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

News Releases

#January 12, 2021
MAMMOTH ANNOUNCES $600,000 PRIVATE PLACEMENT FINANCING

 Toronto, Canada (January 12, 2021) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") would like to announce a non brokered private placement (the "Private Placement") of up to 6,000,000 common shares of the Company at an offering price of $0.10/share, pricing of which represents a 20% discount from the 5-day volume weighted average share price (VWAP) of $0.13 per share and a 15% discount from the 10-day VWAP of $0.12 per share of Mammoth shares trading on the TSX Venture Exchange (the "Exchange").

The use of proceeds from this financing will be used to primarily fund the Company's PhD geologist review of the Tenoriba project, fund 3D modelling of combined historical IP-Mag geophysical, surface and drill data, an infill IP/Mag geophysical survey on the 60% of the mineralized area on the project not covered by the historical survey and perform some confirmation mapping and sampling, which Company geologists feel are necessary prior to the selection of drill targets as part of its 50-hole, 7,500 metre drill program. This drill program is planned to commence at the end of the current calendar quarter. The Company recently announced receipt of authorization to drill up to 139 drill site locations at Tenoriba and has all surface access permissions to perform all surface work, including the planned drill program.

Thomas Atkins, President and CEO of Mammoth commented on the Private Placement, stating: "We've priced this financing where we believe it should be attractive enough to allow us to quickly raise the needed funds and soon commence our planned exploration activities at Tenoriba. At the offering price, and with the majority of the funds from this financing directed towards this work, Mammoth's market capitalization will still be significantly less than amounts spent at Tenoriba. We're confident the work planned from the proceeds from this financing will enhance our ability to select compelling drill targets over the 5 kilometres of known mineralization at Tenoriba. We're set to commence this work within days, and indeed a number of these activities are already underway, allowing this work to be concluded in the next couple of months whereby we can begin drilling before the end of the first quarter of this year. We look forward to reporting on results form the various exploration activities over the coming weeks."

This Private Placement is available to accredited investors. Securities issued under this Private Placement will be subject to a four-month hold period. In accordance with the requirements of the Investment Dealer Exemption, the Company confirms there is no material fact or material change related to the Company which has not been disclosed. The Private Placement is subject to receipt of all required regulatory and Exchange approvals. The Company may pay a finder's fees on a portion of the Private Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Anyone interested in participating in this financing are encouraged to contact Thomas Atkins, President and CEO of Mammoth at: tr_atkins@rogers.com or by telephone at: 416 509-4326.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333 hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on 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.

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.
 
#January 06, 2021
Mammoth Receives Drill Permit For 139 Drill Locations On Its Tenoriba Gold Property, Mexico

 

Toronto, Canada (January 6, 2021) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to announce that Mexican environment ministry; Secretaría del Medio Ambiente y Recursos Naturales (SEMARNAT) has approved Centerra's previously announced drill permit application on Mammoth's 100% owned Tenoriba gold-silver property located in the prolific Sierra Madre precious metal belt, Mexico. Following this drill permit approval and the recently announced two year surface access agreements (refer to press releases dated November 5, and December 21, 2020), Mammoth has all permissions required to drill up to 139 drill hole locations on the eastern half of the 6 kilometre trend of surface gold-silver mineralization (refer to Figure 1 at the end of this release - "Location Map, Geology-Chip/Channel, 2008/2018 Drilling and Centerra Proposed Drilling" for the location of these 139 drill sites also available on Mammoth's website, "Projects", "Maps, Images and Photos": http://www.mammothresources.ca/s/ProjectImages.asp). Mammoth is required to transfer the Centerra permit approval to itself and this transfer is underway and is expected to imminently be completed.


