Mammoth Resources: Precious Metal Resources in Mexico
Focused on acquiring and defining precious metal resources in Mexico
Mammoth Resources is a mining exploration company. They are focused on acquiring and defining precious metal resources in Mexico as well as other geologically attractive, mining friendly jurisdictions in the Americas.
Mammoth holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from the 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. Further, they are 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.
Previous exploration activity on the property included the expenditure of $2.0 million during 2007-2008 by Masuparia Gold Corporation (the previous optioning party), including an initial 15 diamond drill holes totaling 2,566 metres. (all of the core from this drilling is available at the on-site exploration camp) and 2,586 geochemical soil and rock chip samples.
“We’re surrounded by multi-billion dollar companies with multi-million ounce projects,” says President and CEO, Tom Atkins.
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