American Creek drills 121.8 m of 1.03 g/t Au at Treaty
2018-08-27 10:03 ET – News Release
An anonymous director reports
AMERICAN CREEK REPORTS ON FIRST TWO 2018 HOLES AT TREATY CREEK INCLUDING 1.036 G/T GOLD OVER 121.8 METERS AND FIRST SIGHTING OF VISIBLE GOLD IN CORE
American Creek Resources Ltd. has released initial results from the 2018 Tudor Gold Corp. drill program at the Copper Belle zone of the company’s Treaty Creek property in British Columbia’s Golden Triangle. Gold, silver and copper analyses have been received from the first two holes. To date, five holes have been completed (totalling 3,899 metres). The sixth and seventh holes are proceeding.
The gold assays from the first two drill holes indicate broad intervals of more than 300 metres of gold mineralization that have expanded the known area of the Copper Belle zone, providing positive results that will be used in future resource calculations. Significantly, the first sighting of coarse visible gold has been made within an interval that assayed 26.6 grams per tonne gold over 1.5 metres in hole CB-18-32.
Walter Storm, president and chief executive officer of Tudor Gold, commented: “We are extremely encouraged by the broad intervals of gold mineralization encountered in the first two drill holes of the season at Copper Belle. The large stepouts with the drills will quickly evaluate a significant area of the porphyry system and we are prepared to drill deeper holes to explore the indications of continuing gold mineralization at depth. In addition, there is a three-kilometre interval between Tudor Gold’s Copper Belle discovery and Seabridge Gold’s Iron Cap deposit in which our magnetotelluric geophysical survey has identified strongly anomalous targets that have yet to be drill tested.”
CB-18-31, the first hole of the season, is a stepout hole that has expanded the known extent of the Copper Belle zone about 100 metres to the west of previous drilling. CB-18-32, which is located 190 metres south of hole No. 31, has also extended the zone more than 100 metres to the west. Current drilling continues to step out successfully to the west in large jumps of 100 metres to 150 metres, providing information about a sizeable portion of the porphyry-style mineralized system. The Copper Belle zone appears to be a relatively flat-lying body that is located along trend and to the northeast of the Iron Cap gold-copper deposit on the adjacent property of Seabridge Gold. Holes at Copper Belle in 2018 are testing a magnetic high that measures about 600 metres by 500 metres and has previously only been drilled along its eastern and southern margins.
CB-18-31 intersected a 302-metre-long mineralized interval from 392 metres to 694 metres that averaged 0.471 g/t gold. Within this section are zones of more intense silica alteration that contain greater concentrations of pyritic mineralization, which have returned higher gold values, such as 1.908 g/t Au over 20.5 metres.
CB-18-32 intersected two broad zones of mineralization. The upper zone averages 0.662 g/t gold over 337.8 metres and also contains intervals of stronger alteration and mineralization, such as 1.036 g/t gold over 121.8 metres and 0.8 g/t gold over 49.5 metres. The lower zone, 90 metres down hole from the first, averages 0.395 g/t gold over 169.5 metres with higher-grade intervals, such as 0.758 g/t gold over 31.5 metres. Strong mineralization is present at the end of hole No. 32, indicating very good potential for continuing gold values at depth.
Gold results for holes CB-18-31 and CB-18-32 are summarized in the attached table.
Hole ID EOH (m) From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Comments
CB-18-31 748.0 392.0 694.0 302.0 0.471 1.5 0.010 -
including 392.0 428.0 36.0 0.681 3.8 0.016 -
and 479.5 500.0 20.5 1.908 3.5 0.010 -
and 528.9 599.5 70.6 0.660 1.9 0.016 -
and 634.0 640.0 6.0 2.112 2.0 0.003 -
and 662.6 680.5 17.9 0.620 2.4 0.019 -
CB-18-32 794.0 194.7 532.5 337.8 0.662 1.9 0.016 -
including 194.7 316.5 121.8 1.036 106.0 - with 37 m at 2.2 g/t Au
and 368.8 389.5 20.7 0.751 5.1 0.019 -
and 413.7 426.5 12.8 0.662 8.2 0.128 -
and 451.5 460.5 9.0 0.849 1.3 0.019 -
and 483.0 532.5 49.5 0.800 2.7 0.002 with 18 m at 1.477 g/t Au
623.0 792.5 169.5 0.395 1.5 0.025 -
including 636.5 651.5 15.0 0.439 1.9 0.003 -
and 689.0 697.0 8.0 0.867 5.7 0.003 -
and 708.8 741.5 32.7 0.530 1.4 0.044 -
and 752.0 783.5 31.5 0.758 2.0 0.049 with 6.0 m at 1.282 g/t Au
Earlier in the season, field crews examined and channel sampled a new zone of porphyry-style veining that has recently been exposed by retreating glacial ice. This area is about 1.1 kilometres southwest of the Copper Belle zone, toward the Iron Cap deposit, and has not been previously sampled. Of the 12 samples, several were anomalous in gold, with values such as 0.522 g/t gold over 1.5 metres. Additional sampling in this new zone is planned.
Qualified person
The qualified person for the Treaty Creek results in this new release is James McCrea, PGeo, 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.
About American Creek Resources Ltd.
American Creek Resources holds a strong portfolio of gold and silver properties in British Columbia.
We seek Safe Harbor.
https://www.americancreek.com/index.php/news/news-2018
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