Black Mammoth releases IP survey results at Cupz

Executive Summary

• Black Mammoth Metals Corp. released results from a pole-dipole induced polarization (IP) survey at its 100%-owned Cupz gold property in Nevada, confirming a significant overlapping resistivity and chargeability anomaly aligned with a known gold zone.
• The company staked 33 new federal lode claims covering 275 hectares (681 acres) on Bureau of Land Management (BLM) administered lands adjacent to the property.
• Acquisition terms for the Cupz property were finalized with a $12,000 USD finder's fee, securing a 100% interest with no royalties or other compensation.

Key Details

• IP Survey Results: Pole-dipole IP survey with inversion model confirmed a target area featuring significant overlapping resistivity and chargeability anomalies within a gravity low and along the extension of a northwest-trending gold zone.
• Geological & Alteration Features: Near-surface rocks exhibit significant silicification related to mafic/lamprophyre and felsic intrusive rocks (rhyolites). The known gold mineralization zone terminates at a north-northeast-trending range-front fault where bedrock is overlain by alluvium.
• Additional Mineralization: Significant silver, copper, and lead rock chip sample assays were identified along the gold zone, with arsenic and antimony acting as pathfinder elements. Two overlapping mineralizing events are interpreted: a gold/copper event associated with felsic dikes, and a base metal-dominant event postdating the dikes.
• Claim Staking: 33 federal lode claims staked on BLM lands, covering 275 hectares (681 acres).
• Acquisition Terms: $12,000 USD finder's fee paid to a private vendor. Black Mammoth holds 100% ownership of the Cupz property with no royalties, share compensation, or other terms.
• Property Location & Access: Located in the southern Walker Lane mineral belt within the Goldfield Hills (historic Cuprite district), approximately 22 km southwest of Goldfield, Nevada. Accessed via a well-maintained county road.
• Future Exploration: The company continues to refine drill targets at Cupz, which may include additional work-up activities.