Black Mammoth Metals' Gravity Survey Identifies Potential Alteration Zone at Happy Cat Gold Property
Black Mammoth Metals' Gravity Survey
Identifies Potential Alteration Zone at Happy
Cat Gold Property
VANCOUVER, BC
,
March 31, 2023
/CNW/ -
Black Mammoth Metals Corporation
(TSXV: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that the
Company's 2022 ground gravity survey is modeled and interpreted in conjunction with the recent
UAV magnetic survey at the Company's 100% owned Happy Cat gold property in South
Ravenswood Mining District,
Nevada
.
An approximate 4 square kilometre area is identified as a potential alteration zone where
hydrothermal fluids may be present (the "Alteration")
. The structural modelling suggests that 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. Numerous intrusives intersect these faults and the structural models have
identified two distinct types of magnetizations suggesting that approximately half of the intrusives
occurred in the Cretaceous period with the other half being of the Tertiary period, all within the
Happy Cat claims area.
The gravity and magnetic surveys cover the 12 square kilometre Happy Cat claims area.
Geophysics-Minerals of
Houston, TX
completed the interpretation including 2D structural models, a
suite of maps and a summary report.
The interpretation has identified new drill targets and the Company intends to prioritize the drill
targets within the Alteration.
About Black Mammoth Metals Corporation:
Black Mammoth has 14,876,871 shares issued and outstanding, 19,771,871 shares fully diluted.
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 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.
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.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson
, BBA
President & CEO
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 06:15e 31-MAR-23