American Creek Resources Ltd. is pleased to report that it has acquired the Gold Hill and D1-McBride mineral properties located in British Columbia, Canada.
American Creek purchased a 100% interest in the two properties and will issue 3,900,000 common shares of the Corporation as full payment in the transaction. The property package was purchased from long time prospector Dave Javorsky.
Gold Hill Property
The Gold Hill property covers approximately 418 hectares and is located in the Fort Steele Mining Division near Fort Steele. The property is located in the Boulder Creek drainage, a headwater tributary of the Wild Horse River, a historic gold placer producer.
The D1-McBride property covers approximately 34 hectares is located in the Liard Mining Division about 64 km southeast of Dease Lake. According to BC MINFILE No 104-093 the property is host to a galena and gold bearing quartz/calcite vein system.
A finder's fee comprised of 390,000 common shares of the Corporation will be paid to an arm's length finder. The shares issued in this transaction shall be subject to a four month hold period.
This Agreement is subject to approval by the TSX Venture Exchange.
Douglas Turnbull, P. Geo. is the Qualified Person for the purposes of National Instrument 43-101, and has verified the data disclosed in this news release.