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Image of Treaty Creek’s
West Nunutak in the foreground and
Seabridge Gold’s KSM-Iron Cap in the background

February 19, 2009 TSX-V: AMK



Raymond, Alberta… American Creek Resources Ltd. (the “Corporation”) today reported that the Preliminary Economic Assessment (the “Report”) released January 8, 2009 by Seabridge Gold Inc. (“Seabridge”) (TSX: SEA) indicates that Seabridge proposes to construct a 21.5 km underground tunnel to transport ore by conveyor from its KSM deposit to a mill and tailings pond to be constructed northeast of American Creek’s Treaty Creek Project located in northern British Columbia. American Creek reports that approximately 13 km of the proposed tunnel extends through the heart of its property, intersecting multiple mineralized zones.

 

Seabridge has recently initiated informal discussions regarding access. The Corporation confirms that Seabridge currently has no legal interest in the Treaty Creek claims and that American Creek has not granted Seabridge access to tunnel through the claims. The Corporation further confirms that access would be granted only on terms maximizing value to American Creek’s shareholders including compensation for the full value of the mineral deposits located within the proposed tunnel route.

 

The Treaty Creek Project is located directly north of and adjacent to the KSM project held by Seabridge and appears to form part of the same highly mineralized trend line. The KSM deposits contain a resource of over 34 million ounces gold and over 8 billion pounds copper making it one of the largest undeveloped gold/copper deposits in the world.

 

American Creek has completed 5,470 meters of drilling on the Treaty Creek Project. Exploration to date has focused on two main zones: the Copper Belle and the GR2. These promising new discoveries are both located within the proposed tunnel area.

 

Copper Belle Zone

 

The Copper Belle zone is characterized by a gold-molybdenum porphyry style of mineralization. Grab and chip sample highlights include 11.3 g/t gold with 60.0 g/t silver; 4.8 g/t gold with 1,670 g/t silver and 2.75% copper; 3.2 g/t gold with 257.0 g/t silver along with 3.07% copper; and 2.3 g/t gold with 629.0 g/t silver and 4.1% copper.

 

Drill intersection highlights include a 76.07 meter intersection of 0.93 g/t gold along with 8.78 g/t silver; a 46.23 meter intersection of 0.83 g/t gold along with 6.39 g/t silver; a 17.00 meter interval of 4.33 g/t gold with 2.00 g/t silver, a 65.00 meter interval of 0.81 g/t gold with 3.80 g/t silver, and a 30.18 meter interval with 1.32 g/t gold and 5.93 g/t silver. Additional significant intervals are as follows:
 

 

 

COPPER BELLE DRILL HIGHLIGHTS

 

 

 

 

 

 

HOLE

From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

TC07-07

2.44

48.76

46.23

0.83

6.39

TC07-07

65

81

16

0.66

0.23

TC07-09

2.44

80

77.56

0.79

2.8

including

2.44

41

38.56

1.17

4.4

TC07-11

2.43

73

70.57

0.76

4.91

including

2.43

18.5

16.07

1.61

13.34

TC07-11

113

130

17

4.33

2

including

113

115

2

22.6

5.8

TC07-11

213

220.5

7.5

1.12

36.35

TC07-13

4

43

39

0.72

3.26

TC07-15

2.43

72.5

70.07

0.66

6.31

including

9.5

18

8.5

1.58

27.43

and

60

64.2

4.2

1.61

25.58

TC07-17

1.82

32

30.18

1.32

5.93

including

8

14

6

2.91

19.7

TC07-17

52

71

19

1.24

15.14

including

64.5

71

6.5

2.93

42.52

TC07-19

2.43

78.5

76.07

0.93

8.78

including

10

14

4

1.49

49.35

and

60

68

8

3.23

45.48

TC07-21

2.43

43.5

41.07

1.11

5.88

including

2.43

24

21.57

1.67

9.8

TC07-21

127

171

44

0.82

1.5

including

147

151

4

1.5

3.1

TC07-21

191

233

42

0.49

1.3

TC07-21

295

309

14

0.5

0.8

TC07-21

363

379

16

0.51

1.8

TC07-21

467

469

2

4.65

6

TC07-23

5

70

65

0.81

3.8

including

25

46

21

1.21

8.39

and

30

34

4

1.64

27.89

TC07-23

140

212.75

72.75

0.72

20.83

including

140

153

13

1.73

103.51

TC07-23

233

267

34

0.49

7.88

including

233

235

2

3.8

123

TC07-30

3.04

48.5

45.46

0.81

18.7

including

23

24.75

1.75

1.29

70.17

including

46.5

48.5

2

2.75

104.3

 

 

 


GR2 Zone

 

The GR2 zone has a Volcanogenic Massive Sulphide (VMS) style of mineralization, with similar characteristics to the Eskay Creek deposit located 30 kilometers to the northwest.
 

