Exploring B.C.'s prolific Golden Triangle
Recent drill program intersected 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth
- Intersected various mineralized zones
- Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
- Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
OTHER RECENT HIGHLIGHTS
- Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
- Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
- Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed
- Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
- Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More
- Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters
- Included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold
- Also included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters of 0.965 g/t gold
- Reports That JV Drill Program is Well on Its Way to Defining a Gold Resource
WHY AMERICAN CREEK RESOURCES?
- American Creek currently holds the strongest portfolio of properties since the company’s formation in 2004
- Two properties are joint ventured with Tudor Gold (Walter Storm who funded Osisko Gold’s Malartic mine in Quebec).
- Projects have rich mining histories with tremendous potential in a politically stable jurisdiction.
- Many of the projects have past small-scale or commercial production, others are adjacent to past producing or soon to be producing mines.
- American Creek shareholders are positioned to benefit with the advancement of several unique projects at various stages of development
The Treaty Creek property is located in the richest part of B.C.’s Golden Triangle “extending from near the town of Stewart north to the Treaty glacier” – Kyba, Nelson 2014 (regional government geologists)
The geology, geophysics, and exploration on Treaty Creek indicate potential for world class deposits.
Relationship to adjoining Pretivm and Seabridge Gold claims (Snowfield / Brucejack / VOK / KSM):
60% Tudor Gold / 20% American Creek / 20% Teuton (AMK has a fully carried interest until production notice is given)
The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge deposits. The Treaty Creek geology and geophysics are indicating the potential for similar scale deposits to those found immediately to the south.
Confirm mineralization extending towards Iron Cap deposit
Dunwell Mine Group
The Dunwell Mine group of properties are located in the richest part of B.C.’s Golden Triangle “extending from near the town of Stewart north to the Treaty glacier” – Kyba, Nelson 2014 (regional government geologists)
- The Dunwell Mine group of properties lie in a very rich band of mineralization known as the Portland Canal Fissure Zone. This zone is heavily faulted (in red above) and hosts numerous historical producing sites including the Dunwell Mine. The mine is located between IDM’s Red Mountain (moving towards production) and Ascot’s Premier mine (moving towards production).
- The Dunwell mine produced 45,657 tonnes averaging 6.63 g/t gold, 223.91 g/t silver, 1.83 per cent lead, 4.01 per cent zinc and 0.056 per cent copper (gold equivalent of 13.3 g/t gold).
- Potential exists to develop more reserves of similar grade, along strike to the present workings and at depth below the No. 4 level. Drilling in 2010 indicated a zone at least 300 metres wide and 200 metres along dip with a true thickness of 6-7 metres.
- In addition to the past-producing Dunwell, the property package has eight additional areas with past high grade production.
4,500 tons at 21.6 g/t gold
60 tons at 4.7 g/t gold, 2,734 g/t silver, and 11.5% lead
11 tons at 20.15 g/t gold, 775 g/t silver, 25% lead
8.2 tons at 124.4 g/t gold and 4,478.8 g/t silver
12 tons at 13 g/t gold and 3,250 g/t silver, 23.3% lead
- 8km to shipping ports in Stewart
- Highway 37a and power lines running through the property
- Low elevation with easy access
- Work towards a feasibility study to reopen the mine
- 100% American creek
- The Gold hill Property is believed to be the principle source of gold for what became Canada’s fourth largest placer deposit - the Wild Horse River Gold Rush starting in 1864.
- The Wild Horse is considered to be one of the greatest gold rivers in the entire province of B.C. with over 48 tons mined – over $2 billion in today’s prices (it is believed that a far greater amount was mined and never accounted for).
- The gold in the Wild Horse was concentrated over a six kilometer stretch starting at the confluence of Boulder Creek. Gold Hill spans 835 hectares and encompasses the majority of the Boulder Creek watershed including the areas believed to be some of the principal originating sources of the gold.
- The property has two main areas of significance which appear to be on-strike and related to each other, and may in fact be two exposed parts of the same very large continuous mineralized zone. Limited small-scale production of gold and silver occurred from six adits found in two areas located 1.5 km from each other on opposite sides of the Boulder Creek valley.
Historic high grades of ore are noted from numerous vein systems:
- 12m averaging 12.4 g/t au, 15 g/t Ag, 2.13% Pb
- 6.7 m averaging 75 g/t Au, 67.5 g/t Ag, 6.1% Pb
- 13.4 ounce per tonne specimen of gold
- 442 g/t Au, 1660 g/t Ag specimen
2016 Exploration Highlights
- Initial mapping and geochemical sampling
- Discovery of three new vein systems
- Specimens grading up to to 22.32 g/t Au on one side & up to 25 g/t Au, 498.9 g/t Ag on the other
- 18 km from Fort Steele / highway
- 8 km from power
- Maintained roads onto property
- 100% American Creek
The Electrum property is located in the richest part of B.C.’s Golden Triangle “extending from near the town of Stewart north to the Treaty glacier” – Kyba, Nelson 2014 (regional government geologists)
- The Electrum property has the same base geology as Pretivm’s Brucejack mine (20km north) and Ascot’s Premier mine (25km south) with minimal exploration to date. All three deposits are low sulphidation epithermal systems with high grade electrum (a gold / silver alloy) in quartz veins, within the rich Hazelton bedrock formation. The Electrum property is particularly rich in silver.
- The Electrum Property has a rich history with some of the highest grade ore hand-mined in North America (average grades of 1,661 g/t gold and 2,596 grams g/t silver). Drill intercepts have graded up to 440 g/t gold with 400 g/t silver over 0.52m while surface samples have graded up to 1,926 g/t gold with 37,955 g/t silver.
- Mineralization on surface is extensive over a one square kilometer area; in particular a 400m x 600m area of highly oxidized gossans.
2016 Exploration Highlights
- 5mx15m trench, twelve samples averaging 3,461.9 g/t silver and 2.24 g/t gold.
- Mini Bulk Sample: Four tonnes averaging 539 g/t silver, 2.82 g/t gold, 1.96% lead and 1.97% zinc.
- Existing mining haul road directly to ports in Stewart (40km)
- Power within 2km
- 60% Tudor Gold, 40% American Creek
- Standard JV agreement
- Development into a high grade mine through existing partnership