Thomas Atkins, President and CEO of Mammoth commented on the receipt of this drill permit, stating: "Since the recent announcement two weeks ago wherein Mammoth received surface access approval from the second of two ejidos enabling surface access on the Tenoriba project, Mammoth is now in receipt of the drill permit to drill up to 139 locations at its Tenoriba gold-silver property. All permissions are now in hand to enable Mammoth drilling Tenoriba. We'll soon begin our in-fill geophysics survey intended to cover most of the 60 percent of the surface mineralized area mapped, sampled and drill tested over as much as 6 kilometres of strike length not covered in Mammoth's initial geophysics program. Data from this in-fill survey will be integrated into a 3D interpretation of historical geophysical data which will include all surface and drill data and this data will be integrated into the recently completed third-party PhD geologist review of Tenoriba thus providing Mammoth geologists the best picture of the drill target opportunities at Tenoriba. With this combined information Mammoth will target its initial 50-hole drill program expected to commence prior to the end of the first quarter 2021. We feel it's likely we'll submit an additional drill permit application to cover drill targets in the western half of the 6 kilometres trend of mineralization, not covered in this permit approval, once we've incorporated all the information from this soon to begin surface program."


Having gained surface access approval in late December from the second of two communities (ejidos) governing surface access at Tenoriba, Mammoth will soon initiate its drill targeting confidence program, including in-fill geophysics and some additional confirmation mapping and sampling. The in-fill IP-Mag geophysics survey is intended to cover most of the 60 percent of the remaining surface mineralized area mapped, sampled and drill tested over an approximate 6 kilometre strike length of mineralization at Tenoriba, not covered in Mammoth's initial geophysics program. Data from this in-fill survey will be incorporated into the 3D interpretation of the historical IP-Mag survey, currently underway. The combination of geophysics, surface and drill data into the 3D model coupled with observations and recommendations from the recent project review by a third-party PhD geologist, will enable Company geologists to have the best picture of the drill target opportunities along this 6 kilometre strike length from which the first 50 drill holes of a planned extensive drilling program at Tenoriba will be targeted. Mammoth plans to commence this drill program before the end of the first quarter 2021. Once all this information is reviewed and additional drill targets identified, it's likely Mammoth will apply for an extension of the currently approved drill permit enabling the Company to test additional targets in the western half of the 6 kilometre trend of mineralization at Tenoriba.


Mammoth will announce results from these additional activities once results are available.


About Mammoth Resources:


Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on 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. 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.


Figure 1 - Location Map, Geology-Chip/Channel-2008/2018 Drilling and Centerra Proposed Drilling
(permitted drill locations are identified by grey diamonds on the map)

 
#December 21, 2020
MAMMOTH RESOURCES SECURES TWO YEAR SURFACE ACCESS AGREEMENTS AT TENORIBA PROJECT, MEXICO AND PROVIDES AN UPDATE ON OTHER PROJECT AND CORPORATE ACTIVITIES

 Toronto, Canada (December 21, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to announce that following a community meeting held yesterday, Sunday, December 20, 2020, the second of the two communities (ejidos) upon which the Company's 100% owned Tenoriba gold-silver exploration project resides, voted in favour of a two-year surface access agreement to conduct exploration activities at Tenoriba. The first of the two ejidos had previously granted authorization to conduct such activities, announced in a press release dated November 5, 2020. With the Company and the two ejidos reaching agreement on this surface access, Mammoth is free to advance its exploration activities and execute on its plans to further drill test the approximate 4 to 6 kilometres of gold-silver mineralization at Tenoriba subject to approval of the drill permit application to drill up to 139 drill locations. Mammoth expects to announced approval of this drill permit application in the near future.

Commenting on having gained this surface access, Thomas Atkins, President and CEO of Mammoth stated: "We're very pleased to have this vote of confidence from the second of the two ejido communities for surface access to explore the Tenoriba property for the next two years. This access in place enables Mammoth to conduct its exploration activities while doing so offer employment to numerous community members coincident with these exploration activities. Mammoth is also pleased to announce that during the term of the agreements the Company will be making contributions towards a number of community benefit programs and looks forward to reporting on these contributions. Mammoth will also be providing assistance to a number of the most vulnerable inhabitants of both ejidos. Mammoth greatly appreciates this vote of confidence and looks forward to working with these communities."

