Workflow
American Creek's JV Partner Tudor Gold Commences 2025 Exploration Drill Program at Treaty Creek
AssetMarkAssetMark(US:AMK) Newsfileยท2025-06-20 11:30

Core Viewpoint - American Creek Resources Ltd. announces the commencement of the 2025 exploration drill program at the Treaty Creek Project, aiming to expand high-grade gold resources in the Goldstorm Deposit [1][2]. Exploration Program - Phase 1 drilling consists of seven holes totaling approximately 6,000 meters at the Goldstorm Deposit, focusing on expanding the high-grade gold Supercell-One system (SC-1) discovered in 2024 [2]. - The SC-1 system is a gold-dominant, quartz-sulphide, breccia-hosted structural corridor, with potential for further high-grade discoveries in a 600 m by 400 m area [2]. Drill Results - Notable high-grade gold intercepts from SC-1 include: - GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) AuEQ [5] - GS-22-134: 25.50 m @ 9.96 g/t AuEQ, including 4.50 m @ 20.86 g/t AuEQ [5] - GS-23-179: 12.00 m @ 10.07 g/t AuEQ [5] - Additional high-grade intercepts from the 300H and 300N Domains were also reported [3]. Future Phases - Phase 2 will involve an additional 1,600 meters of drilling, contingent on Phase 1 success [8]. - Phase 3 will focus on underground exploration with two geotechnical diamond drill holes totaling approximately 500 meters [8]. Project Overview - The Treaty Creek Project hosts the Goldstorm Deposit, which has an Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ grading 1.19 g/t AuEQ [11]. - The Goldstorm Deposit remains open in all directions, indicating the need for further exploration [12]. Joint Venture Structure - American Creek holds a 20% carried interest in the Treaty Creek Project, while Tudor Gold holds a 60% interest and acts as the operator [14]. - A recent Binding Letter of Intent indicates Tudor's intention to acquire all outstanding shares of American Creek, which would increase Tudor's interest in the project to 80% [14].