Mammoth Provides Update ON Activities at Its Tenoriba GOLD Property, Mexico
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www.mammothresources.ca
FOR IMMEDIATE RELEASE: October 19, 2020 No. 08/20
MAMMOTH PROVIDES UPDATE ON ACTIVITIES AT ITS
TENORIBA GOLD PROPERTY, MEXICO
Toronto, Canada (October 19, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or
“Mammoth”) is pleased to provide an update on its activities related to the transfer of operatorship and
100 percent ownership of the Tenoriba gold-silver project located in the Sierra Madre precious metal belt,
southwestern Chihuahua State, Mexico. Following the notice given Mammoth by Minera Centerra S.A. de
C.V., the Mexican subsidiary company of Centerra Gold Inc. (collectively “Centerra”), whereby Mammoth
announced on September 22, 2020 that Centerra was ceasing exploration activities in Mexico, including at
Tenoriba, Mammoth has been active transferring project information and surface access agreements to
Mammoth. Activities since the date of the Centerra notice include: (1) travel to Mexico to attend a technical
review of exploration activities and data produced by Centerra during its 21 months operating the option
agreement and the transfer of this data to Mammoth; and (2) reintroduce ourselves to community members
and assure voting members of influence within the ejido and executive/administrators that Mammoth was
now managing agreements and activities at Tenoriba following Centerra’s departure, that current
agreements would be honoured going forward and require transferring to Mammoth. Mammoth also
initiated discussions to extend these agreements for a two-year period thereby facilitating surface access
for a significant future drill program.
Thomas Atkins, President and CEO of Mammoth commented on Centerra ceasing exploration
activities in Mexico, stating: “Travelling back to the project area, myself and Richard Simpson, V.P.
Exploration at Mammoth received a warm welcome after being absent the region the past 20 months. It
was terrific seeing friends and acquaintances and discussing plans and the importance of our working
together going forward for our mutual benefits. I feel confident this message of cooperation was well
understood and embraced and we look forward to returning again shortly as we act on some of our plans to
advance Tenoriba to a significant drill program, most likely as soon as we’re able in early 2021. We’re in
frequent contact with the contractor responsible for the drill permit application and have been told that
permit approval is advancing well and we’re putting into place other activities to have Mammoth in the best
position possible to have a number of drill targets testing numerous areas over the five-kilometre strike
length of mineralization at Tenoriba. As we continue to advance these activities, we’ll make further
announcements to ensure shareholders are apprised of these steps towards commencement of drilling.”
Tenoriba Technical Review:
The owner of a diamond drilling company and a third-party geologist accompanied Mammoth V. P.
Exploration, Richard Simpson to Centerra’s Mexican office where a meeting was held to review Centerra’s
activities during its period working at Tenoriba. Thomas Atkins, President and CEO of Mammoth attended
this meeting via conference link. A number of observations, recommendations and conclusions were
presented and all Centerra data was transferred to Mammoth. Mammoth will over the next couple of weeks
integrate Centerra’s work-data with its own and from this integration and review Mammoth will make
recommendations on any additional work which may be deemed appropriate prior to targeting drill locations
and the commencement of drilling. The Company expects to announce the results of this review and its
recommendations for any future work and timing of any such activities in the next couple of weeks.
Please refer to the “ Projects” section, “ Maps, Images and Photos ” subsection of the Company website:
http://www.mammothresources.ca/s/ProjectImages.asp, for some slides of Mammoth’s trip into the project
area, including some course gold samples panned from a location just below the El Moreno area at
Tenoriba.
Community Consultations:
Following the technical meeting Simpson and the third-party geologist travelled to Chihuahua city where
they met Atkins and the Tenoriba project community relations manager. All four participants travelled to the
project area to meet with community members and assure these community members, ejido voting
members of influence and executive/administrators of the ejidos that Mammoth was now managing
agreements and activities at Tenoriba following Centerra’s departure, that current agreements would be
honoured going forward and require transferring to Mammoth. Mammoth also initiated discussions to
extend these agreements for a two-year period. Mammoth met with members of both ejidos (community
groups) and the district President. A warm welcome was received and discussions have led to meetings
and dates being set in the near future for voting on the transfer and extension of surface access
agreements, with the intention that extensions to surface access agreements will be in place before year
end.
Please refer to the “ Projects” section, “ Maps, Images and Photos ” subsection of the Company website:
http://www.mammothresources.ca/s/ProjectImages.asp, for some slides of Mammoth’s trip into the project
area, including pictures of various meetings held with community members.
Mammoth looks forward to providing additional information on its activities at Tenoriba as it prepares the
project for a significant drill program to commence as early as its able in 2021.
About Mammoth Resources:
Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on
acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions
in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable
anytime within two years from commencement of commercial production for US$1.5 million) in the
5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern
Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the
Americas on properties 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. All information
other than statements of historical fact that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its
shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a
variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or
results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance
and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent
uncertainty therein.