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Mammoth Resources (TSX-V:MTH)

3 months 1 week ago #119077 by Gold Fever
Gold Fever replied the topic: Mammoth Resources (TSX-V:MTH)
The Mammoth Resources’ (MTH.V) Tenoriba property consists of over 40 sq km located along the prolific Sierra Madre precious metal belt where over 80 million ounces of gold equivalent (gold and silver) have been produced (a World Class precious metal belt) and over just the past 20 years an additional 40 million ounces of gold equivalent have been discovered;

The project is close to water, roads, village, power, nearby public fixed wing landing strip and contractors with heavy equipment, yet there is no significant population that is resident on the actual property thereby reducing social issues associated with project development;

The project has undergone surface mapping, sampling, soil and rock geochemical analysis and has demonstrated all the attributes of a High Sulphidation, precious metal system - similar to Goldcorp’s El Sauzal mine (3.3 M ounces) and Alamos’ Mulatos mine (4.8 M ounces) located in the same Sierra Madre belt. Gold grades are distributed over a large 15 km2 area of the property; in one of three areas (Los Carneritos) within this 15 km2 area, measuring 1.5 x 0.7 km, 74% of 146 rock chip samples collected (115 samples) produced potentially economical grades of gold with silver and averaged 1.56 grams/tonne (g/t) gold.

The highest-grade surface sample collected was a 1 x 1 metre sample assaying "74 g/t gold" and there are more than 20 samples with grades above 10 g/t gold. Los Carneritos alone given its size could have the potential to host over 1.0 million ounces of gold;

Mammoth performed a geophysics survey over approximately half of the property and saw a strong correlation between areas with gold values on surface and threes same geophysical features extending to depth of more than 100 metres making these features attractive drill targets for the depth extension of what has been sampled on surface;

The project was previously drilled for the first time in 2008 by a predecessor company that forfeited the property to the owners following the global financial crisis and they reported potentially economical results in 10 of the first 15 drill holes with highlight intersections including the highest grade intersect assaying "46.9 g/t gold" over 1.9 metres and the longest continuous intersection assaying 0.5 g/t gold over 66.0 metres;

The project as a drill permit good for 4 years to drill an unlimited number of metres in up to 20 drill locations, and has been granted surface access to drill the project.

In summary, ubiquitous gold occurs over a large 15 sq km area in over 400 samples collected by Mammoth. Gold simply doesn’t occur in this abundance over such a large area if it’s not from a prolific mineralizing system. The Tenoriba project has all the characteristics of a High Sulphidation precious metal system and these systems areas acknowledged, and proven large mineralizing systems. The surface work done has identified attractive drill targets to test the depth extent of the surface mineralization.

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7 months 6 days ago #118217 by CIMA
CIMA created the topic: Mammoth Resources (TSX-V:MTH)

Toronto, Canada (June 14, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is
pleased to announce initial results from its surface channel sampling program at its Tenoriba project in
Chihuahua, Mexico. The Company had announced earlier this year a program of infill PIMA sampling,
drill road construction and channel sampling to better define drill targets following up on prior surface
sampling and an IP and Magnetometer geophysics survey. At present six channels have been cut at
Carneritos and the El Moreno areas of the property, areas separated one from the other by
approximately three kilometres east to west (refer to Figure 1 - Trench Sample Location Map and Figure
2 - Carneritos and El Moreno Trench Samples) with additional channels being cut and others being
excavated along with the drill road construction. Samples are available from one channel cut at El
Moreno and two at Carneritos (refer to Table 1 - Channel Sample Results). Results are summarized
Sample Numbers
Gold Grade
Silver Grade
El Moreno 1 330732 to 330740 13.60 11.50 0.64 2.5 0.67
Carneritos 1 330743 to 330750 and
330754 to 330756
15.75 15.50 0.99 6.1 1.07
Carneritos 2 330757 to 330761 7.40 7.00 1.28 8.2 1.36
* Gold Equivalent wherein silver grade is converted to gold grade at 75 g/t silver = 1 g/t gold
Thomas Atkins, President and CEO of Mammoth commented on the channel sample results
stating: “These results are consistent with what we’ve seen in drill core and surface samples and are
typical of High Sulphidation systems. We’d previously collected hundreds of chip samples over the large
15 square kilometre mineralized area on the property with many of these samples assaying from a
couple of grams gold per tonne to as much as 75 grams gold per tonne combined with lower grade
mineralized intervals. What’s impressive with these channel samples is we’re seeing attractive
potentially economic grades in material over continual widths of 23 to 50 feet with extensions to these
mineralized intervals limited only by available outcrop. Being on surface and given gold on the property
occurs as free gold and amenable to heap leaching these grades are comparable to numerous
economically robust open pit heap leach mines in operation in Mexico.”
Results from this channel sampling program correspond well with geophysical features extending at
depth with these surface channel samples assisting to confirm attractive drill targets with such drilling
aimed at extending the results achieved from these channel samples at depth. Mammoth plans to cut
and sample additional channels and expects to report on these over the coming weeks. Results from
this trenching will be incorporated into other surface and geophysical data to finalize drill hole locations
for a diamond drill program expected to commence shortly after the completion of the drill road
construction and this trenching/channel sampling program.
Qualified Person / Quality Controls:
Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp. is Mammoth's
Qualified Person, according to National Instrument 43-101, for the Tenoriba property and is responsible
for and has reviewed any technical data mentioned in this news release. Samples referenced in this
press release were prepared and analyzed by ALS CHEMEX in their facilities in Mexico and Canada,
respectively. Samples generally consisted of over a minimum of 2 kilograms of material. Gold and silver
analyses were performed by 30 gram fire assay with an Atomic Absorption finish. Silver, copper, lead
and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit
samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits. Blank
and duplicate samples were inserted randomly at approximately every 15 samples.

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