MAMMOTH RESOURCES CORP. : http://www.mammothresources.ca/ : QwikReport

News Releases

#December 05, 2018
Mammoth Provides Corporate Update on Exploration Activities at the Tenoriba Project

 

Toronto, Canada (December 5, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to provide an update on activities at its Tenoriba gold-silver-copper exploration property in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico, including: 2017-18 Exploration Program Summary, Highlight Results, Conclusions and Opportunities, and Recommendations for Future Work.

2017-18 Exploration Program Summary

Company geologists vacated the property in late June until early October of this year during what is traditionally the annual rainy season in the area following a lengthy period of exploration from late 2017 through the first half of 2018. Mammoth geologists returned to the property in October to sample gaps in the drill core between intervals of reported mineralization which had not previously been sampled and to perform maintenance on roads in and around the project area following the seasonal rains.

During the 2017-18 diamond drill program Mammoth drilled, logged and sampled 13 diamond drill holes for a total of 2,705 metres (m) testing to maximum vertical depths of 200 m numerous targets based on geophysical features, surface geology, presence of gold, and intriguing geochemistry. The area mapped, sampled and analysed for gold consists of an approximate 5 kilometres (km) west, south west - east, northeast strike length and potentially economical grades of gold-silver were intersected over metres to many tens of metres in 9 of 11 holes reported, two holes are yet to report results (please refer to table of all reported drilling posted on the Company’s web site at:
http://www.mammothresources.cam/i/maps_figures/2018-11-30_Summary-Drilling-Results-Total-Program.pdf).

The Induced Polarization (IP) and Magnetic (Mag) geophysics survey covered approximately 40 percent of this area. Diamond drilling was targeted at confirming whether geophysics could be a useful tool in targeting features at depth which were responsible for the surface gold mineralization. In this extent the drill program was very successful.

Thomas Atkins, President and CEO of Mammoth commented on the results from drilling, stating: “We’ve always been impressed and intrigued by the sheer dimensions of the gold-silver footprint at Tenoriba, one that measures about 15 square kilometres and still remains open to the east and west.

“Given we intersected potentially economical values of gold-silver in 9 of 11 drill holes from this campaign and that 7 of these holes tested areas over one kilometre to the east and west of the area previously drilled, illustrates the vast potential of the deposit.

“Another intriguing feature from this drilling is the evidence we obtained suggesting rocks intersected in drilling in the western portion of the area of surface mineralization are deeper in a High Sulphidation -- Porphyry system as evidenced by numerous compelling features in the drill core in holes drilled in this area. This western portion of the property is an area in which the geophysics survey, which was so productive in identifying targets in this drill program, only covered a mere 200 metres of an approximate 2 kilometres of mineralized strike length. We’re looking forward to covering the remaining 60 percent of the property not yet having been surveyed with geophysics and testing targets in this western portion of the property for gold-silver-copper Porphyry potential.”

Highlight Results

Some highlight, illustrative drill intersections from each project area include the following:

In the Central project area:

  • TEN 17-04 intersected 10.0 m grading 1.13 grams per tonne (g/t) gold equivalent (AuEq) and 45.4 m grading 0.63 g/t Au Eq;
  • TEN 17-05 intersected 23.5 m grading 1.32 g/t AuEq and 27.0 m grading 0.63 g/t Au Eq.

In the El Moreno project area (located approximately 1.5 km west of the Central project area):

  • TEN 17-01 intersected 30 m grading 0.79 g/t AuEq, including 5.9 m grading 3.51 g/t Au Eq;
  • TEN 17-03 intersected 15.5 m grading 0.36 g/t AuEq, including 7.2 m grading 4.34 g/t Au Eq of which 7.2 m graded 3.59 percent copper (included in the gold equivalent).
  • TEN 17-02 intersected 80.0 m grading 0.18 g/t AuEq and TEN 17-11 intersected 227.0 m grading 0.14 g/t Au Eq.

In the Carneritos project area (stretching as much as 1.2 km east of the Central project area):

  • TEN 17-06 intersected 126.8 m grading 0.52 g/t AuEq, including 25.0 m grading 1.21 g/t Au Eq;
  • TEN 17-08 intersected 14.9 m grading 0.62 g/t AuEq.

