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About American Creek Resources Ltd. (OTCQB: ACKRF)
American Creek Resources Ltd. is a Canadian junior mineral exploration company strategically focused on developing gold and silver properties in British Columbia, Canada. The company's flagship asset is its 20% fully carried interest in the Treaty Creek Project, a joint venture with Tudor Gold Corp., located in the prolific "Golden Triangle" region. This area is globally recognized for its exceptional mineral wealth, hosting some of the world's largest undeveloped gold and copper deposits.
Unique Value Proposition
American Creek's carried interest in the Treaty Creek Project offers a unique advantage to its shareholders. Under this model, the company incurs no exploration or development costs until a production notice is issued, allowing shareholders to benefit from the project's growth without the dilutive effects of ongoing capital expenditures. This structure positions American Creek as a low-risk entry point into one of the mining industry's most promising mega-deposits.
The Treaty Creek Project
The Treaty Creek Project is anchored by the Goldstorm Deposit, a massive gold-copper porphyry system with an Indicated Mineral Resource of 27.87 million ounces (Moz) of gold equivalent (AuEQ) at 1.19 g/t AuEQ and an Inferred Mineral Resource of 6.03 Moz AuEQ at 1.25 g/t AuEQ. The deposit remains open in all directions, highlighting its significant exploration upside. The project also includes the recently discovered Supercell-One Zone (SC-1), a high-grade gold system that has the potential to enhance the project's economic profile significantly.
Strategic Partnerships and Development
American Creek's partnership with Tudor Gold ensures expert management of the Treaty Creek Project. Tudor Gold, as the project operator, is advancing exploration and development initiatives, including extensive drilling programs, metallurgical testing, and environmental studies. These efforts aim to unlock the full potential of the Goldstorm Deposit and its associated mineral zones, including SC-1 and the CS-600 Domain.
Market Position and Growth Potential
American Creek is well-positioned within the competitive landscape of junior mineral exploration companies. Its exposure to the Treaty Creek Project offers investors a rare opportunity to participate in the development of a world-class mineral resource without the typical financial risks associated with early-stage mining projects. As exploration progresses and resource estimates are refined, the company's value proposition is expected to strengthen further.
Commitment to Sustainability
American Creek is committed to responsible mineral exploration and development. The company adheres to stringent environmental and regulatory standards, ensuring that its operations contribute positively to the local communities and ecosystems in British Columbia.
Conclusion
American Creek Resources Ltd. represents a compelling investment opportunity in the junior mining sector. Its strategic partnerships, innovative business model, and access to one of the world's most promising gold and copper deposits position the company for long-term success. As the Treaty Creek Project continues to advance, American Creek is poised to deliver significant value to its shareholders.
American Creek Resources (ACKRF) has announced positive initial metallurgical test results from the high-grade gold Supercell-One Complex (SC-1) at the Treaty Creek Project in British Columbia's Golden Triangle. The tests focused on SC-1C and SC-1D structures, achieving flotation recoveries of up to 85.1% gold and producing a concentrate grade of 33.6 g/t gold.
The SC-1 Complex, discovered during the 2024 drill campaign, consists of four breccia structures (SC-1A to SC-1D). The SC-1C structure spans up to 800 meters in length by 400 meters in depth. Recent testing of the Lower CS-600 sub-domain showed flotation recoveries of up to 88.1% copper, 63.8% gold, and 51.3% silver, producing a concentrate exceeding 29% copper with gold and silver grades of 33 g/t and 96 g/t respectively.
The metallurgical program, conducted by SGS Vancouver, demonstrated that flotation is the most economical method for recovering gold and copper mineralization, though the cleaner concentrate contains some deleterious elements including arsenic and antimony.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has announced the termination of its Arrangement Agreement with Cunningham Mining (CML), which was originally dated September 5, 2024, and subsequently amended on December 30, 2024, and January 31, 2025.
As part of the termination agreement, both parties have provided mutual releases. CML has agreed to compensate American Creek with CAD$150,000 worth of NGTG$$ tokens, which will be transferred to American Creek's wallet and released after a 9-month period.
The companies have agreed to explore an alternative agreement that could potentially combine the gold RWA token sector with the gold exploration sector, aiming to add significant value for shareholders. American Creek will provide updates when material information becomes available.
American Creek Resources (TSXV: AMK, OTCQB: ACKRF) has received a Notice of Termination from Cunningham Mining regarding their Arrangement Agreement, which American Creek deems invalid. The dispute centers around allegations that American Creek failed to properly disclose information about Seabridge Gold's revised permit for potential twin tunnels through the Treaty Creek Property.
