December 11, 2007
Raymond, Alberta…American Creek Resources Ltd. is pleased to report the preliminary results of the 2007 exploration program on the Treaty Creek Project located in northwest British Columbia, Canada.
In March, 2007, American Creek Resources entered into a joint venture with Teuton Resources Corp. (TUO: TSX-V) for the controlling interest in the Treaty Creek property. American Creek was granted an option to earn a 51% interest by spending $5 million on exploration over three years with at least $1 million in exploration expenditures to be incurred in the first year. A further 9% interest (bringing the total interest to 60%) may be earned by funding a positive feasibility study.
The Treaty Creek property is not only adjacent to one of the largest undeveloped gold/copper projects in Canada, but appears to form part of the same highly mineralized trend line. The southern portion of the trend line, held by Seabridge Gold (SEA:TSX-V) and Silver Standard (SSO:TSX-V), contains bulk tonnage deposits hosting a combined inferred resource of approximately 19.6 million ounces of gold, 18 million ounces of silver and 4.95 billion pounds of copper. It is worth noting that these figures are from the 2006 exploration programs, and that they are expected to increase significantly with the ongoing release of results from the respective 2007 drill programs.
2007 Treaty Creek Drill Program
American Creek Resources completed a diamond drill program on the Treaty Creek property during August, September and October, drilling a total of 5,470 metres in 30 holes. All core was logged, split and sampled on site and was delivered to the EcoTech Laboratory field preparation facility in Stewart, BC. EcoTech personnel prepared the assay samples and forwarded them to the main EcoTech Laboratory in Kamloops for assay. The assays from a total of 17 holes have been received, the highlights of which are set out below. All intersections are presented as drill hole intercept width and are not necessarily true width.
Eureka Zone
The Eureka and ND zones have mineralization that appears to be similar to the gold/silver/copper bulk tonnage style Mitchell deposit (owned by Seabridge) immediately to the south of the Treaty Creek property. Historic intersections on the Eureka, including 0.757 g/t gold over 74.7 metres, 0.46 g/t gold over 169 metres, and 0.67 g/t gold over 72.3 metres, were expanded upon in the 2007 drill program because of the similarity to the Mitchell grades (average of 0.72 g/t gold).
Highlights of the 2007 drilling on the Eureka include a 75.45 metre intersection of 0.69 g/t gold with 2.89 g/t silver, an 18.40 metre intersection of 1.21 g/t gold with 4.62 g/t silver, and an 8.51 metre intersection of 0.33 g/t gold with 2,094.00 g/t silver and 0.378% copper (this hole was lost in heavy faulting and ended in mineralization). Assay results have been received for all six holes with significant intercepts presented below:
EUREKA ZONE DRILL RESULTS
Drill Hole |
From |
To |
Interval |
Gold |
Silver |
TC07-01Eur |
5.93 |
20.00 |
14.07 |
0.81 |
3.33 |
|
56.00 |
85.17 |
29.17 |
0.55 |
2.21 |
TC07-02Eur |
5.95 |
81.40 |
75.45 |
0.69 |
2.89 |
including |
5.95 |
12.00 |
6.05 |
1.93 |
10.24 |
and |
63.00 |
81.40 |
18.40 |
1.21 |
4.62 |
TC07-03Eur |
5.49 |
66.00 |
60.51 |
0.45 |
1.90 |
TC07-04Eur |
6.00 |
37.53 |
31.53 |
0.55 |
2.81 |
including |
6.00 |
15.03 |
9.03 |
1.21 |
4.92 |
*TC07-04Eur |
85.00 |
108.51 |
23.51 |
0.50 |
760.01 |
including |
100.00 |
108.51 |
8.51 |
0.33 |
2,094.00 |
TC07-06Eur |
69.50 |
152.00 |
85.50 |
0.47 |
3.65 |
TC07-08Eur |
84.00 |
105.70 |
21.70 |
0.38 |
7.39 |
*hole was lost at 108.51 metres depth.
ND Zone
This zone, with similar geological structure as the Eureka, is a new showing discovered this summer. This mineralized outcrop was recently exposed as the glacier covering it continues to recede. Assay results for all five holes are pending.
