Black Mammoth Metals Expands Portfolio with Raven and Callaghan Gold Properties Acquisition
Black Mammoth Metals Corporation, a leading mining company, has recently finalized the acquisition of the Raven and Callaghan gold properties in central Nevada. The agreement, signed following a previous news release on September 10, 2024, marks a significant milestone for the company’s expansion in the region.
Drill permitting is currently in progress to initiate testing at the Carlin-type targets within the South Ravenswood and Callaghan districts. This exploration effort is being conducted under notice of intent level permits with the Bureau of Land Management (BLM), showcasing Black Mammoth’s commitment to responsible mining practices.
The acquisition of the Raven and Callaghan gold properties does not involve any work commitment amounts, finder’s fees, or share compensation. Additionally, Black Mammoth continues to enhance its portfolio by acquiring non-core exploration interests in the western United States through strategic purchases and staking activities.
Exploration Focus and Potential
Black Mammoth Metals Corporation has secured a 100% interest in various high-potential gold properties, including the America Mine gold property in San Bernardino, CA, and the Quito gold property in Lander County, NV. The company has also consolidated the South Ravenswood and Callaghan gold Districts in Lander County, NV, further solidifying its presence in the region.
At the Happy Cat gold property in Lander County, NV, Black Mammoth has identified an area of approximately 4 square kilometers with significant hydrothermal alteration. Structural modeling indicates similarities to alteration zones found at other Carlin-type deposits in northern Nevada, suggesting the presence of valuable mineralization.
Moreover, the Blanco Creek gold property in the Elk Creek Mining District, central Idaho, holds significant potential with three historic underground mines along a 3,550-meter strike on the northeast trending regional Blanco Shear Zone. Previous exploration efforts have identified a substantial geological target, indicating promising grades of gold mineralization.
Technical Expertise and Compliance
Mark J. Abrams, a Certified Professional Geologist and Qualified Person under National Instrument 43-101, oversees the technical aspects of Black Mammoth’s exploration projects. With a focus on adherence to industry standards and regulations, the company maintains a rigorous approach to mineral resource estimation and exploration activities.
It is essential to note that the potential quantity and grade of geological targets mentioned are conceptual and require further exploration to determine mineral resources accurately. Black Mammoth emphasizes the importance of conducting comprehensive studies to validate and quantify potential mineral deposits effectively.
Forward-Looking Statements and Risk Factors
In line with industry practices, Black Mammoth Metals Corporation acknowledges the presence of forward-looking statements in its press releases. These statements, while based on reasonable assumptions, may vary from actual results due to various factors and uncertainties inherent in the mining industry.
Investors are advised to exercise caution when interpreting forward-looking statements, as actual outcomes may differ from projections. The company remains focused on regulatory compliance and transparent disclosure of information to ensure stakeholders are well-informed about the risks and opportunities associated with its operations.
In conclusion, Black Mammoth Metals Corporation’s recent acquisition of the Raven and Callaghan gold properties underscores its commitment to strategic growth and exploration excellence. With a diverse portfolio of high-potential assets and a dedicated team of experts, the company is poised for continued success in the mining industry.