seabridge begins its move on treaty creek
Sept. 17, 2012, 9:00 a.m. EDT
American Creek Receives Notice of Application from Seabridge Gold Regarding the Mitchell-Treaty Tunnels and Requests to Negotiate Access Rights Through the Treaty Creek Property
Sep 17, 2012 (ACCESSWIRE-TNW via COMTEX) -- American Creek Resources Ltd. ("American Creek") (the "Corporation") is pleased to announce that on late Friday afternoon a letter addressed to both American Creek and Teuton Resources Corp. ("Teuton") was received from Seabridge Gold CA:SEA +0.89% SA +0.76%("Seabridge") in which Seabridge updated the parties on the advancement of its KSM Project and officially notifying American Creek and Teuton that it is proceeding with applications to the British Columbia Ministry of Forests, Lands and Natural Resource Operations branch under the Mineral Tenure Act, Land Act and Mines Act in order to permit and construct the proposed Mitchell-Treaty Tunnels ("MTT") that will link the KSM mine area to the proposed processing plant and tailings impoundments in the upper North Treaty Creek valley. Seabridge also requested that American Creek and Teuton re-open negotiations in order to come to an agreement on Seabridge obtaining access rights to proceed through the Corporation's Treaty Creek property.
American Creek has previously, over the last two years, granted Seabridge access to the Treaty Creek property in order to conduct preliminary testing along the proposed MTT route. This pre-construction tunnel assessment included both geophysical surveying and diamond drilling.
The American Creek Board of Directors, along with its legal advisors and geological team, are currently considering all aspects of Seabridge's applications and related offer to negotiate.
American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada. |
