REPORTS INITIAL RESULTS FROM DIAMOND DRILLING AT ITS TENORIBA PRECIOUS METAL PROPERTY, MEXICO
Mammoth Resources Corp. (MTH.V) has released results from the first two diamond drill holes on its Tenoriba precious metal property in southwestern Chihuahua state, Mexico. The results are for two of three planned holes in the El Moreno area, located 1.4 kilometres west of the only holes previously drilled and reported on the property and are the first drill holes ever drilled into the El Moreno area. Results are shown in the associated table.
Weighted Weighted Weighted average average average gold silver gold equivalent* Hole From To Total grade grade grade No. (m) (m) (m) (g/t) (g/t) (g/t) TEN 17-01 169.0 209.0 30.0 0.77 2.0 0.79 (including) 198.5 204.5 5.9 3.41 7.2 3.51 TEN 17-02 180.5 260.5 80.0 0.17 0.3 0.18 (including) 187.0 196.0 9.0 0.51 5.3 0.52 (including) 180.5 196.0 15.5 0.35 8.6 0.36 * Gold equivalent wherein silver grade is converted to gold grade at 75 grams per tonne silver to one g/t gold. Lengths shown are core lengths versus perpendicular true length of mineralized intersection.
Thomas Atkins, president and chief executive officer of Mammoth, commented on the initial drill results stating: "We're very pleased with these initial results. The objective of this drilling is to test for the first time the depth extension of surface mineralization along a six-kilometre trend identified by Mammoth. These initial results begin to confirm the continuity of potentially economical surface mineralization at depth along this trend.
"This is the first drilling on the property following 10 of 15 holes drilled in 2008, reporting potentially economical mineralization over 0.4 kilometre of the six-kilometre trend. These initial intersections of potentially economical gold at the El Moreno area are located 1.4 kilometres west of the area previously drilled. Although these intersections occur at considerable core lengths, vertical depths below surface mineralization are significantly shallower due to the angle of the drill hole and the slope of the ground at these locations.
"There remains 50 metres of core still to be sampled from hole TEN-17-02 and although the grade of mineralization in hole TEN-17-02 isn't particularly, what's impressive is the length of the mineralized interval within a suite of rocks that are commonly associated with high-sulphidation systems and which continues to support our belief that there's a robust mineralizing system present at Tenoriba the roots of which remain to be found."
About Mammoth Resources Corp.
Mammoth Resources 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 per cent of the Tenoriba property located in the Sierra Madre precious metal belt in southwestern Chihuahua state, Mexico.