A location map illustrating surface geology, mineralization, drill hole locations and including the location of a longitudinal section line drawn through the deposit is posted on the Company’s web site at:
http://www.mammothresources.ca/i/maps_figures/30-11-2018_Surface-Location-Map.png.

The Ministry of Mining (Direccion General de Minas), Mexico granted the Company the license for the Mapy 3 concession consisting of 1,850 hectares adjacent and directly east of the Mapy and Mapy 2 concessions and which captures the potential eastern extension of mineralization observed to continue to the east of the Carneritos area.

Mammoth has also been involved since the middle of the year in numerous corporate development initiatives regarding the Tenoriba project towards a possible transaction to assist in advancing exploration at Tenoriba.

Conclusions and Opportunities

Based on the results obtained from this program Mammoth has concluded, and believe the following opportunities exist on the property:

  • The El Moreno area (located in the western portion of the mineralized area on the property) exists as much as 600 m deeper in the mineralizing system (please refer to longitudinal section: http://www.mammothresources.ca/i/maps_figures/30-11-2018_Long-Section.jpg .) and although limited to only 200 m of coverage, the Induced Polarization (IP) geophysical survey identified a different suit of rocks than the hydrothermally altered volcanics which comprise much of the gold-silver mineralized surface outcrop on the property.
  • Diamond drilling at El Moreno tested geophysical features to vertical depths of as much as 200 m and intersected Feldspar Porphyry intrusive rocks (intrusive rocks are the source of the hydrothermally altered volcanics abundant in other higher elevation drill holes and surface outcrops on the property), with Porphyry-style mineralization, including disseminated sulphides and complex stockwork-sulphide rich veinlets yielding lengthy intersections of lower grade gold (TEN 17-02 intersected 80.0 m grading 0.18 g/t AuEq and TEN 17-11 intersected 227.0 m grading 0.14 g/t Au Eq.) in combination with other Porphyry-style features, including:
    • Phyllic-Pyritic alteration (as indicated by the presence in drill core of alteration minerals illite, tourmaline and dickite);
    • presence of chlorite, magnetite and epidote, indicative of alteration at temperatures of approximately 350 degrees Celsius, temperatures commonly found nearer the Porphyry source in a Porphyry - High Sulphidation system versus minerals formed under cooler temperatures (200 degrees Celsius) nearer the area of typical High Sulphidation mineralization;
    • Potassium Feldspar alteration/flooding observed at deeper intervals within the drill core; and
    • the presence of copper; 7.2 m grading 3.59% copper in hole TEN17-03.
  • Having intersected Porphyry-style intrusive rocks at El Moreno, the opportunity exists over a 2 km strike length of intermittent surface gold-silver mineralized outcrop, east of El Moreno west towards the Cerro Colorado area, to discover a large Porphyry gold-copper mineralizing system with drilling to date encountering features typical of those found on the flanks of Porphyry systems.
  • At the Carneritos area (located in the eastern portion of the mineralized trend), the surface geology is more typical of High Sulphidation (HS) epithermal alteration/mineralization. Limited drilling to date in this area (only drilled 5 drill holes have tested the entire approximate 4 square km area of Carnertitos) has intersected intervals of narrow pyrite veinlets in a stockwork texture associated with silica, dickite and local patchy vuggy silica alteration, typical of alteration found on the shoulders of large HS deposits. Potentially economical grades of gold-silver mineralization were intersected, including hole TEN 17-06 grading 0.52 g/t AuEq over 126.8 m, including 1.21 g/t Au Eq over 25.0 and the opportunity exists for the discovery of a large, economical gold-silver mineralized body within Carneritos and/or the extension up to 800 m east of Carneritos which has not yet been covered by geophysics.
  • Within the main east-west trend of alteration and mineralization at Tenoriba there appear three orientations of generally normal displacement faults; one set of faulting has its axis oriented generally east-west, parallel to the general trend of mineralization, another set trends northeast-southwest and a third set trends northwest-southeast, near perpendicular to the second set. Displacement appears in the order of 25 to 100 metres. There are instances (particularly within the Central area of the property) where precious metal mineralization is associated with the general trend of these structures (TEN 17-05 intersected 23.5 m grading 1.32 g/t AuEq and 27.0 m grading 0.63 g/t Au Eq) and opportunity exists to delineate gold mineralization within and in proximity to these structures.

