BMM: TSX-V
VANCOUVER, March 20, 2017 /CNW/ - Black Mammoth Metals
Corporation (TSX-V: BMM / Frankfurt: LQK / OTCBB: LQRCF) ("Black
Mammoth" or the "Company") is pleased to announce the
appointment of Geoff Goodall, B.
Sc., P. Geo. to the Company's technical advisory board. Mr.
Goodall is an exploration geologist with over three decades of
international experience evaluating, planning and executing
exploration programs in a wide variety of geologic environments and
for a broad range of base and precious metal deposit
types.
As a consulting geologist Mr. Goodall has worked for
junior, middle tier and major mining companies on the
identification and discovery of deposits worldwide. Clients
have included Newmont, Barrick, BHP, Hemlo, Phelps
Dodge as well as numerous junior mining companies. Mr.
Goodall has worked on numerous deposit styles including epithermal
gold vein systems (South Pacific, Nevada), porphyry copper deposits
(Southwest USA, Chile, Canada) and base metal mineralization
(Bolivia, British Columbia). Mr. Goodall's consulting
team was instrumental in the discovery and definition of two gold
deposits in Nevada. He is a member of the Association of
Professional Engineers and Geoscientists of British Columbia.
Black Mammoth's President and CEO, Dustin Henderson commented, "We are very
pleased that Geoff Goodall has
agreed to join the Company's technical advisory board. He is
a well respected geologist offering invaluable expertise to the
future development of the Company and to our newly leased Blanco
Creek gold property, that is subject to TSX-V
approval."
About Black Mammoth Metals Corporation:
Black Mammoth has recently assumed a long-term lease for a 100%
interest, subject to underlying royalties, in the Blanco Creek gold
property (the "Property") in central Idaho. The Property has
road access and consists of 40 Unpatented Federal Lode Claims
hosting three historic underground mines along 3658 metre (12,000
feet) of strike on the north-east trending regional Blanco Creek Sheer Zone. Exploration by
two previous operators identified a geological target for the
Blanco Creek property in the order of 1.7 to 2.48 million tons,
grading 0.20 to 0.33 oz/ton Au (1.54 to 2.24 million tonnes,
grading 6.85 to 11.31 g/tonne Au), see the Company's press release
on February 14th,
2017.
Black Mammoth cautions investors to note the potential
quantity and grade of the geological target are conceptual in
nature. A qualified person has not done sufficient work to
classify the geological target as mineral resources as
defined by NI 43-101, and it is uncertain if future exploration
will result in the target being delineated as mineral
resources. The geological target is based solely on surface
and underground rock chip sampling and geological mapping that is
not of sufficient detail to qualify it as mineral resources.
The work required to advance this geological target to mineral
resources will include a full compilation of historic data,
detailed geological mapping, geochemical sampling and possibly
geophysics, followed by drilling.
Mr. R. Tim Henneberry, P. Geo. of
Mammoth Geological LTD. has been retained to prepare a NI 43-101
Technical Report for the Property. Upon TSX-V approval, the
Company anticipates that Blanco Creek will become Black Mammoth's
flagship property and primary focus.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson, BBA
President, CEO and Corporate Secretary
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release." This press release contains
forward-looking statements and forward-looking information
(collectively, "forward looking statements") within the meaning of
applicable Canadian and United
States securities laws. All statements, other than
statements of historical fact, included herein, including
statements regarding the anticipated content, commencement,
duration and cost of exploration programs, anticipated exploration
program results, the discovery and delineation of mineral
deposits/resources/reserves, the timing of the receipt of assay
results, the visual continuity of certain mineralized intervals and
business and financing plans and trends, the potentially open
nature of the mineralized zones on the property and the potential
for future discoveries of additional mineralization on the property
are forward-looking statements. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions or are those
which, by their nature, refer to future events. Although the
Company believes that such statements are reasonable, there can be
no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future performance, and that actual results may differ materially
from those in forward-looking statements. Important factors that
could cause actual events and results to differ materially from the
Company's expectations include those related to weather, equipment
and staff availability; performance of third parties; timing of
receipt of assay results from third party analytical facilities;
risks related to the exploration stage of the Company's projects;
market fluctuations in prices for securities of exploration stage
companies and in commodity prices; and uncertainties about the
availability of additional financing; risks related to the
Company's ability to identify one or more economic deposits on the
properties, and variations in the nature, quality and quantity of
any mineral deposits that may be located on the properties; risks
related to the Company's ability to obtain any necessary permits,
consents or authorizations required for its activities on the
properties; and risks related to the Company's ability to produce
minerals from the properties successfully or profitably. Trading in
the securities of the Company should be considered highly
speculative. All of the Company's public disclosure filings may be
accessed
via www.sedar.com and readers
are urged to review these materials, including the latest technical
reports filed with respect to the Company's mineral
properties.
All geological information provided in this press release,
including all information on the Blanco Creek Property has been
gathered during the Company's due diligence process and has not
been independently verified by management. This press
release is not, and is not to be construed in any way as, an offer
to buy or sell securities in the United
States.
SOURCE Black Mammoth Metals Corp