June 27, 2011
American Creek Resources Ltd. (TSX-V:AMK / OTC:ACKRF) (the “Company”) is pleased to announce the commencement of exploration on its 100% owned Electrum Property, a silver / gold project near Stewart, British Columbia, and on its 100% owned Ironmist Property, an iron / vanadium project near Kamloops, British Columbia.
Exposed gossans on Electrum
Exploration will begin on the Electrum Project July 18, 2011. The Electrum Property is located approximately 40 km north of the town of Stewart, British Columbia, and lies in the heart of the prolific mining region referred to as the "Golden Triangle". This area is gaining world-wide attention as high-power transmission lines are being built to aid some of the largest deposits in the world move toward feasibility.
The Electrum lies in a valley containing four historical commercially producing mines, and hosts the historic East Gold Mine which had intermittent small-scale production producing approximately 46 tons of hand-picked ore with average grades of 1,661 g/t (48.5 oz/t) gold and 2,596 g/t (75.7 oz/t) silver (Pre NI 43-101 smelter records).
The Company has retained SRK Consulting, an internationally recognized geological consulting firm, to compile data and generate targets which will assist in planning the program. Details of the drill program will be released once it has been finalized. Initial work will include detailed mapping of newly discovered veins. In 2010 a chip sample of 694 g/t gold and 550 g/t silver was obtained along this gold-bearing system of closely spaced epithermal breccia-veins exposed on surface in continuous outcrop for over 50 meters. Other samples assayed 71.8 g/t gold with over 10,000 g/t silver and 5.21 g/t gold with 2,800 g/t silver.
Frank O’Grady, P.Eng., is the senior geologist for the project and the Qualified Person pursuant to NI 43-101. Frank is a geologist and mining engineer, who has extensive experience drilling and mining both on surface and underground. He was involved in discovering a deposit which became a mine, and has been instrumental in increasing the resources and efficiencies of mines in production. He has decades of experience across North America and has spent many years in British Columbia.
Click on the image below for a 1 minute introduction to the Electrum Project.
The Company is also pleased to announce that exploration on its Ironmist Project will begin July 12, 2011. A team of three geologists will conduct surface sampling and mapping for the purpose of identifying future drill targets. It is anticipated that diamond drilling will follow. Mike Becherer, P.Geo., is the senior geologist for the project and the Qualified Person pursuant to NI 43-101. Mike will be assisted by Malcolm Warwick, who has extensive experience with magnetite deposits similar to the Ironmist, and Desmond O’Brien, who was involved with the work previously done on the project.
Frank O’Grady, P.Eng., is the Qualified Person for the purposes of National Instrument 43-101 for the Electrum Project. Mr. O’Grady has verified and approved the contents of this news release.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
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.
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