- Mammoth Resources Corp. reports 81.0 metres grading 0.47 g/t and 48.0 metres grading 1.21 g/t gold equivalent from diamond drilling at its Tenoriba Gold-Silver Property, Mexico
- The drill program was designed to test up to five target zones
- An additional four diamond drill holes have been completed for a total of 388.95 metres
- Data was incorporated from over 3,000 soil, chip, and channel samples, plus geological and structural mapping
- Mammoth Resources Corp’s (MTH) share price remains unchanged at C$0.035 as of 11:48 am EDT
Mammoth Resources (MTH) has announced results from an additional four drill holes from its Tenoriba gold-silver property.
The property is located in the historic and prolific Sierra Madre precious metal belt of Mexico.
The drill program was designed to test up to five target zones which measure from hundreds of metres to over one kilometre in strike length along a four-kilometre, east-west trend of gold-silver mineralization identified in 3D modelling.
This incorporated data from over 3,000 soil, chip, and channel samples, 26 prior diamond drill holes, geological and structural mapping, and the potential continuity at depth of surface mineralization as indicated by an Induced Polarization/Magnetometer (IP/Mag) geophysical survey.
An additional four diamond drill holes have been completed for a total of 388.95 metres bringing the total reported to date to 2,623.55 metres in 21 holes.
Thomas Atkins, President and CEO of Mammoth, commented on the additional drill results, stating,
“It’s encouraging to see additional successes in drilling within the large Carneritos area whereupon we’ve intersected mineralization over a greater than one kilometre by 500 metre area. It’s especially encouraging to see continued, greater than 80 metre intervals of potentially economical gold-silver mineralization and equally encouraging to see the 48 metre interval grading over 1.2 grams per tonne gold equivalent. These interval lengths and gold grades, taking into account they’re intersecting predominantly oxidized rock over tens of metres in this large target area, continue to support a bulk, open pit mining and heap leach gold extraction scenario, in-line with what we’d hoped for from this drilling.”
He added,
“Mammoth continues to block off areas hundreds of metres up to over a kilometre in size with significant step-outs from sparce historical drilling at Carneritos. Grades in this drilling are averaging those seen in multi-million ounce, High Sulphidation deposits currently being mined or under development by major mining companies in the same Sierra Madre district as Mammoth’s Tenoriba project.”
Mammoth Resources is a precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining-friendly jurisdictions in the Americas. The company holds a 100 per cent interest (subject to a 2 percent net smelter royalty purchasable anytime within two years from the commencement of commercial production for US$1.5 million) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico.
Mammoth Resources Corp’s (MTH) share price remains unchanged at C$0.035 as of 11:48 am EDT.