Mr. Kelvin Burton reports
AMERICAN CREEK'S JV PARTNER TUDOR GOLD SUBMITS APPLICATION TO CHIEF GOLD COMMISSIONER OF BRITISH COLUMBIA
American Creek Resources Ltd.'s Treaty Creek joint venture partner and project operator, Tudor Gold, has made an application concerning Seabridge Gold Inc. to the chief gold commissioner of British Columbia. American Creek refrains from commenting upon the merits of Tudor's application as the issues are before the chief gold commissioner for decision.
Treaty Creek JV partnership
American Creek is a proud partner in the Treaty Creek project located in British Columbia's Golden Triangle.
The project is a joint venture with Tudor Gold owning three-fifths and acting as operator. American Creek and Teuton Resources each have a one-fifth interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek.
American Creek and Teuton hold fully carried 20-per-cent interests, which means no development costs are incurred by these companies until a production notice is issued. This gives shareholders a unique opportunity to avoid the dilutive effects of exploration while maintaining their full 20-per-cent exposure to one of the world's most exciting megadeposits.
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