Black Mammoth Metals Identifies Drill Targets and Stakes Claims at Coleman Canyon, NV BMM: TSX-V
Black Mammoth Metals Identifies Drill Targets
and Stakes Claims at Coleman Canyon, NV
BMM: TSX-V
VANCOUVER, BC
,
Oct. 1, 2025
/CNW/ -
Black Mammoth Metals Corporation
(TSXV: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce the results from a
UAV magnetic survey (the "Mag. Survey") at Coleman Canyon property located in
Elko County, NV
along with the related staking of 103 federal unpatented lode claims for a Property total of 192
contiguous unpatented lode claims managed by the US Forest Service. Together with the patented
claims, Coleman Canyon now covers a total of approximately 1554 hectares (3842 acres). The
Company has a 100% ownership in the unpatented claims subject to a 1% NSR.
The Mag. Survey area covers the entire Property including the newly staked ground at
50m
flight line
spacing and at
50m
above ground level. The Mag. Survey's objective was to identify any extensions
of the known gold and silver mineralized areas that have not yet been drilled or not drilled deep
enough to test those possible extensions.
UAV Magnetic Survey Results:
The following interpreted structural features of the Mag. Survey are believed to be pathways
for mineralizing fluids based on past drilling and modelling:
Large structural features are indicated along the northern side of the intrusive and are
interpreted to be NE trending faults that cut across much of the intrusive and adjacent
sedimentary units.
There is a large magnetic high anomaly to the west of the intrusive interpreted to be an off-
shoot of the intrusive and appears to be structurally controlled by a north-trending fault or
fracture zone.
The Mag. Survey shows strong magnetic high anomalies along the southern side of the intrusive that
coincide with known gold mineralization from past drilling.
The extension of a magnetic high
response to the south, north and west suggests influence by the intrusion and its related
fluids farther out from the known proximal mineralization.
These areas have not been drilled in
most locations deep enough to test if the dipping rock units are mineralized. The magnetic high
anomalies towards the far west and NW sides of the Mag Survey have not been drilled.
At Coleman Canyon, the majority of the known gold and silver mineralization is hosted by
sedimentary and meta-sedimentary rocks surrounding a central intrusive stock. Mineralization in the
sedimentary units is restricted to calcareous beds of the Hammond Canyon Formation and parts of
the overlying Poorman Creek Formation, in keeping with a "proximal
Carlin
" deposit model. These
units have been pushed up during emplacement of the intrusive so that the units dip away from the
intrusive on all sides, flattening with distance from the intrusive. Mineralization appears to be
controlled by bedding and partly by structural features, including faults and fracturing interpreted to
have provided pathways for mineralizing fluids. There is also vein mineralization in the intrusive stock.
The Mag. Survey has helped clarify the possibility of extensions to areas of known gold and silver
mineralization that will require drilling to verify any mineralization. The Company may conduct other
work-up activities prior to drilling which may include further geological, geochemical, and geophysical
work.
Clarification to the Company's news release dated
August 26, 2025
:
There was no finder's fee paid in connection with the lease with option to purchase but there was a
$12,000
finder's fee paid to a private vendor in connection with the new claims staked.
About Black Mammoth Metals Corporation:
Since
January 2024
, Black Mammoth Metals has acquired a 100% interest in:
Gallinas Rare Earth property,
Lincoln County, NM.
Amador Silver
property,
Lander County, NV.
Big Bear Copper property,
Gila County, AZ.
Zulu Gold property,
Gila County, AZ.
Northern Star property,
La Paz County, AZ.
Coal Canyon Gold property,
Pershing County, NV.
Island Mountain Gold District
(including Coleman Canyon, St. Elmo and Diamond Jim (Ag, Pb,
Zn, Sb)),
Elko County, NV.
Clover High-Grade Gold property,
Elko County, NV.
Leadore Silver-Lead-Rare Earth Elements 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 Gold District
(including the Raven, and Happy Cat properties)
Lander
County, NV.
(Happy Cat was purchased prior to
January 2024
).
Callaghan Gold District
(including North Callaghan, Charlie, Cottonwood and Rast properties),
Lander County, NV.
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
.
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.
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 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 09:00e 01-OCT-25