January 10, 2007
Raymond, Alberta - American Creek Resources Ltd. (“American Creek”) (TSX Venture: AMK) is pleased to announce that phase I diamond drilling is scheduled to begin Friday, January 12, 2007 on the recently optioned Austruck-Bonanza claim group located near Kamloops, British Columbia. A contract to complete up to 2500 metres of BTW diamond drilling has been secured with Aggressive Diamond Drilling of Kelowna, BC.
The Austruck-Bonanza claim group is located adjacent to American Creek’s Empire Project and is contiguous with claims held by others containing the Bonaparte Gold Mine (see December 6, 2006 news release). Work conducted at the Bonaparte site uncovered a series of high-grade gold-bearing quartz-sulphide veins that were subsequently bulk sampled in 1994. The following information reported for work conducted on the Bonaparte site provides historical grades that are believed to be relevant but were not arrived at using the standards used in National Instrument 43-101 and, therefore, cannot be relied upon. The bulk sample returned a reported average grade of 26.5 grams per tonne gold from 3700 tonnes of sorted material. The recently optioned Austruck-Bonanza claims lie within 100 metres of the location of this bulk-sampled material.
American Creek’s consultants have delineated geological and geophysical targets for initial drilling on the Austruck-Bonanza property. Geological targets were defined from review and interpretation of work previously conducted within and adjacent to the Bonaparte bulk sample site. Initial drilling will test for a parallel series of veins similar to those bulk-sampled at the Bonaparte Mine, as well as testing for larger tonnage potential within the surrounding sedimentary and volcanic rocks. Most of the historically documented work conducted in the area has concentrated on the high-grade vein system, with little or no testing of the enveloping rocks.
Currently, American Creek is conducting ground magnetometer surveying to follow-up previously flown airborne surveys over portions of the Austruck-Bonanza, Empire and Bullion claim blocks. Magnetic variations have been correlated to important structures that host the potential for vein and porphyry style mineralization within intrusive granitic rocks and the surrounding volcanic and sedimentary rocks.
Perry Grunenberg, P. Geo. of P&L Geological Services is the project manager and “Qualified Person” for the purpose of National Instrument 43-101 and has reviewed and verified the contents of this news release.
American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits. The Corporation has several projects within the Province of British Columbia, Canada.
American Creek’s common shares trade on the TSX Venture Exchange under the symbol “AMK”.
Certain information contained in this news release constitutes forward-looking statements regarding the Corporation’ s mineral propertie s. 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.