Black Mammoth Metals Acquires Ramsey Silver Property, AZ

Executive Summary

• Black Mammoth Metals Corp. completed the acquisition of the Ramsey Silver property in La Paz County, AZ for a total cash consideration of $42,000.
• The property hosts significant historic and recent silver mineralization, highlighted by a best drill intercept of 44.4 m grading 62.5 g/t Ag (true width ~35 m) and a broader zone averaging 42.6 g/t Ag over 88.4 m (true width ~70 m).
• No royalties or additional compensation are attached to the acquisition, giving Black Mammoth 100 % ownership and immediate access to an extensive data package for further evaluation.

Key Details

• Acquisition Scope: 2 patented claims + 12 federal lode claims on BLM land; total area ≈ 100 ha (247 acres).
• Purchase Price: US$30,000 for the patented claims; US$12,000 for the BLM claims; total cash outlay US$42,000.
• Royalty Structure: 0 % royalty – Black Mammoth holds the property free‑and‑clear.
• Location: Foothills of the New Water Mountains, ~6 km SW of Brenda, AZ; within the historic Plomosa Mining District (Sonora Desert, Basin & Range physiographic province).
• Historical Context: Adjacent to the historic Ramsey mine; prior drilling (1960s) and recent 2016‑2018 work identified strong surface geochemical anomalies.
• Best Drill Intercept (R1706, 2017 RC):
• 44.4 m @ 62.5 g/t Ag from 79.4 – 123.5 m depth; approx. true width 35 m.
• Within a wider silver zone from 64 – 152.4 m: 88.4 m @ 42.6 g/t Ag (true width ~70 m).
• Drill Orientation: Hole R1706 drilled at –75° bearing, 60° azimuth on patented ground; may intersect periphery of a silver‑bearing hydrothermal system.
• QA/QC Procedures: Chain‑of‑custody handled by ALS Minerals; samples processed to 70 % passing 2 mm, split, pulverized to 85 % passing 75 µm; four‑acid digestion and ICP/MS analysis for 48 elements; high‑grade intervals re‑assayed via fire assay.
• Future Plans: Commence comprehensive review of the data package and on‑site evaluation to assess open‑pit potential given near‑surface mineralization.
• Additional Activity: Company continues acquiring non‑core exploration interests in the western U.S. through purchases and staking.

Notable Quotes

“Black Mammoth looks forward to commencing a complex review of the Ramsey data package and an on‑site evaluation of this high prospective property.” – Dustin Henderson, President & CEO

Materiality Assessment: Material – Positive (the acquisition adds a potentially economically viable silver asset with disclosed high‑grade intercepts, expanding Black Mammoth’s portfolio at minimal cost.)