American Creek is starting to get some exposure now that the Treaty Creek Joint Venture is beginning to get assay results back from the drill program currently underway on the property. The first three holes included the best hole drilled to date at the project:
780 meters of 0.683 g/t gold including a higher grade upper portion of 1.095 g/t over 370.5 meters
A second drill has been mobilized to the property and is turning now. A steady stream of additional assay results will be released over the next several months as the drill program progresses.
Eric Sprott’s recent commitment to invest $1,000,000 in American Creek is also getting some headlines.
We thought you may be interested to read a sampling of some of the articles regarding American Creek and the Treaty Creek Project that were published last week:
For those that missed this earlier, the Treaty Creek project was mentioned in a Sprott podcast on July 19. You can listen to Eric’s Tudor/Treaty Creek comments starting at about the 10:00 mark.
Mr. Sprott enthusiastically described the potential of the Treaty Creek project when he made statements like:
“It's drilling a monster play just like the GT Gold play” "The last hole they announced, which was last year, was 563 meters of 1.08 gold."
“It’s in the perfect logistical place to develop it. The market cap of the company (Tudor) is like under $50 million and yet what we’re shooting for is to define a 10 or 20-million-ounce discovery, so you’re paying nothing for this discovery.”
“So that’s the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000. I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars! That is what we are looking for – a dollar to $35 dollars, set you up for life!”
About American Creek
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Tudor is presently conducting a major drill program at Treaty Creek with the objective being to define a significant gold resource.
The Goldstorm zone at Treaty Creek has the potential to be a world class gold deposit with lower costs and far better logistics than Seabridges’ adjacent KSM.
For details about the Treaty Creek JV please visit our website here: https://americancreek.com/index.php/projects/treaty-creek/home
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.