Welcome to our dedicated page for American Creek R news (Ticker: ACKRF), a resource for investors and traders seeking the latest updates and insights on American Creek R stock.
American Creek Resources Ltd (ACKRF) is a Canadian mineral exploration company advancing high-grade gold and silver projects in British Columbia's Golden Triangle. This page serves as the definitive source for corporate news, offering investors and stakeholders timely updates on exploration milestones, strategic partnerships, and operational developments.
Access verified press releases and analysis covering key activities including drilling results, joint venture announcements with partners like Tudor Gold, and financial agreements. Our curated collection provides insights into metallurgical testing outcomes, resource estimates, and compliance updates essential for informed decision-making.
Discover updates on flagship assets like the Treaty Creek Project, where ACKRF maintains a 20% carried interest, alongside coverage of technical innovations and market positioning. Content is organized to highlight material events while maintaining accessibility for both professional analysts and casual observers.
Bookmark this page for streamlined access to American Creek's evolving story in mineral exploration. Check regularly for new developments as the company progresses its high-potential projects through systematic exploration and strategic collaboration.
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.
American Creek Resources announced results from the first four drill holes of the 2024 exploration program at its Treaty Creek project in British Columbia. The drilling targeted the newly discovered Supercell-One Zone (SC-1), revealing a high-grade gold system with three sub-parallel structures over an area measuring up to 800m in length by 400m in depth. Highlights include:
- Hole GS-24-183-W1: 13.89 g/t AuEQ over 6.30m
- Hole GS-24-181: 11.05 g/t AuEQ over 3.00m
- Hole GS-24-184: 8.09 g/t AuEQ over 6.15m
The results confirm the potential of the SC-1 Zone as a significant economic target within and expanding beyond the CS-600 Domain of the Goldstorm Deposit. The company aims to outline 2-3 million ounces of high-grade gold within the Supercell-One complex.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has extended the exclusivity period for its non-binding letter of intent (LOI) with Cunningham Mining to September 5, 2024. This extension follows Cunningham's announcement of a US$153 million token subscription facility to fund the proposed acquisition of American Creek at $0.43 per share. The parties are now working on finalizing a Definitive Agreement.
CEO Darren Blaney praised Cunningham's recognition of American Creek's 20% carried interest in the Goldstorm deposit and the potential of the Treaty Creek Project. The proposed transaction still requires various approvals, including from shareholders, the Supreme Court of British Columbia, and the TSX Venture Exchange.
American Creek has announced that its joint venture partner, Tudor Gold, has outlined a strategic plan for the Treaty Creek gold and copper project in British Columbia's Golden Triangle. The plan includes completing 10,000 meters of diamond drilling initiated on May 9, 2024. This work aims to expand and upgrade the Mineral Resource Estimate reported in April 2024. Drilling results to date include significant gold findings, such as 15.00 meters at 15.64 g/t gold equivalent. The plan also includes advancing metallurgical studies, focusing on copper and gold recovery, and completing a Preliminary Economic Assessment (PEA) by Q2 2025. This PEA will guide future phases, including detailed prefeasibility studies and environmental permitting, ensuring the project's economic viability and regulatory compliance.
On June 6, 2024, American Creek Resources announced a non-binding Letter of Intent (LOI) with Cunningham Mining for a potential acquisition. Cunningham proposes to buy all issued and outstanding securities of American Creek at $0.43 Cdn per share, a 274% premium over the June 5 closing price. This transaction involves Cunningham acquiring American Creek's 20% interest in the Treaty Creek Property, which has significant gold resources. The LOI includes an exclusivity period until August 5, 2024, during which both parties will conduct due diligence and negotiate a Definitive Agreement. The arrangement is subject to shareholder, court, and regulatory approvals. The LOI also outlines potential fees if the transaction fails due to financing or superior proposals.
American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) announces the commencement of the 2024 exploration drill program at Treaty Creek Project in British Columbia by JV partner Tudor Gold. The program aims to expand and upgrade the Mineral Resource Estimate, focusing on high-grade gold targets in the Supercell One system.
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