Mammoth Resources Announces Additional Results from Surface Trenching Program at Its Tenoriba Precious Metal Property, Mexico
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www.mammothresources.ca
FOR IMMEDIATE RELEASE: August 8, 2017 No. 09/17
MAMMOTH RESOURCES ANNOUNCES ADDITIONAL
RESULTS FROM SURFACE TRENCHING PROGRAM AT ITS
TENORIBA PRECIOUS METAL PROPERTY, MEXICO
Toronto, Canada (August 8, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is
pleased to announce additional results from its surface channel program at its Tenoriba precious metal
property in Chihuahua State, Mexico. The Company announced earlier this year its plans to embark on
a program of infill PIMA sampling, drill road construction and channel sampling to better define drill
targets which followed prior surface sampling and an IP and Magnetometer geophysics survey over a
prospective 15 square kilometre area at Tenoriba. Mammoth has sampled gold ubiquitously over the
property reporting results as high as 75 grams per tonne (g/t) and drill intersections, the highest grade of
which was 45.6 g/t gold over 1.9 metres. The Company completed 14 channels totaling almost 200
metres in length where 139 samples were analyzed for gold, silver and multi-elements in the Cerro
Colorado, El Moreno, Masuparia and Los Carneritos areas on the property (refer to Figure 1 - Channel
Sample Location Map). The most recent results from El Moreno (refer to Figure 2 - El Moreno Channel
Location Map) and the Masuparia area, are shown in bold text together with previously reported results
from this program:
Location
Sample Numbers
Channel
Width
(m)
True
Width
(m)
Weighted
Average
Gold Grade
(g/t)
Weighted
Average
Silver Grade
(g/t)
Weighted
Average
Gold
Equivalent*
Grade
(g/t)
El Moreno 1 330732 to 330740 13.60 11.50 0.64 2.5 0.67
Carneritos 1 330743 to 330750 &
330754 to 330756
15.75 15.50 0.99 6.1 1.07
Carneritos 2 330757 to 330761 7.40 7.00 1.28 8.2 1.36
Carneritos 3 330762 to 330770 13.50 13.50 1.50 3.4 1.55
El Moreno 2 330789 to 330800 16.5 16.0 0.38 4.3 0.44
El Moreno 3 330656 to 330659 6.0 5.0 0.28 0.6 0.29
El Moreno 4 330685 to 330673 12.0 11.0 0.23 9.7 0.36
Masuparia 1 330677 to 330685 13.1 13.1 0.66 0.9 0.67
Any gold samples assaying greater than 10 g/t gold were reduced (“cut”) to 10 gpt gold in any averaging.
* Gold Equivalent wherein silver grade is converted to gold grade at 75 g/t silver = 1 g/t gold.
Thomas Atkins, President and CEO of Mammoth commented on the channel sample results
stating: “The two areas at El Moreno where the channels were cut are from 500 to 700 metres from one
another and were chosen because of the rocks observed at these areas and the continuity of outcrop
enabling cutting of lengthy channels. Average grade of the four channels was 0.47 grams per tonne gold
equivalent over lengths of from 16 to 52 feet in individual channels for an average width of 41 feet in four
channels while individual channel sample grades were as high as 3 grams per tonne. These are terrific
channel dimensions separated by more than half a kilometer and at an average grade of 0.47 grams per
tonne are equivalent and in some cases above those currently being economically mined in open pit
heap leach mining operations in Mexico. These channel results continue to illustrate the continuous
nature of gold-silver mineralization at various locations at Tenoriba along an approximate 6 kilometre
trend, within the large, approximately 15 square kilometer mineralized area at Tenoriba. We look
forward to reporting additional results in the near future from the remaining 7 channels cut at Tenoriba.”
Results from this channel sampling program correspond well with geophysical features extending at
depth below these channel samples and this correlation will be used to assist in locating attractive drill
targets with the objective of extending surface results at depth and potentially begin to build a mineral
resource at Tenoriba.
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 th is news release. Samples referenced in this
press release were prepared and analyzed by ALS CHEMEX in their facilities in Mexico and Canada,
respectively. Samples generally consisted of over a minimum of 2 kilograms of material. Gold and silver
analyses were performed by 30 gram fire assay with an Atomic Absorption finish . Silver, copper, lead
and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit
samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits. Blank
and duplicate samples were inserted randomly at approximately every 20 samples.
About Mammoth Resources:
Mammoth Resources Corp. (TSX-V: MTH) is a mineral exploration company focused on acquiring and
defining precious metal resources in Mexico and other 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 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.
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 c ontain or refer to forward-looking information. All
information other than statements of hi storical 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 miner al 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 fr om 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, futu re events or results or otherwise. Although the Company
believes that the assumptions inherent in the forwar d-looking statements are reasonable, forward-looking
statements are not guarantees of fu ture performance and, accordingly, undue reliance should not be placed on
these forward-looking statements due to the inherent uncertainty therein.
Table 1 - Channel Sample Results
Sample No.
Location
Sample
Length
(m)
Gold
Grade
(g/t)
Silver
Grade
(g/t)
Gold
Equivalent
Grade
(g/t)
Weighted Gold
Equivalent
Grade
(g/t)
330789 El Moreno 2 1.50 0.59 2.70 0.64 0.94
330790 " 1.50 0.29 0.60 0.30 0.44
330791 " 1.50 0.51 3.10 0.57 0.82
330792 " 1.50 0.49 6.10 0.61 0.86
330793 " 1.50 0.27 4.30 0.36 0.49
330794 " 1.50 0.46 6.70 0.60 0.83
330795 " 1.50 0.37 6.10 0.49 0.67
330796 " 1.50 0.36 5.60 0.47 0.66
330797 " 1.50 0.25 2.70 0.30 0.43
330798 " 1.50 0.32 5.30 0.42 0.58
330800 " 1.50 0.29 4.50 0.38 0.53
Total 16.50 0.44
True Width 16.00
330756 El Moreno 3 1.50 0.36 5.60 0.47 0.66
330757 " 1.50 0.25 2.70 0.30 0.43
330758 " 1.50 0.32 5.30 0.42 0.58
330859 " 1.50 0.29 4.50 0.38 0.53
6.00 0.29
True Width 5.00
330665 El Moreno 4 1.50 0.84 49.90 1.84 2.26
330666 " 1.50 0.39 7.90 0.54 0.74
330667 " 1.50 0.07 2.30 0.12 0.15
330668 " 1.50 0.07 1.70 0.11 0.15
330669 " 1.50 0.07 1.20 0.09 0.13
330671 " 1.50 0.09 0.80 0.11 0.15
330672 " 1.50 0.15 3.60 0.22 0.29
330673 " 1.50 0.18 10.00 0.38 0.47
Total 12.00 0.36
True Width 11.00
330677 " 1.50 0.51 3.10 0.57 0.82
330678 " 1.50 0.49 6.10 0.61 0.86
330679 " 1.50 0.27 4.30 0.36 0.49
330680 " 1.50 0.46 6.70 0.60 0.83
330681 " 1.50 0.37 6.10 0.49 0.67
330682 " 1.50 0.36 5.60 0.47 0.66
330683 " 1.50 0.25 2.70 0.30 0.43
330684 " 1.50 0.32 5.30 0.42 0.58
330685 " 1.50 0.29 4.50 0.38 0.53
Total 16.50 0.67
True Width 13.10
Figure 1 - Channel Sample Location Map
Figure 2 - El Moreno Channel Location Map