 

Drill intersection highlights include 6.80 meters of 1.40 g/t gold with 93.95 g/t silver, 0.27% copper, 4.41% lead and 2.59% zinc as well as a 1.27 meter interval of 0.63 g/t gold with 340.0 g/t silver, 0.10% copper, 4.61% lead and 4.26% zinc. Additional significant intercepts are presented below:
 

 

GR2 DRILL HIGHLIGHTS

 

 

 

 

 

 

 

 

 

 

 

HOLE

From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

Cu %

Zn %

Pb %

As ppm

Sb ppm

TC0724

208.7

215.5

6.8

1.394

93.957

0.271

2.593

4.417

 

 

including

211.7

213.5

1.8

4.04

204

0.5715

5.08

9.66

1140

285

TC0726

51.5

56

4.5

0.873

201.8

 

 

 

 

 

TC0726

178

178.5

0.5

2.03

170

0.04

4.2

5.9

1545

330

TC0726

184

200

16

0.955

 

 

 

 

 

 

TC0714

32

34

2

1.61

5.3

0.0144

0.0112

0.0028

4870

120

TC0714

34

34.5

0.5

3.08

122

0.3809

1.41

0.5758

9740

1605

TC0714

47.5

48.5

1

0.22

664

0.2963

0.5463

4.13

920

1695

TC0714

107.5

108

0.5

0.29

180

0.0598

1.66

6.82

1135

490

TC0714

158

158.6

0.6

0.17

94.5

1.006

2.9

2.92

265

1650

TC0712

33

33.5

0.5

2.54

87.2

0.2709

0.8445

0.5626

4520

620

TC0712

172.38

173.65

1.27

0.63

340

0.1002

4.26

4.61

825

665

TC0712

174.45

179

4.55

3.899

 

 

 

 

 

 

including

174.45

176

1.55

9.6

2.4

0.0111

0.0051

0.0048

6805

110

and

176

178

2

0.97

0.3

0.0103

0.008

0.0026

645

30

TC0718

34.58

35.08

0.5

0.17

44.1

0.0269

3.63

1.61

670

145

TC0718

56.15

56.65

0.5

1.59

60

0.0118

0.0599

4.43

2880

175

TC0718

84

85

1

3.01

16.5

0.1918

0.1002

0.119

2545

110

TC0718

105.3

106

0.7

4.55

34.2

0.0967

0.3544

0.1218

4385

380

TC0720

117

118

1

3.41

3.8

0.0247

0.0225

0.0296

7290

260

TC0716

177

189

12

1.37

 

 

 

 

 

 

TC0727

172

177

5

1.68

30.98

 

 

 

 

 

TC0727

179

183

4

1.95

4.2

 

 

 

 

 

 

 


In March, 2007, American Creek Resources entered into an option agreement with Teuton Resources Corp. (TSX-V: TUO) for the controlling interest in the Treaty Creek property. American Creek was granted the right to earn a 51% interest by spending $5 million on exploration over a period of three years. The Corporation is currently ahead of schedule, having spent approximately $4.15 million to date. The remaining $850,000 in exploration expenditures must be completed by March of 2010. In addition, a further 9% interest (bringing the total interest to 60%) may be earned by funding a positive feasibility study. American Creek is the operator of the project. The Corporation will complete the 51% earn-in by conducting a $1,000,000 drill program this summer.
 

 

Allan Burton, President and CEO stated: “The Treaty Creek property has the potential to host a world-class deposit on its own. We’re also sitting next to a $50 billion resource and all indications are that the ore must be transported through our property. The incredible expansion of the mineral deposits in the KSM combined with American Creek’s right to grant access should have a significant, positive impact on the valuation of our company.”
 

 

Given the geological potential of the Treaty Creek Project and Seabridge’s requirement for access through the property, the Corporation believes that its shares are currently undervalued.
 

 

Raul Sanabria, P. Geo., is the Qualified Person for the purposes of National Instrument 43-101 for the Treaty Creek Project and has verified and approved the contents of this news release.
 

 

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
 

 

For further information please contact Kelvin Burton. Phone: 403 752-4040, Fax: 403 752-4020, or Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Information relating to the Corporation and the Treaty Creek Project is available on it’s website at www.americancreek.com
 

 

Certain information contained in this news release constitutes forward-looking statements regarding the Corporation’s mineral properties. Forward looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the reasonable opinions and estimates of management of American Creek and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include: the inherent risks involved in the exploration and development of mineral properties, uncertainties involved in the interpretation of drill results and other geological data, fluctuating commodity prices, unforeseen permitting requirements, changes in environmental laws or regulations, the possibility of project cost overruns or unanticipated costs and expenses, weather conditions, the availability of contractors for equipment and services, the availability of future financing and general business and economic conditions. Such statements are also based on a number of assumptions which may prove to be incorrect, including assumptions about general business and economic conditions being accurate, the timing and receipt of regulatory approvals for projects and operations, the availability of financing, the ability to secure equipment and labour, and American Creek’s ongoing relationship with third parties. The foregoing factors, risks and assumptions are not exhaustive. Events or circumstances could cause actual events or results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are as of the date they are made and American Creek disclaims any obligation to update any forward-looking statements, except as required by law.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.