Mammoth Minerals Expands Nevada Footprint as Maiden Drilling Delivers High-Grade Gold-Silver Hits

Firetail Resources Limited ( (AU:M79) ) has shared an announcement.

Mammoth Minerals has launched its maiden diamond drilling program at the Excelsior Springs Gold-Silver Project in Nevada, delivering multiple shallow, high-grade intercepts at the Buster Zone and significantly expanding its landholding by 340% to 83km² through additional staking over intrusive-related targets and historical workings. Complemented by high-resolution magnetics, LiDAR and extensive field mapping and sampling, the company has extended the high-grade, silver-rich Blue Dick Trend to more than 3km, advanced geophysical targeting at its Skyline copper-silver-zinc project in Canada, progressed the sale of its Paterson Copper-Gold Project, and completed a $7.5m capital raise to fund ongoing drilling and exploration, underscoring its strategic shift toward US-focused gold and silver assets and strengthening its pipeline of discovery opportunities for shareholders.

The most recent analyst rating on (AU:M79) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Firetail Resources Limited stock, see the AU:M79 Stock Forecast page.

More about Firetail Resources Limited

Mammoth Minerals Limited is an ASX-listed mineral exploration company focused on gold, silver and base metals, with a growing portfolio of projects in Nevada (USA), Canada and Peru. Its flagship Excelsior Springs Gold-Silver Project lies on Nevada’s Walker Lane Trend, a prolific gold-producing belt, while the company also advances the Skyline Copper-Silver-Zinc Project in Newfoundland and evaluates large-scale intrusive-related targets at its Picha Project in Peru.

Average Trading Volume: 486,993

Technical Sentiment Signal: Buy

Current Market Cap: A$78.25M

For detailed information about M79 stock, go to TipRanks’ Stock Analysis page.