Drill Hole GS-20-73 Expands the 300 Horizon with a 229.5 Meter Intercept Averaging 1.506 Gpt AuEq Within a 775.5 Meter Interval Averaging 0.932 Gpt AuEq.
Drill Hole GS-20-66 Expands the CS-600 System 100 Metres to the Southeast with a 75 Meter Intercept Averaging 2.150 Gpt AuEq.
Cardston, Alberta--(Newsfile Corp. - September 9, 2020) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") is pleased to report that its JV partner Tudor Gold Corp announced today that it has completed the third set of diamond drill holes at our JV flagship property, Treaty Creek located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling is progressing very well with six diamond drill rigs currently working on the Goldstorm Zone which is on-trend from Seabridges' KSM Project to the southwest.
Three drill holes have intersected the newly discovered gold-dominant PSZ System located approximately 2 kilometers southwest of the Goldstorm Zone. These diamond drill holes targeted a 1.5 kilometer-wide geophysical anomaly (magnetometer high). Tudor Gold has discovered this new thrust-hosted porphyry-style gold-copper-silver bearing system on trend, and approximately 4 km northeast from Seabridges' Iron Cap Deposit, which is located at the southwestern boundary of the Tudor Claim block.
Furthermore, diamond drilling on the Goldstorm System has successfully expanded the mineralization to the northeast, southwest and southeast as well to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis.
Goldstorm Drilling Highlights include:
Tudor Gold's Vice President of Project Development, Ken Konkin, P.Geo., states: "We are very pleased to have intersected significant gold-copper-silver porphyry-related mineralization within a large magnetic anomaly called Perfectstorm (PSZ). This magnetic anomaly is located along a relatively evenly spaced frequency of large deposits following the Treaty-Sulphuretes Thrust Fault, approximately mid-way between the Iron Cap Deposit to the southwest and our Goldstorm System to the northeast. Results obtained from PS-20-01 and PS-20-02 on Section 89+00 NE demonstrate the consistency within these two drill holes completed off the same drill pad. PS-20-01 intersected 0.594 gpt AuEq over 133.5 meters while PS-20-02 intersected 151 meters of 0.621 gpt AuEq. The third PSZ System drill hole was a 300 meter step-out to the southwest and this hole (PS-20-03) intersected 220.5 meters of 0.402 gpt AuEq on Section 86+00 NE. The results suggest that the system is open to expansion to the southwest and to the northwest. The exploration target area is at least 1.5 kilometers long and 500-800 meters wide. We are very excited to see the results confirming that large mineralized polymetallic systems occur at a predictable frequency along the Sulphuretes-Treaty Thrust Fault belt. We are planning an aggressive diamond drill-hole program for 2021 to further expand the limits of the PSZ System's potential mineralization, searching for the center of the metal pile as we have successfully done with the Goldstorm System."
The two tables below provide the complete list of composite results from the eight drill holes reported, as well as the drill hole data including hole location, elevation, depth, dip and azimuth. Perfectstorm Sections 86+00 NE and 89+00 NE with Goldstorm Sections 109+00 NE, 110+00 NE and 114+00 NE are attached below along with corresponding plan maps (also available on the Company's website).
Table l Gold equivalent composite values from five Goldstorm Zone holes and three PSZ drill holes.
