RAYMOND, AB, July 8 /CNW/ - American Creek Resources Ltd. ("American Creek" and the "Company") (AMK:TSX-V) is pleased to report assay results from selected rock chip samples on the Electrum Property located in northwest British Columbia, Canada.
In June of 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 (Table 1). A total of 15 samples were taken in 2010.
The sampling was focused on extending the mineralized zones to the south of the historic East Gold mine in an area with little previous drilling. A high-grade gold and silver mineralized area has been delineated, using both 2010 and 2008 samples, on surface over an extension of 500x500 metres.
Table 1. Electrum Property 2010 select rock chip-samples Assay Results (from the 15 taken).
Sample No. Au (g/t) Au (oz/t) Ag (g/t) Ag (oz/t)
E686762 694.00 20.24 550.00 16.04
greater than greater than
E686754 71.80 2.09 10000.00 291.67
E686759 5.64 0.16 161.00 4.70
E686751 5.21 0.15 2800.00 81.67
E686753 2.18 0.06 179.00 5.22
E686755 0.28 0.01 86.90 2.53
E686765 1.88 0.05 17.40 0.51
E686763 0.81 0.02 13.70 0.40
E686764 0.55 0.02 6.77 0.20
Table 2. Electrum Property 2008 select rock chip-samples Assay Results.
Tag No. Au(g/t) Au(oz/t) Ag(g/t) Ag(oz/t)
8R187888 615 17.94 616 17.97
8R187836 131 3.82 2862 83.48
8R187859 78.7 2.30 114 3.33
8R187837 13.4 0.39 232 6.77
8R187865 11.3 0.33 2579 75.22
8R187848 9.1 0.27 480 14.00
8R187838 3.75 0.11 96.6 2.82
8R187883 3.71 0.11 208 6.07
8R187835 3.25 0.10 326 9.51
8R187881 3.1 0.09 164 4.78
8R187876 2.71 0.08 36.2 1.06
8R187840 2.35 0.07 318 9.27
8R187841 2.05 0.06 198 5.77
8R187867 1.76 0.05 84 2.45
8R187846 0.94 0.03 48.3 1.41
8R187839 0.84 0.02 94.5 2.76
8R187864 0.63 0.02 74.2 2.16
8R187887 0.54 0.02 100 2.92
8R187877 0.49 0.01 86.5 2.52
The Electrum Property, located near Stewart, B.C., is 100% owned by American Creek and is part of a highly mineralized belt of past producing mines, several of which are expected to re-open. The property encompasses the historic East Gold mine. The East Gold Mine had intermittent small-scale production between 1939 and 1965, producing approximately 46 tonnes of hand-picked ore with average returning grades of 1,661 g/t (48.4 oz/t) gold and 2,596 g/t (75.7 oz/t) silver.
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 meters.
The 2006 drill program, comprised of 2,795 meters over 21 holes, confirmed veins grading as high as 440 g/t gold and 400 g/t silver over narrow widths. 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 include 2.6 meters of 3.01 g/t gold with 2.05 g/t silver, 2 meters of 29.9 g/t gold with 10.2 g/t silver, 6 meters of 1.70 g/t gold with 2.2 g/t silver, 1.9 meters of 9.30 g/t gold with 39.5 g/t silver, and 31 meters of 0.53 g/t gold with 2.49 g/t silver.
Because it was necessary for American Creek to focus on the Treaty Creek Project (also located near Stewart, B.C.) in 2008 and 2009, the Company was not able to run an extensive exploration program on the Electrum Project during those years. Darren Blaney, COO, stated, "We're anxious to get back on the Electrum. It has produced some very positive results in the past, and we expect that trend to continue in 2010." The Company is analyzing the results of the recent sampling together with those from 2008 in order to establish new drill targets. Details of the 2010 exploration programs will be announced at a later date.
Raul Sanabria (P.Geo.) is the Qualified Person for the purposes of National Instrument 43-101 and has verified and approved the contents of this news release. Mr. Sanabria stepped down as the Company's Vice President, Exploration effective June 10, 2010.
American Creek Resources Ltd. is a Canadian 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.
SOURCE AMERICAN CREEK RESOURCES LTD.
For further information: For further information: please contact 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