Recommendations for Future Work

Based on the results obtained from the recent drill program and the conclusions and opportunities which have stemmed from these results, the following is recommended for future work:

  • Cover the remaining 60% of the principal areas of mineralization which have not undergone any geophysics with a similar ground IP and Magnetometer geophysical survey to what was performed previously on the property, including some east-west oriented survey lines in order to assess the northeast-southwest and northwest-southeast structural features observed on surface;
  • Employ the services of a highly experienced and industry recognized HS-Porphyry deposit specialist to review all exploration data obtained from the Tenoriba project and seek this individual’s opinion, as an additional point of view, on the interpretation of the deposit and recommendations for future drilling; and
  • Perform additional diamond drilling to follow up on the encouraging results obtained from the most recent drill program with particular attention on assessing the Porphyry potential in the El Moreno-Cerro Colorado areas in the western portion of the property and the HS potential in the eastern portion of the property.

The Company looks forward to reporting on progress towards achieving the recommended work program in the weeks ahead.

Mammoth would also like to confirm that on October 16, 2018, following an initial press release announcement on July 10th, the Company issued 1,840,000 common shares at a deemed issuance price of $0.05/share to settle a non-accruing debt to the President and CEO of the Company. The Company would also like to announce that it has requested approval to issue an additional 2,414,000 common shares of Mammoth at a deemed issuance price of $0.05/share to settle amounts owed two third party creditors. The issuance of these shares are subject to TSX Venture Exchange approval.

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. Please refer to the Company's website under the "Projects" section for a description of the Company's complete QA/QC procedures. Gold Equivalent is calculated where the silver grade is converted to a gold grade at 75 g/t Ag = 1 g/t Au and 15.3 lbs Cu = 1.0 g/t Au. All drill lengths reported are core lengths versus perpendicular true length of mineralized intersections.

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., or contact Thomas Atkins, President and CEO at:416 509-4326.

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. 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. Please refer to the Company’s website at the following link: http://www.mammothresources.ca/s/FAQ.asp to review the Company’s complete forward looking statement.


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#July 19, 2018
MAMMOTH ISSUES CORRECTION TO TODAY'S PRESS RELEASE

 Toronto, Canada (July 19, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company") would like to correct an error in the press release issued earlier today. The release inadvertently reported under the heading "Other Corporate News", first paragraph, having issued: "1,8400,000 common shares" of the Company as part of a debt settlement, whereas this should have stated the Company issued "1,840,000 common shares" of the Company. Mammoth apologizes for any confusion this may have caused any readers.

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., or contact Thomas Atkins, President and CEO at:416 509-4326
 
#July 19, 2018
Mammoth Intersects Multiple Gold Intersections Totalling 61.5 Metres In Step-Out Drill Hole At Its Tenoriba Precious Metal Property, Mexico

 Toronto, Canada (July 19, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company") is pleased to announce results from diamond drill holes TEN 17-09 and TEN 17-10 on its Tenoriba precious metal property in the Sierra Madre region of southwestern Chihuahua State, Mexico.

Results are for two step-out holes in the Masuparia area, in the central portion of the 6 km long trend of gold mineralization on the property. These diamond drill holes test 100 metres to the north (TEN 17-09) and 50 metres to the south and west (TEN 17-10), respectively of prior program drill hole TDH-07 which assayed 2.01 grams per tonne ("g/t") gold equivalent ("gold Eq") over 47.0 metres ("m") within the possible intersection of two mineralized controls, one oriented north-northwest and the other northwest. These intersections occur within a larger approximate one-kilometre diameter area of ubiquitous gold mineralization in surface chip and channel samples and multi-metre intersections of gold grading up to 10's of grams per tonne ("g/t") gold equivalent ("gold Eq"), including drill hole TDH-07 and a 41.0 m intersection grading 0.92 g/t gold Eq in drill hole TDH-11 and a 23.5 m intersection grading 1.32 g/t gold Eq in TEN 17-05.

