ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

MTH Mammoth Resources Corp

0.025
0.00 (0.00%)
27 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mammoth Resources Corp TSXV:MTH TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.02 0.025 0 01:00:00

Mammoth Posts Complete Geophysics Report From the Survey Performed on Its Tenoriba Project on Its Website, Report Illustrates...

09/04/2014 4:22pm

Marketwired Canada


Mammoth Resources Corp. (TSX VENTURE:MTH) has posted the complete geophysics
report, with recommendations, various surface plans and geophysical survey cross
sections from the Induced Polarization and Magnetic ground geophysics survey
performed in late 2013. The company announced on January 16, 2014 the completion
of the survey, which covered approximately one-third of the large 15 square
kilometre target area of gold and silver mineralization at its Tenoriba
Property, located in the prolific Sierra Madre precious metal belt in south
western Chihuahua state, Mexico (refer to the company's web site
www.mammothresources.ca, for a detailed location map). 


Thomas Atkins, President and CEO of Mammoth Resources commented on results from
the survey, stating: "Initially, when the company received the written report
and some surface plans discussing results of the geophysical survey, we were
impressed by the number of targets identified by the survey. The coincidence of
these geophysical targets with where we'd mapped attractive precious metal
enriched rocks, with good assay results, was encouraging. Now, viewing the
complete survey information, in particular the survey line cross sections, the
company is very excited by the coincidence of these precious metal enriched
rocks at surface and the extent to which we see these same features extending to
depth in these sections. The extension of these features at depth was exactly
what we'd hoped for from this survey. Our next steps are to design a drill
program to test these features at depth. We anticipate a first phase drill
program consisting of 15 to 20 drill holes totalling 2,500 to 3,000 metres and
expect to report on the results of this planning and the nature of these targets
in the coming weeks. The company has been seeking quotations for such a program
and it's likely no surprise that high drill rig availability offers terrific
economies for drilling at this time. The company is also advancing the
permitting process, including having consulted with those involved in the
process at the state ministry office and is optimistic of receiving permits with
little issue."


Ground Induced Polarization / Magnetic Geophysical Survey:

The geophysical surveys were performed over three grids, each grid consisting of
north-south oriented lines spaced at 100 metre intervals. Line lengths varied
from 1.2 kilometres to 2.5 kilometres, often depending on topography and ease of
access in which to conduct the ground survey. A total of 32.2 linear kilometres
were surveyed. The complete report, including all maps, plans and sections
available in the appendices section following the written report, is available
on the company's website, at: www.mammothresources.ca, Projects Section,
Technical Reports. 


Numerous cross sections, including: section 58400E in the El Moreno geophysical
grid, section 59800E and 59900E in the Masuparia grid and sections 60500E and
61300E in the los Carneritos grid, which can be seen in the appendices section
of the report, are good illustrations of intriguing geophysical features in
particular in the Resistivity-True Depth interpretative section portion in these
survey sections where such features are indicated as occurring near surface
(where the company has mapped and sampled elevated precious metal values in
attractive host rocks) and extending to depths greater than 100 metres. 


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. 


The company would also like to announce that it has issued to certain directors
and officers of the company 379,000 stock options to purchase shares in the
company exercisable at a price of $0.05 per share for a period of five years,
pursuant to the rules of the company's stock option plan.


About Mammoth Resources:

Mammoth Resources (TSX VENTURE: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% in 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.


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. All information other than statements of historical
fact that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are forward-looking
statements; examples include the listing of its shares on a stock exchange and
establishing mineral resources. These forward-looking statements are subject to
a variety of risks and uncertainties beyond the Company's ability to control or
predict that may cause actual events or results to differ materially from those
discussed in such forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mammoth Resources Corp.
Thomas Atkins
President & CEO
(416) 479-0887
(416) 363-4567 (FAX)
tom@mammothresources.ca
www.mammothresources.ca

1 Year Mammoth Resources Chart

1 Year Mammoth Resources Chart

1 Month Mammoth Resources Chart

1 Month Mammoth Resources Chart

Your Recent History

Delayed Upgrade Clock