InvestmentPitch Media Video Discusses Mammoth Resources Report of 81.0 Meters grading 0.48 g/t and 48.0 meters grading 1.21 g/t AuEq from Diamond Drilling in Mexico

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VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) — Mammoth Resources Corp. (TSXV:MTH), (OTCPink:MMMRF) has released results from four additional drill holes from its diamond drill program on its Tenoriba gold property in Mexico. The Company holds a 100% interest in the 5,333-hectare Tenoriba gold property located in the Sierra Madre precious metals belt in southwestern Chihuahua State, Mexico, subject to a royalty net smelter of 2% purchasable for US$1.5 million at any time within two years of commencing commercial manufacturing.

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A media clip accompanying this announcement is available by clicking on the image or link below:

InvestmentPitch Media Video discusses Mammoth Resources' report of 81.0 meters grading 0.48 g/t and 48.0 meters grading 1.21 g/t AuEq from diamond drilling in Mexico: InvestmentPitch Media Video Discusses Mammoth Resources Report on 81.0 Meters Grade 0.48 g/t and 48.0 Meters Grade 1.21 g/t AuEq from Diamond Drilling in Mexico

For more information, please watch the InvestmentPitch Media video which provides additional information on this news and the company, as well as video commentary from Thomas Atkins, President and CEO of Mammoth Resources. The video can be viewed at “InvestmentPitch” and on “Youtube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Mammoth” in the search field.

A total of 27 holes were drilled for a total of 3,240 meters, with 4 holes launched today. 17 have already been released, with results for the remaining 6 holes to be released in the coming weeks.
The drill program was designed to test up to 5 target zones that range from hundreds of meters to over a kilometer in strike length along a 4 km east-west trend of gold-silver mineralization.

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The targets were identified in 3D modeling incorporating data from over 3,000 soil, chip and channel samples, 26 prior diamond drill holes, geological and structural mapping and potential continuity at depth of mineralization surface, as indicated by an IP/Mag geophysical survey. Today’s 4 holes, TEN21-18-21, totaling 389 yards, brings the reported total to date to 2,624 yards.

These holes were all drilled in the Carneritos target area where abundant surface gold-silver mineralization occurs over a large area 1,400 meters long and up to 500 meters wide. A summary of the potentially economic intervals from the four drill holes reported today is shown in the video.

Drill hole TEN21-18 did not reach its target depth as it was abandoned due to poor ground conditions as the drill rods tightened and were in danger of being lost. The hole returned potentially economic Gold Eq values ​​over the entire core interval and given that it had to be abandoned due to poor ground conditions, it is believed that there is further potential for further drilling. gold-silver mineralization at greater depths.

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Drill hole TEN 21-21 successfully intercepted nearly 50m of gold-silver mineralization in excess of 1.2 g/t Au Eq, one of the highest grade-thickness holes drilled at Carneritos this day. Additional drilling 50-200m to the north, west and northwest of this hole is recommended to help define the north-central limits of gold-silver mineralization at Carneritos.

Richard Simpson, VP Exploration, added: “Similar to what Tom is saying, I’m very encouraged by these results, both the long intervals and the higher level intervals. Based on surficial geology and sampling results, we believed there was potential for these higher grades. It is great to intersect them at such interval lengths and we believe this bodes well for future drilling and a strong gold-silver mineral resource at Carneritos..”

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For more information on today’s results, please see today’s press release. Mammoth is seeking further option opportunities on exploration projects in the Americas on properties that it believes have above average potential for economic concentrations of precious metal mineralization.

The shares are trading at $0.035. For more information, visit the company’s website, www.MammothResources.cacontact Thomas Atkins, President and CEO, at 416-509-4326 or by email at [email protected].

Disclaimer

The information in this InvestmentPitch Media Ltd video is intended for viewers only. Mammoth Resources paid a fee not exceeding $2,000 in cash to have its current press release produced in video format. Company information is based on publicly available information. Any information provided by InvestmentPitch Media Ltd., through its media services should not be construed as a recommendation, suggestion or offer to buy or sell any securities, but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or representations as to the accuracy or completeness of this information. All due diligence should be performed by the viewer or their financial advisor. Investing in securities is speculative and involves risk.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which, combined with its wide distribution, positions a company’s story in front of the thousands of companies seeking exposure and funding from the investment community. The company specializes in producing short videos based on important press releases, research reports and other content of interest to investors.

CONTACT:
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