Results are shown in the table below. Drill hole surface locations, a summary table of the assay results from the ten drill holes along this trend in the Masuparia area and drill cross sections illustrating the location and depth of the mineralized intervals relative to geophysical and topographic features are available on the Company's website under the 'Projects' section; 'Maps, Images and Photographs' dated July 18, 2018.

Thomas Atkins, President and CEO of Mammoth commented on these results stating: "Although we haven't figured out all the controls to mineralization in this central area, as evidenced by the weaker assay results in hole TEN 17-09, drill hole TEN 17-10 continued to add a total of 61.5 metres of potentially economical gold in what is an approximate one-kilometre, northwest trend of mineralization in this area.

"Hole TEN 17-10 intersected two three metre intersections grading 0.72 and 1.99 gram per tonne gold equivalent plus two lengthy intersections of 22.5 and 24.0 metres grading 0.40 and 0.36 grams per tonne gold equivalent, respectively.

"At this time it's uncertain whether mineralization in ten holes drilled along this one-kilometre northwest trend is geologically controlled or is being defined by the location of the drill holes intersecting gold along the trend. Irrespective of geological or drill control, ten drill holes over a one kilometer area is quite impressive and is made more impressive by some of the intervals and grades intersected among these ten holes, including: 47.0 metres grading 2.01 grams per tonne gold equivalent in TDH-07 and 23.5 metres grading 1.32 grams per tonne gold equivalent in TEN 17-05."

          Weighted
Average
Gold
Weighted
Average
Silver
Weighted
Average
Gold
Equivalent*
Location Hole Number From To Total Grade Grade Grade
    (m) (m) (m) (g/t) (g/t) (g/t)
Masuparia TEN 17-09 66.5 69.5 3.0 0.19 10.1 0.42
  TEN 17-10 25.5 30.0 4.5 0.42 7.9     0.52
    33.0 37.5 4.5 0.45 2.6 0.48
    58.5 81.0 22.5 0.35 4.3 0.40
    144.5 147.5 3.0 1.31 50.3 1.99
    159.5 162.5 3.0 0.65 5.5 0.72
    170.0 194.0 24.0 0.31 3.7 0.36

* Gold Equivalent where silver grade is converted to gold grade at 75 g/t Ag = 1 g/t Au and 15.3 lbs Cu = 1.0 g/t Au.
Lengths shown are core lengths versus perpendicular true length of mineralized intersections.

Drill Hole TEN 17-09

Drill hole TEN 17-09 is located 100 m north of hole TEN 17-05 which assayed 0.63 g/t gold Eq over 27.0 m and 1.32 g/t gold Eq over 23.5 m. It appears the north-northwest trending Metalito structure was intercepted from 66.50 to 71.0 m, a 3.0 m portion of which averaged 0.42 g/t gold Eq. It is possible this structure pinches in this area or has been displaced due to faulting (refer to the Company's website for a surface map illustrating the surface collar location and a section illustrating the angle and depth of the drill hole under the 'Projects' section; 'Maps, Images and Photographs' dated the date of this press release). Further exploration, possibly with the assistance of surface geophysics oriented perpendicular to the strike of the Metalito structure may assist in better understanding the location and dimensions of controls to mineralization in this area. Although the structure is narrower in this drill hole and is absent the mineralized pyrite stringers which carried gold in other intersections along this structure, the structure remains open towards the north for at least an additional 400 metres, as evidenced by surface mapping and sampling.

Drill Hole TEN 17-10

Drill hole TEN17-10 targeted the intersection between the south-southeast extension of the Metalito structure and the southeastern extension of the same northwest trending feature targeted in drill hole TEN 17-09 (above), 50 metres south of drill hole TDH-07 and drill hole TEN17-04 (refer to the Company's website for a surface map illustrating the surface collar location and a section illustrating the angle and depth of the drill hole under the 'Projects' section; 'Maps, Images and Photographs' dated the date of this press release). The hole intercepted two 3.0 m, 0.72 and 1.99 g/t gold Eq intersections plus two lengthy 22.5 and 24.0 m intersections with an average grade of 0.40 and 0.36 g/t gold Eq, respectively. Gold was associated both with and without mineralized pyrite stringers occurring in some cases over as much as 30 m of core.

