Mammoth Resources Reports Results from Its Pima-XRD Surface Program at Its Tenoriba Precious Metal Project, Chihuahua, Mexico
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FOR IMMEDIATE RELEASE: January 26, 2017 No. 02/17
MAMMOTH RESOURCES REPORTS RESULTS FROM ITS
PIMA-XRD SURFACE PROGRAM AT ITS TENORIBA
PRECIOUS METAL PROJECT, CHIHUAHUA, MEXICO
Toronto, Canada (January 26, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the
“Company”) is pleased to announce that it has received and interpreted results from its PIMA - X-ray
Diffraction (XRD) sampling program and analysis completed in late 2016 at its Tenoriba, High
Sulphidation gold-silver property located in the pro lific Sierra Madre area of southwestern Chihuahua
State, Mexico. Through this PIMA-XRD program the Company believes it has enhanced its
understanding and targeting of some of the most attractive areas of gold mineralized along a trend
initially identified to occur over a large 15 square kilometre area on the property (refer to the “Geology,
ISM & Gold Eq.” map posted on the company’s web site:
http://www.mammothresources.ca/i/maps_figures/2017-01-26-pima-sampling-geo-ism-au.jpg.).
Thomas Atkins, President and CEO of Mammoth commented on the results from this program
stating: “We’re pleased with the results from the P IMA-XRD survey. These results provide us with
improved recognition of areas within the larger 15 square kilometer area of precious metal
mineralization that would appear to be nearer more intense hydrothermal activity. The model for a
High Sulphidation precious metal system, as is believed to exist at Tenoriba, suggests that the nearer
the source of hydrothermal activity, the nearer one is to identifying the sources of the precious metal
mineralization on the property. The results of this program combined with additional indications
hydrothermal activity such as hydrothermal breccias , intense silicification and vuggy silica, associated
with favourable geochemistry and precious metal mineralization, reinforces and helps better define the
most likely source of the mineralization on the property. Based on these encouraging results we’d like
to return to the property and tighten the sample spacing in some of the more favourable areas at Los
Carenitos and El Moreno to see if we can’t better define the proximity to this hydrothermal source in
these areas and expand the grid in areas of lesser coverage at Cerro Colorado and to the east of Los
Carenitos to see if we can hone-in even further in these areas where the combination of attractive
features could make the most attractive drill targets.”
The objective of the PIMA - XRD program was to systematically collect and analyze rock samples over
the 15 square kilometre (sq km) area of precious metal mineralization to determine the type of
alteration clay minerals present in these rocks associated with degrees of alteration and presence of
gold and silver, such alteration believed to be t he product of hydrothermal activity carrying and
depositing the precious metals in these rocks. A total of 202 samples were collected along 14,
approximately north-south trending lines averaging from one to two kilometres in length spaced 500
metres apart with samples collected every 100 metres along the lines. Samples were sent to Recursos
Geosiences de Mexico S.A de C.V (RGM) in Hermosillo, Sonora State, Mexico for XRD analysis with
Terraspec. Thirteen lines cover the majority of the target 15 sq km area previously defined to contain
abundant surface gold mineralization via rock chip sampling and an initial diamond drill program which
tested approximately 20 percent of this area with 15 drill holes, the highest grade intersection assaying
45.9 grams per tonne (g/t) gold over 1.9 metres and the highest surface sample assayed on the
property graded 74 g/t gold.
Various alteration clay minerals associated with silicified rocks, including: dickite, and in some
samples pyrophillite, are categorized based on the I ndex of Smectite Maturity (“ISM” index), which
assists in identifying the processes and temperature of formation of various alteration clay minerals.
Based on the ISM index, an ISM of greater than 1.6 is believed to be of the highest order of
temperature formation and nearest the source of hydrothermal activity while an ISM of greater than
1.0 is of intermediate temperature and believed to be slightly further from the source of hydrothermal
activity. A level below 1.0 is thought to be distant from the source. Approximately 60 percent of the
samples collected during this program points to very near source or of intermediate distance to the
source of hydrothermal activity which combined wi th attractive gold assays, supportive geochemistry,
abundance of silicification, brecciation and vuggy silica meet many of the criteria for an attractive High
Sulphidation precious metal mineralizing system.
The map available on the Company’s web site via the link:
http://www.mammothresources.ca/i/maps_figures/2017-01-26-pima-sampling-geo-ism-au.jpg.) illustrates
(in the areas of cross hatching) an approximate 6 kilometres east, northeast trend from the El Moreno
prospect area in the west to the Los Carneritos area in the east where there is an abundance of red
and amber diamonds indicative of the sample location of higher order ISM index clays and where red
and yellow squares are observed on the map these indicate sample locations with higher gold assay
results (from 5 g/t to 74 g/t gold) from surface samples. This trend also overlies the trend established
from the Induced Polarization and Magnetom eter ground geophysics survey conducted on the
property (refer to image in the “Projects” section of the Company’s website and the complete
geophysics report filed therein).
Next steps in the exploration program includes a tighter line and sample spacing in the areas of the
most attractive features, in particular at Los Carenitos and El Moreno, and expand the grid in areas of
lesser coverage at Cerro Colorado and to the east of Los Carenitos to try to hone-in even further in
these areas where the combination of attractive geological features, gold assay results, attractive
geophysical features and these alteration clay minerals make attractive drill targets. With this next
round of sampling we’d like to excavate some trenches in the most attractive of these areas for
mapping and sampling. With heavy equipment on the property for this trenching we’d like to build
roads to areas on the property where roads don’t currently exist or need to be rehabilitated and
construct drill. Mammoth received a drill permit in November 2016 for up to 16 drill pad locations and
an unlimited number of metres of drilling and is expect ed to renew its surface rights on the property by
early February 2017 with the second of the two ejidos which administer the surface rights at the
project area, valid for at least the next two years. The Company is optimistic that with the next round of
surface work it hopes to commence in mid February that it will be in a position to commence a
diamond drill program on a number of attractive targets towards the middle of the year.
About Mammoth Resources:
Mammoth Resources (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% in 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.
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 project
and is responsible for any technical data mentioned in this news release.
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.
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Forward Looking Information: This news release may c ontain or refer to forward-looking information. All
information other than statements of historical fact t hat address activities, events or developments that the
Company believes, expe cts or anticipates will or may occur in t he future are forward-looking statements;
examples include the listing of its shares on a stoc k 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 resu lts to differ materially from those discussed in such
forward-looking statements. Any forward-looking statement sp eaks only as of the date on which it is made and,
except as may be required by applic able securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, w hether as a result of new informat ion, future events or results or
otherwise. Although the Company believes that the assump tions inherent in the forw ard-looking statements are
reasonable, forward-looking statement s are not guarantees of future performance and, accordingly, undue
reliance should not be placed on these forward-lookin g statements due to the inherent uncertainty therein.
Map of Geology, ISM & Gold Equivalent Mineralization – Tenoriba Project, Chihuahua, Mexcio