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American Creek Announces Its JV Partner Tudor Gold Is Fully Funded for the 2020 Exploration Season at Its Flagship Project Treaty Creek Located in the Golden Triangle
Cardston, Alberta--(Newsfile Corp. - March 25, 2020) - American Creek Resources (TSXV: AMK) ...
About this update from Tudor Gold Corp.
[{"type":"text","content":"American Creek Announces Its JV Partner Tudor Gold Is Fully Funded for the 2020 Exploration Season at Its Flagship Project Treaty Creek Located in the Golden TriangleCardston, Alberta--(Newsfile Corp. - March 25, 2020) - American Creek Resources (TSXV: AMK) (the \"Corporation\" or \"American Creek\") is pleased to announce its partner Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (\"Tudor Gold\") has sufficient funds to execute a significantly larger drilling and exploration program, than the 2019 program, on the Goldstorm Zone at Treaty Creek project this year. With the capital raised in December 2019, as well as the recent warrants exercises, the Tudor Gold has a good cash position to execute a fully funded and very ambitious drill program at Treaty Creek this year. Tudor Gold is currently in the final stages of finalizing all preparations needed for the upcoming 2020 drill program at Treaty Creek.Tudor Gold's Vice President of Project Development, Ken Konkin, P.Geo., states: \"The Goldstorm system is currently open at depth and along the northeast axis of the mineralized body. The drill program is designed to extend and to explore the limits of Goldstorm system to the southeast as well as to the northeast and to depth. We anticipate drilling approximately 18,000 to 20,000 metres of HQ and NQ diameter core from 7-10 drill platforms with four diamond drill rigs. Compared to the drill program last year (14 diamond drill holes over 9,781.8 meters), the planned 2020 drill program will be much larger.\"The current known length of the northeast axis of the Goldstorm System is over 850 meters long and the southeast axis is at least 600m across. The system remains open in all directions and to depth. The best mineralization encountered to date is from the two consecutive 150m step-out holes to the Northeast: GS-19-42 yielded 0.849 g/t Au Eq over 780 m with 1.275 g/t Au Eq over 370.5m and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m with 0.867 g/t Au Eq over 301.5m.The best southeast extension came from GS-19-52 which yielded 0.783 g/t Au Eq over 601.5m intercept with 1.062 g/t Au Eq over 336.0m intercept. (results from the company's NR dated March 3rd, 2020).Tudor Gold response to COVID-19:Tudor Gold has introduced additional precautionary steps to manage and respond to the risks associated with COVID-19 virus. This includes, for example ...