Black Mammoth Metals to Drill Rast and Cottonwood Targets at Callaghan Gold District in Nevada BMM: TSX-V
Black Mammoth Metals to Drill Rast and
Cottonwood Targets at Callaghan Gold District
in Nevada
BMM: TSX-V
VANCOUVER, BC
,
Feb. 11, 2025
/CNW/ -
Black Mammoth Metals Corporation
(TSXV: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that it is
commencing a drill program to test the Rast and Cottonwood targets at the Company's Callaghan
gold district,
Lander County, Nevada
("Callaghan" or the "Property"). The required permit and bond
are in place with the Bureau of Land Management and 1500 meters of core and reverse circulation
drilling is expected to test both targets.
Drill Target Areas:
Rast
The Rast area has been the focus of widely spaced, and mostly shallow, historic drilling over an
area largely covered by shallow alluvium. Holes intersected strong pathfinder elements and sporadic
gold intercepts; however, important geochemical, structural, and stratigraphic data from these holes
indicates that the potential of this area remains largely untested. Drilling in the Rast area has
demonstrated the presence of anomalous gold in decalcified Lower Plate carbonate host rocks.
Shallow trenches expose strongly silicified and clay-altered Orovician-age carbonate rocks (hosts at
the Company's nearby
Quito
property and elsewhere). A 300 meter long, open-ended, easterly
trending gold-arsenic-antimony soil anomaly is present to the east of the historic Rast mercury mine.
In addition, Lower Plate rocks with intense alteration consistent with
Carlin
-type gold systems are
present at surface approximately 800 meters to the northwest of the historic Rast mine. The current
drilling will test one of three target areas where there are anomalous soils at the intersection of
Lower Plate carbonate host rocks below the Roberts Mountains Thrust and NW normal faults.
Cottonwood
At the Cottonwood Canyon area, historic drilling has focused on near-surface, open-pit type gold
mineralization hosted in Upper Plate rocks. The Cottonwood gold mineralization may represent a
leakage anomaly above a more significant target area located in favourable Lower Plate rocks at
depth and is at the intersection of a NW mineralized fault, a NE fault with jasperoid, and the Roberts
Mountains Thrust.
Callaghan is located along the 120-kilometer
Austin
-
Tonopah
trend of gold occurrences, deposits
and mines that include
Quito
,
Round Mountain
, and Northumberland, and is considered prospective
for
Carlin
-type gold mineralization. The Company's
Quito
property is a past-producing mine on this
trend. The Callaghan Property is located within an erosional window (the Callaghan Window) that
exposes highly prospective Lower Plate Paleozoic sedimentary rocks, which on the Property have
been strongly altered by gold, arsenic, antimony and mercury-bearing hydrothermal fluids. The
Callaghan Property contains near-surface gold mineralization in several historic drill holes. The
Company has a 100% interest in Callaghan.
Black Mammoth commences drilling at Rast target – Callaghan gold district (CNW Group/Black
Mammoth Metals Corp)
Black Mammoth commences drilling at Rast target – Callaghan gold district
Update: Stratigraphic Drilling at Happy Cat Property
Reverse circulation stratigraphic drilling of approximately 2000 meters is complete at Happy Cat.
The results will be announced after the Company interprets all new data.
The Company also continues to acquire non-core exploration interests in the western US, by
purchase and by staking.
About Black Mammoth Metals Corporation:
In the past 12 months, Black Mammoth Metals has acquired a 100% interest in:
Clover High-Grade Gold property,
Elko County, NV
,
Coleman Canyon property,
Elko County, NV
,
Leadore Silver-Lead 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
District
,
Lander County NV
,
Callaghan Gold District
,
Lander County NV.
At the Company's 100% owned, 1,213 hectare (2,997 acre)
Happy Cat Gold property
,
Lander
County, NV
, an approximate 4 square kilometre area is identified as being hydrothermally altered.
Structural modelling suggests the density of the alteration and its' density contrast relative to the
host rock is typical to that of alteration zones present at other
Carlin
-type deposits in northern
Nevada
. The alteration encompasses an area where northerly trending high-angle faults intersect
indicated NW-trending re-activated faults that are known to be of age and orientation as ore-
controlling faults occurring at other
Carlin
-type deposits. The Company drilled approximately
1600m
in
January 2025
to further understand the structure and stratigraphy.
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
. Exploration by two
previous operators identified a geological target for the Blanco Creek property in the order of 1.70
to 2.48 million tons, grading 0.20 to 0.33 oz/ton Au (1.54 to 2.24 million tonnes, grading 6.85 to
11.31 g/tonne Au); see the Company's press release dated
February 14, 2017
.
Black Mammoth cautions investors to note the potential quantity and grade of the geological target
are conceptual in nature. A qualified person has not completed sufficient work to classify the
geological target as mineral resources as defined by NI 43-101, and it is uncertain if future
exploration will result in the target being delineated as mineral resources.
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. Historical information contained in this
news release cannot be relied upon as Mr. Abrams, the Company's Qualified Person, has not
prepared or verified the historical information.
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 of 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 14:25e 11-FEB-25