Latest n !ews is very positive !The latest news release from Mammoth is great news !
This material leaches, this deposit could be huge and the property could be very profitable. The work carried out was done on the old drill cores from 2008 and the bottle roll testing has proven that it can be leached in a very short time period. They recovered 90% over a 12 hour period. The zone for this property that has been defined is about 15 square kilometers. That is large enough to easily host a million plus ounces. There is potential here for a significant amount of gold with minimal effort required to mine it. Most of it seems to be near the surface so all they really need to do is take a couple of backhoes and a dump truck, haul ore to a leach pad and start generating cashflow !
I am very suprised the stock did not move on this news as it is significant. Mammoth seems to be caught up in the doldrums of the junior market and in my opinion is a strong buy. Itwon't be flying under the radar for long !
Read the news and do your own DD.