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Mammoth Resources Corp.
Summary
| Project: | Tenoriba | |
|---|---|---|
| Deposit: | Tenoriba | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2018: Mammoth Resources Corp. announces an Exploration/Drilling Update report for its Tenoriba deposit at the Tenoriba project. Drilling results incl. 126.8m @ 0.52g/t AuEq. Toronto, Canada (December 5, 2018) - Mammoth Resources Corp. (TSX-V: MTH), ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Simpson (Internal) | |
| ABSTRACT: | Toronto, Canada (December 5, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to provide an update on activities at its Tenoriba gold-silver-copper exploration property in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico, including: 2017-18 Exploration Program Summary, Highlight Results, Conclusions and Opportunities, and Recommendations for Future Work. 2017-18 Exploration Program Summary Company geologists vacated the property in late June until early October of this year during what is traditionally the annual rainy season in the area following a lengthy period of exploration from late 2017 through the first half of 2018. Mammoth geologists returned to the property in October to sample gaps in the drill core between intervals of reported mineralization which had not previously been sampled and to perform maintenance on roads in and around the project area following the seasonal rains. During the 2017-18 diamond drill program Mammoth drilled, logged and sampled 13 diamond drill holes for a total of 2,705 metres (m) testing to maximum vertical depths of 200 m numerous targets based on geophysical features, surface geology, presence of gold, and intriguing geochemistry. The area mapped, sampled and analysed for gold consists of an approximate 5 kilometres (km) west, south west - east, northeast strike length and potentially economical grades of gold-silver were intersected over metres to many tens of metres in 9 of 11 holes reported, two holes are yet to report results (please refer to table of all reported drilling posted on the Company’s web site at: http://www.mammothresources.ca.update.editmec.com/i/maps_figures/2018-11-30_Summary-Drilling-Results-Total-Program.pdf). The Induced Polarization (IP) and Magnetic (Mag) geophysics survey covered approximately 40 percent of this area. Diamond drilling was targeted at confirming whether geophysics could be a useful tool in targeting features at depth which were responsible for the surface gold mineralization. In this extent the drill program was very successful. Thomas Atkins, President and CEO of Mammoth commented on the results from drilling, stating: “We’ve always been impressed and intrigued by the sheer dimensions of the gold-silver footprint at Tenoriba, one that measures about 15 square kilometres and still remains open to the east and west. “Given we intersected potentially economical values of gold-silver in 9 of 11 drill holes from this campaign and that 7 of these holes tested areas over one kilometre to the east and west of the area previously drilled, illustrates the vast potential of the deposit. | |
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