BMM: TSX-V
VANCOUVER, BC, July 15, 2021 /CNW/ - Black Mammoth
Metals Corporation (TSXV: BMM) (OTC: LQRCF) ("Black
Mammoth" or the "Company") is pleased to announce positive
results from its preliminary metallurgical test program for gold
recovery at the Company's Happy Cat property. A 13.6 kg
sample from the near surface gold anomaly referred to in the
Company's news release dated November 25,
2020 (the "Sample") was tested for Gravity Recoverable Gold
("GRG") at Met-Solve Laboratories ("Met-Solve"), Langley BC. The Sample was tested for GRG with
the GRG tailings being further tested by cyanidation, with total
gold recovery of 84.4%. A magnetic and a non-magnetic
concentrate was produced with total GRG recovery of 38.8% (17.3%
and 21.5% respectively). The GRG tailings were then tested for
cyanidation with results indicating that 83% of the gold in the GRG
tailings is readily leachable within 24 hours, with 80% gold
recovery achieved in the first hour.
Sample material that was over 1.8mm in size (the "Oversize") was
screened off before the test but still included in the weight of
the Sample, which represents 23.2% of the Sample. This 1.8mm
material was not tested for gold recovery which may slightly
understate the total gold recovery percentage of 84.4%. The
Company intends to conduct gold recovery testing on the Oversize
along with further metallurgy work.
GRG Test:
The GRG test was a 3-stage test
using a Falcon L40 centrifugal gravity concentrator (the
"Falcon"). After screening off the Oversize, the magnetic
fraction was removed to produce the magnetic concentrate. For the
non-magnetic concentrate, the Sample was fed through the Falcon 3
times to produce 3 concentrates including an intermediate grind to
63 microns in between the 2nd and 3rd stage.
The Sample's calculated head grade and assayed head grade was 0.97
g/t Au and 0.94 g/t Au respectively with the magnetic and
non-magnetic concentrate having a mass pull of 0.5% and 2.16%
respectively. A particle size analysis was conducted to determine
the distribution of Au in each particle size class. In the
head sample, a significant amount of Au occurs between 53 to 150
microns with over 70% of the Au occurring at less than 38 microns.
In the tailings over 23% of the Au occurs between 75 to 106 microns
and 67% of the Au occurring at less than 38 microns. No coarse gold
or nugget effect was observed with the GRG test.
Prior to the GRG test at Met-Solve
Laboratories, preliminary gravity tests were conducted at Hazen
Research Inc. of Golden, Colorado
and FLSmidth Minerals Testing and Research Centre, Salt Lake City, Utah.
Cyanidation Test:
A standard 24-hour bottle roll
cyanidation leach test was conducted on the GRG tailings with an
assayed head grade of 0.71 g/t Au and a calculated head grade of
0.70 g/t Au. 83% of the Au was leached within 24 hours, with 80%
gold recovery achieved in the first hour. The leach residue
contained the remaining 17% of the Au with a grade of 0.12 g/t Au.
The remaining Au in the leach residue is believed to be locked in
gangue minerals.
Sampling Program:
20 samples were collected in the
immediate area of the near surface gold anomaly to aid the
metallurgy tests and were delivered to Paragon Geochemical,
Sparks, NV. Gold values ranged
from a low of 0.21 g/t to a high of 2.6 g/t with an average value
of 1.28 g/t. The samples were analyzed using Au-AA30; 30g fire
assay, AQR digestion/AAS. The samples were collected and
delivered by Adam Knight, PE and Independent Qualified Person as
defined by NI 43-101.
Flotation Test:
A rougher flotation test targeting
recovery of gold on the GRG tailings using a standard reagent
scheme was conducted. The floatation concentrates were under the
gravimetric assay limit of 0.9 g/t Au. This flotation test is
considered preliminary so before flotation can be ruled out as a
method of gold recovery, further testing is needed.
Mark J. Abrams, CPG #11451,
Non-Independent Qualified Person as defined by NI 43-101 and
Director of Black Mammoth has approved the technical information
contained in this news release.
About Black Mammoth Metals Corporation:
Black Mammoth has 11,171,871 shares issued and outstanding,
11,556,871 shares fully diluted.
Along with the Company's 100% owned Happy Cat Gold Property,
subject to underlying royalties, 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