The Company believes this junction area of the Metalito and east-west structure has good potential to build a gold resource with additional in-fill drilling. In addition, hole TEN17-10 ended (from 207.80 to 243.85 m depth) in what appears to be a potassic altered, magnetic feldspar porphyry intrusive. Company geologists believe that the intersection of this unit opens the possibility of a gold-copper porphyry target at depth.

Other Corporate News

The Company has settled debts totaling $92,000 owed to the President and CEO (this debt is not an accrual), via the issuance of 1,8400,000 common shares of the Company. The debt settlement is subject to final TSX-V approval. The securities to be issued are subject to a hold period of four months from the date of issuance.

The Company also wishes to clarify its press release dated March 31, 2017. The press release referenced the closing of a non-brokered private placement for gross proceeds of $226,000. In the press release the Company announced it had paid a finder's fee of $3,600 in cash and issued 45,000 common shares. It in fact paid $3,600 in cash and issued 45,000 warrants exercisable at $0.12 until September 18, 2018.

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. Please refer to the Company's website under the "Projects" section for a description of the Company's complete QA/QC procedures.

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., or contact Thomas Atkins, President and CEO at:416 509-4326

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. 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. Please refer to the Company's website at the following link: http://www.mammothresources.ca/s/FAQ.asp to review the Company's complete forward looking statement.
 
#April 26, 2018
Mammoth Intersects 58.2 Metres Grading 0.8 Grams Per Tonne Gold Equivalent In Diamond Drilling At Its Tenoriba Precious Metal Property, Mexico

 Toronto, Canada (April 26, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company") is pleased to announce results from two additional diamond drill holes on its Tenoriba precious metal property in the Sierra Madre region of southwestern Chihuahua State, Mexico. Mammoth is also restating and supplementing results for hole number TEN 17-07 which had previously been announced on April 12, 2018.

Results are for the two additional holes in the Los Carneritos area of the property; holes TEN 17-06 and TEN 17-08. These diamond drill holes at Los Carneritos extends the strike length of gold mineralization on the property a total of almost four kilometres within a High Sulphidation system with mineralization open at least one kilometre both to the east and west of this four kilometre trend where gold has been sampled on surface. Drill hole TEN 17-06 averaged 126.8 metres grading 0.52 grams per tonne ("g/t") gold equivalent ("gold Eq"), including a higher grade intersection of 58.2 metres grading 0.80 g/t gold Eq of which 25 metres of this interval averaged 1.21 g/t gold Eq.

Results are shown in the table below. Drill hole surface locations and drill cross sections illustrating the location and depth of the mineralized intervals relative to geophysical and topographic features are available on the Company's website under the 'Projects' section; 'Maps, Images and Photographs'.

Thomas Atkins, President and CEO of Mammoth commented on these results stating: "We again have intersected some very impressive lengths and grades of gold mineralization at Tenoriba. In the Carneritos area, holes TEN 17-06, 07 and 08 test different targets separated by 180 to as much as 750 metres one from another.

"Hole TEN 17-06 had the best intersection among the three holes drilled at the Carneritos area with an impressive 126.8 metres grading 0.52 gram per tonne gold equivalent of which within this interval assayed a lengthy 58.2 metre interval grading 0.80 grams per tonne gold equivalent.

"Hole TEN 17-08 is located 750 metres east of TEN 17-06 and although the hole had to be abandoned due to technical difficulties at 102 metres of a planned 200 metres to test the target at this location, the portion of the core recovered assayed 14.9 metres grading 0.62 grams per tonne gold equivalent.

"We believe the potential to step-out and extend mineralization from any of these holes is high based on surface geology and gold in samples collected in the vicinity of these holes. The Carneritos area is on the eastern end of a four kilometre approximate east-west oriented trend of gold with minor silver mineralization at Tenoriba tested in this drill program and represents an approximate one kilometer extension to the prior, eastern-most drilling on the property."


