American Creek Resources is pleased to report that it has acquired the Silvershot silver property located in the "Golden Triangle" near Stewart, British Columbia.
The 235 hectare Silvershot property is located approximately seven kilometers northeast of Stewart near the past producing Portland Canal Mine.
BC government Minfile documents (Minfile 103P 064) report that the property lies within the Portland Canal Fissure Zone which has hosted several historic mines.
In 1922 and 1923 a total of 53 meters of underground work was completed on the property associated with a massive pyrite, sphalerite and galena vein up to 0.30 meters wide containing high grade silver.
Grab samples of the purest galena have assayed up to 5,345 g/T silver and 87.2% lead. The Corporation holds a 100% interest in the property as it was acquired through staking.
This most recent acquisition is part of the Corporation’s strategy of adding shareholder value by increasing its gold and silver property portfolio while mineral property prices are at depressed levels in anticipation of a precious metals market recovery.
This strategy started with the prior acquisitions of the D1 and Gold Hill properties.
American Creek Resources is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.