American Creek's JV Partner Tudor Gold Discovers a Fourth High-Grade Gold Target, Supercell-1D (SC-1D) at Treaty Creek, Golden Triangle of British Columbia; Intersects 10.92 g/t Gold Equivalent (AuEQ) over 3.00 Meters Within Supercell-1C (SC-1C) and 5.70 g/t AuEQ over 3.00 Meters Within SC-1D

Rhea-AI Summary

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.

Positive

• Discovery of a fourth high-grade gold target (SC-1D) at Treaty Creek
• High-grade intersections: 10.92 g/t AuEQ over 3.00 m (SC-1C) and 5.70 g/t AuEQ over 3.00 m (SC-1D)
• Expansion of the Supercell-One system to 800 m in length by 400 m in depth
• All four structures remain open in all directions, indicating potential for further growth
• Potential for enhancing the economic advantage of the Treaty Creek Project

Negative

• None.

Cardston, Alberta--(Newsfile Corp. - October 9, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF)("the Corporation" or "American Creek") is pleased to announce that project operator and JV partner Tudor Gold ("Tudor") has produced the results from the final three drill-holes completed from the 2024 exploration drilling program (the "Program") that totaled 10,530 meters (m) at the flagship Treaty Creek Project, located in the heart of the Golden Triangle of Northwestern British Columbia.

The Supercell-One Zone (SC-1) was identified earlier this year to represent a significant potential economic target that is within, and peripheral to, the CS-600 Domain (see press releases dated February 2nd, August 14th, and September 11th, 2024). The discovery of a fourth sub-parallel gold bearing breccia system (SC-1D) continues the expansion of the Supercell-One system. 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 a newly discovered SC-1D zone, both occurring within a strongly mineralized envelope that returned 1.43 g/t AuEQ over 99.00 m. The gold-rich SC-1 system occurs within an area measuring 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.

Drilling Highlights:

Hole GS-24-185 intersected a 150 m eastward step-out of the CS-600 Domain and the new SC-1D zone.

• CS-600: 1.01 g/t AuEQ over 200.50 m (0.92 g/t Au, 2.69 g/t Ag, 0.05% Cu)

• Including: 2.18 g/t AuEQ over 21.00 m (1.95 g/t Au, 2.92 g/t Ag, 0.17% Cu)

• SC-1D: 9.60 g/t AuEQ over 13.50 m (9.58 g/t Au, 0.44 g/t Ag, 0.01% Cu) - previously reported September 11^th, 2024

Hole GS-24-186 intersected an 85 m northward step-out of the SC-1A zone.

• SC-1A: 10.40 g/t AuEQ over 1.50 m (9.78 g/t Au, 22.46 g/t Ag, 0.02% Cu)

Hole GS-24-187 intersected a 200 m northeastward step-out of the SC-1C zone, a 130 m northward step-out of the SC-1D zone and a 120 m northward step-out of the CS-600 Domain.

• SC-1C: 10.92 g/t AuEQ over 3.00 m (10.89 g/t Au, 0.97 g/t Ag, 0.02% Cu)

• SC-1D: 5.70 g/t AuEQ over 3.00 m (5.65 g/t Au, 0.95 g/t Ag, 0.03% Cu)

• CS-600: 1.22 g/t AuEQ over 115.50 m (0.75 g/t Au, 2.22 g/t Ag, 0.36% Cu)

• Including: 1.68g/t AuEQ over 10.50 m (0.13 g/t Au, 4.76 g/t Ag, 1.22% Cu)

Click the following links to view a plan map and cross sections for holes GS-24-185, 186 and 187.

Ken Konkin, Tudor Gold President and CEO, comments: "We are extremely pleased to announce the continued discovery of multiple sub-parallel, stacked, micro-breccia systems within the Supercell Complex. The consistent high-grade gold intercepts were discovered from the wide-spaced step-out drilling targeting the open-ended CS-600 domain in the northern and eastern areas of the Goldstorm Deposit. Crews were pleasantly surprized to observe consistent gold mineralization within the series of late-stage gold-dominant quartz-pyrite micro-breccia structures. We also reviewed and re-interpreted an earlier intercept from hole GS-24-185 that was initially thought to have been an off-set to Supercell-1C (SC-1C) but subsequent drilling confirmed that this 13.5 m intercept of 9.60 g/t AuEq belongs to Supercell-1D which lies directly below SC-1C as it appears to be an individual splay emanating from SC-1C as a new sub-parallel Supercell-1D (SC-1D). This newly discovered SC-1D was also intersected by drill hole GS-24-187 and yielded 3.0 m of 5.7 g/t AuEq.

