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Black Mammoth Metals ( (TSE:BMM) ) has provided an update.
Black Mammoth Metals has acquired 100% of the Mustang gold and silver property in Nye County, Nevada by staking 138 unpatented lode claims covering 1,124 hectares, securing the asset without royalties or share-based obligations and obtaining an extensive historical data package. A recently completed induced polarization survey at Mustang has defined a large, one-square-kilometre chargeability-resistivity anomaly in the Southern Zone, interpreted as a sulfide-rich, high-sulfidation epithermal gold-silver target that correlates with historical drilling and surface alteration, while results in the Northern Zone indicate the mineralized system may extend a further 1.5 kilometres along strike; the company plans follow-up gravity surveys to refine drill targets and continues to build a portfolio of non-core exploration interests in the western U.S., potentially strengthening its exploration pipeline and regional footprint.
More about Black Mammoth Metals
Black Mammoth Metals Corporation is a mineral exploration company focused on gold and silver projects in the western United States. The company acquires and explores early-stage properties, targeting epithermal and related precious metals systems with potential for significant resource discovery.
Average Trading Volume: 21,880
Technical Sentiment Signal: Buy
Current Market Cap: C$216.5M
Find detailed analytics on BMM stock on TipRanks’ Stock Analysis page.