American Creek Reports That Treaty Creek JV Drill Program is Well on Its Way to Defining a Gold Resource
October 16 2017 - 8:00AM
Business Wire
American Creek Resources Ltd. (TSX-V:AMK) (“American
Creek”) (“the Corporation”) is very pleased to announce that JV
partner and operator Tudor Gold Corp. (“Tudor”) has released
results for the first four holes drilled on the Copper Belle zone
at the Treaty Creek Project located in BC’s “Golden Triangle”
immediately north of, and in the same hydrothermal system as,
Seabridge Gold’s KSM project and Pretivm’s Brucejack project.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171016005508/en/
Tudor reported the following:
Tudor Gold Extends Gold Zone at Treaty Creek to Over One
Kilometer
Tudor Gold Corp. (TSX.V: TUD) (Frankfurt: TUC) (the “Company” or
“Tudor Gold”) is pleased to report on the results of the first four
holes of the Copper Belle zone and on the completion of the
resource delineation program for the Copper Belle zone of the
Treaty Creek property.
The Copper Belle resource delineation drill program was
completed with 27 holes to depths below 700 meters and with step
outs of 50 meters where it was possible. Over 13,722 meters of
drilling was completed in the Copper Belle zone in 2017.
CB-17-04, the first step-out hole drilled this year on the
Copper Belle zone, intersected 176.2 meters of continuous
mineralization which returned 0.80 g/T Au from 152.1 to 328.5
meters depth. Hole CB-17-04 was collared 40 meters north of
CB-16-03 where topography permitted. Complete results are pending
for the remaining 23 holes.
Drill results for the first four Copper Belle holes at Treaty
Creek are summarized in the table below:
Hole-ID
From (m)
To (m)
Interval (m)*
Au (g/T)
Ag (g/T)
Cu (%)
CB-17-04
152.10
328.50
176.20
0.801
1.0
0.008
including
152.10
180.60
28.50
1.071
2.0
0.010
192.70
202.80
10.10
2.897
1.3
0.007
219.00
280.00
61.00
0.702
0.7
0.007
CB-17-05
98.20
102.30
4.10
0.926
2.3
0.012
CB-17-06
182.50
592.50
410.00
0.672
3.1
0.037
including
182.50
199.50
17.00
0.678
1.4
0.010
214.50
460.50
246.00
0.726
2.9
0.034
475.50
592.50
117.00
0.708
4.5
0.054
CB-17-07
161.00
530.00
369.00
0.686
2.4
0.032
including
203.00
246.50
43.50
1.810
11.88
0.142
507.50
530.00
22.50
1.494
3.7
0.036
* - True widths of the mineralization have
not been determined.
Click to view drill hole map
Results from subsequent drill holes from the 2017 drill program
at Copper Belle are still pending. Drill holes targeted the
mineralized zone on Copper Belle and all holes to date have
intersected long intervals of mineralization to depth. Drill holes
were targeted oblique to the northwesterly plunge of the main
mineralized zone. The drill program was designed for approximately
50 meter step-outs across the mineralized zone to create a block of
delineated mineralization for a preliminary resource estimate. All
drill holes were down hole surveyed at 25 m stations using a Reflex
Multi-shot device.
The Copper Belle resource estimate will use data from 27 holes
from 2017, three holes from 2016, 17 holes from 2009 and 10 holes
from 2007, for a total of 22,970 meters drilled. These drill holes
cover an area of approximately 250 meters wide by a kilometer long.
Copper Belle zone mineralization is open in all directions and to
depth.
The HC drill program consisted of 17 drill holes totalling 5,401
meters that tested the mineralized strata-bound structure for a
strike length of 400 meters and 400 meters down dip (still open at
depth), and the vein system remains open to the north, south and at
depth. The program was designed with a maximum of 50 meter
step-outs in the mineralized zone to prepare for a preliminary
resource estimate in this area. Assay results are pending for the
remaining holes.
The Company is very pleased to report that the magnetotelluric
geophysical survey program (“MT Survey”) that was implemented in
2016 has been effectively utilized as a guide for the 2017 drill
program. The MT Survey suggests that the mineralization continues
to the south, toward the Iron Cap deposit of Seabridge Gold Inc.
The MT Survey also suggests that the mineralized zone continues in
all directions. Tudor Gold’s 2017 drill program is located five
kilometers north of the Iron Cap deposit and the Company intends to
step out to the south in its 2018 program to see if it can
determine a relationship between the two areas.
Walter Storm, President and CEO, stated: “We are very pleased
with these early drill results at Copper Belle because they
demonstrate both grade, continuity and the immense size of this
pervasively mineralized system. Two major faults control the
mineralization which strikes southwest-northeast and dips to the
northwest. Our exploration team is effectively following the
mineralization using 50 meter step-outs, which will help ensure we
have the data density for our planned mineral resource
estimates.”
The Qualified Person for the Treaty Creek results in this news
release is James McCrea, P.Geo. for the purposes of National
Instrument 43-101. He has read and approved the scientific and
technical information that forms the basis for the disclosure
contained in this news release.
Darren Blaney, CEO of American Creek, stated the following in
response to the Tudor news: “These first holes from Tudor’s Copper
Belle resources estimate drill program look very promising. Of
significance is hole CB-17-07 which intersected a 369 meter
interval of gold mineralization which included a 43.5 meter
interval of 1.81 g/t gold with 11.88 g/t silver and 0.142 % copper.
This early discovery of higher grade gold with associated copper
within the porphyry system is very encouraging.”
A summary of the Treaty Creek project can be viewed here:
http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf
The Treaty Creek Project is a joint venture between Tudor,
Teuton Resources Corp., and American Creek. Tudor is the operator
and holds a 60% interest with both American Creek and Teuton each
holding respective 20% carried interests in the property (fully
carried until a production notice is given).
About American Creek
American Creek holds a strong portfolio of gold and silver
properties in British Columbia. The portfolio includes three
“Golden Triangle” gold/silver properties; the Treaty Creek and
Electrum joint ventures with Walter Storm/Tudor as well as the
recently acquired 100% owned past producing Dunwell Mine group of
properties. Other properties held throughout BC include the Gold
Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter
King.
For further information please contact Kelvin Burton at: Phone:
403 752-4040 or Email: info@americancreek.com. Information relating
to the Corporation is available on its website at
www.americancreek.com
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171016005508/en/
American Creek Resources Ltd.Kelvin Burton, 403
752-4040info@americancreek.com
Tudor Gold (TSXV:TUD)
Historical Stock Chart
From Nov 2024 to Dec 2024
Tudor Gold (TSXV:TUD)
Historical Stock Chart
From Dec 2023 to Dec 2024