American Creek R Stock Price, News & Analysis

American Creek Resources (TSXV: AMK) announced that its JV partner Tudor Gold has initiated permitting for approximately 3,000 meters of underground development at the Treaty Creek Project in British Columbia's Golden Triangle. The exploration ramp will target the Supercell One Zone (SC-1) with infill and expansion drilling.

The underground infrastructure is expected to reduce drilling costs and time while potentially serving as air ventilation support for future mining operations. The project plans include a 25,000-meter year-round drilling program focusing on the SC-1 Zone, which remains open along strike and plunge. To date, over 10,000 meters of drilling have targeted this zone.

The development follows encouraging 2024 drilling results, with the zone showing similarities to Newmont's Brucejack gold deposit. The current Mineral Reserve Estimate stands at 27.9 million ounces of AuEq averaging 1.19 g/t AuEq, though SC-1 results are not yet included in this estimate.

American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has announced an amendment to its arrangement agreement with Cunningham Mining. The key changes include extending the Outside Date from December 30, 2024, to January 31, 2025, and removing the termination payment obligation previously required if American Creek accepted a superior proposal. The original arrangement agreement, dated September 5, 2024, involves Cunningham Mining acquiring all issued and outstanding common shares of American Creek through a statutory plan of arrangement under British Columbia law.

American Creek Resources announces overwhelming shareholder approval for its plan of arrangement with Cunningham Mining. The special resolution was approved by 99.3% of shareholders and 99.28% of minority shareholders at the November 27, 2024 meeting, where 65.24% of outstanding shares were represented. The company also received final court approval from the Supreme Court of British Columbia on November 29, 2024. The arrangement, once all conditions are met, will result in Cunningham Mining acquiring all issued and outstanding common shares of American Creek.

American Creek Resources announces the mailing of meeting materials for its annual general and special meeting on November 27, 2024, where shareholders will vote on a plan of arrangement with Cunningham Mining. Under the arrangement, Cunningham Mining will acquire all outstanding American Creek shares at $0.43 per share. The company has received an interim order from the Supreme Court of British Columbia for the arrangement. The board of directors unanimously recommends shareholders vote FOR the arrangement. The meeting will be held in Vancouver, with October 23, 2024, set as the record date for voting eligibility.

American Creek Resources announces positive metallurgical test results from the Goldstorm Deposit at Treaty Creek Project. The Lower CS-600 sub-domain testing showed impressive flotation recoveries of up to 88.1% copper, 63.8% gold, and 51.3% silver. The tests produced high-grade copper concentrate exceeding 29% copper with gold and silver grades of 33 g/t and 96 g/t respectively. Previous testing on gold-dominant domains 300H and DS5 demonstrated gold recoveries exceeding 94% for the Albion process and 98% for pressure oxidation tests. The lower portion of CS-600 has sufficient volume to mine and process 40,000 tpd over 17 years.

American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) announces that its JV partner Tudor Gold has discovered a fourth high-grade gold target, Supercell-1D (SC-1D), at the Treaty Creek Project in British Columbia's Golden Triangle. Key highlights include:

- Drillhole GS-24-187 intersected 10.92 g/t AuEQ over 3.00 m within SC-1C and 5.70 g/t AuEQ over 3.00 m within SC-1D

- The gold-rich Supercell-One (SC-1) system spans up to 800 m in length by 400 m in depth

- All four stacked, sub-parallel structures remain open in all directions and to depth

- The Goldstorm Deposit now contains a high-grade component traceable for over 800 m along a northern axis

Tudor Gold's CEO Ken Konkin emphasized the potential of the Supercell Complex to enhance the economic advantage of the Treaty Creek Project.

American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has received a $300,000 cash signing fee payment from Cunningham Mining (CML) as part of their definitive arrangement agreement dated September 5, 2024. The companies are preparing documentation for American Creek's upcoming annual general and special meeting, where shareholders will vote on the statutory plan of arrangement with CML.

CEO Darren Blaney stated that the transaction is progressing timely. He also clarified that Eric Sprott's previous voting agreement with the company expired on July 31, 2024, meaning Sprott was not legally obligated to support the proposed arrangement. However, American Creek is pleased to have Sprott's full support and endorsement for this transaction.

American Creek Resources (TSXV: AMK) announced that its JV partner Tudor Gold has expanded a high-grade gold target at the Treaty Creek property in British Columbia's Golden Triangle. Drill hole GS-24-185 intersected 9.60 g/t AuEQ over 13.50 m within the Supercell-1C (SC-1C) zone, representing a 140m step-out from previous drilling. This expands the SC-1C zone by 255m up-dip and 140m along strike.

The Supercell-One system now includes three sub-parallel structures (SC-1A, SC-1B, and SC-1C) within an area measuring up to 800m in length by 400m in depth. All structures remain open in all directions. The 2024 exploration program at Treaty Creek has been completed, totaling 10,530 meters of drilling.

American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has entered into a definitive arrangement agreement with Cunningham Mining (CML) for an all-cash acquisition valued at approximately $207 million. CML will acquire all outstanding shares of American Creek at $0.43 per share, representing a 274% premium to the closing price on June 5, 2024. The transaction, expected to close in late November or early December 2024, has unanimous board approval and support from key shareholders. The deal includes cash payments for in-the-money options and warrants. Upon completion, American Creek shares will be delisted from the TSXV. The acquisition is subject to shareholder, court, and regulatory approvals.