Black Mammoth Metals Acquires the Gallinas Rare Earth Elements Property, New Mexico
Black Mammoth Metals Acquires the Gallinas
Rare Earth Elements Property, New Mexico
VANCOUVER, BC
,
Aug. 26, 2025
/CNW/ -
Black Mammoth Metals Corporation
(TSX-V: BMM /
OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that Antelope
Creek Gold Corporation ("Antelope Creek"), a wholly owned subsidiary of Black Mammoth, has
acquired a 100% interest in the Gallinas REE property ("Gallinas" or the "Property") by entering into
a long-term lease with option to purchase and by staking, which now consists of 49 federal
unpatented claims (the "Claims Position") totalling approximately 376 hectares (929 acres). The
Gallinas property is situated in the Gallinas Mountains, northern
Lincoln County, New Mexico
and is
managed by the US Forest Service. The Gallinas Mountains are part of the Basin and Range
physiographic province near the margin with the Great Plains physiographic province.
The Property is thought to encompass virtually all the known intrusive breccia pipes
(approximately 15) in the Gallinas Mining District.
The US Bureau of Mines originally evaluated
these breccias in 1943, in the early 1990s (R. Schreiner, 1991) and in recent years including
mapping, sampling and appraisal of the historic resource potential. Potassic and sodic fenitization
and carbonatization was identified in the intrusive breccia pipes and in the adjacent country rocks
suggesting that the breccias are in the upper hydrothermal level of a carbonatite system.
The magmatic REE deposits of the Gallinas Mountains, which includes the Company's newly
acquired breccia pipes, are considered to be amongst the highest ranked deposits for
economic potential for REEs in
New Mexico
(US Bureau of Mines, V.T. McLemore et al, 2025).
Prior operators have conducted limited exploration of the breccia pipes at Gallinas. The Company
looks forward to further evaluation of this highly prospective property.
Lease with Option to Purchase Terms (in USD):
Antelope Creek has signed a 40-year lease with option to purchase (the "Agreement") for 6 federal
mining claims (the "Leased Claims") with a private vendor (the "Vendor") by making cash payments
in accordance with the following schedule:
Cash Payment
Payment Date
Status
$10,000
Within 10 days of signing
-
$5,000
1
st
anniversary from signing and annually thereafter
-
The Company has the right to purchase the Leased Claims for
$300,000
subject to a royalty in favor
of the Vendor. The Vendor will retain a 1.25% NSR on the Leased Claims and 0.5% NSR on claims
within the Agreement's area of interest, which doesn't include the Company's staked claims. One-
half of the NSR is buyable for
$500,000
any time before production.
Antelope Creek staked 43 federal unpatented claims in
March 2025
and it was considered a non-
core asset.
A work commitment consisting of a magnetic survey is required before the 2
nd
anniversary. No
finder's fees or share compensation in connection with the Agreement.
Figure 1 – Company’s Gallinas 2025 Breccia Sampling Program (CNW Group/Black Mammoth
Metals Corp)
About Black Mammoth Metals Corporation:
Since
January 2024
, Black Mammoth Metals has acquired a 100% interest in:
Amador Silver
property,
Lander County, NV.
Big Bear Copper property,
Gila County, AZ.
Zulu Gold property,
Gila County, AZ.
Northern Star property,
La Paz County, AZ.
Coal Canyon Gold property,
Pershing County, NV.
Island Mountain Gold District
(including Coleman Canyon, St. Elmo and Diamond Jim (Ag, Pb,
Zn, Sb)),
Elko County, NV.
Clover High-Grade Gold property,
Elko County, NV.
Leadore Silver-Lead-Rare Earth Elements property
,
Lemhi County, ID.
East Reveille Gold property
,
Nye County, NV.
America Mine Gold
property
,
San Bernardino, CA.
Quito Gold property
,
Lander County, NV
.
South Ravenswood Gold District
(including the Raven, and Happy Cat properties)
Lander
County, NV.
(Happy Cat was purchased prior to
January 2024
).
Callaghan Gold District
(including North Callaghan, Charlie, Cottonwood and Rast properties),
Lander County, NV.
Black Mammoth also has a 100% interest in the
Blanco Creek Gold property
in the Elk Creek
Mining District, central
Idaho
, which hosts three historic underground mines along 3,550 meters
(11,644 feet) of strike on the north-east trending regional
Blanco Shear Zone
.
Mark J. Abrams
, CPG #11451, a Qualified Person as defined under National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
("
NI 43-101
") and director of Black Mammoth, has
reviewed and approved the technical content in this release.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson
, BBA
President & CEO
Website:
www.blackmammothmetals.com
This press release contains forward-looking statements and forward-looking information
(collectively, "forward looking statements") within the meaning of applicable securities laws. All
statements, other than statements of historical fact, included herein, including statements regarding
the Company's completion of the Transaction and related transactions are forward-looking
statements. Forward-looking statements are typically identified by words such as believe, expect,
anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature,
refer to future events. Although the Company believes that such statements are reasonable, there
can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements. The Company cautions
investors that any forward-looking statements by the Company are not guarantees of future
performance, and that actual results may differ materially from those in forward-looking
statements. Important factors that could cause actual events and results to differ materially from
the Company's expectations include that the requisite corporate and TSXV for the Transaction may
not be obtained; that the Company or IDA Mining, as applicable, may be unable to satisfy any or
all closing conditions necessary for the completion of the Transaction; and other risks that are
customary to transactions of this nature. Trading in the securities of the Company should be
considered highly speculative. All the Company's public disclosure filings may be accessed via
www.sedarplus.ca
and readers are urged to review these materials, including the latest technical
reports filed with respect to the Company's mineral properties.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Black Mammoth Metals Corp
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For further information:
Black Mammoth Metals Corporation, Phone: 604 347 9101, Email:
CO: Black Mammoth Metals Corp
CNW 09:15e 26-AUG-25