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Mammoth Resources ( (TSE:MTH) ) has shared an announcement.
Mammoth Resources has identified several potential draw point locations within the Carneritos area of its Tenoriba gold-silver project in Chihuahua, Mexico, using thousands of surface and drill assays combined with geological and access analyses. These targets show attractive near-surface grades, with average gold-equivalent values at or above one gram per tonne and some areas approaching four grams per tonne.
The company plans site visits to field-check the draw points, define their surface footprint, and estimate potential tonnage, while also advancing metallurgical test work on oxidized and transition-zone material. Proposed bottle roll and column leach tests on crushed samples are intended to refine heap leach recovery expectations, reagent consumption, and project economics, underlining Tenoriba’s potential for small-scale extraction and future resource definition drilling.
The most recent analyst rating on (TSE:MTH) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Mammoth Resources stock, see the TSE:MTH Stock Forecast page.
Spark’s Take on TSE:MTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTH is a Neutral.
The score is held down primarily by weak financial performance (no revenue, persistent losses, cash burn, negative equity, and rising debt). Technical indicators are neutral-to-mixed and provide only modest support, while valuation metrics are unfavorable due to the negative P/E and lack of dividend yield.
To see Spark’s full report on TSE:MTH stock, click here.
More about Mammoth Resources
Mammoth Resources Corp. is a Canadian mineral exploration company focused on gold and silver, with its primary asset being the 100%-owned Tenoriba project in Chihuahua State, Mexico. The company targets near-surface mineralization suitable for heap leach processing, aiming to advance small-scale extraction and test work as a pathway to larger-scale development.
Average Trading Volume: 87,469
Technical Sentiment Signal: Buy
Current Market Cap: C$5.33M
Learn more about MTH stock on TipRanks’ Stock Analysis page.