Mammoth Resources (TSX-V: MTH, OTC: MMMRF) is a publicly listed precious metal mineral exploration company.
The company's primary asset is its 100% owned, 5,333 hectare (13 km x 4 km) Tenoriba gold-silver, advanced stage exploration project located in the prolific Sierra Madre belt in northwest Mexico.
Experienced management team with over 100 years of combined industry experience among the CEO, VP Exploration, CFO and independent director.
Large 18 sq km (6 km x 3 km / 4,500 football fields) gold-silver footprint - highest sample graded 74 g/t gold & 62 g/t silver.
27-hole/3,250metre/$1.5M drill program completed in 2022 of a total C$6.0 million spent, including 54 diamond drills holes/7,500 metres testing areas along a 4 km trend to 150 metre depth - intersecting 10's of metres of potentially economical gold-silver mineralized in > 85% of the holes drilled.
Mammoth has a modest market valuation when taking into account the amount spent defining gold-silver with copper mineralization and the potential for a low cost, large scale, open pit mine.
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Valuation/Trading
67.1 million basic shares outstanding / 91.5 million fully
Mammoth is held 17% by institutions (US Global, Gold 3000, Commodity Discovery Fund), 10% by insiders and 30% by close associates.
1 Year MTH vs 1 Year Gold (US$/oz)
• Last financing: June/21 $2,850,000 @$0.14/share
• Recent Market Cap: C$2.0 million
Mammoth's current market capitalization values the company at only
1/3 of what's been spent on its Tenoriba property
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Tenoriba - Located in Prolific Gold-Silver Region
In the 20 yr period 1995 - 2015, projects totalling 40 M oz Au Eq (25 M oz Au / 1.0 B oz Ag) have been discovered in the Sierra Madre.
• Dolores - Pan American Silver
• Mulatos - Alamos Gold
• Pinos Altos - Agnico Eagle
• Ocampo - Aurico Gold
• Monterde - Kimber Resources
• San Miguel - Paramount Gold
• El Sauzal - Goldcorp (Newmont)
• Palmarejo - Coeur Mining
• Alamo Dorado - Pan American Silver
• Guanacevi - Endeavour Silver
• Topia - Great Panther
• La India - Agnico Eagle
• Tenoriba is surrounded by multimillion ounce deposits owned by multi-billion $ mkt cap companies
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Tenoriba Project - Location and Infrastructure
Mammoth holds a 100% interest in 4 concessions covering 5,333 hectares.
Exploration focused on 3 areas of gold-silvermineralization over a 6 km strike length.
Area of known mineralization
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Mammoth Resources Corp. published this content on 20 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2022 20:48:03 UTC.
Mammoth Resources Corp. is a Canada-based precious metal mineral exploration company. The Company is focused on acquiring and defining precious metal resources in Mexico and other jurisdictions in the Americas. The Company holds a 100% interest in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Company 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. The Tenoriba property is comprised of four concessions, such as Mapy, Mapy 2, Mapy 3 and Fernanda.