BMM:
TSX-V
VANCOUVER, BC, Jan. 11, 2021 /CNW/ - Black Mammoth Metals
Corporation (TSXV: BMM) (OTC: LQRCF) ("Black
Mammoth" or the "Company") is pleased to announce that it has
contracted Hazen Research, Inc. of Golden, Colorado ("Hazen") to begin gravity
separation testing of a 111kg sample of material that Hazen has
received from the Company's 100% owned Happy Cat gold property in
Nevada. The sample was collected
and shipped in December 2020 by
Adam Knight, Professional Mining
Engineer who is independent of the Company.
The objective of the testing at Hazen is to identify what
gravity separation process may be optimal for further tests,
including a larger pilot test. The testing is intended to further
the Company's understanding of the gold grades and recovery rates
as there may be an opportunity to conduct a bulk sampling operation
at Happy Cat property. The initial gravity separation test has
begun with the analysis and reporting expected to be completed by
late January or February.
Hazen Research, Inc. was founded in 1961 and is a medium sized
independent industrial research and development ("R&D") firm
specializing in flowsheet and scaleup R&D from scoping
experimental test work to demonstration-scale pilot plants for the
mining industry and other industries.
The 111kg sample was taken from the near surface gold anomaly at
Happy Cat property referred to in the Company's news release dated
November 25, 2020. The gold anomaly
occurs within a 600-metre diameter circular area where past
exploration included RC drilling, trenching, auger drilling and
sampling. Past metallurgical work using an iCON gravity
concentrator and a Deister concentrating table suggested that the
near surface anomaly is amenable to gravity separation. This past
testing recovered visible particulate gold along with fine gold
suggesting a nugget effect.
Adam Knight, PE and Independent Qualified Person as defined by
NI 43-101 approved the technical information contained in this news
release.
About Black Mammoth Metals Corporation:
Black Mammoth has 11,081,871 shares issued and outstanding,
11,556,871 fully diluted.
Along with the Company's 100% owned Happy Cat Gold Property,
subject to underlying royalties (transaction subject to TSX-V
approval), Black Mammoth has a 100% interest, subject to underlying
royalties, in the Blanco Creek gold property in central
Idaho which hosts three historic
underground mines along 3550 meters (11,644 feet) of strike on the
north-east trending regional Blanco Shear
Zone. Exploration by two previous operators identified
a geological target for the Blanco Creek property in the order of
1.7 to 2.48 million tons, grading 0.20 to 0.33 oz/ton Au (1.54 to
2.24 million tonnes, grading 6.85 to 11.31 g/tonne Au); see the
Company's press release dated February
14th, 2017.
Black Mammoth cautions investors to note the potential
quantity and grade of the geological target are conceptual in
nature. A qualified person has not completed sufficient work
to classify the geological target as mineral resources as defined
by NI 43-101, and it is uncertain if future exploration will result
in the target being delineated as mineral resources.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson, BBA
President, CEO and Corporate Secretary
"Neither 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." This press release contains
forward-looking statements and forward-looking information
(collectively, "forward looking statements") within the meaning of
applicable Canadian and United
States securities laws. All statements, other than
statements of historical fact, included herein, including
statements regarding the anticipated content, commencement,
duration and cost of exploration programs, anticipated exploration
program results, the discovery and delineation of mineral
deposits/resources/reserves, the timing of the receipt of assay
results, the visual continuity of certain mineralized intervals and
business and financing plans and trends, the potentially open
nature of the mineralized zones on the property and the potential
for future discoveries of additional mineralization on the property
are forward-looking statements. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions or are those
which, by their nature, refer to future events. Although the
Company believes that such statements are reasonable, there can be
no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future performance, and that actual results may differ materially
from those in forward-looking statements. Important factors that
could cause actual events and results to differ materially from the
Company's expectations include those related to weather, equipment
and staff availability; performance of third parties; timing of
receipt of assay results from third party analytical facilities;
risks related to the exploration stage of the Company's projects;
market fluctuations in prices for securities of exploration stage
companies and in commodity prices; and uncertainties about the
availability of additional financing; risks related to the
Company's ability to identify one or more economic deposits on the
properties, and variations in the nature, quality and quantity of
any mineral deposits that may be located on the properties; risks
related to the Company's ability to obtain any necessary permits,
consents or authorizations required for its activities on the
properties; and risks related to the Company's ability to produce
minerals from the properties successfully or profitably. Trading in
the securities of the Company should be considered highly
speculative. All of the Company's public disclosure filings may be
accessed
via www.sedar.com and readers
are urged to review these materials, including the latest technical
reports filed with respect to the Company's mineral
properties.
SOURCE Black Mammoth Metals Corp