Mammoth Resources – Exploration Update At The Tenoriba Project

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 recap some of the recent drill results that came back from the first 10 of 28 holes drilled, and note that 18 holes 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, with the goal of pulling together an initial inferred resource at the conclusion of the larger drill program.


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Click here for the summary of the recent news out of Mammoth Resources.

    Apr 12, 2022 12:07 PM

    Hi Ex, I found this to be very interesting The Bank Of Canada is expected to raise The mortgage lending rate to1% overnight. They are very worried about the runaway housing market. Who in their right mind would let housing prices get this high, like Artie Shaw would say “Very Interesting”! But like I would say this is nothing compared to the train that is coming down the tunnel and they are tied to the tracks. I wonder how The Federal Reserve will forgive The Bank Of Canada for not following their lead. It seems the World is realizing that the Emperor has no clothes. I guess they finally realized he is wearing panty hose and they can see there are no jewels left.🤣

    Most Canadians have HELOC’S but they don’t know what they are or that they are tied into their variable rate mortgages because the fools tell everyone that they are smart enough to get a HELOC. DT

      Apr 12, 2022 12:33 PM

      It still is a paltry .05% raise but better than .025%. DT

      Apr 12, 2022 12:42 PM

      Good points on the runaway housing markets, the Canadian central bank out hiking the Fed, and that even the main stream media and generalist investors are starting to wake up to the reality that the emperor is wearing no clothes, and delusional monetary and fiscal policies are being exposed.

      With regards to the housing market and using Helocs to borrow against equity a variable loan is the same kind of nonsense that was happening in 2005-2007 that eventually lead to the Great Financial Crisis and implosion of mortgage backed securities, home prices, then commercial real estate prices, the sucker punch to the construction industry and related fields, and then the contagion effect. People are simply repeating the same silly mistakes once again.

    Apr 12, 2022 12:28 PM

    Impact(IPT) up on increased volume. It’s gonna bust out soon.

      Apr 12, 2022 12:44 PM

      Yep, a reasonable move in IPT today, but it hasn’t really started to stretch it’s leg’s yet like it can when it really puts on the dancing shoes. Just imagine where stocks like Impact or Santacruz are going to go when Silver breaks up through $30 and heads into the mid $30’s. People want to be positioned long before moves like that begin.

    Apr 12, 2022 12:35 PM

    Aussue U miners up double digits Wednesday morning (BMN:AX +18%)

      Apr 12, 2022 12:48 PM

      Nice. I hope that also bodes well for North American uranium stocks for Wednesday then.