Mammoth Intersects Multiple GOLD Intersections Totalling 61.5 Metres IN Step-Out Drill Hole at Its Tenoriba Precious Metal Property, Mexico
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FOR IMMEDIATE RELEASE: Ju ly 19, 201 8 No. 06/18
MAMMOTH INTERSECTS MULTIPLE GOLD
INTERSECTIONS TOTALLING 61.5 METRES IN STEP-OUT
DRILL HOLE AT ITS TENORIBA PRECIOUS METAL
PROPERTY, MEXICO
Toronto, Canada (July 19, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is
pleased to announce results from diamond drill hole s TEN 17-09 and TEN 17-10 on its Tenoriba
precious metal property in the Sierra Madre region of southwestern Chihuahua State, Mexico.
Results are for two step-out holes in the Masuparia area, in the central portion of the 6 km long trend of
gold mineralization on the property. These diamond drill holes test 100 metres to the north (TEN 17-09)
and 50 metres to the south and west (TEN 17-10), respectively of prior program drill hole TDH-07 which
assayed 2.01 grams per tonne (“g/t”) gold equivalent (“gold Eq”) over 47.0 metres (“m”) within the
possible intersection of two mineralized controls, one oriented north-northwest and the other northwest.
These intersections occur within a larger approxima te one-kilometre diameter area of ubiquitous gold
mineralization in surface chip and channel samples and multi-metre intersections of gold grading up to
10’s of grams per tonne (“g/t”) gold equivalent (“g old Eq”), including drill hole TDH-07 and a 41.0 m
intersection grading 0.92 g/t gold Eq in drill hole TDH-11 and a 23.5 m intersection grading 1.32 g/t
gold Eq in TEN 17-05.
Results are shown in the table below. Drill hole surface locations , a summary table of the assay
results from the ten drill holes along this trend in the Masuparia area and drill cross sections
illustrating the location and depth of the minerali zed intervals relative to geophysical and topograph ic
features are available on the Company's website under the 'Projects' section; 'Maps, Images and
Photographs' dated July 19, 2018.
Thomas Atkins, President and CEO of Mammoth comment ed on these results stating : “Although
we haven’t figured out all the controls to minerali zation in this central area, as evidenced by the we aker
assay results in hole TEN 17-09, drill hole TEN 17- 10 continued to add a total of 61.5 metres of
potentially economical gold in what is an approximate one-kilometre, northwest trend of mineralization in
this area.
“Hole TEN 17-10 intersected two three metre interse ctions grading 0.72 and 1.99 gram per tonne gold
equivalent plus two lengthy intersections of 22.5 a nd 24.0 metres grading 0.40 and 0.36 grams per
tonne gold equivalent, respectively.
“At this time it’s uncertain whether mineralization in ten holes drilled along this one-kilometre nort hwest
trend is geologically controlled or is being defined by the location of the drill holes intersecting gold along
the trend. Irrespective of geological or drill cont rol, ten drill holes over a one kilometer area is q uite
impressive and is made more impressive by some of t he intervals and grades intersected among these
ten holes, including: 47.0 metres grading 2.01 gram s per tonne gold equivalent in TDH-07 and 23.5
metres grading 1.32 grams per tonne gold equivalent in TEN 17-05.”
Weighted
Average
Gold
Weighted
Average
Silver
Weighted
Average
Gold
Equivalent*
Location Hole Number From To Total Grade Grade Grade
(m) (m) (m) (g/t) (g/t) (g/t)
Masuparia TEN 17 -09 66.5 69 .5
3.0 0.19 10.1 0. 42
TEN 17 -10 25 .5 30.0 4.5 0. 42 7.9
0. 52
33.0 37.5 4.5 0. 45 2.6 0. 48
58.5 81.0 22.5 0.35
4.3 0.40
144.5 147.5 3.0 1.31
50.3 1.99
159.5 162.5 3.0 0. 65 5.5 0. 72
170.0 194.0 24.0 0.31 3.7 0. 36
* Gold Equivalent where silver grade is converted to gold grade at 75 g/t Ag = 1 g/t Au and 15.3 lbs Cu = 1.0 g/t Au.
Lengths shown are core lengths versus perpendicular true length of mineralized intersections.
