Slide 1: Mammoth Resources Corp. - October 2024
Vuggy Silica Outcrop Diamond Drill Core Locally Panned Gold TSXV: MTH / OTC: MMMRF October 2024
Slide 2: Disclaimer / Qualified Person
Disclaimer / Qualified Person Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes forward-looking information. Such information is based on current expectations, estimates and projections formulated using assumptions believe
Slide 3: Valuation/Trading
Valuation/Trading Attractive Capital Structure - Compelling Valuation 67.1 million basic shares outstanding / 71.5 million fully diluted Shares are held 10% by insiders, 35% by institutions/HNW individuals and 20% by close associates. Although the gold price has increased significantly, Mammoth’s sh
Slide 4: Tenoriba Project Overview
TENORIBA PROJECT OVERVIEW Mammoth owns a 100% interest in the Tenoriba, High Sulphidation, gold- silver project (subject to a 2% NSR royalty purchasable for US$1.5M 2 years into commercial production). 5,333 hectare property (13 km x 4 km) in the Sierra Madre southwestern Chihuahua State, Mexico
Slide 5: Tenoriba - Located in Prolific Gold-Silver Region
Tenoriba - Located in Prolific Gold-Silver Region In the 20 yr period 1995 - 2015 numerous deposits have been discovered in the Sierra Madre. • Dolores - Pan American Silver • Mulatos - Alamos Gold • Pinos Altos - Agnico Eagle • Ocampo - Aurico Gold • Monterde - Kimber Resources • San Miguel - Param
Slide 6: Tenoriba Project - Location and Infrastructure
Tenoriba Project - Location and Infrastructure • 100% interest in 4 concessions covering 5,333 hectares. • Exploration focused on 3 areas of gold-silver mineralization over a 6 km strike length. Area of known mineralization 6
Slide 7: Tenoriba Project - High Sulphidation Setting
Tenoriba Project - High Sulphidation Setting Tenoriba has characteristics common to High Sulphidation systems in the Sierra Madre* - Mulatos: 6.2M ozs, La India: 1.4 M ozs, El Sauzal: 2.0 M ozs Tenoriba Features Confirmed by • Felsic volcanics 2021 - PhD (dacitic, lithic geologist crystal tuff, revi
Slide 8: Historical Exploration - First phase of drilling
HISTORICAL EXPLORATION - First phase of drilling • Phase 1 - 15 hole diamond drill program completed in 2008* • Potentially economical grades over attractive widths intersected in 10 of 15 holes drilled 62.80 64.70 1.90 45.90 120.50 132.00 11.50 2.26 110.00 144.40 34.40 1.03 4.00 70.00 66.00 0.50 88
Slide 9: Mammoth Exploration - Prelim Metallurgy
MAMMOTH EXPLORATION - Prelim Metallurgy • Heavy metal separation/microscope analysis indicating gold occurring as free gold - on the surface and/or along fractures within sulfides. • Collected samples from various depths/drill holes to perform bottle roll tests which showed excellent recovery of gol
Slide 10: Mammoth Exploration - Mapping & Sampling
MAMMOTH EXPLORATION - Mapping & Sampling >600 chip samples (minimum 1.5 m) with gold-silver concentrated in 3 principle areas along a 5 km east-west trend, open to the east and west 1. Los Carneritos (1.5 x 0.75 km) Of 146 samples assayed, 74% (115 samples) assayed >0.3 g/t gold and an average grade
Slide 11: Mammoth Exploration - Channel Sampling
MAMMOTH EXPLORATION - Channel Sampling • 14 channels were cut for a total of 151 metres along 5 km of strike 11 11
Slide 12: Channel Sample Results
Channel Sample Results Weighted Average Weighted Weighted Gold Channel True Average Average Equivalent* Location Sample Numbers Width Width Gold Grade Silver Grade Grade (m) (m) (g/t) (g/t) (g/t) El Moreno 1 330732 to 330740 13.6 11.5 0.64 2.5 0.67 El Moreno 2 330789 to 330800 16.5 16.0 0.38 4.3 0.4
Slide 13: Mammoth Exploration - Diamond Drilling
MAMMOTH EXPLORATION - Diamond Drilling 8 of 11 targets tested, diamond drilling assayed potentially economical gold mineralization over 10’s of metres. 13
Slide 14: Highlight Drill Intervals
