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Mammoth Resources Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2017) - Today's buy recommendation ...
About this update from Mammoth Resources Corp.
[{"type":"text","content":"Mammoth Resources Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - December 7, 2017) - Today's buy recommendation comes from Fundamental Research Corp. Analyst Sid Rajeev gives Mammoth Resources (TSXV: MTH) a buy rating and a fair value estimate of $0.41 per share, a premium of 412% to the $0.08 closing price on November 21st, the day the report was issued. Mammoth's flagship asset is the Tenoriba property located in the heart of the Mexican Sierra Madre, in southwestern Chihuahua State, Mexico. InvestmentPitch Media has produced a \"video\" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Mammoth Resources\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_8j4keaeh/Fundamental-Research-has-initiated-coverage-on-Mammoth-Resources-TSXV-MTHThe Sierra Madre Occidental range includes one of the world's largest precious metal regions, running from southeast Arizona, U.S., to Guanajuato, Mexico, a distance of 1,500 kilometres. It has been mined for hundreds of years, with the region hosting several well-known mines and advanced stage deposits.The Tenoriba property, covering 5,951 hectares, is comprised of four concessions. The property was previously drilled in 2008 by a predecessor company. Of the 15 holes drilled, 10 holes reported potentially economical gold intersections, with the best results being 45.9 grams per tonne over 1.9 metres, 2.26 grams per tonne over 11.5 metres, 1.03 grams per tonne over 34.4 metres, including 2.82 grams per tonne over 7.4 metres. The longest intersection graded 0.5 grams per tonne over 66 metres.Analyst Sid Rajeev stated: \"The property has a long history of artisanal mining, but limited modern exploration. Based on the historical work performed on the property, which included surface mapping, sampling, soil and rock geochemical analysis, and drilling, the project shows all the characteristics of a high sulphidation precious metal system covering a large 15 sq. km area. (5 km by 3km). The system remains open to the west and east\".In September 2017, the company announced results of the trenching program, which showed an average of 0.77 grams per tonne gold equivalent over 129 metres in 12 of the 14 channel samples...