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Mammoth Resources Corp V.MTH

Alternate Symbol(s):  MMMRF

Mammoth Resources Corp. is a Canada-based 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% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Tenoriba property is comprised of four concessions: Mapy, Mapy 2, Mapy 3 and Fernanda. It is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.


TSXV:MTH - Post by User

Bullboard Posts
Post by Suntraderon Apr 22, 2014 10:55pm
160 Views
Post# 22479668

Volume

VolumeTraded some good volume today, this really is great story that has been flying under the radar. 

Starting to wake up though !

This from the last news release where the company announced they had posted the geophysics report on their Tenoriba property:

"Thomas Atkins, President and CEO of Mammoth Resources commented on results from the survey, stating: "Initially, when the company received the written report and some surface plans discussing results of the geophysical survey, we were impressed by the number of targets identified by the survey. The coincidence of these geophysical targets with where we'd mapped attractive precious metal enriched rocks, with good assay results, was encouraging. Now, viewing the complete survey information, in particular the survey line cross sections, the company is very excited by the coincidence of these precious metal enriched rocks at surface and the extent to which we see these same features extending to depth in these sections. The extension of these features at depth was exactly what we'd hoped for from this survey. Our next steps are to design a drill program to test these features at depth. We anticipate a first phase drill program consisting of 15 to 20 drill holes totalling 2,500 to 3,000 metres and expect to report on the results of this planning and the nature of these targets in the coming weeks."
Bullboard Posts