American Creek Reports That JV Partner Tudor Gold Has Produced Numerous Intercepts of High Grade Gold and Silver in Preliminary Drilling on New HC Zone at Treaty Creek

2017-09-15 / @businesswire

 

American Creek Resources Ltd. (TSX-V:AMK) ("American Creek") is pleased to announce that JV partner and operator Tudor Gold Corp. ("Tudor") has encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project located in BC's "Golden Triangle" immediately north of, and in the same hydrothermal system as, Seabridge Gold's KSM project and Pretivm's Brucejack project.

The new HC zone shares geological characteristics similar and unique to the famous Eskay Creek deposit located approximately 12 km to the northwest.

Tudor reported the following:

"The HC mineralized zone of the HC deposit within the GR2 claim block on Tudor Gold Corp.'s 60-per-cent-owned Treaty Creek project, located in the Golden Triangle in British Columbia, hosts a precious-metal-rich, polymetallic, volcanogenic massive sulphide and sulphosalt (VHMS) mineralized system.

Walter Storm, president and chief executive officer, stated: "We are very pleased with the results so far. We were attracted to the Treaty Creek project by the clear potential for extensive mineralized zones on our claims, and the results from the HC zone within the GR2 claim block have exceeded our expectations. We look forward to the completion of a resource estimate on the HC zone and a resource estimate on the Copper Belle project, which is also well under way."

The HC zone appears to be a complete precious-metal-rich VHMS deposit in which the feeder vein system, the vent structures and the sulphides in a restricted sedimentary basin had been intersected. All three zones of the HC deposit carry elevated values of gold. The feeder vein system also carries elevated silver and base metal (lead, zinc and copper) content.

The HC zone shows elevated concentrations of gold, silver and antimony sulphosalts hosted between a pervasively sericite-pyrite-chlorite altered volcaniclastic sequence (bimodal mafic-felsic affinity) and restricted sedimentary basins where mudstones host sulphide mineralization underlying stockwork base metal and precious metal veins. These characteristics are similar and unique to the nearby Eskay Creek deposit. The highest-grade and most continuous precious metal mineralization within the HC zone occurs as an apparent stratabound zone at the contact of the footwall mudstone and the hydrothermally altered volcaniclastic sequence. This is interpreted as being the product of a mineralizing growth-graben fault, proximal to felsic flows, ash tuffs and felsic conglomerates.

During the continuing 2017 season, Tudor Gold has drilled 13 holes in the vicinity of and to the north of the nine holes drilled in 2007 and 11 holes in 2009 by American Creek Resources. Together, these 33 holes have produced consistent geology demonstrating the continuity of the feeder vein system, the vent structure and the sedimentary basin within the area bounded by these holes (assays received up to HC-17-07; awaiting assays on all remaining 2017 holes).

The holes drilled by Tudor Gold and American Creek Resources cover approximately 400 metres along strike and 450 metres down dip at 50-metre space increments in the direction of the main mineralized structure. Historical surface sampling carried out by previous operators to both the north and south of the HC zone indicates that the main mineralized structure extends at least for 3,000 metres along strike. The entire 3,000-metre mineralized structure that hosts the HC zone remains open to the north, south beyond the existing drill holes and down dip.

ASSAY RESULTS:

1. The Feeder Vein System: It is comprised of discordant veins hosted mainly in pervasively sericite-pyrite-chlorite altered volcaniclastic sequence. Two types of veins are recognized: silver dominant Mn-rich carbonates and sulphides (semi-massive yellow to light brown zoned sphalerite, galena, pyrite and minor chalcopyrite can add to >50% of the veins) and gold dominant chalcedonic quartz veins. Textures include those more typical of the epithermal suite (banded, crustiform, breccia/vein).

