American Creek assay results confirm promising iron ore targets on Ironmist Project


    RAYMOND, AB, Oct. 20 /CNW/ - American Creek Resources Ltd. is pleased to
report assay results from rock samples in preliminary exploration of the
Ironmist Project (formerly the Goldmist Project), in south-central British
Columbia, resulting in the discovery of several promising iron ore targets.
    The program, which focused on a large magnetic anomaly identified in a
previous airborne geophysical survey, resulted in the discovery of massive
magnetite seams and pods, some of which exceeded 1 meter in width, with up to
15 meters of surface exposure. Magnetite disseminations, seams and rich pods
appear to be associated with a skarn mineralization. The iron mineralization
occurs as massive replacements and disseminations of magnetite in the contact
of a complex gabbro-diorite intrusion and metasediments of the Harper Ranch
formation (volcaniclastics and sedimentary rocks).
    A ground magnetic survey (portable magnetometer) carried out in May and
June, 2008, utilizing 25x25 meter sample intervals combined with soil samples,
revealed three well-defined magnetic-high anomalies (see American Creek
Resources Ltd., press release August 14, 2008) and a Vanadium anomaly in soil
coincident with the main magnetic anomalies.
    Two of the magnetic anomalies, Iron Mist (240x300 meters) and Iron Ridge
(650x250 meters), were later surveyed with a portable magnetometer in a
5x5 meter spacing grid in order to define continuity of exposed magnetite-rich
seams covered with overburden. The third anomaly, Irony (550x250), shows
disseminated magnetite in a coarse-grained hornblende-diorite intrusion.
Several other anomalies, smaller in size, were identified and have the
potential to host iron mineralization.
    The samples taken from the Ironmist anomaly (shown in Table 1) confirm
production grade iron at surface along with Vanadium associated with the iron.
Depending on logistics and other factors, iron can be minable at a 20% grade.
Equally important were the relatively low amounts of titanium and phosphorous
which can degrade the iron. Darren Blaney, C.O.O., stated: "The assays confirm
that the iron content in the magnetite samples is a grade similar to many iron
mines in production. The next step in defining an ore body will be to test the
continuation of these grades at depth." The Corporation has submitted a permit
application to the Ministry of Mines for a contemplated fall drill program.
    The Ironmist Property is located at the southern end of the Quesnel
Trough (south-central British Columbia, Canada). This mineral-rich belt has
produced more than 10 major past producing lode and placer mining camps
totaling some $50 billion worth of metals at today's prices. This area also
has excellent infrastructure: not only is the Ironmist Property only 60 km
from a major center (Kamloops, pop: 93,000) but a highway, railway, high
transmission power lines, and river run through the property (4.5 km from
drill targets). It is also relatively close to Canada's west coast, with
shipping access to world markets.
    Raul Sanabria, M.Sc., EurGeol., is the "Qualified Person" for the
purposes of National Instrument 43-101 for the Goldmist Project. Mr. Sanabria
has reviewed 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.

    Table 1. Assays returned from rock samples on the Ironmist anomaly are
    shown in the following table:

    Sample   Fe (%) V(2)O(5)% TiO(2)% P(2)O(5)%  Al(2)O(3)%  MgO%  CaO%  NaO%
    8R187810  27.4     0.23    0.47     0.103      1.68     1.44  1.34  0.13
    8R187811  43.5     0.40    0.50     0.002      1.47     1.34  0.52  0.05
    8R187812  34.2     0.34    0.48     0.002      1.85     1.69  0.76  0.05
    8R187813  51.9     0.39    0.52     0.002      2.15     1.92  0.46  0.05
    8R187814  13.5     0.13    0.48     0.014      2.36     2.16  2.06  0.20
    8R187815  8.61     0.10    0.38     0.060      2.64     2.52  2.35  0.28
    8R187816  15.3     0.13    0.42     0.007      1.66     1.39  1.48  0.08
    8R187817  7.82     0.07    0.40     0.044      3.48     2.97  1.97  0.24
    8R187818  6.51     0.06    0.45     0.192      4.14     3.18  2.59  0.24
    8R187819  24.9     0.21    0.45     0.048      2.34     1.87  1.19  0.07
    8R187820    42     0.30    0.47     0.002      2.27     1.84  0.56  0.04
    8R187821  39.2     0.29    0.43     0.002      2.30     1.91  0.77  0.07
    8R187822  23.8     0.19    0.48     0.002      2.32     1.77  1.34  0.09
    8R187823  17.8     0.15    0.37     0.160      2.95     2.21  1.44  0.07
    8R187824  17.7     0.20    0.40     0.002      1.49     1.36  1.33  0.12
    8R187825  21.3     0.22    0.47     0.002      1.55     1.41  1.20  0.09
    8R187826  38.2     0.27    0.40     0.002      2.70     1.76  0.77  0.03
    8R187827  47.3     0.35    0.60     0.002      2.15     1.67  0.77  0.05
    8R187828  49.6     0.32    0.50     0.002      2.42     1.62  0.38  0.01
    8R187829  43.9     0.33    0.57     0.002      2.36     1.99  0.73  0.05
    8R187830  58.6     0.39    0.50     0.002      0.66     0.30  0.11  0.01
    8R187831  61.7     0.38    0.55     0.002      0.76     0.45  0.14  0.01
    8R187832  55.2     0.38    0.47     0.002      1.15     0.76  0.21  0.03

    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.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Kelvin Burton, Phone: (403) 752-4040, Fax:
(403) 752-4020, or Email:; Information relating to
the Corporation is available on its website at

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