Drill Hole TEN 17-09
Drill hole TEN 17-09 is located 100 m north of hole TEN 17-05 which assayed 0.63 g/t gold Eq over 27.0
m and 1.32 g/t gold Eq over 23.5 m. It appears the north-northwest trending Metalito structure was
intercepted from 66.50 to 71.0 m, a 3.0 m portion of which averaged 0.42 g/t gold Eq. It is possible t his
structure pinches in this area or has been displaced due to faulting (refer to the Company's website for a
surface map illustrating the surface collar locatio n and a section illustrating the angle and depth of the
drill hole under the 'Projects' section; 'Maps, Ima ges and Photographs' dated the date of this press
release). Further exploration, possibly with the assistance of surface geophysics oriented perpendicular
to the strike of the Metalito structure may assist in better understanding the location and dimensions of
controls to mineralization in this area. Although t he structure is narrower in this drill hole and is absent
the mineralized pyrite stringers which carried gold in other intersections along this structure, the
structure remains open towards the north for at least an additional 400 metres, as evidenced by surface
mapping and sampling.
Drill Hole TEN 17-10
Drill hole TEN17-10 targeted the intersection betwe en the south-southeast extension of the Metalito
structure and the southeastern extension of the sam e northwest trending feature targeted in drill hole
TEN 17-09 (above), 50 metres south of drill hole TD H-07 and drill hole TEN17-04 (refer to the
Company's website for a surface map illustrating the surface collar location and a section illustrating the
angle and depth of the drill hole under the 'Projects' section; 'Maps, Images and Photographs' dated the
date of this press release). The hole intercepted two 3.0 m, 0.72 and 1.99 g/t gold Eq intersections plus
two lengthy 22.5 and 24.0 m intersections with an a verage grade of 0.40 and 0.36 g/t gold Eq,
respectively. Gold was associated both with and wit hout mineralized pyrite stringers occurring in some
cases over as much as 30 m of core.
The Company believes this junction area of the Meta lito and east-west structure has good potential to
build a gold resource with additional in-fill drill ing. In addition, hole TEN17-10 ended (from 207.80 to
243.85 m depth) in what appears to be a potassic al tered, magnetic feldspar porphyry intrusive.
Company geologists believe that the intersection of this unit opens the possibility of a gold-copper
porphyry target at depth.
Other Corporate News
The Company has settled debts totaling $92,000 owed to the President and CEO (this debt is not an
accrual), via the issuance of 1,8400,000 common sha res of the Company. The debt settlement is
subject to final TSX-V approval. The securities to be issued are subject to a hold period of four mont hs
from the date of issuance.
The Company also wishes to clarify its press releas e dated March 31, 2017. The press release
referenced the closing of a non-brokered private placement for gross proceeds of $226,000. In the press
release the Company announced it had paid a finder’s fee of $3,600 in cash and issued 45,000 common
shares . It in fact paid $3,600 in cash and issued 45,000 warrants exercisable at $0.12 until September
18, 2018.
Qualified Person / Quality Controls:
Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp. is Mammoth's
Qualified Person, according to National Instrument 43-101, for the Tenoriba property and is responsible
for and has reviewed any technical data mentioned in this news release. Please refer to the Company's
website under the "Projects" section for a description of the Company's complete QA/QC procedures .
About Mammoth Resources:
Mammoth Resources Corp. (TSX-V: MTH) is a mineral exploration company focused on acquir ing and
defining precious metal resources in Mexico and oth er attractive mining friendly jurisdictions in the
Americas. The Company has an option to acquire 100% of the Tenoriba Property located in the Sierra
Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Company continues to seek
other option agreements in the Americas on other pr operties it deems to host above average potential
for economic concentrations of precious metals mineralization.
To find out more about Mammoth Resources and to sign up to receive future press releases, please visit
the company's website at: www.mammothresources.ca ., or contact Thomas Atkins, President and
CEO at:416 509-4326
Neither the 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.
Forward Looking Information: This news release may contain or refer to forward-looking information. Although the
Company believes that the assumptions inherent in t he forward-looking statements are reasonable, forwa rd-
looking statements are not guarantees of future per formance and, accordingly, undue reliance should no t be
placed on these forward-looking statements due to the inherent uncertainty therein. Please refer to the Company’s
website at the following link: http://www.mammothresources.ca/s/FAQ.asp to review the Company’s complete
forward looking statement.