Table 1. Assay results feeder vein system

Hole ID From
(m) 		To
(m) 		Interval
(m) 		Au
(g/t) 		Ag
(g/t)
HC-17-01 170.35 170.8 0.45 6.4 29.1
HC-17-02 256.65 257.45 0.8 4.53 55.1
and 258.3 259 0.7 6.16 59.4
HC-17-03 395.35 397.3 1.95 10.97 -
including 395.35 395.9 0.55 14.30 -
and 395.9 396.8 0.9 3.48 16.9
and 396.8 397.3 0.5 20.80 548
and 435.3 435.8 0.5 33.80 -
HC-17-04 261.4 261.95 0.55 2.65 234
and 283.1 283.55 0.75 0.21 359
and 283.85 284.9 1.05 0.79 316
HC-17-05 203.05 203.95 0.9 11 13.8
HC-17-07 143.45 147.2 3.75 6.22 -
including 143.45 144 0.55 5.13 30.6
and 145.9 147.2 1.3 13.3 87

True thickness of the different mineralized intervals still to be determined.

2. The Vent Structure: It is comprised of silica flooded and altered mudstone and volcanic conglomerates along with breccias and semi-massive sulphide replacements. Several stages of silica can be recognized cementing and replacing successive events of brecciation. Silica alteration occurs as silicification and chalcedonic silica, usually gray to bluish in color, obliterating previous textures. Pyrite and Sb-sulphosalts are the dominant sulphides as veinlets, stringers and semi-massive replacements. Stibnite, galena, sphalerite and arsenopyrite are also common in veinlets and disseminations.

Table 2. Assay results vent system

Hole ID From
(m) 		To
(m) 		Interval
(m) 		Au
(g/t)
HC-17-01 247.3 247.8 0.5 2.58
and 247.8 248.35 0.55 5.52
HC-17-04 345.4 345.85 0.45 2.03
and 345.85 346.3 0.45 11.1
HC-17-05 203.05 203.95 0.9 11

True thickness of the different mineralized intervals still to be determined.

3. The Sulphides in Sedimentary Basins: Fine grained pyrite and Sb-sulphosalts have been identified as finely laminated sedimentary beds and patchy pyrite/quartz replacements within mudstones/siltstones in the proximity of the venting structures intersected in core, particularly around holes HC-17-01, 04, 05, 08, 10, 11 and 12 (as per visual inspection of the drill core). The mineralization appears to be hosted in the immediate contact of the underlying footwall mudstone unit and the upper altered volcaniclastic sequence.

Table 3. Assay results sulphides in mudstone host.

Hole ID From
(m) 		To
(m) 		Interval
(m) 		Au
(g/t)
HC-17-01 249.35 250.35 1 4.7
and 250.35 251.35 1 10.2
and 251.35 252.35 1 4.59
and 252.35 252.85 0.5 14.6
and 252.85 253.75 0.9 12.6
and 253.75 254.45 0.7 2.13
HC-17-04 346.6 346.95 0.35 5.17
and 346.95 347.35 0.4 8.91
and 347.35 348 0.65 4.42
and 348 348.6 0.6 16.5
and 348.6 349.3 0.7 14.4
and 349.3 350 0.7 5.41
HC-17-05 203.95 205.5 1.55 0.807
and 205.5 207 1.5 0.787
and 207 208.55 1.55 1.98

True thickness of the different mineralized intervals still to be determined.

Darren Blaney, President and CEO of American Creek stated: "This new HC zone northern extension of the GR2 is a bonus that we weren't expecting. We are very encouraged by the remarkably similar characteristics of the HC to the Eskay Creek deposit located to the northwest of us. Although still very preliminary, the drill results thus far have shown great promise for the future discovery potential of this portion of the extensive Treaty Creek property. Three drills are presently turning on the property with the objective being to define a gold resource on both the Copper Belle and GR2 zones."

The Qualified Person for the 2017 Treaty Creek project field season, the geological content of this news release, and for the purposes of National Instrument 43-101 is Raul Sanabria, MSc, P.Geo, EurGeol.

A summary of the Treaty Creek project can be viewed here: http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three "Golden Triangle" gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine group of properties. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. 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.

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