American Creek Resources Authorizes Seabridge Gold To Conduct Geophysical Survey On Treaty Creek Property
(via Thenewswire.ca)
American Creek Resources Ltd. (AMK: TSX-V) (the "Company") is pleased to announce that in response to a request for permission, it has authorized Seabridge Gold Inc. (SEA:TSX, SA:AMEX, SA:NYSE) ("Seabridge") to conduct a magnetotelluric geophysical survey on the Company's Treaty Creek Project. The survey will be conducted along the tunnel route proposed by Seabridge. The goal of the survey is to detect significant structural zones and lithological changes at depths between 1.0 and 3.0 kilometers. It is anticipated that the program will begin mid-July, 2011. Seabridge will provide American Creek with the original data collected on the property and the interpretation of that data. All costs associated with the survey will be borne by Seabridge.
The Treaty Creek Project is located in northwest British Columbia, Canada. The property is contiguous with Seabridge's KSM property, one of the largest undeveloped gold/silver/copper projects in the world. In the Preliminary Feasibility Study dated May 2, 2011, Seabridge proposes to construct twin tunnels crossing the Treaty Creek property from its southern boundary, where it joins the KSM property, to its northern boundary, a distance of approximately 13.5 kilometers. The tunnels would be used in part to transport ore from the mine site to the mill site and tailings pond.
American Creek earned a 51% interest in the Treaty Creek Project in 2009 from Teuton Resource Corp. (TUO:TSX-V) ("Teuton"). To complete its earn-in, the Company issued to Teuton 100,000 shares and made exploration expenditures in excess of $5 million dollars (approximately $6.6 million actually spent). Teuton disputes American Creek's interest, and the matter is presently being litigated. American Creek is operator of the Treaty Creek Project.
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.
For further information please contact Darren Blaney at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com.
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.
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