Copper Belle Zone
The Copper Belle zone is another newly discovered outcrop that was recently exposed due to rapid glacial melting. The Copper Belle lies across the valley from the Eureka and ND zones and is one of the most promising new finds on the property. The adjacent area has historic high-grade discoveries including a trench sample taken in 1987 with 969 g/t gold over 1.2 metres. The Copper Belle rock is heavily mineralized with finely disseminated pyrite, chalcopyrite, galena, sphalerite and bornite. Highlights of the 2007 results received thus far include a 76.07 metre intersection of 0.93 g/t gold along with 8.78 g/t silver and 0.063% copper, a 46.23 metre intersection of 0.83 g/t gold along with 6.39 g/t silver and 0.041% copper, a 17.00 metre interval of 4.33 g/t gold with 2.00 g/t silver, a 65.00 metre interval of 0.81 g/t gold with 3.80 g/t silver, and a 30.18 metre interval with 1.32 g/t gold with 5.93 g/t silver and 0.093% copper. Results have been received for seven of ten holes. Significant intercepts are presented below:
COPPER BELLE ZONE
Drill Hole |
From |
To |
Interval |
Gold |
Silver |
Copper |
Lead |
Zinc |
TC07-07CB |
2.44 |
48.76 |
46.23 |
0.83 |
6.39 |
0.041 |
0.031 |
0.166 |
including |
24.35 |
24.90 |
0.55 |
1.14 |
41.20 |
1.040 |
>1.000 |
>1.000 |
and |
47.90 |
48.76 |
0.77 |
0.86 |
46.20 |
1.170 |
0.218 |
0.060 |
TC07-07CB |
65.00 |
81.00 |
16.00 |
0.66 |
0.23 |
0.002 |
--- |
0.016 |
TC07-09CB |
|
|
|
|
|
|
|
|
TC07-11CB |
2.43 |
73.00 |
70.57 |
0.76 |
4.91 |
0.034 |
0.016 |
0.031 |
including |
2.43 |
18.50 |
16.07 |
1.61 |
13.34 |
0.080 |
0.041 |
0.060 |
TC07-11CB |
113.00 |
130.00 |
17.00 |
4.33 |
2.00 |
0.013 |
0.003 |
0.008 |
including |
113.00 |
115.00 |
2.00 |
22.60 |
5.80 |
0.019 |
--- |
--- |
TC07-11CB |
213.00 |
220.50 |
7.50 |
1.12 |
36.35 |
0.005 |
0.003 |
0.006 |
TC07-13CB |
4.00 |
43.00 |
39.00 |
0.72 |
3.26 |
0.028 |
0.034 |
0.040 |
|
57.00 |
65.00 |
8.00 |
0.39 |
6.88 |
0.062 |
0.013 |
0.183 |
|
106.00 |
107.50 |
1.50 |
0.93 |
0.80 |
0.126 |
--- |
--- |
TC07-15CB |
2.43 |
72.50 |
70.07 |
0.66 |
6.31 |
0.081 |
0.042 |
0.041 |
including |
9.50 |
18.00 |
8.50 |
1.58 |
27.43 |
0.438 |
0.173 |
0.075 |
and |
26.00 |
36.00 |
10.00 |
0.72 |
1.44 |
0.024 |
0.032 |
0.024 |
and |
60.00 |
64.20 |
4.20 |
1.61 |
25.58 |
0.233 |
0.017 |
0.028 |
TC07-17CB |
1.82 |
32.00 |
30.18 |
1.32 |
5.93 |
0.093 |
0.071 |
