|Red Chris Mine: M&I – 14.4Moz Au / 10.3 Bt Lbs Cu|
|Galore Creek: M&I – 9.3 Moz Au / 5.6 Bt Lbs Cu|
|Brucejack Mine: P&P – 5.8 Moz Au – high grade|
|KSM: P&P – 38.8Moz Au / 10.1 Bt Lbs Cu – largest undeveloped gold deposit in the world by reserves|
|Treaty Creek: Geological & geophysical indication of KSM scale with better logistics, 45,600 drill program recently completed. Resource Calculation pending.|
|Dunwell Mine: Past producing high-grade gold mine|
American Creek holds a 20% fully carried interest in treaty creek until a production notice is given
A risky, hit-or-miss business.
Discovery - Sweet
Lower risk, highest reward.
Define resources, access value.
Point of maximun value creation
More drilling and analysis to determine size and feasibility.
Develop size and build a mine. Highest capital costs and longest lead times.
Mining & Selling
Extraction and treatment of ore.
Labour and capital intensive.
Returning mine site to its natual state.
American Creek is debt free and funded beyond the end of 2022.
“Treaty Creek has a great shot at having 20 million ounces, the holes are so deep…they got thousand-meter holes that are running…close to a gram a tonne…and it's wide open, so I'm very excited about the opportunity there"
– Eric Sprott 2019 –
All AMK shareholders will receive a pro-rata percentage of the new company Stinger Resources. Stinger will add value as investors will keep their AMK shares and be given Stinger shares as well. Both companies will be debt free and funded through the end of 2022 or beyond.
In 2020, a 45,600m drill program was completed, combined with metallurgical test work and baseline environmental studies, will work towards a maiden NI 43-101 Resource Calculation and an initial economic assessment.
The Maiden Resource Calculation is pending. After it is released there will be details concerning the 2021 drill program which will include expanding the Goldstorm deposit and doing exploration on the Perfect Storm Zone.
“It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)"
– Eric Sprott, July 24, 2020 –
Information concerning other deposits in the Golden Triangle has not been independently verified by American Creek and many not be indicative of what is discovered on Treaty Creek. Jim McCrea P.Geo