American Creek Resources Ltd is an Alberta-based miner exploring and developing basic mineral and precious metal properties in Canada.
The company’s gold and silver projects are majorily located in British Columbia.
The firm’s principal assets include Treaty Creek Project and Austruck Bonanza.
Treaty Creek Project
It is a joint venture project with American Creek and Teuton Resources carrying 20 per cent interest. Tudor Gold Corp (TSXV: TUD) has 60 per stake in the property.
In 2016, American Creek reportedly entered into a partnership with Tudor Gold to bring expertise and experiences to this project. The firm’s other partner includes Osisko Mining Inc, which operates Canadian Malartic Gold Mine in Quebec.
The firm claims that the geology at Treaty Creek resembles Sulphurets Hydrothermal System in KSM north, including the presence of multiple-scale deposits. The mining company further claims that two zones, namely Perfect Storm and Goldstorm, show significant potential.
The Sulphurets Hydrothermal System in Treaty Creek consists of several kinds of deposits, including VMS systems, low sulfidation epithermal systems, and porphyry systems. The region also hosts Brucejack mine and Seabridge’s KSM property.
The firm claims that Treaty Creek could be British Columbia’s next big deposit in the Golden Triangle.
In 2021, following a spin-out transaction, the gold producer separated into two entities, American Creek and Stringer Resources.
Stringer has an interest in the exploration and development of precious metals in British Columbia, Canada.
Austruck Bonanza Project
The property located in south-central British Columbia in the Kamloops Mining Division. Further, the mining project is contiguous with the Bonaparte Gold Property of WestKam Gold.
The site is well connected to paved roads, telephone, power grids and related infrastructure, the firm claims. In the 1960s, the property was explored for molybdenum deposits. But at present, the company is engaged in precious and base metals mining.
In 1994, the mining company says that two small open pits were drilled at the Bonaparte Gold Property that yielded a 3,700-ton bulk sample.
The Austruck-Bonanza property consists of a formation of fine sedimentary rocks, mudstone, shale, and basaltic volcanic. In addition, the mineralization structure at the property is linked with fracture and shear zones that cut surrounding sedimentary rocks, American Creek Resources adds.