Mammoth Resources – Another Batch Of Step-Out Drill Holes Released At The Tenoriba Project Confirming The Size and Scale
Thomas Atkins, President and CEO of Mammoth Resources (TSX.V:MTH – OTC:MMMRF) joins us for an overall exploration update at the Tenoriba Project, in Mexico. We start off by highlighting the next batch of 4 drill results that came back, making it a total of 17 holes that have now been released out of the 27 holes drilled, with 10 holes that are still pending assays being returned and released to the market. Next we have Thomas clarify the 3 main target areas of interest, which include the West El Moreno area, the Central Masuparia area, and the East Los Carneritos area. These target shave been prioritized based on the recent IP and MAG Geophysics, over 3,000 soil Geochem samples, over 1,000 rock chip and channel samples, and in connection with prior drill results.
The overall drill program for the balance of the year will roughly match the 28 holes already drilled, mostly focused at growing the Los Carneritos target area, and some follow up work at Masuparia, with the goal of pulling together an initial inferred resource at the conclusion of the larger drill program next year. There is also ongoing metallurgical work to test the amenability towards open pit heap leach processing, and we discuss some of the other nearby projects successfully employing this same process at similar or even lower grades, than the Tenoriba Project average weighted head grade at .66 g/t.
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