Section | HOLE | Horizon | From | To | Interval (m) | Au (gpt) | Ag (gpt) | Cu (ppm) | AuEq (gpt) |
109+00 NE | GS-20-66 | 300H+CS600 | 6.0 | 529.5 | 523.5 | 0.673 | 1.86 | 425 | 0.758 |
109+00 NE | GS-20-66 | including 300H | 7.5 | 156.5 | 149.0 | 0.941 | 3.29 | 190 | 1.008 |
109+00 NE | GS-20-66 | including CS-600 | 454.5 | 529.5 | 75.0 | 2.075 | 1.87 | 352 | 2.150 |
109+00 NE | GS-20-68 | 300 | 4.85 | 798.0 | 793.15 | 0.521 | 1.73 | 127 | 0.561 |
109+00 NE | GS-20-68 | including 300H | 4.85 | 62.0 | 57.15 | 1.026 | 1.11 | 60 | 1.048 |
109+00 NE | GS-20-68 | & including 300H | 221.0 | 536.0 | 315.0 | 0.744 | 1.82 | 135 | 0.785 |
109+00 NE | GS-20-72 | 300H | 4.5 | 730.5 | 726.0 | 0.475 | 1.53 | 97 | 0.507 |
110+00 NE | GS-20-73 | 330H | 29.0 | 804.5 | 775.5 | 0.842 | 5.47 | 160 | 0.932 |
110+00 NE | GS-20-73 | or 330H | 29.0 | 978.5 | 949.5 | 0.749 | 4.67 | 152 | 0.828 |
110+00 NE | GS-20-73 | including | 29.0 | 80.0 | 51.0 | 1.276 | 6.52 | 168 | 1.379 |
110+00 NE | GS-20-73 | & including | 519.5 | 749.0 | 229.5 | 1.338 | 11.94 | 170 | 1.506 |
114+00 NE | GS-20-67 | 300H | 62.0 | 68.0 | 6.0 | 1.799 | 0.88 | 100 | 1.824 |
114+00 NE | GS-20-67 | and 300H | 126.5 | 908.0 | 781.5 | 0.486 | 2.99 | 238 | 0.557 |
114+00 NE | GS-20-67 | including 300H | 321.5 | 591.5 | 270.0 | 0.618 | 5.20 | 492 | 0.754 |
114+00 NE | GS-20-67 | and 300 | 1325.0 | 1340.0 | 15.0 | 0.860 | 1.64 | 175 | 0.905 |
89+00 NE | PS-20-01 | Main | 240.0 | 373.5 | 133.5 | 0.483 | 2.75 | 527 | 0.594 |
89+00 NE | PS-20-01 | including | 240.0 | 320.5 | 80.5 | 0.573 | 4.11 | 775 | 0.737 |
89+00 NE | PS-20-02 | Main | 265.5 | 416.5 | 151.0 | 0.514 | 3.16 | 469 | 0.621 |
89+00 NE | PS-20-02 | including | 300.5 | 350 | 49.5 | 0.781 | 6.71 | 648 | 0.957 |
86+00 NE | PS-20-03 | Main | 152.0 | 372.5 | 220.5 | 0.293 | 1.78 | 591 | 0.402 |
86+00 NE | PS-20-03 | including Upper | 152.0 | 171.5 | 19.5 | 0.885 | 0.82 | 160 | 0.919 |
86+00 NE | PS-20-03 | including Lower | 348.5 | 371 | 22.5 | 0.846 | 3.73 | 340 | 0.942 |
Table lI Drill Hole Data
To view an enhanced version of Table II, please visit:
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Walter Storm, President and CEO, stated: "We are delighted to see continued success from the Treaty Creek drill program. Not only are we getting excellent results from all the drill holes completed this year, we have also discovered a new mineralized system at Perfectstorm. This demonstrates the remarkable potential that our flagship property holds. However, we must now focus all our exploration efforts on completing the drilling at Goldstorm. We intend to continue our 150 meter step-outs to the northeast on Section 115+50 NE as well as expand the drilling to the southeast and northwest along Sections 110+00 NE, 111+00 NE, 112+50 NE and 114+00 NE. The Goldstorm System remains open in all directions and at depth."
Tudor Gold Corp and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those who are at the project site and staging site, we have strict daily monitoring of the workers' temperatures and general health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.
QA/QC
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.
Qualified Person
The Qualified Person for Tudor's news release for the purposes of National Instrument 43-101 is Tudors Vice President Project Development, 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 Tudors 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".
Treaty Creek Background
The Treaty Creek Project lies in the same hydrothermal system as Pretium's Brucejack mine and Seabridge's KSM deposits with far better logistics.
Sulphurets Hydrothermal System
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About American Creek
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific "Golden Triangle"; the Treaty Creek JV with Tudor Gold/Walter Storm, the D-1 McBride, and the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
See additional images of drill locations in this press release at www.americancreek.com.
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.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Corporation's management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Corporation's profile on www.sedar.com. The Corporation does not assume any obligation to update any forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63476