Black Mammoth Metals Finds Chargeability Anomaly at Happy Cat South Gold Target, NV

Executive Summary

• Black Mammoth Metals reported a chargeability and resistivity anomaly coincident with a gravity high at the Happy Cat South target in Nevada, indicating a potentially significant new drillable zone.
• The company also staked 66 additional unpatented lode claims (≈551 ha) on BLM‑managed lands adjacent to its South Ravenswood property.
• Plans are underway to conduct inversion modelling and other work‑up activities to refine future drill targets, supported by an active Notice‑level drilling permit and reclamation bond.

Key Details

• Survey Type: Pole‑dipole induced polarization (IP) survey covering the Happy Cat South target within the South Ravenswood Gold District.
• Anomaly Characteristics:
• Large chargeability high coincident with a resistivity high and a gravity high.
• Anomaly located mainly east of a known 600 m diameter gold mineralized zone; open to the north and primarily to the south.
• East‑west IP lines (3) spaced at 275 m intervals.
• Historical Context:
• Prior operators confirmed a gold mineralization zone via RC drilling, trenching, auger drilling, and sampling (see Nov 25 2020 release).
• A 2022 ground gravity survey identified a prominent gravity high suggesting an uplifted basement block beneath volcanic cover.
• Land Staking: Additional 66 unpatented lode claims (~551 ha) staked on BLM‑managed lands surrounding the property.
• Future Work Plans:
• Inversion modelling and additional geophysical/geochemical work to refine drill targets.
• Utilization of existing Notice‑level drilling permit issued by the BLM.
• Regulatory Compliance: Reclamation bond in place; technical content reviewed and approved by Qualified Person Mark J. Abrams, CPG #11451.

Notable Quotes

“The IP results have identified a large target area at Happy Cat where the chargeability high and resistivity high is coincident with a gravity high.” – Dustin Henderson, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.