Black Mammoth Metals to Drill Stratigraphic Holes at Happy Cat Property No.25-01 BMM: TSX-V
Black Mammoth Metals to Drill Stratigraphic
Holes at Happy Cat Property
No.25-01
BMM: TSX-V
VANCOUVER, BC
,
January 3, 2025
/CNW/ -
Black Mammoth Metals Corporation
(TSXV: BMM)
(OTC: LQRCF)
("Black Mammoth" or the "Company")
is pleased to announce that it intends to
commence a drill program this month at its 100% owned Happy Cat property in
Lander County,
Nevada
(the "Property"). The Company has received confirmation from the Bureau of Land
Management that the required permit and bond are in place.
Reverse circulation drilling of approximately 1500 meters will allow the Company to further
understand the structure and stratigraphy at Happy Cat. The results are expected to refine drill
targets for a more significant follow-up drill program.
The drilling will take place within the approximate 4 square kilometer main area of interest where
hydrothermal fluids may have been present (the "Alteration") under the relatively thin layer of
volcanics that the Company has identified through its past work-up activities which include:
The 2022
UAV magnetic survey
results indicate 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. Areas along these faults and at their intersections, where hydrothermal fluids may
have been present, are prospective drill targets 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 2023
gravity survey
results indicate 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 2024
mercury vapor survey
results confirm that significantly elevated mercury values occur
over interpreted structures. These are thought to be leakage anomalies, where locally higher
permeability and the resultant oxidation of mercury containing minerals releases mercury to the
surface. The perimeter of the moderate to high mercury values of the Hg survey coincides with the
Alteration and the highest mercury values trend north-easterly through the center of the Alteration.
Mercury vapor surveys are used to identify drill targets with the mercury anomalies being an
excellent proxy for the location of gold and other mineral deposits.
About Black Mammoth Metals Corporation:
In 2024, Black Mammoth Metals acquired a 100% interest in:
Leadore Silver-Lead 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
District
,
Lander County NV
,
Callaghan Gold District
,
Lander County NV.
At the Company's 100% owned, 1,213 hectare (2,997 acre)
Happy Cat Gold property
,
Lander
County, NV
, an approximate 4 square kilometre area is identified as being hydrothermally altered.
Structural modelling suggests 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. The Company intends to prioritize drill
targets within the alteration area.
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
. Exploration by two
previous operators identified a geological target for the Blanco Creek property in the order of 1.70
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 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, 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. Historical information contained in this
news release cannot be relied upon as Mr. Abrams, the Company's Qualified Person, has not
prepared or verified the historical information.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson
, BBA
President & CEO
Black Mammoth Metals Corporation
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 of 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:
Dustin Henderson, BBA, President & CEO, Black Mammoth Metals
Corporation, Phone: 604 347 9101, Email:
CO: Black Mammoth Metals Corp
CNW 16:00e 03-JAN-25