Mammoth Reports Encouraging Assay Results from Tenoriba Project, Mexico

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Mammoth Resources Corp. (MTH.V) reported assay results for its most recent exploration campaign on the company's Tenoriba Property, located in the prolific Sierra Madre precious metal belt in south western Chihuahua state, Mexico.

Surface rock samples taken during the company's fourth exploration campaign mapping and sampling at Tenoriba continue to return encouraging highly anomalous channel samples and the occasional grab sample which in many instances assay in excess of 10 grams per tonne (gpt) gold and 50 gpt silver.

Mammoth President and CEO, Thomas Atkins, commented on the results from this fourth exploration campaign stating: "Of approximately 400 samples collected and assayed to-date at Tenoriba, the company has returned fantastic results. At the Los Carneritos Area where vuggy silica and brecciated volcanic rocks have been observed in surface outcrops over an approximate 1.5 by 0.75 kilometre area 74% of 146 samples have returned grades of gold in excess of 0.3 grams per tonne gold equivalent with results assaying as high as 26.1 grams per tonne gold in a grab sample from the area."


MTH shares fell three cents to $0.06 on volume of 13,000.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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