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An Intriguing Metals & Mining Play Located in a Prolific Gold-Silver Belt

Featured Submission, Featured Submission
1 Comment| March 1, 2022

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Mammoth Resources (TSX-V.MTH, OTC: MMMRF, Forum) is a publicly listed precious metal mineral exploration company.

The company is guided by an experienced management team with over 100 years of combined industry experience among a small group including the CEO, VP Exploration, CFO and independent director - CEO: 35 years experience - Geologist/MBA, corporate/investment banker and past senior executive of 4 successful large cap, exploration, development and production stage companies.

The company’s flagship 5,333-hectare (4 by 13 kilometre) asset is its 100% owned gold-silver with copper, Tenoriba Project located in the prolific metal producing Sierra Madre region in northwest Mexico.

(Click image to enlarge)

$5.5 million has been spent on Tenoriba to date, including: 26 diamond drills holes testing areas along a 4 km trend to 150 m depth, 18 of which are potentially economical:
  • Drill hole TDH - 07 grading 4.0 gram/tonne gold over 24.7 metres, and 2.2 kilometres northeast
  • Drill hole TEN 17 - 06 grading 0.52 gram/tonne gold over 126.8 metres.

Mammoth has a modest market valuation, in particular when taking into account recent amounts spent at Tenoriba defining gold-silver with copper mineralization.

Historic results are made more significant as they show the potential for a low cost, large scale, open pit mine (abundant surface mineralization) and heap leaching processing (free gold).

The company is in the midst of a $1.5 million drill program testing mineralized areas along a 4-kilometre corridor of surface mineralization and coincident geophysical anomalies with results from this work expected over the coming weeks and months.

Drilling is testing up to 5 large targets measuring from 100’s of metres to 1.2 kilometres in size over a large 18 sq km (3 by 6 kilometre) gold-silver footprint - highest gold-silver sample graded 74 g/t gold - 62 g/t silver.

Project had been optioned by Centerra Gold (TSX listed $3.7 billion market capitalization company) which was to spend US$10 million to earn 70% interest in Tenoriba, in 2019 – 20 – September 2020 Centerra announced they were leaving Mexico, returning 100% of Tenoriba to Mammoth after having spent $1.2 million over 21 months, permit submitted for 139 drill holes / two contractors bidding on drill program.

For more information, visit

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

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