MMMRF - Mammoth Commences Diamond Drilling at its Tenoriba Gold-Silver Property Mexico
(TheNewswire)
Toronto, Canada - TheNewswire - September 14, 2021 - Mammoth ResourcesCorp. (TSXV:MTH) (OTC: MMMRF ) ,(the “Company”, or “Mammoth”) is pleased to announce the commencementof its diamond drilling program at its 100% owned Tenoriba gold-silverproperty located in the prolific Sierra Madre precious metal belt,Mexico. The drill program is testing up to five target zones whichmeasure from hundreds to over a kilometre (km) in strike length alonga 4 km, east-west trend of gold-silver mineralization identified in3-dimensional (3D) modelling incorporating over 3,000 soil, chip andchannel samples, 26 prior diamond drill holes, geological andstructural mapping and the potential continuity at depth of surfacemineralization as indicated by an Induced Polarization/Magnetometer(IP/Mag) geophysical survey (please refer to the descriptions oftarget zones in press releases dated July 22, 2021).
Thomas Atkins, President and CEO ofMammoth commented on the commencement of drilling stating: "Mobilizing the first drill rigbegan in early August according to plan with the second rig arrivinglate in the month. We knew mobilizing and establishing drill watersupply lines to the rigs during the middle of the rainy season wasgoing to be challenging. This challenge was measured against lowshareholder support that the Company wait until October, when therainy season normally ends, to begin this work.
“Like anywhere, it's impossible topredict the weather year-to-year. Last year in the Sierra, rain wasn'tparticularly heavy during this mid-year hurricane/rainy season.However, this year there's been a large amount of rain, including arecent deluge from Pacific hurricane Nora.
“Every time the project areareceives heavy rain, we're having to repair washed-out access roads,the drillers have limited access to the drill rigs and have beenchallenged to set up and establish the drill water supply line to thesecond rig. Despite these challenges, when it's been dry the drillershave made sufficient progress such that one drill began drillingintermittently between periods of heavy rain in late August and thesecond rig is poised to begin drilling this week.
“We're hoping the drillers willcontinue to get some breaks in the weather that will allow drillproduction to be sustained as the rainy season tapers, this taperingexpected to occur later this month and into October."
Two diamond drill rigs are on site with the objective of testingtargets generated by the 3D modelling of surface and geophysical data.The Company intends to initially drill 2 - 4 holes within each targetzone then move to another target zone to drill a similar number ofholes. Company geologists will await the results from the earlierholes testing the earlier target zones prior to further follow updrilling of these areas. The initial holes, currently being drilled,are testing targets in the Carneritos area in the east of the 4 kmtrend.
Although it's difficult to accurately predict turnaround time at thelaboratory given that whatever the current timeline may be, this maynot be the timeline in the weeks ahead when Mammoth delivers itssamples. This notwithstanding, the Company remains optimistic it willhave some initial results to report from the first drill holes beforethe end of October. The Company will keep shareholders apprised ofprogress in the weeks ahead, including any additional weather-relateddelays and drill rig progress.
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 metals mineralization.
To find out more about Mammoth Resources and to sign up to receivefuture press releases, please visit the company's website at: www.mammothresources.ca ., or contact Thomas Atkins, President andCEO 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.
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