Additionally, an 85 m northward step-out with hole GS-24-186 intersected 10.40 g/t AuEq over 1.5 m, within the SC-1A breccia zone, the uppermost micro-breccia system discovered to-date. Our wide-spaced step-out drilling was equally successful in expanding the CS-600 domain well outside the known area of the Goldstorm Deposit towards the northeast. Significant gold, copper and silver mineralization was encountered with the 150 m eastward step-out hole GS-24-185 (1.01 g/t AuEq over 200.5 m) and the 120 m northern step-out hole GS-24-187 that intersected 1.22 g/t AuEq over 115.5 m. Although the Goldstorm Deposit remains open in all directions and at depth, our priority focus is on the Supercell Complex.

This system holds great potential for enhancing the economic advantage of the Treaty Creek Project. The Goldstorm Deposit now contains a high-grade component that can be traced for over 800 m along a northern axis with a moderate westward dipping axis that measures over 400m. Our goal is to expand the limits of the four newly discovered Supercell structures to maximize the economic potential of these gold-dominant breccia systems as a possible starter mine, and to gain access to the CS-600 domain by utilizing the same infrastructure required to potentially mine the Supercell material. It is unknown if we will ever reach the limits of the Goldstorm Deposit as our technical team will concentrate all efforts on the high-grade portions of the Deposit. We plan to review other gold-dominant sub-domains such as R-66 and 300N that appear to have similar structural controls, and are composed of similar quartz-pyrite micro-breccia veinlets, to hopefully add to the growing high-grade gold story of the Goldstorm Deposit at Treaty Creek, within the heart of the Golden Triangle."

Drilling Discussion

Section A

• GS-24-185: This hole was drilled to step out 140 m from previously drilled SC-1C mineralization, as well as infilling CS-600 mineralization at depth. The hole intersected 13.50 m grading 9.60 g/t AuEQ (9.58 g/t Au, 0.44 g/t Ag, 0.01% Cu)* which is now interpreted as occurring within a fourth zone (SC-1D) of the network of subparallel brecciated Supercell-One complex of structures. This hole also intersected 200.50 m grading 1.01 g/t AuEQ (0.92 g/t Au, 2.69 g/t Ag, 0.05% Cu) of the CS-600 Domain representing a 150 m step-out towards the east.

*Previously reported (September 11th, 2024)

• GS-24-186: This hole was drilled to intersect SC-1 structures and CS-600 mineralization to the north. An intercept of 10.40 g/t AuEQ over 1.50 m (9.78 g/t Au, 22.46 g/t Ag, 0.02% Cu) represents an 85 m northward step-out of the SC-1A zone. Additionally, the CS-600 domain was intersected over 45.00 m grading 1.21 g/t AuEQ (0.86 g/t Au, 2.16 g/t Ag, 0.26% Cu).

• GS-24-187: This 150 m - 200 m northeastward step-out hole tested the extents of multiple SC-1 zones as well as the CS-600 Domain. The hole intersected a wide envelope of Au rich mineralization surrounding intercepts of SC-1C and SC-1D zones, totaling 99.00 m grading 1.43 g/t AuEQ (1.36 g/t Au, 2.21 g/t Ag, 0.04% Cu), which included 10.92 g/t AuEQ over 3.00 m (10.89 g/t Au, 0.97 g/t Ag, 0.02% Cu) within the SC-1C zone, and 5.70 g/t AuEQ over 3.00 m (5.65 g/t Au, 0.95 g/t Ag, 0.03% Cu) within the SC-1D zone. A further intercept of CS-600: 1.22 g/t AuEQ over 115.50 m (0.75 g/t Au, 2.22 g/t Ag, 0.36% Cu) expanded the CS-600 domain over 120 m to the north.

