MMMRF - Mammoth Begins Infill Geophysics Survey at Tenoriba Gold-Silver Property Mexico
(TheNewswire)
Toronto, Canada - TheNewswire - March 3, 2021 - Mammoth Resources Corp.(TSXV:MTH) (OTC:MMMRF) , (the “Company”, or “Mammoth”) is pleased to announce that it has begun theInduced Polarization/Magnetometer (IP/Mag) geophysics survey designedto infill most of the approximate 60% of the 6-kilometre trend ofgold-silver and copper mineralization not covered by the previousgeophysics survey over its 100% owned Tenoriba project, located in theprolific Sierra Madre precious metal belt in southwestern ChihuahuaState, Mexico.
Thomas Atkins, President and CEO ofMammoth commented on the commencement of the geophysics program,stating: “Results from our2018 drill program proved that IP/Mag could be an effective tool tohelp identify attractive drill targets at Tenoriba, having intersectedpotentially economical grades and widths of gold-silver and copper in8 of 11 holes drilled during the program sporadically testing featuresacross a 4-kilometre trend of the larger 7-kilometre trend of surfacemineralization. As we prepare to identify drill hole target locationsfor our 2021, 50-hole drill program to further test at depth abundantsurface mineralization over this trend, we wanted to have a morecomplete picture of potential mineralized features at depth and as aresult we viewed it as essential that we perform this infill survey toclose off large gaps in the geophysics across much of this 6-kilometretrend. Mammoth has also engaged the services of IntelligentExploration and its highly experienced principal geophysicists toassist in the design of this survey. The expertise of IntelligentExploration’s geophysicists will help assist in maximizing thesurvey’s potential output and to assist in interpreting results inorder to assist in identifying attractive drill targets along thetrend of surface mineralization. We look forward to reporting onresults from this work over the coming weeks, including illustratingdrill targets derived from this infill geophysics survey.”
A total of approximately 70 kilometresof ground IP/Mag geophysics is to be performed over areas to the east,west and gaps in between what had previously been surveyed at Tenoribaover portions of 6-kilometre trend of surface mineralization in thehigh sulphidation stratigraphy mapped and sampled at Tenoriba (referto Figure 1 - Layout of Geophysics Grid, 2021 Infill IP/Mag GeophysicsSurvey, which illustrates the location and extent of the additionalgeophysics lines to be performed over areas of mapped surface geology,chip and channel sampling and prior drilling). In addition to the newsurvey lines Mammoth is also repeating three lines over the Carneritosarea in the eastern portion of the trend, having adjusted themethodology of the survey measurements in an attempt to enhance theobserved features in this highly prospective portion of the trendwhere drill hole TEN 17-06 intersected 126.8 metres grading 0.52gram/tonne gold equivalent (including 7.2 gram/tonne silver convertedto gold equivalent at 65:1 silver:gold ratio) and including a highergrade interval of 58.2 metres grading 0.81 gram/tonne gold equivalentsection (including 3.9 grams/tonne silver converted to gold at asimilar silver:gold ratio).
Mammoth intends to also perform followup and infill mapping and sampling to supplement the information fromthis geophysical survey. All additional data will be incorporated withall historic surface and drill data to assist in 3D modelling ofsurface and subsurface features to be performed by IntelligentExploration to target drill hole locations for the Company’s planned2021, 50-hole diamond drill program.
About Mammoth Resources:
Mammoth Resources (TSX-V: MTH) is a precious metalmineral exploration Company focused on acquiring and defining preciousmetal resources in Mexico and other attractive mining friendlyjurisdictions in the Americas. The Company holds a 100% interest(subject to a 2% net smelter royalty purchasable anytime within twoyears from commencement of commercial production for US$1.5 million)in the 5,333 hectare Tenoriba gold property located in the SierraMadre Precious Metal Belt in southwestern Chihuahua State, Mexico.Mammoth is seeking other opportunities to option exploration projectsin the Americas on properties it deems to host above average potentialfor economic concentrations of precious metalsmineralization.
To find out more about Mammoth Resources and to sign upto receive future press releases, please visit the company's website at: www.mammothresources.ca ., or contact Thomas Atkins, President and CEO at: 416 509-4326.
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Forward Looking Information: This news release maycontain or refer to forward-looking information. All information otherthan statements of historical fact that address activities, events ordevelopments that the Company believes, expects or anticipates will ormay occur in the future are forward-looking statements; examplesinclude the listing of its shares on a stock exchange and establishingmineral resources. These forward-looking statements are subject to avariety of risks and uncertainties beyond the Company's ability tocontrol or predict that may cause actual events or results to differmaterially from those discussed in such forward-looking statements.Any forward-looking statement speaks only as of the date on which itis made and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise. Although the Company believesthat the assumptions inherent in the forward-looking statements arereasonable, forward-looking statements are not guarantees of futureperformance and, accordingly, undue reliance should not be placed onthese forward-looking statements due to the inherent uncertaintytherein.
Figure 1 - Layout of Geophysics Grid,2021 Infill IP/Mag Geophysics Survey
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