October 18, 2006
Raymond, Alberta - American Creek Resources Ltd. (“American Creek”) (TSX-V: AMK) is pleased to announce that it has commenced the Phase II diamond drilling program on its Electrum Project, located near Stewart, British Columbia. American Creek has contracted Aggressive Diamond Drilling Ltd. to complete up to 2,000 metres of BQ2 diamond drilling. Phase I included highlights of 10.5 g/t gold, 89.7 g/t silver and 5.34% zinc over 1.4 metres in hole EL06-04; 2.98 g/t gold with 501.0 g/t silver over 0.6 metres in hole EL06-01; and 3.53 g/t gold with 14.6 g/t silver over 0.6 metres in hole EL06-03 (for complete results see News Release dated September 18, 2006).
Phase II diamond drilling is planned to test geochemical and geophysical targets generated by the summer exploration program. A coincident strong gold and silver soil geochemical anomaly covering 400 by 350 metres lies near the centre of the Electrum Property. This soil anomaly contains gold values up to 22,500 ppb and silver of 20.6 ppm. To the south of this anomaly, a second strong, linear gold geochemical anomaly trends northwesterly for 450 metres and contains several gold values of greater than 1000 ppb. Also scattered throughout the property are a number of smaller, high value gold anomalies. Phase II drilling is testing the larger, centrally located soil geochemical anomaly.
An induced polarization survey has also been completed by P.E. Walcott and Associates over the property. This survey defines zones of high resistivity that correlate well with the elevated gold and silver soil geochemistry. High resistivity zones are generally related to silicification or zones of more abundant quartz veining. These survey results are very encouraging as historic mining for gold and silver on the Electrum Property has been within areas of quartz veining. The anomalous geochemical and geophysical signature may define extensions to the area of historically known mineralization. Also of significance is the number of gold bearing quartz veins intersected in the Phase I diamond drill program.
Phase II diamond drilling is expected to be completed by early November, with results expected by the end of 2006.
American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits, with 8 projects in the Province of British Columbia, Canada.
The Electrum Project is located in the “Golden Triangle” approximately 45 km north of Stewart, British Columbia, near past operating mines including the Riverside, Scotty Gold, Granduc, and Silbak-Premier. Barrick’s world-class Eskay Creek mine is located approximately 50 km north of the Project. The Electrum is road accessible via the Granduc haul road and is only 45 km from concentrate shipping port facilities located in Stewart.
The Corporation commenced trading on the TSX Venture Exchange on September 6, 2006 under the symbol “AMK”.
Linda Dandy, P.Geo. and Perry Grunenberg, P.Geo. of P&L Geological Services are the project managers and “Qualified Persons” for the purpose of National Instrument 43-101 and have reviewed and verified the contents of this news release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.