Black Mammoth Metals Announces Mercury Vapor Survey Results No.24-13 BMM: TSX-V
Black Mammoth Metals Announces Mercury
Vapor Survey Results
No.24-13
BMM: TSX-V
VANCOUVER, BC
,
Aug. 7, 2024
/CNW/ -
Black Mammoth Metals Corporation
(TSXV: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that Quicksilver
Systems of
Bend, Oregon
has completed and interpreted a mercury vapor survey (the "Hg Survey")
on behalf of the Company at its Happy Cat gold property (the "Property") in
Nevada
. Mercury
detectors were placed at 335 stations along 6 east – west lines,
30m
apart, with lines ranging
122m
to
293m
between lines. The Hg Survey was located over the Property's approximate 4 square
kilometer area that is identified as being hydrothermally altered (the "Alteration") 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.
Mercury values ranged from 0 to 108 nanograms with a mean of 11 nanograms. Oxidation of
mercury bearing mineralization is assumed to have produced these anomalous mercury vapor values
through a cover of alluvium and volcanic units. To estimate the sampling variability, 29 replicate pairs
were included. The variance was comparable to other Hg Surveys at 37%.
The high mercury values occur over structures. These are thought to be leakage anomalies, where
locally higher permeability and the resultant oxidation of mercury containing minerals releases
mercury to the surface.
The perimeter of the moderate to high mercury values of the Hg
survey coincides with the Alteration and the highest mercury values trend north-easterly
through the center of the Alteration.
The Company has now combined the Hg Survey data with the Property data, which includes fault
locations and their intersections within the Alteration, to prioritize drill targets. Drill permitting at
Happy Cat is thought to be favorable and includes the submittal of a Bureau of Land Management -
Notice of Intent.
Happy Cat Mercury Vapor Survey Results (CNW Group/Black Mammoth Metals Corp)
The Company also continues to acquire non-core exploration interests in the western US, by
purchase and by staking.
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 nor verified the historical information.
About Black Mammoth Metals Corporation:
In 2024, Black Mammoth Metals has acquired a 100% interest in the
America Mine gold property
,
San Bernardino, CA
, the
Quito
gold property
,
Lander County, NV
and the
Callaghan gold
property
also in
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 kilometer 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 intends to prioritize drill
targets within the alteration area.
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.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson
, BBA
President & CEO
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:
[email protected]; Website:
www.blackmammothmetals.com
CO: Black Mammoth Metals Corp
CNW 14:22e 07-AUG-24