RAYMOND, AB, Dec. 11 /CNW/ - American Creek Resources Ltd. is pleased to
report the preliminary results of the 2007 exploration program on the Electrum
Project located in northwest British Columbia, Canada.
The Electrum property is located in a highly mineralized belt of past and
present producing mines in northwest British Columbia. A well-maintained haul
road runs directly from the town of Stewart to the property. This epithermal
structure has produced extremely high grades of gold, silver and electrum in
the past, averaging 1,661 g/t gold and 2,560 g/t silver over 25 years of
small-scale hand mining. Surface exploration in 2005 produced grab samples
with grades to 80,818 g/t silver and chip samples with grades to 54.77 g/t
gold and 14,903 g/t silver over 0.3 m. The 2006 drill program confirmed small
veins grading as high as 440 g/t gold and 400 g/t silver over narrow widths,
along with areas of widely disseminated bulk-tonnage style gold and silver.
The Electrum has two major fault lines resulting in heavy mineralization
but also creating a very complex geological model that appears to be similar
to the Premier-Silbak mine to the south and the Eskay Creek mine to the north.
Because of this, a very methodical approach was taken in this year's drill
program using relatively shallow drilling to learn more about the geological
structure and to further identify targets for proposed deeper drilling next
year. Approximately half of the roughly 1 square kilometre area of exposed
gossans was tested in this year's program with the remainder to be
systematically tested in 2008. While this method may not produce the "quickest
results", management believes it is the best approach to building a sound
geological model that will increase the chance of discovering and proving up
an ore body.
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 relatively shallow holes totaling 12,574 metres
The assay results of 26 holes totaling 7,407 metres have been received.
Unfortunately, the results to date only include sporadic intersections of
relatively low-grade gold and silver highlighted by a 50.36 m intersection of
1.06 g/t gold and a 109 m intersection of 12.25 g/t silver. The balance of the
Electrum drill results (5,167 metres over 18 holes) should be received in the
first quarter of 2008. Once these are available, the next phase of the drill
program, which will likely include deeper drill targets, will be determined.
Macdonald J. Millard, P. Eng., P. Geo., is the Qualified Person for the
Electrum Project for purposes of National Instrument 43-101 and has verified
and approved the content of this news release.
In 2007 American Creek Resources undertook an aggressive exploration
program, running three major projects. The Electrum Project, the Treaty Creek
Project and the Tide Project all show the potential to host significant grades
of gold, silver and base metals. With the most recent acquisition of its
interest in the Treaty Creek property, American Creek Resources is
strategically positioned in one of the highest gold/copper belts in the world
and is immediately next to what is becoming one of North America's largest
Preliminary results from the 2007 Treaty Creek drill program were also
released today and can be found on the Corporation's website at
American Creek management is eagerly anticipating the receipt of the
remaining assay results from the Electrum, Treaty Creek and Tide projects. The
exploration conducted this year is expected to produce the geological
foundation leading to an even more promising 2008 season.
American Creek Resources Ltd. is an aggressive junior mineral exploration
company focused on the acquisition, exploration and development of gold and
silver 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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Darren R. Blaney, Chief Operating Officer,
Phone: (403) 752-4040, Fax: (403) 752-4020, or Email:
email@example.com. Information relating to the Corporation is
available on its website at www.americancreek.com