Black Mammoth acquires Tom's Pediment by staking

Executive Summary

• Black Mammoth Metals Corp. has acquired the Tom's Pediment gold-silver property in Nevada by staking 87 unpatented lode claims covering approximately 727 hectares.
• The company completed a pole-dipole induced polarization (IP) survey, identifying a significant geophysical target area of 2.3 square kilometers coincident with gravity and resistivity highs.
• The target is interpreted as down-dropped host lithologies corresponding to the southeast extension of the Skookum trend, with plans to drill test the anomaly once BLM notice of intent is complete.

Key Details

• Acquisition Details:
  • Asset: Tom's Pediment gold-silver property.
  • Location: South Ravenswood mining district, Lander County, Nevada.
  • Size: 87 unpatented lode claims covering approximately 727 hectares (1,797 acres).
  • Terms: 100% ownership; no finders' fees, royalties, share compensation, or other terms.
• Geophysical Results:
  • Survey Type: Pole-dipole induced polarization (IP).
  • Target Area: Chargeability high covers 2.3 square kilometers (open to the northwest).
  • Coincidence: The IP high is coincident with a prominent gravity high and a resistivity high.
  • Survey Configuration: East-west IP lines (six) spaced from 200 to 800 meters.
• Geological Interpretation:
  • The target is interpreted as down-dropped host lithologies in the pediment.
  • Corresponds to the southeast extension of the Skookum trend, which has known gold, silver, and copper mineralization.
  • Adjacent to the historic Maloy gold and silver mine.
  • Host rocks include Cretaceous granodiorite intruding Paleozoic sedimentary strata (Roberts Mountain and Valmy Formations).
• Future Exploration:
  • The company will evaluate IP-anomalous gravity anomalies using exploration models for detached/down-dropped and potentially epithermal-type mineralization zones.
  • The geophysical target is ready for drill testing pending the completion of a BLM notice of intent.

Notable Quotes

• No direct quotes from management were included in the text.