Feburary 9, 2007
Raymond, Alberta… American Creek Resources Ltd. (TSX-V: AMK) (“American Creek”) is pleased to announce that it has purchased the Slippery Willow property bordering the Electrum Project near Stewart, British Columbia. American Creek now holds a 100% interest in the property. Under the terms of the purchase agreement, American Creek paid $25,000 cash and issued 120,000 common shares to an arm’s length vendor. The shares are subject to a four month hold period with half of the shares being subject to an additional, consecutive four month hold. The TSX Venture Exchange has approved the transaction.
The Slippery Willow property is located approximately 33 km. north of Stewart, British Columbia and borders American Creek’s Electrum Project on the southeast corner as well as the Tide property on the east (refer to page 2). The property is road accessible via the Granduc haul road and covers approximately 500 hectares. Historic records (not NI43-101 compliant) indicate that grades as high as 0.43 oz/t gold with 112.96 oz/t silver over 2 feet, and 0.44 oz/t gold with 304.51 oz/t silver and 43% lead over 10 inches, were obtained in a small channel sampling program near the claim boundary between the Tide and Slippery Willow properties. American Creek management also believes that several mineralized zones found on the Electrum and Tide properties continue across the claim boundaries onto the Slippery Willow. The property contains an airstrip as well as several ideal locations for constructing an exploration camp for the upcoming 2007 program.
Allan Burton, President and CEO stated: “The Slippery Willow property completes the package. With the recent Tide property agreement, and now this latest acquisition, American Creek now has a stake in all of the ground around our highly prospective Electrum Project. We are eagerly looking forward to the start of the Phase III drill program this spring.”
The Electrum, Tide and Slippery Willow properties are located in the “Golden Triangle” north of Stewart, British Columbia, near past operating mines including the Riverside, Scotty Gold, Granduc, and Silbak-Premier. Barrick’s world-class Eskay Creek gold and silver mine is located approximately 50 km to the north.
American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits, with several projects in the Province of British Columbia, Canada.
A Phase I drill program is currently underway on the Corporation’s Austruck-Bonanza Project located near Kamloops, British Columbia.
The Corporation’s shares trade on the TSX Venture Exchange under the symbol “AMK”.
ELECTRUM, TIDE & SLIPPERY WILLOW PROPERTIES
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.