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