Highlight Drill Intervals Note: Gold Equivalent where 75 g/t Ag = 1 g/t Au = 15 lbs Cu 14
Slide 15: 2021 Gold in Soil Extension
2021 Gold in Soil Extension Extension of gold in soil anomaly - 1 km extension increasing gold-in-soil footprint to 5.5 km, sampled up to 6.3 g/t gold IN SOIL.* Carneritos Masuparia Moreno 15
Slide 16: 2021 Infill Geophysics
2021 Infill Geophysics 63 km in-fill geophysics survey (I/P & Mag) with 3D modelling identified 5 TARGET AREAS over 4 km of a 6 km trend - attractive geophysics features are coincident with prior drilling, surface soil, chip and channel samples. 16
Slide 17: 2021 Infill Geophysics - 3D modelling
2021 Infill Geophysics - 3D modelling Below surface areas coloured orange through red to pink indicate features attractive for hosting gold-silver mineralization. 17
Slide 18: 2021-22 Drill Hole Locations
2021 - 22 Drill Hole Locations 2021-22, 27 hole / 3,300 m diamond drill program - 10’s of metres of potentially economical gold-silver mineralization blocking-out 3 large areas. 0 100 200 300 metres
Slide 19: 2021 Drill Hole Locations
- 22 Drill 2021 Drill HoleHole Locations Location Panoramic view of drill hole locations over Tenoriba Project terrain (Google Earth image, looking east). Carneritos Area Masuparia Area Moreno Area
Slide 20: 2021 Highlight Drill Intervals
2021 Highlight Drill Intervals Potentially economical gold-silver mineralization in >85% of all holes drilled - weighted average grade = 0.65 g/t Au Eq over average 37.5m interval Weighted Weighted Weighted Weighted Average Average Average Average Gold Hole Gold Silver Copper Equivalent* Location Nu
Slide 21: 2022 Drill Program Follow up
2022 Drill Program Follow up Third party resource expert assessed drill spacing for a maiden Inferred resource. - Moreno & Carneritos - 80 m ~100 - 150 drill holes to 50 m depth = maiden resource - Masuparia - 40 m Carneritos Masuparia Moreno
Slide 22: Tenoriba Exploration Target
Tenoriba Exploration Target Employing all historical drill results, Mammoth geologists studied the Exploration Target (gold-silver mineral resource potential) at Tenoriba. • Initial Target within surface to shallow oxidized-mixed mineralized horizon for open pit - heap leach potential • Separate stu
Slide 23: Tenoriba Exploration Target - 3 Principle Areas
Tenoriba Exploration Target - 3 Principle Areas Drilling spread among the 3 principle areas of known mineralization over 3 phases of drilling – 163, 50 m drill holes in Phase 1 & 2
Slide 24: Tenoriba Exploration Target - Carneritos Area
Tenoriba Exploration Target - Carneritos Area Carneritos area drilling - only 5,000 m drilling (100, 50 m depth holes) has the potential of defining up to 800,000 gold Eq ozs in shallow Oxide-Mixed horizon Phase 1 drill program - 60 holes, 50 m depth Potential for 800,000 gold Eq Phase 2 drill progr
Slide 25: Tenoriba Exploration Target - All Areas
Tenoriba Exploration Target - All Areas 3 Phase drilling to outline Inferred, Oxide-Mixed (open pit/heap leach) resource all 3 known, mineralized/drilled areas • Phase 1 - Carneritos Area - 60, 50 m depth holes to define potential 530,690 oz gold Eq. Quoted cost to drill of $1.50 per Target gold Eq
Slide 26: Comparative Surface Gold Footprints
Comparative Surface Gold Footprints Tenoriba’s gold-silver mineral footprint compares favourably with other >1.0 million ounce High Sulphidation deposits in the Sierra Madre of Mexico*. El Sauzal Mine (Goldcorp - depleted): • Initial pre-production 2P reserve (2002 - gold = US$300/oz) was 19 M tonne
Slide 27: Corporate Information Contact Information
Corporate Information Contact Information Exchange/Symbol: TSXV: MTH Contact Details: 52 week hi/low: $0.03/0.01 Thomas Atkins, President & CEO Shares issued: 67.1M Mammoth Resources Corp. Fully diluted: 71.5M 410 - 150 York Street 10 day VWAP: $0.20 Toronto, Ontario Market cap. (basic): $1.3M M5H 3