🕐11.07.11 - 23:27 Uhr

AMERICAN CREEK SET FOR EXPLORATION IN BCS PROLIFIC "GOLDEN TRIANGLE"





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American Creek Set For Exploration In BCs Prolific
"Golden Triangle"

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Nestled nicely in British Columbia’s prolific “Golden Triangle” mining haven, American Creek Resources (TSX-V: AMK) is embarking upon an exploration program on its 100% owned Electrum gold/silver property. Located in a valley that boasts 4 past producing commercial mines, and hosting the historic East Gold Mine which has produced some of the highest grade ore ever mined in North America, American Creek believes that this upcoming exploration program will create a truly exceptional opportunity for both the company and its shareholders.

American Creek also recently announced exploration plans for its 100% owned Ironmist iron/vanadium project near Kamloops, British Columbia, due to commence July 12th 2011. Combined with a speculative buy recommendation from Quanto Independent Equity Research, and continued strength in the commodities market, the future is looking bright for this Canadian junior.

“With management’s indication that they will commence a drill program on Electrum this season, it’s very possible that the investment community will be reminded of the enormous potential value of this property and push the share price higher.” Quanto Independent Equity Research Report.

A Mine with a Story
Steeped in exploration history, the “Golden Triangle” encompasses prolific mineral-rich belts that have hosted 7 past-producing commercial mines. With 5 of these mines located in the same valley range as American Creek, extending from Stewart BC to the Frank Mackie glacier, and a past-producing private mine actually on the Electrum property, the company couldn’t be more fortuitously located.

Located on the Electrum property, small-scale production began on the East Gold Mine in 1939 and continued until 1964. The mine produced approximately 45 tonnes of hand-cobbed ore grading 1,661 g/t (48.5 oz/ton) gold and 2,596 g/t (75.7 oz/ton) silver. Amazingly, the mining was largely the work of one sole operator; Al Philips. Because there were no roads at the time, he reportedly carried the ore out on his back and by horse. Sadly, Philips was killed during blasting in 1965.

Cue American Creek
American Creek acquired the claims in 2004 and, in a significantly more modern environment, endeavoured to bring to the property the glory that Philips had once dreamed for it. Surface exploration in 2005 produced chip samples with grades to 80 g/t gold with 80,818 g/t silver and 54.77 g/t gold with 14,903 g/t silver over 0.3 meters.

The 2006 drill program comprised of 2,795 meters over 21 holes and confirmed veins grading as high as 440 g/t gold and 400 g/t silver over narrow widths, while the 2007 drill program was designed to begin the process of mapping and designing geological models for the property and to identify targets for deeper drilling. 

A total of 45 holes totaling 12,574 meters were completed. Highlights included 31.4 g/t gold with 19 g/t silver over 2m, 38.4 g/t gold with 13.5 g/t silver over 0.45m, 29.9 g/t gold with 10.2 g/t silver over 2m, 9.3 g/t gold with 39.5 g/t silver over 1.9m, and 1.06 g/t gold over 50m.

2008 and 2009 saw American Creek focus turn to the Treaty Creek Project for legal reasons, and as a result, extensive exploration plans for Electrum were put on hold. In July 2010 however, Electrum was back in business with terrific assay results from chip samples on the property.

According to a press release issued July 8th 2010:

“American Creek conducted follow-up chip sampling from a number of consistent epithermal breccia-veins that appear to control the precious metal mineralization within the property.

A chip sample of 694 g/t gold and 550 g/t silver was obtained along a gold-bearing system of closely spaced epithermal breccia-veins exposed on surface in continuous outcrop for over 50 meters. This sample was taken from an inferred dilation area of an epithermal vein 8 meters from a sample collected in 2008 that returned values of 78.7 g/t gold with 114 g/t silver and 48 meters from a sample also collected in 2008 that returned values of 615 g/t gold with 616 g/t silver.

Assays grading 71.8 g/t gold with over 10,000 g/t silver and another grading 5.21 g/t gold with 2,800 g/t silver were obtained from other chip samples collected near the former East Gold mine. Similar veins on the property returned high-grade gold and silver values. A total of 15 samples were taken in 2010.”

