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American Creek's JV Partner Tudor Announces Filing of NI 43-101 Technical Report09.04.2024 | 14:00 Uhr | Newsfile
On the Updated Mineral Resource Estimate for the Goldstorm Deposit at the Treaty Creek Project, British Columbia
Highlights of the 2024 Updated Mineral Resource Estimate for the Goldstorm Deposit:
Updated Mineral Resource Estimate for the Goldstorm Deposit The MRE was prepared by Garth Kirkham, P.Geo, based on 225 diamond drill holes (175,719 meters) completed between 2007 and 2023. The MRE included 27,394 meters of diamond drill holes that were completed since the 2023 MRE. Table 1: Summary of Indicated and Inferred Mineral Resources as of February 20, 20241-6
(1) Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The Goldstorm sensitivity tables (Tables 2,3,4 and 5) report the variation of resource grade and tonnage with respect to the change in cut-off grades for the Indicated and Inferred Mineral Resources. Table 2: Indicated Mineral Resource Cutoff Sensitivity - Pit Constrained1
(1) Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release. Table 3: Indicated Mineral Resource Cutoff Sensitivity - Underground1
(1) Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release. Table 4: Inferred Mineral Resource Cutoff Sensitivity - Pit Constrained1
(1) Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release. Table 5: Inferred Mineral Resource Cutoff Sensitivity - Underground1
(1) Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release. The Goldstorm Deposit consists of six mineral domains with unique geological characteristics. Five of the domains are gold-dominant with lesser proportions of silver and copper. Domain CS-600 is dominantly gold and copper rich, with lesser silver. The CS-600 hosts the majority of the copper at the Goldstorm Deposit and consists of a well-defined intrusive porphyry system. Table 6 summarizes the Indicated and Inferred Mineral Resources for each mineral domain. Table 6: Mineral Resources by Domain - Combined Pit and Underground1
(1) Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release. Figure 1: Goldstorm Deposit MRE Domains To view an enhanced version of this graphic, please visit: Qualified Persons The Goldstorm MRE was prepared under the supervision of Garth Kirkham, P.Geo, FGC, of Kirkham Geosystems Ltd., with metallurgical expertise provided by Tad Crowie, P.Eng, of JDS Energy and Mining Inc, who are Independent Qualified Persons, as defined by National Instrument 43-101. Mr. Kirkham and Mr. Crowie have reviewed and approved the technical contents of this news release. Ken Konkin, P.Geo, President and CEO, Tudor Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Project. Mr. Konkin has reviewed, verified, and approved the scientific and technical information in this news release. Treaty Creek JV Partnership American Creek is a proud partner in the Treaty Creek Project. The project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton hold fully carried 20% interests, which means no development costs are incurred by these companies until a production notice is issued. This gives shareholders a unique opportunity, to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world's most exciting mega deposits. About American Creek American Creek is a Canadian junior mineral exploration company with gold and silver properties in British Columbia, Canada. The Corporation has an interest in the Treaty Creek property, a joint venture project with Tudor Gold located in BC's prolific "Golden Triangle". The Corporation also holds the Austruck-Bonanza gold property located near Kamloops. For further information please contact Kelvin Burton 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. Cautionary Statements regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Corporation expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof. Such forward-looking information and statements are based on numerous assumptions, including among others, that the Corporation's planned exploration activities will be completed in a timely manner. Although the assumptions made by the Corporation in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. Dieser Artikel stammt von Rohstoff-Welt.de
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