- Multiple high-grade surface results at Blue Dick
- Confirms significant growth potential
- Extensive surface and channel sampling across the Blue Dick trends
Mammoth Minerals (ASX: M79) has confirmed multiple high-grade gold, silver and critical minerals targets at the Blue Dick prospect within the broader Excelsior Springs project in Nevada, USA.
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The company has received highly encouraging surface sampling results at Blue Dick in a program focused on refining drill targets across parallel trends.
MD, Glenn Poole, said the latest results, many of which have been returned from areas that were acquired through Mammoth’s staking of vacant ground, highlight the significant potential and growth opportunity across the expanded Excelsior gold project, with further results still pending along the projected mineralised trend.
“The latest results from our expanded land package adjacent to Blue Dick continue to demonstrate the exceptional exploration upside across the broader Excelsior Springs project, with sampling identifying a parallel high-grade mineralised trend containing significant and consistently high-grade silver, copper, antimony, lead and zinc mineralisation – all of which are on the USA critical minerals list. Gold additionally occurs consistently throughout the mineralisation,” Mr Poole said.
“Our strategy is to systematically explore, permit and drill test these newly identified high-grade targets to determine the scale and distribution of mineralisation. Excitingly, the project is located just 75km south-west of Blackrock Silver’s Tonopah West project, which hosts a resource of 8.29Mt at 462g/t silver equivalent.”
The company has also completed RC drilling across the adjacent Buster Trend and is advancing geological modelling and resource estimation work.
Mr Poole said that with more than 21,000m of drilling completed to date, the company is moving towards the delivery of a maiden mineral resource estimate (MRE) and exploration target in the third quarter.
“Importantly, the drilling to date has tested only around 1.3km of a total seven km mineralised corridor, highlighting the substantial remaining exploration upside across the project,” he said.
“We look forward to continuing our systematic exploration program, including additional rock chip and channel sampling at Blue Dick and across the newly acquired Imperial gold mine area.”
M79 is steady at 6.7¢ . Mkt cap $37.44M.
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