0.126 |
including |
8.00 |
14.00 |
6.00 |
2.91 |
19.70 |
0.414 |
0.190 |
0.215 |
TC07-17CB |
52.00 |
71.00 |
19.00 |
1.24 |
15.14 |
0.047 |
0.017 |
0.043 |
including |
64.50 |
71.00 |
6.50 |
2.93 |
42.52 |
0.130 |
0.031 |
0.047 |
TC07-17CB |
127.00 |
139.00 |
12.00 |
0.60 |
0.78 |
--- |
--- |
--- |
TC07-17CB |
203.00 |
219.00 |
16.00 |
0.54 |
4.26 |
--- |
--- |
--- |
TC07-19CB |
2.43 |
78.50 |
76.07 |
0.93 |
8.78 |
0.063 |
0.030 |
0.052 |
including |
10.00 |
14.00 |
4.00 |
1.49 |
49.35 |
0.731 |
0.290 |
0.134 |
and |
60.00 |
68.00 |
8.00 |
3.23 |
45.48 |
0.933 |
0.012 |
0.026 |
TC07-19CB |
139.50 |
145.00 |
5.50 |
0.61 |
0.25 |
0.018 |
--- |
0.011 |
TC07-21CB |
|
|
|
|
|
|
|
|
TC07-23CB |
5.00 |
70.00 |
65.00 |
0.81 |
3.80 |
0.017 |
0.022 |
0.046 |
including |
25.00 |
46.00 |
21.00 |
1.21 |
8.39 |
0.154 |
0.010 |
0.274 |
and |
30.00 |
34.00 |
4.00 |
1.64 |
27.89 |
0.730 |
0.221 |
0.382 |
TC07-23CB |
140.00 |
212.75 |
72.75 |
0.72 |
20.83 |
0.016 |
0.009 |
0.036 |
including |
140.00 |
153.00 |
13.00 |
1.73 |
103.51 |
0.041 |
0.005 |
0.013 |
TC07-23CB |
233.00 |
267.00 |
34.00 |
0.49 |
7.88 |
0.013 |
0.003 |
--- |
including |
233.00 |
235.00 |
2.00 |
3.80 |
123.00 |
0.109 |
0.038 |
--- |
TC07-30CB |
|
|
|
|
|
|
|
|
Grab samples from the Copper Belle zone were also very promising and confirm its potential to host significant mineralization. The most promising results, which were previously released, were as follows:
|
|
|
Gold |
Gold |
Silver |
Silver |
Copper |
Lead |
Zinc |
ET #. |
Tag # |
|
(g/t) |
(oz/t) |
(g/t) |
(oz/t) |
(%) |
(%) |
(%) |
1 |
TR0701WE |
|
1.71 |
0.050 |
60.2 |
1.76 |
--- |
--- |
--- |
8 |
TR0706BA |
|
2.00 |
0.058 |
99.4 |
2.90 |
--- |
1.57 |
1.19 |
9 |
TR0707BA |
|
3.20 |
0.093 |
257.0 |
7.50 |
3.07 |
--- |
1.25 |
10 |
TR0708BA |
|
4.80 |
0.140 |
1670.0 |
48.70 |
2.75 |
6.63 |
5.44 |
11 |
TR0709BA |
|
2.29 |
0.067 |
629.0 |
18.34 |
4.10 |
--- |
--- |
12 |
TR0710BA |
|
0.32 |
0.009 |
|
|
--- |
--- |
--- |
13 |
TR0711BA |
|
11.30 |
0.330 |
60.0 |
1.75 |
--- |
--- |
--- |
15 |
TR0718DO |
|
2.80 |
0.082 |
69.5 |
2.03 |
1.29 |
--- |
--- |
18 |
TR0721DO |
|
0.07 |
0.002 |
228.0 |
6.65 |
--- |
9.52 |
1.29 |
The Copper Belle zone appears to be one of the most promising new discoveries in the Kerr-Sulphurettes region. Based on the 2007 drill results, a considerable amount of exploration will be focused on this zone in the 2008 season.
