.24 | 193 | 1.31 | |
K | GS-22-156 (300H) | 253.50 | 547.50 | 294.00 | 0.92 | 4.38 | 214 | 1.00 |
Including | 526.50 | 540.00 | 13.50 | 4.99 | 5.17 | 873 | 5.16 | |
Or | 526.50 | 528.00 | 1.50 | 28.70 | 16.20 | 46 | 28.90 | |
And | 622.50 | 660.00 | 37.50 | 0.74 | 6.72 | 1192 | 0.95 | |
And | 702.00 | 716.00 | 14.00 | 1.23 | 2.73 | 105 | 1.28 | |
L | GS-22-158 (CS600) | 793.50 | 1386.00 | 592.50 | 0.73 | 3.17 | 3369 | 1.16 |
Including | 867.00 | 945.00 | 78.00 | 1.01 | 5.37 | 3606 | 1.50 | |
And | 1110.00 | 1345.50 | 235.50 | 0.87 | 3.98 | 4887 | 1.50 | |
Or | 1219.50 | 1333.50 | 114.00 | 1.04 | 5.17 | 6090 | 1.82 | |
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Table 2: Drill data for holes in Press Release November 1, 2022
Section | Hole ID | UTM E NAD 83 | UTM N NAD 83 | Elevation (m) | Azi (ᵒ) | Dip (ᵒ) | Depth (m) |
94+50 NE | KZ-22-01 | 427280.30 | 6271718.71 | 1748.25 | 101 | -65 | 672.2 |
98+50 NE | CB-22-01 | 427665.60 | 6271972.16 | 1558.14 | 120 | -60 | 720 |
98+50 NE | CB-22-01 | 427663.13 | 6271974.86 | 1558.25 | 300 | -60 | 810 |
K | GS-22-156 | 428429.03 | 6272984.18 | 1373.36 | 330 | -55 | 716 |
L | GS-22-158 | 428925.03 | 6273439.09 | 1397.48 | 320 | -66 | 1386 |
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
QA/QC
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
American Creek is a proud partner in the Treaty Creek Project. The 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:
Phone: 403 752-4040 or Email: [email protected].