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Mammoth Resources Reports Average 0.77 Grams per Tonne Gold Equivalent over a Total of 129 Metres in Surface Trenching Channel Sampling Program at Its Tenoriba Precious Metal Property, Mexico
Toronto, Ontario--(Newsfile Corp. - September 21, 2017) - Mammoth Resources Corp. (TSXV: MTH ...
About this update from Mammoth Resources Corp.
[{"type":"text","content":"Mammoth Resources Reports Average 0.77 Grams per Tonne Gold Equivalent over a Total of 129 Metres in Surface Trenching Channel Sampling Program at Its Tenoriba Precious Metal Property, MexicoToronto, Ontario--(Newsfile Corp. - September 21, 2017) - Mammoth Resources Corp. (TSXV: MTH), (the \"Company\") is pleased to announce results from the final 2 surface channels cut and sampled at its Tenoriba precious metal property in Chihuahua State, Mexico and average grade of the various channels cut during this program. The most recent results are from the Los Carneritos and the Cerro Colorado areas, two gold-silver mineralized areas at Tenoriba separated approximately 5 kilometres one from the other (refer to Figure 1 - Tenoriba Channel Location Map), results of which are shown in Table 1 - Channel Sample Results and are summarized in the table below (most recent results shown in bold text), together with previously reported results from this program. A more detailed image of Carneritos 6 trench location can be seen in Figure 3 - Los Carneritos Channel Location Map in the press release dated August 22, 2017. The average grade of the channel samples cut was 0.77 grams/tonne (g/t) gold equivalent (assuming a silver : gold ratio of 75 : 1) over a total of 129.0 metres cut at 12 locations over more than a 5 kilometre strike length throughout the 15 square kilometre area of precious metal mineralization at Tenoriba, after withholding two low grade channels; Carneritos 5 (11.9 metres grading on average 0.08 g/t gold equivalent) and Masuparia 3 (12.0 metres grading on average 0.12 g/t gold equivalent). Thomas Atkins, President and CEO of Mammoth commented on the channel sample results stating: \"With all 14 channel sample results reported we're pleased to be able to report an average grade of 0.77 grams per tonne gold equivalent over 129 metres of channel sampling in 12 of the 14 channels. Two low grade channels were discarded from this averaging while the 12 channels remaining were distributed over more than a 5 kilometre strike length within the 15 square kilometre area of precious metal mineralization at Tenoriba. These are excellent results with lengthy channels separated from one another by hundreds of metres with an average precious metal grade as much as 80% above the reserve grade of profitable open pit heap leach mines currently ope...