Black Mammoth Metals Arranges $540,000 Private Placement
No.24-5 BMM: TSX-V NEWS RELEASE
Black Mammoth Metals Arranges $540,000 Private Placement
Vancouver, B.C., February 12, 2024. Black Mammoth Metals Corporation (TSX-V: BMM / OTC:
LQRCF) (“Black Mammoth” or the “Company”) is pleased to announce that it intends to raise gross
proceeds of up to $540,000 by way of a private placement (the “Offering”) of up to 4,500,000 common shares
of the Company at a price of $0. 12 per Unit (the “Units”) , initiated by price reservation. Each Unit consists of
one common share of the Company and one common share purchase warrant (a “Warrant”), with each Warrant
exercisable into one common share of the Company for a period of 3 years from the issue date at an exercise
price of $0. 20. The Units will be subject to a four‐month hold period from the date of closing. A finder's fee
may be payable in accordance with the policies of the TSX Venture Exchange (“TSX‐V”). The Company
intends on using the proceeds of the Of fering fo r its Happy Cat property in Ne vada & its America Mine
property in California and for general working capital. The Offering is subject to the approval of the TSX‐V.
About Black Mammoth Metals Corporation:
Aside from the recent acquisition of IDA Mining for the America Mine property, the Company has completed a
ground gravity survey that is now modeled and interpreted in conjunction with the recent UAV magnetic survey
at i ts 100% owned, 1213 hectare (2997 a cre) Happy Cat gold property, in southern Ravenswood Mining
District, Lander County, Nevada.
An approximate 4 square kilometre area is identified a s a hydrothermally altered area. Structural modelling
suggests the density of the alter ation and its’ density contrast relative to the host roc k is typ ical to th at of
alteration zones pr esent at other Carlin -type deposits in northern Nevada. The alteration encompass es an area
where northerly trending high angle faults intersect indicated NW tren ding 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, subject to underlying royalties , in the Blanco Creek gold property
in the Elk Creek Mining District, central Idaho which hosts three historic underground mines along 3550 meters
(11,644 feet) of strike on the north-east trending regional Blanco Shear Zone. Exploration by two previous
operators identified a g eological target for the Blanco Creek property in the ord er of 1.7 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 ca utions i nvestors t o note th e potential quan tity and grade of the geological ta rget are
conceptual in nature. A qu alified person has not completed sufficient work to classify t he geological target as
mineral resources as d efined by NI 43 -101, and it is un certain 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 re lease. 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.
On behalf of the board,
“Dustin Henderson”
Dustin Henderson, BBA
President & CEO
Black Mammoth Metals Corporation
Phone: 604 347 9101
Email: [email protected]
Website: www.blackmammothmetals.com
This press rel ease contains fo rward-looking statements and forwa rd-looking information (collectively ,
“forward looking statements”) within the meaning of applicab le securities laws. All state ments, other than
statements of historical fact, included here in, 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, est imate, 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 futur e performance, and that actual
results may differ materi ally fro m tho se in forward-looking statemen ts. Important factors that could c ause
actual events and results to di ffer mater ially from the Company’s expectations include that t he requisite
corporate and TSXV for the Transaction may not be obtained; that the Company o r IDA Mining, as applicable,
may be unable to sat isfy 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 hi ghly speculative. All of the Company’s public disclosure fi lings may be accessed
via www.sedarplus.ca and readers are urged to review these materials, includ ing the lates t technical repo rts
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.