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Tuesday, 02/20/2024 1:18:29 PM

Tuesday, February 20, 2024 1:18:29 PM

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American Creek's JV Partner Tudor Gold Announces an Indicated Mineral Resource of 27.87 Moz at 1.19 g/t AuEQ in an Updated Mineral Resource Estimate for the Goldstorm Deposit at Treaty Creek, British Columbia

Cardston, Alberta--(Newsfile Corp. - February 20, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) ("the Corporation" or "American Creek") is pleased to announce that project operator and JV partner Tudor Gold ("Tudor") has provided the results of its updated Mineral Resource Estimate (MRE) prepared by Garth Kirkham P. Geo., of Kirkham Geosystems Ltd., and JDS Energy and Mining Inc. ("JDS") for the flagship Treaty Creek project (the "Project") located in the Golden Triangle Region of British Columbia.

Tudor Gold's previous MRE for the Project was included in a technical report entitled "NI 43-101 Technical Report, Treaty Creek Project, British Columbia,", dated April 28, 2023, with an effective date of April 28, 2023. (the "2023 MRE").

Highlights of the 2024 Updated Mineral Resource Estimate for the Goldstorm Deposit:

Increased the Indicated Mineral Resource by 19% in gold equivalent ounces (AuEQ), consisting of a 16% increase in gold (Au), 14% increase in silver (Ag) and 32% increase in copper (Cu).

Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ within 730.20 million tonnes (Mt) at a grade of 1.19 g/t AuEQ; comprised of:

21.66 Moz of Au at 0.92 g/t, 128.73 Moz of Ag at 5.48 g/t, and 2.87 billion pounds (Blbs) of Cu at 0.18%.

Inferred Mineral Resource of 6.03 Moz of AuEQ within 149.61 Mt at a grade of 1.25 g/t AuEQ; comprised of:

4.88 Moz of Au at 1.01 g/t, 28.97 Moz of Ag at 6.02 g/t, and 503.23 million pounds (Mlbs) of Cu at 0.15%.

The CS-600 domain, comprised of a monzodiorite intrusive stock and associated gold-copper porphyry system, constitutes a large part of the deposit with an Indicated Mineral Resource of 15.65 Moz of AuEQ within 400.29 Mt at a grade of 1.22 g/t AuEQ; consisting of:

9.99 Moz of Au at 0.78 g/t; and 2.73 Blbs of Cu at 0.31%.

An 58% increase in the AuEQ ounces within the CS-600 domain.

The 2023 drilling improved our geologic understanding of the mineralization in the northern portion of the deposit. The NS-STK Domain was reinterpreted to be a NE-SW trending stockwork and is associated with the 300H Domain mineralization. This system has now been separated into its own mineral domain, named 300N.

Advanced metallurgical studies and refined the pit constrained and underground cutoff grades, increasing the pit constrained cutoff from 0.5 to 0.7 g/t AuEQ and the underground cutoff from 0.7 to 0.75 g/t AuEQ.

Substantially reduced the pit size which eliminated the necessity to remove the glacier and reduced the strip ratio.

The Goldstorm Deposit remains open to the south, north, northeast and at depth.

Commenting on the results, Ken Konkin, President & CEO of Tudor Gold, "Our technical team has done an outstanding job, increasing the volume, the grade, and the geological understanding of our massive Goldstorm Deposit. The 2023 drill hole program was designed to expand the mineralized domains to their northern, northeastern and eastern extents. We not only pushed out the edges of the Deposit, but we also successfully increased the grade of the Inferred Mineral Resource.

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