News

Toronto, Canada (August 8, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company") is pleased to announce additional results from its surface channel program at its Tenoriba precious metal property in Chihuahua State, Mexico. The Company announced earlier this year its plans to embark on a program of infill PIMA sampling, drill road construction and channel sampling to better define drill targets which followed prior surface sampling and an IP and Magnetometer geophysics survey over a prospective 15 square kilometre area at Tenoriba. Mammoth has sampled gold ubiquitously over the property reporting results as high as 75 grams per tonne (g/t) and drill intersections, the highest grade of which was 45.6 g/t gold over 1.9 metres. The Company completed 14 channels totaling almost 200 metres in length where 139 samples were analyzed for gold, silver and multi-elements in the Cerro Colorado, El Moreno, Masuparia and Los Carneritos areas on the property (refer to Figure 1 - Channel Sample Location Map). The most recent results from El Moreno (refer to Figure 2 - El Moreno Channel Location Map) and the Masuparia area, are shown in bold text together with previously reported results from this program:
 

Any gold samples assaying greater than 10 g/t gold were reduced ("cut") to 10 gpt gold in any averaging.
* Gold Equivalent wherein silver grade is converted to gold grade at 75 g/t silver = 1 g/t gold.

Thomas Atkins, President and CEO of Mammoth commented on the channel sample results stating: "The two areas at El Moreno where the channels were cut are from 500 to 700 metres from one another and were chosen because of the rocks observed at these areas and the continuity of outcrop enabling cutting of lengthy channels. Average grade of the four channels was 0.47 grams per tonne gold equivalent over lengths of from 16 to 52 feet in individual channels for an average width of 41 feet in four channels while individual channel sample grades were as high as 3 grams per tonne. These are terrific channel dimensions separated by more than half a kilometer and at an average grade of 0.47 grams per tonne are equivalent and in some cases above those currently being economically mined in open pit heap leach mining operations in Mexico. These channel results continue to illustrate the continuous nature of gold-silver mineralization at various locations at Tenoriba along an approximate 6 kilometre trend, within the large, approximately 15 square kilometer mineralized area at Tenoriba. We look forward to reporting additional results in the near future from the remaining 7 channels cut at Tenoriba."

Results from this channel sampling program correspond well with geophysical features extending at depth below these channel samples and this correlation will be used to assist in locating attractive drill targets with the objective of extending surface results at depth and potentially begin to build a mineral resource at Tenoriba.

Qualified Person / Quality Controls:

Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp. is Mammoth's Qualified Person, according to National Instrument 43-101, for the Tenoriba property and is responsible for and has reviewed any technical data mentioned in this news release. Samples referenced in this press release were prepared and analyzed by ALS CHEMEX in their facilities in Mexico and Canada, respectively. Samples generally consisted of over a minimum of 2 kilograms of material. Gold and silver analyses were performed by 30 gram fire assay with an Atomic Absorption finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits. Blank and duplicate samples were inserted randomly at approximately every 20 samples.

About Mammoth Resources:

Mammoth Resources Corp. (TSX-V: MTH) is a mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company has an option to acquire 100% of the Tenoriba Property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Company continues to seek other option agreements in the Americas on other properties it deems to host above average potential for economic concentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at: www.mammothresources.ca.

Neither the 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.

Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

Table 1 - Channel Sample Results

Figure 1 - Channel Sample Location Map


 

Figure 2 - El Moreno Channel Location Map