- 11 square kilometres total claims position, 100%
owned
- UAV magnetic survey covering over 6 kms of high angle faults
complete
- Structural and stratigraphic setting similar to that of
Carlin and Cortez
deposits
VANCOUVER, BC, Jan. 24, 2022 /CNW/ - Black Mammoth Metals
Corporation (TSXV: BMM) (OTC: LQRCF) ("Black Mammoth"
or the "Company") is pleased to announce that the Company,
through its 100% owned subsidiary Antelope Creek Gold Corporation,
has staked an additional 104 lode mining claims totalling 870
hectares (2150 acres) at its 100% owned Happy Cat gold property
(the "Property"). The Property now consists of 134 lode mining
claims managed by the Bureau of Land Management (the "BLM")
covering a surface area of more than 1113 hectares or over 11
square kilometres (2750 acres), with 116 lode claims being
contiguous. Black Mammoth now owns one of the largest claims
positions in the southern Ravenswood Mining District ("Ravenswood")
located at the southern end of the Rabbit Creek Gold Trend,
Lander County, Nevada.
The Company has completed a UAV magnetic survey (the "Mag
Survey") of the newly staked ground which hosts three
high angle faults, covering a combined distance of over 6 kms
trending N, NW and NE, which are of the correct orientation and age
to have helped form Carlin-type
deposits. The main purpose of the Mag Survey is to identify
potential intrusive host structures along these faults and to
identify any major cross-trending faults. Interpreted results
of the Mag Survey will be available for release shortly along with
an updated Projects section on the Company's new website that is
currently under construction.
At Ravenswood, including the Property, there is a structural and
stratigraphic setting similar to areas containing the Carlin and Cortez deposits. Adjacent to the
Property, near the historic Maloy Gold
Mine area, Cretaceous granodiorite crops out and intrudes
Paleozoic sedimentary strata, including the lower plate Roberts
Mountain and upper plate Valmy
formations with gold mineralization occurring in the Paleozoic
strata and in the granodiorite. Carbonate rocks of the
Roberts Mountains Formation are exposed below the Roberts Mountains
Thrust. Mineralization hosted on adjacent and/or nearby
properties is not necessarily indicative of mineralization hosted
on the Company's property.
The Property claims were located in strict accordance with all
state and federal rules and regulations and are in the filing
process with the Lander County Recorder's office and the BLM's
Nevada State office in Reno, NV.
Brian T. Brewer, CPG (#11508),
M.Sc. and Independent Qualified Person as defined by NI 43-101,
located the claims and has approved the technical information
contained in this news release.
About Black Mammoth Metals Corporation:
Black Mammoth has 11,376,871 shares issued and outstanding,
11,376,871 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
"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