Cunningham Mining claims this constitutes a 'material adverse effect,' allowing termination. However, American Creek maintains that it fully disclosed Seabridge's position in its Disclosure Statement and subsequent communications. The company argues that all parties were aware of Seabridge's tunnel project plans before executing the Arrangement Agreement and its amendments.
American Creek asserts the Arrangement Agreement remains valid and awaits the $150,000 payment owed by Cunningham Mining under the 2nd Amendment Agreement.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has announced a second amendment to its arrangement agreement with Cunningham Mining. The amendment extends the Outside Date from January 31, 2025, to March 15, 2025, contingent on Cunningham paying CAD$150,000 by February 20, 2025. A further extension to April 30, 2025, is possible with an additional US$2,000,000 payment by March 15, 2025.
The extension fees, along with the previous $300,000 signing fee, will fund arrangement expenses and working capital. During this period, American Creek can continue normal operations and consider superior proposals without break fees. CEO Darren Blaney confirmed shareholders' strong support for the transaction at the recent AGM.
American Creek Resources (TSXV: AMK) announced that its JV partner Tudor Gold has initiated permitting for approximately 3,000 meters of underground development at the Treaty Creek Project in British Columbia's Golden Triangle. The exploration ramp will target the Supercell One Zone (SC-1) with infill and expansion drilling.
The underground infrastructure is expected to reduce drilling costs and time while potentially serving as air ventilation support for future mining operations. The project plans include a 25,000-meter year-round drilling program focusing on the SC-1 Zone, which remains open along strike and plunge. To date, over 10,000 meters of drilling have targeted this zone.
The development follows encouraging 2024 drilling results, with the zone showing similarities to Newmont's Brucejack gold deposit. The current Mineral Reserve Estimate stands at 27.9 million ounces of AuEq averaging 1.19 g/t AuEq, though SC-1 results are not yet included in this estimate.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has announced an amendment to its arrangement agreement with Cunningham Mining. The key changes include extending the Outside Date from December 30, 2024, to January 31, 2025, and removing the termination payment obligation previously required if American Creek accepted a superior proposal. The original arrangement agreement, dated September 5, 2024, involves Cunningham Mining acquiring all issued and outstanding common shares of American Creek through a statutory plan of arrangement under British Columbia law.
American Creek Resources announces overwhelming shareholder approval for its plan of arrangement with Cunningham Mining. The special resolution was approved by 99.3% of shareholders and 99.28% of minority shareholders at the November 27, 2024 meeting, where 65.24% of outstanding shares were represented. The company also received final court approval from the Supreme Court of British Columbia on November 29, 2024. The arrangement, once all conditions are met, will result in Cunningham Mining acquiring all issued and outstanding common shares of American Creek.
American Creek Resources announces the mailing of meeting materials for its annual general and special meeting on November 27, 2024, where shareholders will vote on a plan of arrangement with Cunningham Mining. Under the arrangement, Cunningham Mining will acquire all outstanding American Creek shares at $0.43 per share. The company has received an interim order from the Supreme Court of British Columbia for the arrangement. The board of directors unanimously recommends shareholders vote FOR the arrangement. The meeting will be held in Vancouver, with October 23, 2024, set as the record date for voting eligibility.
American Creek Resources announces positive metallurgical test results from the Goldstorm Deposit at Treaty Creek Project. The Lower CS-600 sub-domain testing showed impressive flotation recoveries of up to 88.1% copper, 63.8% gold, and 51.3% silver. The tests produced high-grade copper concentrate exceeding 29% copper with gold and silver grades of 33 g/t and 96 g/t respectively. Previous testing on gold-dominant domains 300H and DS5 demonstrated gold recoveries exceeding 94% for the Albion process and 98% for pressure oxidation tests. The lower portion of CS-600 has sufficient volume to mine and process 40,000 tpd over 17 years.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) announces that its JV partner Tudor Gold has discovered a fourth high-grade gold target, Supercell-1D (SC-1D), at the Treaty Creek Project in British Columbia's Golden Triangle. Key highlights include:
- Drillhole GS-24-187 intersected 10.92 g/t AuEQ over 3.00 m within SC-1C and 5.70 g/t AuEQ over 3.00 m within SC-1D
- The gold-rich Supercell-One (SC-1) system spans up to 800 m in length by 400 m in depth
- All four stacked, sub-parallel structures remain open in all directions and to depth
- The Goldstorm Deposit now contains a high-grade component traceable for over 800 m along a northern axis
Tudor Gold's CEO Ken Konkin emphasized the potential of the Supercell Complex to enhance the economic advantage of the Treaty Creek Project.
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