Black Mammoth Metals Identifies Drill Targets and Stakes Claims at Coleman Canyon, NV

Executive Summary

• Black Mammoth Metals completed a UAV magnetic survey over the Coleman Canyon property in Nevada, identifying several structural features that may host extensions of known gold‑silver mineralization.
• The company staked 103 additional federal unpatented lode claims, bringing total contiguous unpatented claims to 192 (≈1,554 ha) and increasing the overall claim footprint when combined with existing patented claims.
• A $12,000 finder's fee was paid to a private vendor for the new claim staking; no other fees were incurred.

Key Details

• Survey Coverage: Entire Coleman Canyon property surveyed at 50 m flight line spacing and 50 m altitude.
• Structural Highlights Identified:
• NE‑trending faults on the northern side of the intrusive.
• Large magnetic high anomaly west of the intrusive, likely controlled by a north‑trending fault/fracture zone.
• Strong magnetic highs along the southern side coinciding with known gold zones; extensions to south, north, and west suggest deeper, untested mineralization potential.
• Unexplored Targets: Magnetic high anomalies on far western and NW portions of the survey area have not been drilled.
• Geological Context: Gold‑silver mineralization hosted in sedimentary/meta‑sedimentary rocks surrounding a central intrusive stock; mineralization follows a “proximal Carlin” model with bedding‑controlled and fault‑controlled vein occurrences.
• Claim Staking: 103 new federal unpatented lode claims added, now totaling 192 contiguous unpatented claims (≈1,554 ha / 3,842 ac). Company holds 100% ownership subject to a 1 % NSR.
• Future Work: Potential additional geological, geochemical, and geophysical work prior to drilling; drilling planned to test identified magnetic anomalies.
• Finder’s Fee Disclosure: $12,000 paid to private vendor for claim staking; no finder's fee related to lease option.

Notable Quotes

• “The Mag. Survey has helped clarify the possibility of extensions to areas of known gold and silver mineralization that will require drilling to verify any mineralization.” – Dustin Henderson, President & CEO

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