Black Mammoth Metals Begins UAV-MAG Airborne Geophysics at Happy Cat Gold Property
Black Mammoth Metals Begins UAV-MAG
Airborne Geophysics at Happy Cat Gold
Property
VANCOUVER, BC
,
Jan. 28, 2021
/CNW/ -
Black Mammoth Metals Corporation
(TSX-V: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that it has
contracted MWH Geo-Surveys International Inc. of
Reno, Nevada
("MWH") to conduct a
Magnetometer Survey with the use of an Unmanned Aerial Vehicle ("UAV-MAG") at the Company's
100% owned Happy Cat gold property in
Nevada
("the Property"). MWH, a leader in the UAV space,
will also complete Orthophoto/Digital Surface Modelling.
The main objective of the surveys is to further define drill targets by identifying zones of favorable
lithology, and alteration features permissive to hosting gold mineralization that may extend under
shallow cover from known areas of near surface mineralization, and to identify any potentially
mineralized faults. These surveys will also work towards the Company's objective of identifying the
source of the near surface widespread gold mineralization that occurs in an unconformity exposed at
the surface. This mineralized area lies at the basal contact of Tertiary volcanic rocks with
sedimentary rocks within a 600-metre diameter circular area, described in the Company's
news release dated
November 25, 2020
. Although the Happy Cat property has been drilled and
trenched by prior operators, no known geophysical work has yet to be conducted aside from the
larger regional geophysical surveys. The UAV-MAG is expected to commence early next week
covering the entire Property area.
The UAV-MAG produces magnetic data of high accuracy and resolution due to the high data capture
rate, slower flight speeds and lower altitude. The Orthophoto can produce a digital surface model of
the Property with accuracy of approximately 5 cm, horizontal and vertical. The data will be
processed by Integrated Geophysics Corporation of
Houston, Texas
, an independent geophysical
firm with extensive experience handling UAV-MAG data.
MWH Geo-Surveys International Inc.
has been conducting gravity and magnetic surveys and their
related topographical surveys since 1980 for projects around the world. While the UAV-MAG is
relatively new, MWH has been a leader in developing a field proven system integrating the UAV
equipment, the magnetic system and flight controlling software with more than 30,000 flown
kilometers. With UAV-MAG, high resolution magnetic data can now be acquired rapidly,
economically, and safely in any terrain.
The TSX Venture Exchange has accepted for filing with the effective date of
January 26, 2021
, the
Happy Cat property transaction described in the Company's news release dated
November 25,
2020
where Antelope Creek Gold Corporation ("Antelope Creek Gold"), a wholly owned subsidiary
of Black Mammoth Metals Corporation, has entered into an Assignment and Assumption Agreement
dated
November 20, 2020
with IDA Gold Corporation ("IDA") pursuant to which IDA has assigned,
and Antelope Creek Gold has assumed, 100% of the rights, title and obligations of the Assignee for
the acquisition of the Happy Cat Gold Property located in central
Nevada
.
Mark J. Abrams
, CPG #11451, Non-Independent Qualified Person as defined by NI 43-101 and
Director of Black Mammoth has approved the technical information contained in this news release.
About Black Mammoth Metals Corporation:
Black Mammoth has 11,081,871 shares issued and outstanding, 11,556,871 fully diluted.
Along with the Company's 100% owned Happy Cat Gold Property, subject to underlying royalties,
Black Mammoth has a 100% interest, subject to underlying royalties, in the Blanco Creek gold
property in 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 geological target for the Blanco Creek property in the order 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
th
, 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 and Corporate Secretary
Website:
www.blackmammothmetals.com
"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."
This press release contains forward-looking statements and forward-looking information
(collectively, "forward looking statements") within the meaning of applicable Canadian and
United
States
securities laws. All statements, other than statements of historical fact, included herein,
including statements regarding the anticipated content, commencement, duration and cost of
exploration programs, anticipated exploration program results, the discovery and delineation of
mineral deposits/resources/reserves, the timing of the receipt of assay results, the visual continuity
of certain mineralized intervals and business and financing plans and trends, the potentially open
nature of the mineralized zones on the property and the potential for future discoveries of
additional mineralization on the property 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
those related to weather, equipment and staff availability; performance of third parties; timing of
receipt of assay results from third party analytical facilities; risks related to the exploration stage of
the Company's projects; market fluctuations in prices for securities of exploration stage companies
and in commodity prices; and uncertainties about the availability of additional financing; risks
related to the Company's ability to identify one or more economic deposits on the properties, and
variations in the nature, quality and quantity of any mineral deposits that may be located on the
properties; risks related to the Company's ability to obtain any necessary permits, consents or
authorizations required for its activities on the properties; and risks related to the Company's ability
to produce minerals from the properties successfully or profitably. 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.sedar.com
and readers are urged to review these materials, including
the latest technical reports filed with respect to the Company's mineral properties.
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 08:45e 28-JAN-21