Toronto, Ontario–(Newsfile Corp. – October 25, 2017) – Mammoth Resources Corp. (TSXV: MTH) (the “Company“), is pleased to announce a diamond drill program from 8 to 24 high priority targets planned to commence in November 2017 on its Tenoriba gold-silver property in Chihuahua State, Mexico (the project was drilled by a predecessor company in 2008 which reported gold intersections in 10 of 15 holes drilled).
Mammoth has targeted its drill holes based on what it believes is a compelling combination of: (1) surface geology, (2) trace element geochemistry, (3) gold bearing samples from chip and cut channels over a large 15 square kilometre area of gold mineralization, (4) PIMA sampling results indicating proximity to high temperature geothermal activity coincident with surface gold values, and (5) a ground Induced Polarization (IP) and Magnetometer (Mag) geophysics survey which illustrates attractive geophysical features at depth coincident with surface gold mineralization, artisanal workings and in some cases intersected at depth by a predecessor company’s drilling (the highest grade intersection assaying 45.9 grams/tonne gold over 1.9 metres in drill hole 7 and the lengthiest gold intersection assaying 34.4 metres grading 1.03 grams/tonne gold in drill hole 11 and 66 metres grading 0.5 grams/tonne gold in drill hole 14) (for additional information on these results please feel free to reference the technical reports available on the Company’s website at the following link: http://www.mammothresources.ca/s/TechReports.asp.). Mammoth intends to post a technical report on its drill target selection at the same “Technical Reports” location on the website in the coming days. A number of these drill hole locations are discussed and illustrated in the following commentary.