About Black Mammoth Metals Corp.
Black Mammoth Metals Corporation (TSXV: BMM) (OTC: LQRCF) Black Mammoth has 14,876,871 shares issued and outstanding, 19,771,871 shares fully diluted.
The company has recently completed a gravity survey and a UAV magnetic survey at its 100-per-cent-owned, 1,213-hectare (2,997-acre) Happy Cat gold property, in southern Ravenswood mining district, Lander county, Nevada. Numerous magnetic anomalies indicative of intrusive rocks that appear to occupy indicated north and northwest trending high angle faults with the most significant magnetic anomalies located at fault intersections. Faulting on the property is of similar orientation and age to ore-controlling faults occurring at Carlin-type gold deposits elsewhere in northern Nevada.
Black Mammoth has a 100-per-cent interest, subject to underlying royalties, in the Blanco Creek gold property in the Elk Creek mining district, central Idaho which hosts three historic underground mines along 3,550 metres (11,644 feet) of strike on the northeast 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 million to 2.48 million tons, grading 0.2 to 0.33 ounce/ton Au (1.54 million to 2.24 million tonnes, grading 6.85 to 11.31 g/tonne Au); see the company's press release dated Feb. 14, 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 National Instrument (NI) 43-101; it is uncertain if future exploration will result in the target being delineated as mineral resources.
Mark J. Abrams, CPG No. 11451, is a non-independent qualified person, as defined by NI 43-101, and a director of Black Mammoth; he has approved the technical information contained in this news release.
