RAYMOND, AB, Aug. 17 /CNW/ - American Creek Resources Ltd. (the
"Corporation") is pleased to announce that the 2009 Treaty Creek exploration
program is fully underway with two drills turning. As previously announced,
the program will consist of a combination of geochemical sampling, ground
geophysics and up to 5,000 meters of diamond drilling. More Core Drilling Ltd.
of Prince George, BC is conducting the drilling with Prism Helicopters
contracted to supply air support.
The 2009 program is designed to examine historical areas of interest and
to follow up on positive results from the 2007 program.
Allan Burton, President and CEO stated: "We're excited to be back
drilling Treaty Creek again and look forward to moving the project forward.
Everything is on schedule and going as planned."
In March, 2007, American Creek Resources entered into an option agreement
with Teuton Resources Corp. (TUO: TSX-V) for the controlling interest in the
Treaty Creek property. American Creek was granted the right to earn a 51%
interest by spending $5 million on exploration over a period of three years.
The Corporation plans to complete the 51% earn-in during the next few weeks.
An additional 9% interest (bringing American Creek's total interest to 60%)
may be earned by funding a positive feasibility study. American Creek is the
operator of the project.
Raul Sanabria, P. Geo., is the Qualified Person for the purposes of
National Instrument 43-101 for the Treaty Creek Project and will be managing
the 2009 exploration program. Mr. Sanabria has verified and approved the
contents of this news release.
American Creek Resources Ltd. is a Canadian junior mineral exploration
company focused on the acquisition, exploration and development of mineral
deposits within the Province of British Columbia, Canada.
Certain information contained in this news release constitutes
forward-looking statements regarding the Corporation's mineral properties.
Forward looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate" or statements
that certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the reasonable opinions and estimates of management of
American Creek and are subject to a variety of risks, uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors include: the
inherent risks involved in the exploration and development of mineral
properties, uncertainties involved in the interpretation of drill results and
other geological data, fluctuating commodity prices, unforeseen permitting
requirements, changes in environmental laws or regulations, the possibility of
project cost overruns or unanticipated costs and expenses, weather conditions,
the availability of contractors for equipment and services, the availability
of future financing and general business and economic conditions. Such
statements are also based on a number of assumptions which may prove to be
incorrect, including assumptions about general business and economic
conditions being accurate, the timing and receipt of regulatory approvals for
projects and operations, the availability of financing, the ability to secure
equipment and labour, and American Creek's ongoing relationship with third
parties. The foregoing factors, risks and assumptions are not exhaustive.
Events or circumstances could cause actual events or results to differ
materially from those estimated or projected and expressed in, or implied by,
these forward-looking statements. Accordingly, readers should not place undue
reliance on forward-looking statements. These forward-looking statements are
as of the date they are made and American Creek disclaims any obligation to
update any forward-looking statements, except as required by law.
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.
For further information:
For further information: Darren Blaney at: Phone: (403) 752-4040 or
Email: email@example.com; Information relating to the Corporation is
available on its website at www.americancreek.com.