GR2 Zone
This area is approximately 1 kilometre northwest of the Copper Belle and carries similar key minerals. Surface samples have been heavily mineralized with massive galena and sphalerite, indicating silver, lead and zinc. Highlights of the 2007 drilling on the GR2 zone include 34.50 metres of 0.70 g/t gold with 25.83 g/t silver and 0.074% copper, 1.017% lead and 0.663% zinc as well as a 6.62 metre interval of 2.84 g/t gold with 66.26 g/t silver and 0.029% copper, 0.887% lead and 0.882% zinc. Results have been received for four of nine holes. Significant intercepts are presented below:
GR2 ZONE
Drill Hole |
From |
To |
Interval |
Gold |
Silver |
Copper |
Lead |
Zinc |
TC07-12GR2 |
31.00 |
44.81 |
13.81 |
0.31 |
18.80 |
0.049 |
0.301 |
0.063 |
including |
38.50 |
39.00 |
0.50 |
0.28 |
80.10 |
0.174 |
0.977 |
0.208 |
and |
44.00 |
44.81 |
0.81 |
0.47 |
124.00 |
0.221 |
2.080 |
0.052 |
TC07-12GR2 |
114.50 |
115.00 |
0.50 |
0.48 |
54.90 |
0.055 |
1.980 |
0.158 |
TC07-12GR2 |
172.38 |
179.00 |
6.62 |
2.84 |
66.26 |
0.029 |
0.887 |
0.822 |
TC07-14GR2 |
32.00 |
34.50 |
2.50 |
2.08 |
30.40 |
0.102 |
0.118 |
0.298 |
|
38.00 |
48.50 |
10.50 |
0.22 |
69.81 |
0.047 |
0.493 |
0.087 |
|
56.00 |
57.00 |
1.00 |
0.23 |
74.50 |
0.182 |
1.330 |
0.376 |
|
107.00 |
108.00 |
1.00 |
0.17 |
93.75 |
0.035 |
3.443 |
0.849 |
|
152.00 |
168.00 |
16.00 |
0.40 |
7.42 |
0.058 |
0.162 |
0.171 |
TC07-16GR2 |
29.00 |
33.50 |
4.50 |
0.66 |
9.21 |
0.021 |
0.118 |
0.053 |
|
43.50 |
45.00 |
1.50 |
1.07 |
72.20 |
0.230 |
0.191 |
0.084 |
|
117.00 |
117.50 |
0.50 |
1.03 |
28.10 |
0.170 |
0.620 |
0.588 |
|
177.00 |
189.00 |
12.00 |
1.36 |
3.90 |
0.008 |
0.118 |
0.068 |
TC07-18GR2 |
|
|
|
|
|
|
|
|
TC07-20GR2 |
|
|
|
|
|
|
|
|
TC07-24GR2 |
207.50 |
242.00 |
34.50 |
0.70 |
25.83 |
0.074 |
1.017 |
0.663 |
including |
207.50 |
215.50 |
8.00 |
1.24 |
84.98 |
0.257 |
4.059 |
2.349 |
and |
230.00 |
232.00 |
2.00 |
0.76 |
40.00 |
0.054 |
0.785 |
1.480 |
TC07-26GR2 |
|
|
|
|
|
|
|
|
TC07-27GR2 |
|
|
|
|
|
|
|
|
TC07-29GR2 |
|
|
|
|
|
|
|
|
SUMMARY OF 2007 EXPLORATION RESULTS
Both the historical and current exploration conducted on the Treaty Creek property indicate the potential for mineralization patterns consistent with the world-class Seabridge / Silver Standard properties immediately to the south. Average grades for Seabridge’s Mitchell deposit are reported as 0.72 g/t gold and 0.23% copper. The results received thus far from the 2007 Treaty Creek exploration program show grades that appear similar to the Mitchell deposit and other deposits located in the Kerr-Sulphurettes system.
For more detailed information regarding the Treaty Creek Project please visit the Corporation’s website at www.americancreek.com.
In 2007 American Creek Resources undertook an aggressive exploration program, running three major projects. The Treaty Creek Project, the Electrum Project and the Tide Project all show the potential to host mineable grades of gold, silver and base metals. American Creek management is eagerly anticipating the receipt of the remaining assay results from all three projects. The exploration conducted this year is expected to produce the geological foundation leading to an even more promising 2008 season.
DRILLING CONTRACT
The Company also confirms that it has signed a three year drilling contract with More Core Diamond Drilling located in British Columbia. As part of the arrangement, More Core has purchased four of American Creek’s drills to be used exclusively on American Creek’s projects during the exploration season. Given the current shortage of drilling companies and equipment, having an experienced drilling company with new drills is a significant advantage in a competitive market.
Macdonald J. Millard, P. Eng., 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 an aggressive junior mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits within the Province of British Columbia, Canada.
For further information please contact Darren R. Blaney, Chief Operating Officer. 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.. This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . Information relating to the Corporation is available on its 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.