Mammoth Resources Continues to Intersect Encouraging Grades from Surface Trenching Program at Its Tenoriba Precious Metal Property, Mexico
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FOR IMMEDIATE RELEASE: August 22, 2017 No. 10/17
MAMMOTH RESOURCES CONTINUES TO INTERSECT
ENCOURAGING GRADES FROM SURFACE TRENCHING
PROGRAM AT ITS TENORIBA PRECIOUS METAL
PROPERTY, MEXICO
Toronto, Canada (August 22, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”)
is pleased to announce results from another 4 surface channels at its Tenoriba precious metal property
in Chihuahua State, Mexico. The most recent results are from the Masuparia and Los Carneritos area
(refer to Figure 1 – Tenoriba Channel Location Map) are shown in bold text together with previously
reported results from this program. A more detailed image identifies sampling at the Masuparia area
(refer to Figure 2 - Masuparia Channel Location Map) and at Los Carneritos (refer to Figure 3 - Los
Carneritos Channel Location Map).
Thomas Atkins, President and CEO of Mammoth commented on the channel sample results
stating: “With 12 of 14 channel sample results reported to date, and including a couple of weak results
at Carneritos 5 and Masuparia 3, the El Moreno area to the west of the 5 kilometre trend of
mineralization averaged a combined 0.47 grams per tonne over 50 metres in four channel locations, the
Masuparia area in the middle of the trend averaged a combined 0.45 grams per tonne over 31.5 metres
in three channel locations, and the Carneritos area to the east of the trend, approximately 4 to 5
kilometres east of El Moreno channels, averaged a combined 0.92 grams per tonne over 58.5 metres in
five of six trench locations. These are excellent results with lengthy channels separated from one
another by hundreds of metres over this 5 kilometre trend of gold-silver mineralization at grades
equivalent and in some cases above those currently being economically mined in open pit heap leach
mining operations in Mexico. There are two channels remaining to be reported, however we’re very
pleased to report potentially economic grades from the 10 of 12 trenches so far reported and we feel
these results bode well for success in future drilling as we test the depth extent of these zones.”
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 ov er 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).
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.
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 13.6 11.5 0.64 2.5 0.67
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
Carneritos 1 330743 to 330750 &
330754 to 330756
15.7 15.5 0.99 6.1 1.07
Carneritos 2 330757 to 330761 7.4 7.0 1.28 8.2 1.36
Carneritos 3 330762 to 330770 13.5 13.5 1.50 3.4 1.55
Carneritos 4 330695 to 330700 &
330801
10.0 10.0 0.42 7.2 0.51
Carneritos 5 330802 to 330811 11.9 11.9 0.05 0.01 0.08
Masuparia 1 330677 to 330685 13.1 13.1 0.66 0.9 0.67
Masuparia 2 330689 to 330694 6.4 6.4 0.47 10.0 0.61
Masuparia 3 330819 to 330826 12.0 9.7 0.11 1.0 0.12
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.
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)
330689 Masuparia 2 1.50 0.24 0.90 0.26 0.38
330690 " 1.50 0.23 2.30 0.28 0.40
330691 " 1.50 0.52 29.00 1.10 1.36
330692 " 0.35 3.68 39.50 3.86 1.47
330694 " 1.50 0.15 0.50 0.16 0.23
Total 6.35 0.61
True Width 6.35
330819 Masuparia 3 1.50 0.05 0.30 0.08 0.08
330820 " 1.50 0.27 1.50 0.43 0.43
330821 " 1.50 0.16 1.20 0.26 0.26
330822 1.50 0.05 0.30 0.08 0.08
330823 1.50 0.04 0.30 0.07 0.07
330824 1.50 0.12 3.90 0.25 0.25
330825 1.50 0.11 0.60 0.17 0.17
330826 " 1.50 0.10 0.60 0.16 0.16
12.00 0.12
True Width 9.70
330695 Carneritos 4 1.50 0.39 4.65 0.46 0.65
330696 " 1.50 0.47 16.35 0.69 0.93
330697 " 1.20 0.43 15.12 0.63 0.72
330698 " 1.00 0.43 6.20 0.51 0.51
330699 " 1.60 0.56 4.48 0.62 0.96
330700 " 1.85 0.33 11.47 0.48 0.77
330801 " 1.30 0.30 13.52 0.48 0.57
Total 9.95 0.51
True Width 9.95
330802 Carneritos 5 1.50 0.13 0.40 0.14 0.21
330803 " 1.50 0.06 0.20 0.07 0.10
330804 " 1.50 0.04 0.40 0.05 0.07
330805 " 1.50 0.05 0.40 0.06 0.08
330806 " 1.00 0.08 0.70 0.09 0.09
330807 " 1.50 0.05 1.00 0.07 0.10
330808 " 1.60 0.09 1.70 0.12 0.17
330809 " 0.70 0.11 1.20 0.12 0.09
330811 " 1.10 0.03 1.80 0.05 0.06
Total 11.90 0.08
True Width 11.90
Figure 1 - Tenoriba Channel Location Map
Figure 2 - Masuparia Channel Location Map
Map
Figure 3 - Los Carneritos Channel Location Map