InvestmentPitch Media Video Discusses Mammoth Resources’ Report of 85.7 Metres Grading 0.47 g/t Gold Equivalent from Diamond Drilling at its Tenoriba Gold-Silver Property, Mexico

Rhea-AI Summary

Mammoth Resources Corp. (OTCPink: MMMRF) announced results from four additional drill holes at its Tenoriba gold-silver property in Mexico, part of a broader diamond drilling program. The company has drilled a total of 27 holes, covering 3,240 metres, with today’s four holes contributing 321 metres to that total. The drill program targets five zones of mineralization identified through extensive geological analysis, with results from 10 remaining holes expected soon. Shares are currently trading at $0.04.

Positive

• Total of 27 drill holes completed, confirming ongoing exploration efforts.
• Recent results include significant mineralization zones, enhancing growth potential.

Negative

• Current trading price of $0.04 may indicate limited investor confidence.

VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Mammoth Resources Corp. (TSXV:MTH), (OTCPink:MMMRF) provided results from an additional four drill holes from its diamond drilling program at its Tenoriba gold-silver property located in the prolific Sierra Madre precious metal belt, Mexico. The company holds a 100% interest in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico, subject to a 2% net smelter royalty purchasable for US$1.5 million anytime within two years from commencement of commercial production.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments from Thomas Atkins, President and CEO of Mammoth Resources. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Mammoth” in the search box.

A total of 27 holes were drilled for a total of 3,240 metres, with 4 holes released today. Thirteen were previously released, with results from the remaining 10 holes expected to be released in the coming weeks.

The drill program is designed to test up to five target zones which measure from hundreds of metres to over one kilometre in strike length along a 4 kilometre, east-west trend of gold-silver mineralization. The targets were identified in 3-dimensional modelling incorporating data from over 3,000 soil, chip and channel samples, 26 prior diamond drill holes, geological and structural mapping and the potential continuity at depth of surface mineralization as indicated by an IP/Mag geophysical survey.

Today’s four diamond drill holes were completed for a total of 321 metres, bringing the total reported to date to 2,235 metres in 17 holes.

For more detailed information about these drill holes, please refer to today’s news release.

The shares are trading at $0.04. For more information, please visit the company’s website, www.MammothResources.ca, contact Thomas Atkins, President & CEO, at 416-509-4326 or by email at tr_atkins@rogers.com.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Mammoth Resources has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CEO
bmorgan@investmentpitch.com

FAQ

What were the latest drill results from Mammoth Resources Corp's Tenoriba property?

The latest results included four additional drill holes, adding to a total of 27 holes drilled, aimed at identifying gold-silver mineralization.

How many holes has Mammoth drilled at the Tenoriba property?

Mammoth has drilled a total of 27 holes measuring 3,240 metres at the Tenoriba property.

What is the current stock price of Mammoth Resources Corp (MMMRF)?

As of the latest update, shares of Mammoth Resources Corp are trading at $0.04.

When can we expect more drill results from Mammoth Resources?

Results from the remaining 10 drill holes are expected to be released in the coming weeks.