VANCOUVER, Oct. 24, 2017 /CNW/ - Black Mammoth Metals Corporation (TSX-V: BMM / Frankfurt: LQK / OTCBB: LQRCF) ("Black Mammoth" or the "Company") is pleased to announce results from its recent rock geochemical sampling program at the Company's Blanco Creek gold property in central Idaho. Seventeen rock samples were collected and delivered to ALS Global for analysis, in an effort to confirm and expand on the property's historical rock sample results. The samples were collected primarily from quartz veins located along the Blanco Creek Shear Zone focusing on three main target areas located near the historic Alberta Mine, Hercules Mine and the Pasadena Mine.
The recent samples confirm historical gold and silver values found in 1980's and 1990's vintage data acquired with the property. The samples lay the groundwork to establish a level of continuity of precious metal mineralization along the 3550 metre (11,644 foot) strike length of the Alberta -Hercules-Pasadena vein system. The sample results also indicate that gold mineralized veins parallel to the main veins are present on the property.
Gold values ranged to a high of 27.1 grams per tonne (g/t), while silver values ranged to a high of 290 g/t. Four of the seventeen samples assayed higher than 5 g/t gold. Gold and silver values on the property tend to cluster around the old mine areas, which is partly due to the availability of exposed rock to sample. Lead is consistently elevated in the mineralized portions of the veins. Antimony, copper and molybdenum show erratic weakly anomalous values in the gold/silver mineralized areas while arsenic and mercury values are low. The following table highlights the significant gold and silver values from this recent sampling program:
|
Sample |
Gold ≥ |
Silver ≥ |
Description |
|
0.5 g/t |
5 g/t |
||
|
FD01 |
0.919 |
14.7 |
Outcrop chip of milky quartz vein with pyrite. |
|
FD02 |
11.25 |
79.3 |
Outcrop chip of milky quartz vein with pyrite. |
|
FD03 |
0.611 |
Outcrop chip of milky quartz vein with iron oxide in schist. |
|
|
FD04 |
0.697 |
15.6 |
Outcrop chip of milky quartz vein in the lower Hercules area. |
|
FD05 |
1.37 |
Outcrop chip of milky quartz vein. |
|
|
FD07 |
5.75 |
48.5 |
Dump sample of milky quartz vein. |
|
FD09 |
27.1 |
290 |
Trench sample of milky quartz vein with iron oxide. |
|
FD11 |
6.12 |
12.9 |
Outcrop chip of milky quartz vein. |
|
FD16 |
1.075 |
Outcrop chip of milky quartz vein. |
|
|
FD17 |
0.542 |
Outcrop chip of milky quartz vein. |
Rock sample location maps, sample descriptions and assay certificates are located on the Company's website along with maps showing the claim position, veins, workings, roads and proposed drill holes.
Plan of Operations:
Black Mammoth completed a thorough review of the extensive data obtained with the property. Field examination of the mineralized areas was completed concurrently with this review in order to evaluate potential drill targets. Based on these reviews, ten drill pad locations were selected to facilitate drilling multiple holes from each pad location and in early August a Plan of Operations was filed with the U.S. Forestry Service office in Grangeville, Idaho ("USFS"). The Company's personnel have met with the USFS field specialists on the property and the proposed Plan of Operations is currently under review.
Sampling:
The samples from this program were collected and delivered to ALS Global in Elko, NV by Mark J. Abrams, CPG. The samples were analyzed using Au-ICP21 for gold (30g FA – Gravimetric Finish) and ME-ICP 41 (35 Multi-element Aqua Regia digestion).
Mark J. Abrams, CPG, Non-Independent Qualified Person as defined by NI 43-101 and Director of Black Mammoth prepared and approved the technical information contained in this news release.
About Black Mammoth Metals Corporation:
Black Mammoth has assumed a long-term lease with option to purchase for a 100% interest, subject to underlying royalties, in the Blanco Creek gold property in central Idaho. The Property has road access and consists of 40 Unpatented Federal Lode Claims hosting three historic underground mines along 3550 meters (11,644 feet) of strike on the north-east trending regional Blanco Shear Zone. Exploration by two previous operators identified a geological target for the Blanco Creek property in the order of 1.7 to 2.48 million tons, grading 0.20 to 0.33 oz/ton Au (1.54 to 2.24 million tonnes, grading 6.85 to 11.31 g/tonne Au); see the Company's press release dated February 14th, 2017.
Black Mammoth cautions investors to note the potential quantity and grade of the geological target are conceptual in nature. A qualified person has not done sufficient work to classify the geological target as mineral resources as defined by NI 43-101, and it is uncertain if future exploration will result in the target being delineated as mineral resources.
