Mammoth Resources (TSE:MTH) has released an update.
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Mammoth Resources Corp. reports a highly cost-effective opportunity to explore its Tenoriba gold-silver property in Mexico, with drilling costs as low as US$1.50 per gold equivalent ounce. The first phase of drilling aims to define a significant initial resource with over half a million gold equivalent ounces at an exceptional leverage compared to current gold prices. This initial phase is expected to be both efficient and timely due to focusing on shallow, near-surface material.
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