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Mammoth Announces Results of Independent Drill Hole Spacing Analysis with Recommendations to Identify Initial Mineral Resource Estimate at Tenoriba Gold-Silver Property, Mexico
(TheNewswire) Toronto, Canada – TheNewswire - November 30, 202...
About this update from Mammoth Resources Corp.
[{"type":"text","content":"Mammoth Announces Results of Independent Drill Hole Spacing Analysis with Recommendations to Identify Initial Mineral Resource Estimate at Tenoriba Gold-Silver Property, Mexico\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto, Canada –\n \n \n \n \n TheNewswire -\n \n \n \n November 30,\n \n \n \n 2023 - Mammoth Resources Corp. (TSXV:MTH), (the “Company”,\n \n \n \n \n or\n \n \n \n \n “Mammoth”)\n \n \n \n is pleased\n \n \n \n \n to announce the results from an independent, third-party\nexpert study of the Company’s relevant geological data to perform a\nDrill Hole Spacing Analysis (DHSA). The purpose of this study is to\nguide the design of future drilling to establish an Initial Mineral\nResource Estimate at Mammoth’s 100% owned Tenoriba gold-silver\nexploration property in the Sierra Madre precious metal belt,\nMexico.\n \n \n \n The DHSA was performed by Mr. Fred Brown,\n \n M.Sc., P.Geo.\nof P&E Mining Consultants Inc. (P&E) and reviewed by Eugene\nPuritch, P.Eng., FEC, CET, President of P&E and took into account\nhistorical geological data, including\n \n data supplied\nelectronically in the form of Excel spreadsheets, ASCII text files and\npdf files containing all Mammoth drill hole data, in addition to\ntopographic data and a series of interpreted cross-sections, a 2021\nMammoth produced drilling report and the Company corporate\npresentation in order to assist in determining a proposed drill hole\nspacing P&E believe would be required to estimate an Inferred\nMineral Resource at Tenoriba.\n \n \n Based on the data supplied by Mammoth, P&E recommended a drill\nhole spacing for an Inferred Mineral Resource as follows in the three\nmain mineralized areas at Tenoriba (refer to\n \n Figure 1 -\nDrill Hole Collar Locations, Tenoriba Property Drilling\n \n and\nFigure 2 - Location Map, Tenoriba Property Drilling).\n \n \n \n \n El Moreno: 80 metres\n \n \n \n \n Masuparia: 40 metres\n \n \n \n \n Los Carneritos: 80 metres\n \n \n \n \n \n Thomas Atkins, President and CEO of\nMammoth Resources commented on the recommendations of the DHSA,\nstating\n \n \n : \"\n \n \n Mammoth was successful in its 2021-22\ndiamond drill program often intersecting multiple tens of metre\nintervals of potentially economical gold-silver mineral...