American Creek Resources Extends Purchase Option for Remainder of Electrum Project JV to Tudor Gold
TSX VENTURE: AMK
Cardston, Alberta--(Newsfile Corp. - December 21, 2018) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") today announced that it has granted Tudor Gold Corp. ("Tudor") an additional extension for the previously announced option to buy out the Corporation's 40% interest in the Electrum Project Joint Venture located near Stewart, British Columbia.
Tudor paid the Corporation a non-refundable payment of $50,000 upon entering the original agreement. If the option is exercised by Tudor, a further payment of $2,650,000 will be made to the Corporation on or before February 15, 2019.
This transaction is subject to approval by the TSX Venture Exchange.
About American Creek
American Creek holds a strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific "Golden Triangle"; the Treaty Creek and Electrum joint venture projects with Tudor (Walter Storm) as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.