Black Mammoth Metals' Magnetic Survey Results at Happy Cat Gold Property Faults spanning the Property indicated with typical orientation and age to host Carlin - type deposits. Numerous magnetic anomalies indicative of shallow intrusive structures.
Black Mammoth Metals' Magnetic Survey
Results at Happy Cat Gold Property
Faults spanning the Property indicated with typical orientation and age to host
Carlin
-
type deposits.
Numerous magnetic anomalies indicative of shallow intrusive structures.
Significant magnetic anomalies indicated at fault intersections.
VANCOUVER, BC
,
Feb. 10, 2022
/CNW/ -
Black Mammoth Metals Corporation
(TSXV: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that the
Company's completed UAV magnetic survey (the "Mag Survey"), covering the Company's 1113
hectares (2750 acres) 100% owned Happy Cat gold property (the "Property"), has indicated
significant NW trending faults (the "NW Faults") substantially spanning the Property and intersecting
the known northerly trending high angle faults (the "N Faults").
Numerous magnetic anomalies
indicative of shallow intrusive structures are present along the N Faults and the NW Faults with the
most significant magnetic anomalies located near fault intersections (the "Intersections"). At many of
the Intersections there is a significant magnetic low located along the fault with corresponding
magnetic highs located on each side of the fault suggesting that magnetite associated with an
intrusive structure may have been destroyed by hydrothermal fluids.
The N Faults, NW Faults and their Intersections warrant follow-up exploration with the intent to refine
drill targets, testing:
The contact between the intrusive structures and the Paleozoic sedimentary strata, which
includes the lower plate Roberts Mountain and upper plate
Valmy
formations.
Areas along faults where hydrothermal fluids may have been present as these fluids are
typically associated with gold mineralization in
Carlin
-type deposits. Faulting on the Property is
of the correct orientation and age to have help formed
Carlin
-type deposits.
The Mag Survey was conducted by MWH Geo-Surveys of
Reno, Nevada
and covered a total area
of over 24 square kms in the southern Ravenswood Mining District at
50m
line spacing bearing either
east or west at an elevation of approximately
31m
above ground level. Geophysics–Minerals of
Houston, Texas
was contracted to process and interpret the data.
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 11,376,871 shares issued and outstanding, 11,376,871 shares 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
Website:
www.blackmammothmetals.com
(new website coming soon)
"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 10-FEB-22