October 15, 2012
American Creek Resources Ltd. (“American Creek”) (the “Corporation”) is pleased to announce that it has agreed to begin negotiations with Seabridge Gold (TSX:SEA) (NYSE:SA) (“Seabridge”) regarding granting access rights to Seabridge for the proposed Mitchell-Treaty Tunnels (“MTT”) that Seabridge wishes to construct through approximately 16 km of the Corporation’s Treaty Creek property.
Seabridge had requested in a letter (see prior news release dated September 17, 2012) that American Creek come to the table to begin formal negotiations regarding Seabridge’s proposed MTT.
A letter has now been sent from the Corporation to Seabridge outlining the technical information that American Creek would need to assess the MTT impact on the Treaty Creek project and to notify Seabridge that American Creek is willing to begin negotiations.
Seabridge’s proposed MTT would link the KSM mine area to the proposed processing plant and tailings impoundments in the upper North Treaty Creek valley. The tunnels would be used to get utilities and equipment to the mine site as well as to transport the ore to the processing plant. The proposed route of the MTT passes through the heart of American Creek’s Treaty Creek project including intersecting the area hosting the very promising Copper Belle and GR2 deposits.
American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.