MMMRF - Mammoth Reports an Additional Two Kilometres of 3D Geophysical Modelling at its Tenoriba Gold-Silver Property Mexico
(TheNewswire)
Toronto, Canada – TheNewswire - April 22, 2021 - Mammoth Resources Corp.(TSXV:MTH) (OTC:MMMRF) , (the “Company”, or “Mammoth”) is pleased to provide results from an additional twokilometres (km) of the 3-dimensional (3D) drill targetmodelling from its infill, InducedPolarization/Magnetometer (IP/Mag) geophysical survey recentlycompleted at its 100% owned Tenoriba gold-silver property located inthe prolific Sierra Madre precious metal belt, Mexico. This 3Dmodelling shows strong correlation between anomalous surfacegold-in-soil, chip and channel samples together with numerous goldintervals in diamond drilling and extends these coincident featuresover what now totals a 2.4 km trend of a larger 6 km trend of surfacegold-silver mineralization at Tenoriba.
For illustrations of the results from this modellingplease refer to Figure1 to this press release - “ Location Map of Area of 3D InterpretedGeophysical Survey”, Tenoriba Project , Figure 2 - “ IllustrativeIP-Chargeability Surface Plan, Line 59100E to 61500E, Tenoriba Project(with anomalous gold-in-soil results)” and Figure 3 - “ Illustrative 3D,IP-Chargeability Image, Section 61000E, Looking West, Carneritos Area,Tenoriba Project (with anomalous gold-in-soil results) ” .
To view an illustrative animation of the 3D modelling discussed inthis press release showing IP-chargeability features coincident withanomalous gold-in-soil results, please refer to the Company’swebsite: www.mammothresources.ca “Projects” section “Maps, Images and Photographs” section,under today’s date.
Thomas Atkins, President and CEO ofMammoth commented on results from the geophysical modelling,stating: "Mammoth havingcompleted the infill geophysical survey in early April, we continue towork with the Intelligent Exploration geophysicists to compile andmodel in three dimensions the results from the survey together withother surface and drill data. This compilation and modelling is beingundertaken to identify drill targets along the six-kilometre trend ofgold-silver mineralization at Tenoriba.
“We’re very pleased with whatwe’re seeing so far in this modelling. There’s a strongcorrelation between combinations of chargeability, resistivity,magnetic susceptibility and metal factor in the geophysics withsurface gold values in soil, chip and channel sampling, and where thesurvey has been modelled so far, good extensions of geophysicalfeatures around prior drill holes where potentially economicalgold-silver intervals were intersected.
“We’re looking forward to thecontinuation of this modelling as we prioritize drill hole locationsfrom this work over the full six-kilometre strike length of surfacemineralization for 2021 drill program to test these targets. We lookforward to sharing the results of this targeting work as we advancetowards this drilling.”
As part of its first quarter 2021 surface exploration program Mammothis advancing detailed confirmation geological mapping and expandedsampling with an infill IP/Mag geophysical survey and 3D drill targetmodelling. The IP/Mag infill geophysical survey isdesigned to cover most of the 60% of the 6-kilometre trend of surfacemineralization not previously covered by the Company’s earlier 2013IP/Mag survey. This work follows up on activities performed byCenterra Gold during its 21 months on Mammoth’s Tenoriba property(Centerra notified Mammoth it was ceasing its exploration activitiesin Mexico in September 2020, returning 100% of the Tenoriba propertyto Mammoth - refer to press releasedated September 22, 2020) and based on the recommendations, followinga review by PhD geologists Drs. Ressel and Christensen of MDA/RESPECconsulting. The PhD study included a review of all historical datafrom exploration activities at Tenoriba, including mapping andsampling over 3,000 surface soil and rock samples and 26 drill holestotalling almost 5,000 metres (m) sporadically testing mineralizationalong 4 km of the 6 km trend of known gold-silver mineralization. Thereport concluded that “Tenoriba is a high-quality early to mid-stageexploration project with potential to host an economichigh-sulfidation epithermal deposit” (refer to press release datedFebruary 18, 2021 and Mammoth’s website: www.mammothresources.ca/s/TechReports.asp .) .
A total of 2.4 km of 3D modelling of the geophysical data is nowcomplete. Mammoth is working closely with Intelligent Exploration (IE)geophysicists to model the IP/Mag geophysical characteristics of therocks in this area employing 3D technology combining a combination ofsurface and drill data to assist in identifying attractive targets forthe continuation of the surface gold-silver mineralization at depth.IE is a geophysical consultancy of highly experienced PhD and P.Geogeophysicists, with years of experience on a variety of deposit types,employing the most modern geophysical techniques to enhance thegeophysical evaluation of mineral deposits.
QualifiedPersons:
The IP/Mag survey is being conducted byGéophysique TMC (TMC) of Val d’Or Quebec, contracted by Mammothfrom TMC’s Mexico office. Chris Hale and John Gilliatt are theprincipal geophysicists at Intelligent Exploration. Dr. Chris Haleholds a BSc in Earth and Planetary Sciences from Erindale College,University of Toronto, a MA from the University of California and aPhD from the University of Toronto and has 45 years of mineralexploration experience. John Gilliatt holds a BSc in Geophysics fromthe University of Alberta and is registered as a P.Geoph. (Alberta)and has over 30 years of mineral exploration experience. Both partnershold P.Geo. registration in Ontario and are members of the CanadianExploration Geophysical Society (KEGS). IE provides consultingservices under a Certificate of Authorization from the APGO(Association of Professional Geoscientists of Ontario).
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 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.
Figure 1 - LocationMap of Area of 3D Interpreted Geophysical Survey, TenoribaProject
Figure 2 - Illustrative IP -Chargeability Surface Plan, Line 59100E to 61500E, TenoribaProject
(with anomalous gold-in-soil results)
Figure 3 - Illustrative 3D,IP-Chargeability Image, Section 61000E, Looking West, Carneritos Area,Tenoriba Project
(with anomalous gold-in-soil results)
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