Mammoth Resources – Updates On The Recent Capital Raise, Ground Work & Geophysics, And Upcoming Drill Program
Thomas Atkins, President and CEO of Mammoth Resources (TSX.V:MTH – OTC:MMMRF) joins us for an update on recent Company news. We start by reviewing the recent upsizing of the capital raise to $2.85 million, from $2 million, as per the June 9th press release. Thomas highlights the 4 primary targets the Company has identified at the Tenoriba Project, in Mexico, which include the Central and East zones. These target shave been prioritized based on the recent IP and MAG Geophysics, over 3,000 soil Geochem samples, over 1,000 rock chip and channel samples, and in connection with prior drill results. The plan is to put 3-5 drill holes in each of these targets in the upcoming exploration program.
If you have any follow up questions for Thomas regarding Mammoth Resources, please email us at fleck@kereport.com or shad@kereport.com.
Click here for the summary of the recent news out of Mammoth Resources.
No US symbol that I know of, but looks like good drill results.
Thanks for the symbol
Got some E79.
Cerrado drills 23.46 m of 3.38 g/t Au at Monte do Carmo
2021-06-14 06:46 ET – News Release
Mr. Mark Brennan reports
CERRADO GOLD INTERCEPTS 23.5M AT 3.4G/T AU, 4.2M AT 17.2G/T AU AND 18.8M AT 3.4G/T AU FROM FINAL ASSAY RESULTS FROM ITS PHASE 1 DRILLING PROGRAM AT MONTE DO CARMO PROJECT IN BRAZIL
BBLR
Bluestone drills 140m of 1.1g/t Au, 8.2g/t Ag at Blanco
That’s a nice long gold intercept from Bluestone Resources.
I am back in. Many good widths in the report.
Yeah, the Bluestone team has been moving things along and continuing to grow their already substantial project. Looking good…
8 mcap, 3m for drilling, landpackage and still cheap. Me likey.
Great interview and this summer drill program is definitely worth the wait.
Slow overal sector right now and volume drying up in MTH, if you look at the trading days of Mammoth. Last week there was some selling pressure but everything offered has been consumed. Good to see the share price still well above the PP price.
Hi Argentum. Good thoughts on Mammoth Resources, and yes, it is nice to see the investor interest was there for upsizing the capital raise, and that the stock has had a good amount of buying coming in that has kept the share price above the private placement price. Investors are keen to get behind good projects with good prospectivity to hit with the drill bit. Wishing Thomas and the team good fortune with the upcoming drill season.
50% tap in the fib retrace is a given but the suckers want 61.8% we will tap $1802 at the minimum of course in glens opinion. The question will be, will that break that solid trend line that all the miners are hanging onto?
For example impact silver is hanging on to . 72-.74 for a long time. Same with brixton .19 forever. Same with imo t .12.5 forever etc etc with galeón .20…
The question is if it breaks lower gold will those hold?
I sure hopes so.. they showed strength today vs the drop but if we get another hard drop I’m not sure.
Glen
The mm’s are scum and we can have a hard drop and get ready as Gary has also suggested into Wednesday. I mentioned Friday we should turn!
Make no mistake we are headed higher the bottom is in barring armegdon but the miners keep dropping and at some point need to break out hard..
Glen.
(AGI) Alamos Gold Reports Best Hole Drilled to Date at Island Gold (71.21 g/t Au over 21.33 m true width), Extending High-Grade Gold Mineralization Down-Plunge from Existing Mineral Resources
15 Jun 2021
https://ceo.ca/@nasdaq/alamos-gold-reports-best-hole-drilled-to-date-at-island
Off topic:
E79 Resources drills 11.1 m of 160.46 g/t Au at Happy
2021-06-14 09:13 ET – News Release
Mr. Rory Quinn reports
E79 RESOURCES DRILLS 11.10M OF 160.45G/T GOLD AT THE HAPPY VALLEY PROSPECT, VICTORIA, AUSTRALIA
E79 Resources Corp (ESVNF)