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     284  0 Kommentare American Creek Options Three New Properties -- Glitter King, Silver Side and Red Tusk - Seite 2

    Anomalous gold and silver values from the Silver Spider zone included a grab sample of rhyolite that assayed 0.466 oz/ton gold, 166.12 oz/ton silver, 20.06% zinc, 17.89% lead and 0.12% copper.

    A 17 meter long trench excavated on the Cirque zone included assays up to 1.47% copper, 7.63% zinc, 1.74% lead, 2.25 oz/ton silver and 0.12 oz/ton gold.

    All three properties acquisitions are structured as four year option agreements with terms/payments as follows:

    Glitter King

    Year one:
    $7,500 cash within 30 business days of TSX-V approval.
    100,000 American Creek common shares within 10 days of TSX-V approval.
    A minimum of $10,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.
    Year two:
    $10,000 cash
    100,000 common shares
    $20,000 work commitment
    Year three:
    $20,000 cash
    150,000 common shares
    $25,000 work commitment
    Year four:
    $30,000 cash
    200,000 common shares
    $35,000 work commitment
    The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

    Silver Side

    Year one:
    $5,000 cash within 30 business days of TSX-V approval.
    50,000 American Creek common shares within 10 days of TSX-V approval.
    A minimum of $5,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.
    Year two:
    $10,000 cash
    75,000 common shares
    $10,000 work commitment
    Year three:
    $20,000 cash
    100,000 common shares
    $30,000 work commitment
    Year four:
    $30,000 cash
    150,000 common shares
    $50,000 work commitment
    The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

    Red Tusk

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    Verfasst von Marketwired
    American Creek Options Three New Properties -- Glitter King, Silver Side and Red Tusk - Seite 2 CARDSTON, ALBERTA--(Marketwired - Sept. 14, 2016) - American Creek Resources Ltd. (TSX VENTURE:AMK) ("American Creek" or "the Corporation") is pleased to report that it has entered into three separate option agreements with an arm's length third …