RE:RE:RE:All Clear for AppreciationYes Trickyguy: expect steady upward movement... great news release today! (again)
Mammoth Commences 2021 Field Exploration Program
Toronto, Canada – TheNewswire - January 27, 2021 - Mammoth Resources Corp. (TSXV:MTH) (OTC:MMMRF), (the “Company”, or “Mammoth”) is pleased to announce that following the strong investor enthusiasm for its recent private placement and the $88,500 increase in the gross proceeds from this financing to $688,500, the Company has mobilized crews to the Tenoriba project site and has begun its 2021 exploration program. Company Vice President Exploration, Richard Simpson is at the project site and coordinating activities with local crews initially establishing exploration logistics and installing the grid for the infill geophysics survey scheduled to commence in early-mid February.
Thomas Atkins, President and CEO of Mammoth commented on the commencement of the 2021 field program, stating: “Following the terrific reception by investors for the recent private placement, Mammoth wasted no time in getting activities rolling at the project site despite some of the challenges to operating an international exploration program under increasing restrictions related to the COVID-19 pandemic. Our personnel are following guidelines suggested by leading medical experts while we advance activities at Tenoriba to position the project for the infill IP/Mag geophysics survey scheduled to commence mid-February. Once completed, the new geophysical data will be incorporated into the 3D modelling of all historic and new geophysical data, plus all surface and drill data, to assist in selecting drill targets for the Mammoth’s upcoming 2021 drill program. We look forward to reporting on results from the various project activities over the coming weeks.”
Once Mammoth has completed the geophysical grid, a consulting geophysical company is scheduled to commence the infill IP/Mag survey assuming no issues resulting in any delays, in mid-February. This consultancy will be working closely with the consultants the Company has engaged to perform the 3D modelling of the historic geophysical, surface and drill data. Additionally, Mammoth will be doing some follow up and infill mapping and sampling to supplement this geophysical survey. All additional data will be incorporated with all historic surface and drill data to assist in 3D modelling of surface and subsurface features to target drill hole locations for the Company’s planned 2021 diamond drill program, currently scheduled to commence towards the end of the current quarter.
https://ceo.ca/@thenewswire/mammoth-commences-2021-field-exploration-program