American Creek Resources Ltd. (ACKRF)

[douginil]

Newcrest Acquires Pretivm for C$3.5 billion in Cash and Shares

Articles and reports concerning the need for mergers and acquisitions (M&A) within the gold space are abundant and the message is clear. Cashed-up gold companies are keenly aware of two major factors that will fuel activity in the buoyant sector; production is outstripping discoveries and gold is poised to strengthen in the coming years at a greater rate than it has in the past few years.

This past week, Newcrest’s offer to purchase Pretium (Brucejack mine) for C$3.5 billion was accepted by Pretium’s management. This is a significant acquisition within the Golden Triangle and within the gold industry. Newcrest has both high-grade mines and low-grade porphyry style mines where they employ open pit and block cave mining techniques.

The Red Chris block cave PFS states:
“The Study builds on Newcrest’s experience and success with block cave developments in Australia, with the block cave mining method particularly well suited to the porphyry deposits found at Red Chris and throughout the Golden Triangle region of British Columbia”.

While the Brucejack mine is a different geological model to Treaty Creek, they are in the same geological system and the Goldstorm deposit is similar to Red Chris and other Newcrest mines. The Brucejack Mine also shares one key similarity, Ken Konkin, who is currently the VP of Exploration and Project Development at Tudor Gold and played a leading role in the discovery of the Brucejack Mine.

Read more at:
https://mailchi.mp/0f7d5a4f566a/new-treaty-creek-report-4754410?e=6f11d69fd1

[[ You may want to research the block cave mining method to understand the possible mining technique for Goldstorm ]]