Mammoth Intersects 58.2 Metres Grading 0.8 Grams Per Tonne Gold Equivalent in Diamond Drilling at Its Tenoriba Precious Metal...
26 April 2018 - 9:45PM
Mammoth Resources Corp. (TSX-V:MTH)
, (the
“Company”) is pleased to announce results from two
additional diamond drill holes on its Tenoriba precious metal
property in the Sierra Madre region of southwestern Chihuahua
State, Mexico. Mammoth is also restating and supplementing results
for hole number TEN 17-07 which had previously been announced on
April 12, 2018.
Results are for the two additional holes in the
Los Carneritos area of the property; holes TEN
17-06 and TEN 17-08. These diamond drill holes at Los Carneritos
extends the strike length of gold mineralization on the
property a total of almost four kilometres within a High
Sulphidation system with mineralization open at least one
kilometre both to the east and west of this four kilometre
trend where gold has been sampled on surface. Drill hole
TEN 17-06 averaged 126.8 metres grading 0.52 grams per
tonne (“g/t”) gold equivalent (“gold Eq”), including a
higher grade intersection of 58.2 metres grading 0.80 g/t
gold Eq of which 25 metres of this interval
averaged 1.21 g/t gold Eq.
Results are shown in the table below. Drill hole
surface locations and drill cross sections illustrating the
location and depth of the mineralized intervals relative to
geophysical and topographic features are available on the Company's
website under the 'Projects' section; 'Maps, Images and
Photographs'.
Thomas Atkins, President and CEO of
Mammoth commented on these results stating: “We again have
intersected some very impressive lengths and grades of gold
mineralization at Tenoriba. In the Carneritos area, holes TEN
17-06, 07 and 08 test different targets separated by 180 to as much
as 750 metres one from another.
“Hole TEN 17-06 had the best intersection among
the three holes drilled at the Carneritos area with an impressive
126.8 metres grading 0.52 gram per tonne gold equivalent of which
within this interval assayed a lengthy 58.2 metre interval grading
0.80 grams per tonne gold equivalent.
"Hole TEN 17-08 is located 750 metres east of
TEN 17-06 and although the hole had to be abandoned due to
technical difficulties at 102 metres of a planned 200 metres to
test the target at this location, the portion of the core recovered
assayed 14.9 metres grading 0.62 grams per tonne gold
equivalent.
“We believe the potential to step-out and
extend mineralization from any of these holes is high based on
surface geology and gold in samples collected in the vicinity of
these holes. The Carneritos area is on the eastern end of a four
kilometre approximate east-west oriented trend of gold with minor
silver mineralization at Tenoriba tested in this drill program and
represents an approximate one kilometre extension to the prior,
eastern-most drilling on the property."
|
|
|
|
|
WeightedAverageGold |
WeightedAverageSilver |
WeightedAverageGoldEquivalent* |
Location |
Hole Number |
From |
To |
Total |
Grade |
Grade |
Grade |
|
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(g/t) |
Carneritos |
TEN 17-06 |
43.7 |
170.5 |
126.8 |
0.47 |
7.2 |
0.52 |
|
(including) |
70.7 |
129.0 |
58.2 |
0.73 |
3.9 |
0.80 |
|
(including) |
70.7 |
95.7 |
25.0 |
1.10 |
2.7 |
1.21 |
|
(including) |
95.7 |
111.0 |
15.0 |
0.51 |
0.4 |
0.54 |
|
TEN 17-07 |
11.5 |
53.5 |
42.0 |
0.21 |
5.0 |
0.28 |
|
|
65.5 |
78.0 |
12.5 |
0.33 |
2.4 |
0.36 |
|
TEN 17-08 |
52.5 |
67.4 |
14.9 |
0.58 |
3.1 |
0.62 |
* Gold Equivalent where silver grade is
converted to gold grade at 75 g/t Ag = 1 g/t Au and 15.3 lbs Cu =
1.0 g/t Au.
Lengths shown are core lengths versus
perpendicular true length of mineralized intersections.
TEN-17-06
Drill hole TEN 17-06 is located 160 metres (“m”)
north and 100 m west of hole TEN 17-07 which assayed 0.28 g/t gold
Eq. over 42.0 m and 0.36 g/t gold Eq over 12.5 m. Hole TEN 17-06
was collared near Carneritos channel T3, which assayed 1.07 g/t
gold Eq over 15.7 m. Mineralization in this hole is within a
fractured and occasionally brecciated and vuggy textured
crystalline lithic tuff with presence of remnant alteration
clays and from 3 to 5% pyrite in numerous shallow to high angle
micro. TEN 17-06 has a 126.8 m interval assay 0.52 g/t gold Eq of
which within this interval there was a 58.2 m section assaying 0.8
g/t gold Eq. This intersection remains open in all directions.
Additional geophysics is planned as follow up to the success of the
holes drilled in the Los Carneritos area with the survey to extend
east of the current geophysics survey where gold has been sampled
in various outcrops. Please refer to the Company's website under
the 'Projects' section; 'Maps, Images and Photographs’ for a drill
hole locations and drill sections.
TEN-17-08
Drill hole TEN 17-08 is located 750 m from the
collar of hole TEN 17-06 (400 m west and 400 m south) and 700 m
(500 m west and 200 m south) of hole TEN 17-07 which assayed 0.28
g/t gold Eq. over 42.0 m and 0.36 g/t gold Eq over 12.5 m. Hole TEN
17-08 was abandoned early and shallower than originally planned due
to technical difficulties and as such failed to fully test
the geophysical feature at this target area, however did
still report a 14.9 m interval assaying 0.62 g/t gold Eq.
Mineralization occurred within fractured iron oxide stained weak to
moderately silicified and brecciated feldspathic phyric tuff.
Mammoth expects to return to this area in the future to attempt
another hole at a slightly different orientation to further test
this target and attempt to extend the mineralization encountered at
this location. Please refer to the Company's website under the
'Projects' section; 'Maps, Images and Photographs’ for a drill hole
locations and drill sections.
Qualified Person / Quality
Controls: Richard Simpson, P.Geo., Vice-President
Exploration for Mammoth Resources Corp. is Mammoth's Qualified
Person, according to National Instrument 43-101, for the Tenoriba
property and is responsible for and has reviewed any technical data
mentioned in this news release. Please refer to the Company's
website under the "Projects" section for a description of the
Company's complete QA/QC procedures.
About Mammoth Resources:
Mammoth Resources Corp. (TSX-V:MTH) is a mineral exploration
company focused on acquiring and defining precious metal resources
in Mexico and other attractive mining friendly jurisdictions in the
Americas. The Company has an option to acquire 100% of the Tenoriba
Property located in the Sierra Madre Precious Metal Belt in
southwestern Chihuahua State, Mexico. The Company continues to seek
other option agreements in the Americas on other properties it
deems to host above average potential for economic concentrations
of precious metals mineralization.
To find out more about Mammoth Resources and to
sign up to receive future press releases, please visit the
company's website
at: www.mammothresources.ca., or contact
Thomas Atkins, President and CEO at:416 509-4326 Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. Forward Looking Information: This news release may
contain or refer to forward-looking information. Although the
Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, undue reliance should not be placed on these
forward-looking statements due to the inherent uncertainty therein.
Please refer to the Company’s website at the following link:
http://www.mammothresources.ca/s/FAQ.asp to review the Company’s
complete forward looking statement.
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