2011 Exploration
Now in 2011, with its most aggressive exploration program yet due to commence on July 18th, it’s full steam ahead for American Creek. The company has retained SRK Consulting to compile data and generate targets which will assist in planning the program. Specific details are due to be released once planning has been finalized but initial work will include detailed mapping of newly discovered veins on the property.

Leading the American Creek exploration team into bullion battle is Frank O’Grady, P.Eng., senior geologist for the project and the Qualified Person pursuant to NI 43-101. A geologist and mining engineer, O’Grady has extensive experience drilling and mining both on surface and underground.  He was involved in discovering a deposit which became a mine, and has been instrumental in increasing the resources and efficiencies of mines in production.  With decades of experience across North America, O’Grady has the exploration know-how to get the best out of Electrum, and all that its history and location promise.

Location, Location, Location
Location is, of course, a crucial factor when it comes to mining and the American Creek team has been particularly fortunate with theirs. Aside from the exceptional logistics in place, with infrastructure nearby and an existing shipping port just 40 kilometres away, it is Electrums neighbors that really stamp the seal of success on the area.

Copper Fox’ (TSX-V: CUU) Schaft Creek lies 123 kilometres northwest of Electrum and brings a resource of 8 million ounces of gold and 7 billion pounds of copper to the “Golden Triangle” table. 119 kilometres northwest of Electrum is Nova Gold/Teck Cominco’s (TSX-V: NG, TSX-V: TCK) Galore Creek with an impressive 10.6 million ounces of gold, 184 million ounces of silver and 12.4 billion pounds of copper.  Only 30 kilometres northwest of Electrum sits Seabridge Gold’s  (TSX-V: SEA) Kerr-Sulphurets-Mitchell with an astounding resource of 59.8 million ounces of gold, 356 million ounces of silver 16 billion pounds of copper and 399.8 million pounds of molybdenum.

Geologically, Electrum is similar to the past-producing Premier Silbak mine, located 17 kilometres south of the American Creek property. Past-production on Silbak yielded 2 million ounces of gold, 47 million ounces of silver, 54 million pounds of lead, 17 million pounds of zinc and 4 million pounds of copper. If its neighbour’s success and its own rich history are anything to go by, American Creek is in for an exciting run with Electrum.

Ironmist
American Creek also plans to commence exploration on its Ironmist iron/vanadium project near Kamloops, British Columbia. Ironmist is located at the southern end of the Quesnel Trough, a mineral rich belt that has produced more than 10 major past-producing lode and placer mining camps.

A drill program completed in November 2009 led to the discovery of multiple massive magnetite seams and pods on the property. All seven holes drilled intersected broad intervals of magnetite mineralization with three of them ending while still within magnetite-rich mineralized zones. This preliminary drill program not only confirmed significant magnetite mineralization at depth, but also indicates that several additional anomalies identified on the property may have the potential to host iron mineralization.

Due to begin July 12th, the 2011 program will see a team of three geologists conduct surface sampling and mapping in a bid to identify future drill targets.  Diamond drilling is expected to follow.  Mike Becherer, P.Geo., is the senior geologist for the project and the Qualified Person pursuant to NI 43-101.  Assisting Becherer will be Malcolm Warwick, who has extensive experience with magnetite deposits similar to the Ironmist, and Desmond O’Brien, who was involved with the work previously done on the project.

Used almost exclusively in the production of steel, iron ore is commonly regarded as one of the world’s most important minerals. With China storming ahead as the world’s leading steel producer, essentially driving global steel markets with an annualized production rate of over 500 million tones, demand for iron is strong, and showing no signs of slowing down. Demand is superseding production and that leaves American Creek, with a stake in a mineral-rich past-producing iron belt, in a very powerful position.

Riddled With Promise
Standing by its company objective to “provide our shareholders with an exceptional opportunity for growth and profit by positioning ourselves ahead of what many experts believe will be one of the biggest bull runs in precious metals history”, American Creek  appears to be doing just that. Situated alongside some of the largest mining projects in the world, on historically successful ground practically riddled with promise, American Creek Resources are in with a very good chance of doing Al Philips proud.

Follow the company’s progress at

Click the image below for a 1 minute introduction to the Electrum project.


1 minute introduction to the American Creek Electrum project

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