Table 1: Drilling Results for Goldstorm Deposit in Press Release October 8, 2024

Section	Hole	Zone	From	To	Interval	Au	Ag	Cu	AuEQ
			(m)	(m)	(m)	(g/t)	(g/t)	(%)	(g/t)
B	GS-24-185	CS-600	1094.00	1294.5	200.50	0.92	2.69	0.05	1.01
		Inc.	1105.50	1126.50	21.00	1.95	2.92	0.17	2.18
	GS-24-186	SC-1A	787.50	789.00	1.50	9.78	22.46	0.02	10.40
		CS-600	1261.50	1306.50	45.00	0.86	2.16	0.26	1.21
		Inc.	1265.00	1288.20	23.20	1.11	2.97	0.47	1.73
A	GS-24-187	SC-1C	919.50	922.50	3.00	10.89	0.97	0.02	10.92
		SC-1D	975.00	978.00	3.00	5.65	0.95	0.03	5.70
		SC-1	919.50	1018.50	99.00	1.36	2.21	0.04	1.43
		CS-600	1074.00	1189.50	115.50	0.75	2.22	0.36	1.22
		Inc.	1098.00	1108.50	10.50	0.13	4.76	1.22	1.68
All assay values are uncut and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5 m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1850/oz, Ag: $21/oz, Cu: $3.75/lb. Calculations used the formula AuEQ = Au g/t + (Ag g/t*0.0100901) + (Cu ppm*0.0001236). All metals are reported in USD and calculations consider recoveries of 90 % for gold, 80 % for copper, and 80 % for silver.
True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.

 

Table 2: Drill data for holes in Press Release October 8, 2024

Section	Hole ID	UTM E NAD 83	UTM N NAD 83	Elevation (m)	Azi (ᵒ)	Dip (ᵒ)	Depth (m)
B	GS-24-185	429306	6274219	1373	240	-76	1350
A	GS-24-186	428982	6274265	1462	265	-82	1566
B	GS-24-187	429306	6274219	1373	265	-83	1440

 

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") is Tudor Gold's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

QA/QC

Diamond drill core samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and assayed at MSA Labs' Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories' quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of Tudor Gold.

About Treaty Creek

The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. As disclosed in the "NI-43-101 Technical Report for the Treaty Creek Project", dated April 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy & Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ grading 1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87 billion pounds (Blbs) copper grading 0.18%, 128.73 Moz silver grading 5.48 g/t) and an Inferred Mineral Resource of 6.03 Moz of AuEQ grading 1.25 g/t AuEQ (4.88 Moz gold grading 1.01 g/t, 503.2 Mlb copper grading 0.15%, 28.97 Moz silver grading 6.02 g/t), with a pit constrained cut-off of 0.7 g/t AuEQ and an underground cut-off of 0.75 g/t AuEQ.

The Goldstorm Deposit has been categorized into three dominant mineral domains and several smaller mineral domains. The CS-600 domain largely consists of nested pulses of diorite intrusive stocks and hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated Mineral Resource of 15.65 Moz AuEQ grading 1.22 g/t AuEQ (9.99 Moz gold grading 0.78 g/t, 2.73 Blbs copper grading 0.31%, 73.47 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 2.86 Moz AuEQ grading 1.20 g/t AuEQ (1.87 Moz gold grading 0.79 g/t, 475.6 Mlb copper grading 0.29%, 13.4 Moz silver grading 5.63 g/t). The Goldstorm Deposit remains open in all directions and requires further exploration drilling to determine the size and extent of the Deposit.

¹ AuEq = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)

Treaty Creek JV Partnership

American Creek is a proud partner in the Treaty Creek Project.

The project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek.

American Creek and Teuton hold fully carried 20% interests, which means no development costs are incurred by these companies until a production notice is issued. This gives shareholders a unique opportunity, to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world's most exciting mega deposits.

About American Creek

American Creek is a Canadian junior mineral exploration company with gold and silver properties in British Columbia, Canada.

The Corporation has an interest in the Treaty Creek property, a joint venture project with Tudor Gold located in BC's prolific "Golden Triangle".

The Corporation also holds the Austruck-Bonanza gold property located near Kamloops.

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.

Cautionary Statements regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Corporation expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Corporation's planned exploration activities will be completed in a timely manner. Although the assumptions made by the Corporation in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators.

Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226072

FAQ

What is the new gold target discovered at Treaty Creek by American Creek's JV partner Tudor Gold?

Tudor Gold has discovered a fourth high-grade gold target called Supercell-1D (SC-1D) at the Treaty Creek Project in British Columbia's Golden Triangle.

What were the significant gold intersections reported in the recent drilling at Treaty Creek for ACKRF?

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 the newly discovered SC-1D zone.

What is the size of the Supercell-One (SC-1) system at Treaty Creek for American Creek Resources (ACKRF)?

The gold-rich Supercell-One (SC-1) system at Treaty Creek spans up to 800 m in length by 400 m in depth.

Are the newly discovered structures at Treaty Creek open for expansion for ACKRF?

Yes, all four stacked, sub-parallel structures discovered at Treaty Creek remain open in all directions and to depth, indicating potential for further expansion.