Welcome!

News Feed Item

American Creek Resources Prevails Over Teuton Resources in Treaty Creek Trial

CARDSTON, ALBERTA -- (Marketwired) -- 04/15/14 -- American Creek Resources Ltd. (TSX VENTURE:AMK) ("American Creek" or "the Corporation") is pleased to announce that judgment has been handed down by the British Columbia Supreme Court on April 14, 2014 in the litigation against Teuton Resources Corp. ("Teuton") over the Treaty Creek property.

The Corporation is very pleased with the Court's finding that American Creek has met its obligations under the option agreement with Teuton and that it has earned its 51% interest in the Treaty Creek property. The Court found that Teuton breached the agreement in refusing to transfer title to the Treaty Creek mineral claims to American Creek. The Court has ordered Teuton to transfer legal title of all of the mineral claims comprising the Treaty Creek property to American Creek. American Creek will then hold Teuton's undivided 49 percent interest in those mineral claims in trust pursuant to the parties' original agreement.

Legal action was commenced in 2010. The trial of this matter was heard in Vancouver, British Columbia and was concluded on October 3, 2013. The Court's reasons for judgment are available on the Court's website:

(http://www.courts.gov.bc.ca/jdb-txt/SC/14/06/2014BCSC0636.htm).

This is a very significant victory for American Creek.

Teuton has reported its intention to appeal the Court's decision. In light of Teuton's conduct and that of its president, Dino Cremonese, this comes as no surprise. If Teuton does, in fact, appeal, American Creek intends to respond vigorously. American Creek expects that it will prevail.

American Creek is also proceeding with its claim that Teuton pay American Creek special costs which may include recovery of the significant legal fees related to this action.

American Creek will continue to prosecute the separate $150 million conspiracy and defamation law suit filed in Alberta against Teuton, Teuton's Chief Executive Officer & President, Dino Cremonese, Teuton's Director Amanda Mullin, Teuton's Investor Relations contact Gary Assaly and others.

The Treaty Creek property is situated in northwest British Columbia, Canada, and is contiguous with Seabridge Gold Inc.'s ("Seabridge") KSM project and near Pretium Resources Inc.'s("Pretium") Snowfield / Brucejack (Valley of the Kings) projects. Mineralization in the Treaty Creek property lies within the same broad hydrothermal system that generated the several deposits on the Seabridge and Pretium properties that lie south of the Treaty Creek claims. The KSM project, owned by Seabridge, is now one of the largest undeveloped gold and copper deposits in the world.

American Creek conducted mineral exploration on the Treaty Creek property in 2007-2009. Highlights include the discovery of the Copper Belle zone and the subsequent drilling of Copper Belle hole CB-14 which ran 241 meters of 0.80 g/t gold and ended in mineralization (see American Creek news release dated January 12, 2010) as well as extension drilling on the GR2 zone leading to the discovery of a new VMS system containing several high grade intersections of gold, silver and base metals (see American Creek news release dated November 30, 2009).

Seabridge has applied for a permit to construct twin tunnels through approximately 14 km of the Treaty Creek claims, connecting the KSM deposit with tailings facilities that are proposed north of the Treaty Creek property. The proposed tunnel route passes directly through a highly prospective area of the Treaty Creek property hosting several different mineralized zones including the Copper Belle and GR2 zones referred to above.

Allan Burton, President & CEO of American Creek, stated the following: "This judgment is the very positive culmination of a lengthy and costly process. We would like to take this opportunity to thank our outstanding legal team for their efforts and our shareholders for their continued support. We're looking forward to finally advancing our flagship property, Treaty Creek, towards its full potential."

The Corporation has not independently verified the geological information previously reported by Seabridge or Pretium but believes it to be accurate and in conformance with industry standards.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Information relating to the Corporation is available on its website at www.americancreek.com.

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.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Corporation will obtain from them.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.