            Weighted
Average
Gold
  Weighted
Average
Silver
Weighted
Average
Gold
Equivalent*
Location Hole Number From To Total Grade Grade Grade
    (m) (m) (m) (g/t) (g/t) (g/t)
Carneritos TEN 17-06 43.7 170.5 126.8 0.47 7.2 0.52
  (including) 70.7 129.0 58.2 0.73 3.9 0.80
  (including) 70.7 95.7 25.0 1.10 2.7 1.21
  (including) 95.7 111.0 15.0 0.51 0.4 0.54
  TEN 17-07 11.5 53.5 42.0 0.21 5.0 0.28
    65.5 78.0 12.5 0.33 2.4 0.36
  TEN 17-08 52.5 67.4 14.9 0.58 3.1 0.62
* Gold Equivalent where silver grade is converted to gold grade at 75 g/t Ag = 1 g/t Au and 15.3 lbs Cu = 1.0 g/t Au. Lengths shown are core lengths versus perpendicular true length of mineralized intersections.

TEN-17-06

Drill hole TEN 17-06 is located 160 metres ("m") north and 100 m west of hole TEN 17-07 which assayed 0.28 g/t gold Eq. over 42.0 m and 0.36 g/t gold Eq over 12.5 m. Hole TEN 17-06 was collared near Carneritos channel T3, which assayed 1.07 g/t gold Eq over 15.7 m. Mineralization in this hole is within a fractured and occasionally brecciated and vuggy textured crystalline lithic tuff with presence of remnant alteration clays and from 3 to 5% pyrite in numerous shallow to high angle micro. TEN 17-06 has a 126.8 m interval assay 0.52 g/t gold Eq of which within this interval there was a 58.2 m section assaying 0.8 g/t gold Eq. This intersection remains open in all directions. Additional geophysics is planned as follow up to the success of the holes drilled in the Los Carneritos area with the survey to extend east of the current geophysics survey where gold has been sampled in various outcrops. Please refer to the Company's website under the 'Projects' section; 'Maps, Images and Photographs' for a drill hole locations and drill sections.

TEN-17-08

Drill hole TEN 17-08 is located 750 m from the collar of hole TEN 17-06 (400 m west and 400 m south) and 700 m (500 m west and 200 m south) of hole TEN 17-07 which assayed 0.28 g/t gold Eq. over 42.0 m and 0.36 g/t gold Eq over 12.5 m. Hole TEN 17-08 was abandoned early and shallower than originally planned due to technical difficulties and as such failed to fully test the geophysical feature at this target area, however did still report a 14.9 m interval assaying 0.62 g/t gold Eq. Mineralization occurred within fractured iron oxide stained weak to moderately silicified and brecciated feldspathic phyric tuff. Mammoth expects to return to this area in the future to attempt another hole at a slightly different orientation to further test this target and attempt to extend the mineralization encountered at this location. Please refer to the Company's website under the 'Projects' section; 'Maps, Images and Photographs' for a drill hole locations and drill sections.

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. Please refer to the Company's website under the "Projects" section for a description of the Company's complete QA/QC procedures.

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., or contact Thomas Atkins, President and CEO at:416 509-4326

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. 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. Please refer to the Company's website at the following link: http://www.mammothresources.ca/s/FAQ.asp to review the Company's complete forward looking statement.
 
#April 12, 2018
MAMMOTH INTERSECTS 45.4 METRES GRADING 0.63 GRAMS PER TONNE GOLD EQUIVALENT IN DIAMOND DRILLING AT ITS TENORIBA PRECIOUS METAL PROPERTY, MEXICO

 Toronto, Canada (April 12, 2018) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company") is pleased to announce results from two additional diamond drill holes on its Tenoriba precious metal property in the Sierra Madre region of southwestern Chihuahua State, Mexico. The results are for the third hole in the Masuparia area of the property; TEN 17-04, and the first hole ever to be drilled at the Los Carneritos area of the property; TEN 17-07, located 800 metres northeast of hole TEN-04. The intersection at Los Carneritos extends the strike length of gold mineralization on the property a total of almost four kilometres within a High Sulphidation system with mineralization open at least one kilometre both to the east and west of the four kilometre trend where gold has been sampled on surface.

Results are shown in the table below. Drill hole surface locations and drill cross sections illustrating the location and depth of the mineralized intervals relative to geophysical and topographic features are available on the Company's website under the 'Projects' section; 'Maps, Images and Photographs'.

