March 17, 2008
Raymond, Alberta…American Creek Resources Ltd. is pleased to report the final results of the 2007 exploration program on the Electrum Project located in northwest British Columbia, Canada.
The Electrum property is located in a highly mineralized belt of past and present producing mines in northwest British Columbia. A well-maintained haul road runs directly from the town of Stewart to the property. This epithermal structure containing the historic East Gold mine has produced extremely high grades of gold, silver and electrum in the past, averaging 1,661 g/t gold and 2,560 g/t silver over 25 years of small-scale hand mining. Surface exploration in 2005 produced grab samples with grades to 80,818 g/t silver and chip samples with grades to 54.77 g/t gold and 14,903 g/t silver over 0.3 meters. The 2006 drill program confirmed small veins grading as high as 440 g/t gold and 400 g/t silver over narrow widths, along with areas of widely disseminated bulk-tonnage style gold and silver.
The Electrum has two major fault lines resulting in heavy mineralization but also creating a very complex geological model that appears to be similar to the Premier-Silbak mine to the south and the Eskay Creek mine to the north. Because of this, a very methodical approach was taken in this year’s drill program using relatively shallow drilling to learn more about the geological structure and to further identify primary targets for future drilling. While this method may not produce the “quickest results”, management believes it is the best approach to building a sound geological model that will increase the chance of discovering and proving up an ore body.
The 2007 drill program was designed to begin the process of mapping and designing geological models for the property and to identify targets for deeper drilling. A total of 45 relatively shallow holes totaling 12,574 meters were completed. Highlights include 26 meters of 3.01 g/t gold with 2.05 g/t silver, 2 meters of 29.9 g/t gold with 10.2 g/t silver, 6 meters of 1.70 g/t gold with 2.2 g/t silver, 1.9 meters of 9.30 g/t gold with 39.5 g/t silver, and 31 meters of 0.53 g/t gold with 2.49 g/t silver. Significant intersections from the final 18 holes representing 5,167 met.
| Drill Hole |
From
(m) |
To |
Interval |
Gold |
Silver |
| EL07-28 |
93.00
|
124.00
|
31.00
|
0.53
|
2.49
|
| including |
97.00
|
99.00
|
2.00
|
2.41
|
3.20
|
| including |
103.00
|
105.00
|
2.00
|
1.25
|
0.60
|
| including |
121.00
|
122.00
|
1.00
|
1.42
|
1.80
|
|
211.00
|
213.00
|
2.00
|
0.66
|
144.00
|
|
|
215.00
|
217.00
|
2.00
|
1.47
|
0.20
|
|
|
257.00
|
259.00
|
2.00
|
1.38
|
7.20
|
|
|
275.83
|
277.00
|
1.17
|
1.25
|
6.00
|
|
|
EL07-29
|
155.00
|
157.00
|
2.00
|
29.9
|
10.20
|
|
185.00
|
195.00
|
10.00
|
0.56
|
0.42
|
|
|
239.80
|
241.00
|
1.20
|
1.03
|
0.90
|
|
|
EL07-31
|
194.00
|
220.00
|
26.00
|
3.01
|
2.05
|
|
including
|
210.00
|
212.00
|
2.00
|
31.40
|
19.00
|
|
EL07-36
|
73.00
|
94.00
|
21.00
|
0.49
|
6.45
|
|
139.00
|
142.00
|
3.00
|
1.44
|
3.90
|
|
|
EL07-38
|
117.00
|
121.00
|
4.00
|
0.52
|
13.65
|
|
279.00
|
281.00
|
2.00
|
0.60
|
2.80
|
|
|
|
295.00
|
297.00
|
2.00
|
0.62
|
2.50
|
|
EL07-39
|
80.70
|
84.00
|
3.30
|
0.98
|
11.50
|
|
147.40
|
148.00
|
0.60
|
0.70
|
54.30
|
|
|
223.00
|
224.50
|
1.50
|
0.52
|
24.02
|
|
|
282.00
|
282.5
|
0.50
|
1.35
|
18.30
|
|
|
EL07-41
|
80.20
|
80.74
|
0.54
|
1.25
|
7.30
|
|
97.65
|
99.55
|
1.90
|
9.30
|
39.50
|
|
|
139.00
|
145.00
|
6.00
|
1.70
|
2.20
|
|
|
167.00
|
169.00
|
2.00
|
0.35
|
40.70
|
|
|
207.41
|
210.66
|
3.25
|
0.88
|
12.70
|
|
|
EL07-42
|
134.9
|
136.06
|
1.16
|
1.03
|
12.6
|
|
233.41
|
235.28
|
1.87
|
0.97
|
1.90
|
|
|
EL07-43
|
69.72
|
74.00
|
4.28
|
0.51
|
5.28
|
|
122.00
|
125.00
|
3.00
|
1.41
|
14.20
|
|
|
146.27
|
146.87
|
0.60
|
3.86
|
11.1
|
|
|
EL07-45
|
73.00
|
74.00
|
1.00
|
0.94
|
7.50
|
|
255.00
|
259.00
|
4.00
|
1.06
|
4.95
|
*all intersections are presented as drill hole intercept width and are not necessarily true widths.
Allan Burton, President & CEO stated “The 2007 drill program will provide us with valuable insight upon which to base our future exploration program. We’ve always felt that the Electrum property has real potential to host an ore body similar to others within the Eskay Rift. The results thus far continue to support that belief.”
MacDonald J. Millard, P. Eng., P. Geo., is the Qualified Person for the Electrum Project for purposes of National Instrument 43-101 and has verified and approved the content of this news release.
In 2007 American Creek Resources undertook an aggressive exploration program, running three major projects. The Electrum Project, the Treaty Creek Project and the Tide Project all show the potential to host significant grades of gold, silver and base metals. With the most recent acquisition of its interest in the Treaty Creek property, American Creek Resources is strategically positioned in one of the highest gold/copper belts in the world and is immediately next to what is becoming one of North America’s largest deposits.
Final results from the 2007 Treaty Creek drill program were also released today and can be found on the Corporation’s website at www.americancreek.com .
American Creek Resources Ltd. is a Canadian 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. . 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.
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