American Creek Resources Announces Drill Program on the Electrum Project
RAYMOND, AB, Aug. 29, 2011 /CNW/ --
RAYMOND, AB, Aug. 29, 2011 /CNW/ - American Creek Resources Ltd.
(TSX-V:AMK / OTC:ACKRF) is pleased to announce it has commenced a
diamond drill exploration program on its 100% owned Electrum Property,
a gold / silver project near Stewart, British Columbia. The program is
designed to test the extension of mapped surface veins at depth and to
confirm a shear / alteration zone that appears to be controlling the
extensive mineralization found on the property.
Initial work begun in July of this year included detailed mapping of
newly discovered veins. A chip sample taken in 2010 assaying 694 g/t
gold and 550 g/t silver was obtained along this system of closely
spaced epithermal breccia-veins exposed in continuous outcrop for over
50 meters. Other samples from this area assayed 71.8 g/t gold with
over 10,000 g/t silver and 5.21 g/t gold with 2,800 g/t silver.
The Electrum Property lies in the heart of the prolific mining region
known as the 'Golden Triangle' in a valley containing four past
producing commercial mines, and hosts the historic East Gold Mine.
For an introduction to the Electrum project go here:
http://americancreek.com/images/flash/FlagshipProperty-1minute.html
Frank O'Grady, P.Eng., is the Qualified Person for the purposes of
National Instrument 43-101 for the Electrum Project. Mr. O'Grady 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.
Image with caption: 'Mineralized gossans on Electrum Project (CNW Group/American Creek Resources Ltd.)'. Image available at: http://photos.newswire.ca/images/download/20110829_C6912_PHOTO_EN_2608.jpg
RAYMOND, AB, Aug. 29, 2011 /CNW/ --
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/29/c6912.html
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.
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.