Given the timing of this announcement with the holiday season I would be remiss if I didn't also take this opportunity, on behalf of all of Mammoth's employees, to wish a happy holiday to the Company's many stakeholders and I wish these same people a healthy, happy and prosperous 2021!"

Update on Other Project and Corporate Activities:

As previously announced on November 5, 2020, Mammoth engaged the services of a PhD geologist with extensive experience in Low, Intermediate and High Sulphidation epithermal precious metal systems to review all historical data from the Tenoriba property. This consultant has reviewed this data and spent close to a week at the project observing surface features and mapping historic drill core. Mammoth expects to announce the results of this review, including recommendations on future exploration opportunities and activities, early in the new year. Once available the report will be posted to the Company web site.

The Company is also pleased to announce that it has entered into a consulting agreement with Ms. Sandra Evans to provide services to the Company as its new Chief Financial Officer. Ms. Evans is a financial professional with 30 years experience in the energy, mining and manufacturing industries, both domestically and internationally. Her skills incorporate all levels of controllership, treasury and internal control governance. Her work, with a variety of highly successful international exploration and production companies, has demonstrated her ability to work across cultural differences and language barriers to deliver sound financial products and controls. Ms. Evans is a CPA, CGA trained accountant and has previously served as the CFO for several TSX.V listed companies. Ms. Evans has over 15 years of experience in the oil and gas and mining sectors with responsibility for business plans, budgetary control, audits, project management and International Financial Reporting Standards and their application to multi-national teams. The Company is pleased to have Ms. Evans join Mammoth and warmly welcomes her to the team. The Company is issuing 100,000 options to Ms. Evans at today's closing share price.

Mammoth would also like to take this opportunity to thank outgoing Chief Financial Officer, Errol Farr for his services with the Company since 2012, including his assistance in transitioning Ms. Evans to her new position. The Company wishes Mr. Farr the very best in his future endeavours.

Please take note that Mammoth President and CEO Thomas Atkins attended the Spotlight Mining Christmas Bonanza virtual conference this past Thursday, December 17th and a replay of Mr. Atkins' presentation can be viewed at: https://www.youtube.com/watch?v=8QQzr9JfcwY&feature=youtu.be. Mr. Atkins' presentation begins at 3:00:28 of this replay.

The Company would like to announce it has issued 100,000 stock options at at today's closing share price to a third-party contractor, activities of which are unrelated to any geological or evaluation activities.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exp. loration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on 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. 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.
 
#November 25, 2020
FUNDAMENTAL RESEARCH ISSUES RESEARCH REPORT ON MAMMOTH RESOURCES - $0.27/SHARE RECOMMENDATION

 Toronto, Canada (November 25, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to announce that Fundamental Research has issue a research report on Mammoth that can be accessed for your review at the following link: https://www.researchfrc.com/wp-content/uploads/2020/11/MTH-Nov-2020-Update.pdf.

It should be noted that FRC is a paid research firm, however the firm's research and recommendations are its own and without the influence of Mammoth.

Mammoth encourages you to have a look at this report and judge for yourself its integrity and the recommendations therein.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on 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.
 
#November 12, 2020
MAMMOTH RESOURCES MINES AND MONEY "5@5" PANEL DISCUSSION AVAILABLE ON REPLAY

 Toronto, Canada (November 12, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to announce that for those who may not have been able to attend the live Mines and Money "5@5" panel discussion recorded live last Thursday November 5th, focused on gold and the US election results, including Mammoth President and CEO Thomas Atkins discussing Mammoth's Tenoriba gold-silver project located in the Sierra Madre precious metal belt is available on replay. Please click on the link: https://youtu.be/qdJTqSQy04M. Thomas Atkins speaks about Mammoth 40 minutes into the segment.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on 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. 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.
 

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