          Weighted
Average
Gold
Weighted
Average
Silver
Weighted
Average
Gold
Equivalent*
Location Hole Number From To Total Grade Grade Grade
    (m) (m) (m) (g/t) (g/t) (g/t)
Masuparia TEN 17-04 0.0 10.0 10.0 1.12 0.1 1.13
    45.1 90.5 45.4 0.53 0.1 0.63
  (including) 45.1 59.8 14.7 0.61 0.2 0.86
  (including) 72.5 90.5 18.0 0.78 0.1 0.83
Los Carneritos TEN 17-07 11.5 50.5 39.0 0.21 0.1 0.28

* Gold Equivalent where silver grade is converted to gold grade at 75 g/t Ag = 1 g/t Au and 15.3 lbs Cu = 1.0 g/t Au.
Lengths shown are core lengths versus perpendicular true length of mineralized intersections.

Thomas Atkins, President and CEO of Mammoth commented on the drill results stating: "We're very pleased with these two holes to have intersected gold mineralization in the Los Carneritos area almost one kilometer to the east of any prior drilling on the property and to have extended mineralization by at least 100 metres to the west of prior drilling in the Masuparia area.

"Drill hole TEN 17-04 is a step-out hole more than 100 m west of hole TEN 17-05 in the Masuparia area of the property where among other intersections announced on March 1st from hole TEN 17-05 there occurred 0.63 grams per tonne gold equivalent over 27 metres and 1.32 grams per tonne gold equivalent over 23.5 metres. Drill hole TEN 17-05 is a 50 metre step out to the northwest of hole TDH-07 which was drilled in 2008 and which assayed 2.35 grams per tonne gold equivalent over 47 metres, including 5.33 grams per tonne gold over 4 metres. The structure intersected in these holes can be followed on surface for a strike length of 800 metres to the north and may also intersect an approximate 500 metre east-west geophysical feature in this area.

"To intersect 39 metres of a grade that is almost twice the cut-off grade for economically producing heap leach gold mines in Mexico in the first drill hole ever drilled into the Los Carneritos area in hole TEN 17-07 is a terrific success. Los Carneritos is located almost four kilometers to the east of the furthest western drill hole from this program at El Moreno. What's particularly encouraging about this hole was the abundance of vuggy silica in the core, vuggy silica being a strong indicator of the elevation for gold mineralization within High Sulphidation systems.

"Gold mineralization remains open to the east and west for at least another kilometer in from the Los Carnertitos and El Moreno areas, respectively. Mammoth expects to drill another two to three holes within the large one by one and a half kilometre area of Los Carneritos to test other targets as part of the current drill program."


TEN-17-04

Drill hole TEN 17-04 is a 50 m step out to the northwest of hole TDH-07 drilled in 2008 which assayed 2.35 g/t over 47 m, including 5.33 g/t gold over 4 m. It is believed the structure(s) intersected in holes TDH-07, TEN 17-04 and TEN 17-05 can be followed sporadically on surface via old artisanal workings, trenches and outcrops for a strike length of 800 m to the north and is part of an approximate 600 metre corridor of mineralization and geophysical features in this same area. Mineralization in this area remains open in all directions and is only covered by 600 metres east to west of geophysics. Additional geophysics is planned as follow up to the success of these holes.

TEN-17-07

Drill hole TEN 17-07 is the first drill hole ever drilled into the Los Carneritos area, a larger 1.5 kilometre by 1.0 kilometre area in the eastern end of the area covered by geophysics (only 40% of the property has been covered by ground surveyed magnetic and induced polarization geophysics). Los Carneritos is located almost four kilometers to the east of the furthest western drill hole from this program at El Moreno (refer to surface dril hole location maps for the property available on the Company's website under the 'Projects' section 'Maps, Images and Photographs'). What is particularly intriguing about this hole was the abundance of vuggy silica and crystalline dickite clay in the core. Both vuggy silica and the development of crystalline alteration clays are strong indicators of the elevation for gold mineralization and degree of hydrothermal alteration, respectively within High Sulphidation systems. Mammoth will be following up with at least two to three more drill holes testing other targets in the Carneritos areas as part of the current drill program.

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. Please refer to the Company's website under the "Projects" section for a description of the Company's complete QA/QC procedures.

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., or contact Thomas Atkins, President and CEO at:416 509-4326

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. 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. Please refer to the Company's website at the following link: http://www.mammothresources.ca/s/FAQ.asp to review the Company's complete forward looking statement.
 

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