American Creek Resources Ltd. (ACKRF)

[douginil]

Market Movers: Tudor Gold, Teuton Resources, & American Creek

In case you missed it, there was more exposure given to the Treaty Creek project yesterday when Brayden Maccke at www.thedeepdive.ca wrote about the project. He did a good job and we thought we’d share it with you.

The Deep Dive’s West Coast Office loves a good old fashioned BC Golden Triangle gold rush and, this summer, the market gods did not disappoint.

The venture-stage volume dials are indicating that the Treaty Creek property, having long been a promising prospect through various different owners, might have a future as a gold deposit. All three of its present owners have seen recent strong short term price movements on ample volume.

Tudor Gold (TSXV: TUD) is the corporate epicenter of this phenomenon. The project operator and 60% owner of Treaty Creek is under the care and guidance of CEO Walter Storm, whose bio leads with his role in having developed Quebec’s Malartic mine for Osisko Gold. Osisko generated consistent mining headlines in the late oughts and early 2010s through Malartic’s development stage and the company’s eventual buy-out in a white-knight-syndicate-led thwarting of a Goldcorp bid in 2015. Like any other true Canadian gold success story, Osisko’s name has since been repurposed as a gold royalty company (Osisko Gold Royalties (TSX:OR)), but the original Osisko built today’s largest open pit gold mine with a relentless attack on a large, middling grade system.

Tudor is an agressive company with an approach to the gold business that comes with an understanding of its unique dynamics. The early years of Osisko were marked by aggressive development and permitting that would eventually put the project in a position, post gold crash, in which it didn’t live and die with the gold price. It still mattered, but with a legitimate, bankable deposit on their books, the growth phase was over. The company didn’t need the price to stay up to raise operating cash. The gold price had become the variable determining how much it would get for the 10 million ounce deposit.


Read more (a much more extensive article) - with graphics - at:
https://mailchi.mp/49259d590237/market-movers-at-treaty-creek?e=6f11d69fd1