American Creek extends Tudor’s Electrum purchase option

Sep 19, 2018

2018-09-19 11:26 ET – News Release

Mr. Kelvin Burton reports

AMERICAN CREEK AGREES TO EXTEND PURCHASE OPTION FOR REMAINDER OF ELECTRUM PROJECT JV TO TUDOR GOLD

American Creek Resources Ltd. has granted Tudor Gold Corp. an extension for the previously announced option to buy out the corporation’s 40-per-cent interest in the Electrum project joint venture located near Stewart, B.C.

Tudor paid the corporation a non-refundable payment of $50,000 upon entering the original agreement. If the option is exercised by Tudor, a further payment of $2.65-million will be made to the corporation on or before Oct. 15, 2018.

This transaction is subject to approval by the TSX Venture Exchange.

About American Creek Resources Ltd.

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-per-cent-owned, past-producing Dunwell mine. Other properties held throughout B.C. include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side and Glitter King.

https://www.americancreek.com/index.php/news/news-2018