Mammoth Resources

Overview

Mammoth Resources (TSX-V: MTH) is a precious metal, mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% in the 5,333 hectare (12 kilometre x 4 kilometre) Tenoriba gold property located in the prolific Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization. In 2012, the team at the Toronto-based company recognized an opportunity at Tenoriba on a piece of land that had undergone its first modern exploration in 2008 and which, due to the Global Financial Crisis, and the ensuing disruption to capital markets had become available. Tenoriba is in the heart of the prolific region. The Sierra Madre Belt is estimated to have produced up to 100 million ounces of gold equivalent, gold-silver mineral resources and Mammoth’s Tenoriba property in southwestern Chihuahua State, Mexico is surrounded by numerous multi-million ounce deposits. Tenoriba had been under option by Centerra Gold, a $5 billion market capitalization company which abruptly informed Mammoth in late September that they were pulling out of Mexico for issues unrelated to exploration at Tenoriba Centerra was to have spent $14 million to earn 70% interest. They were almost 2 years into the option and had spent $1.2 million at Tenoriba and were potentially weeks from drilling, having submitted a drill permit application in mid-August for up to 139 drill holes. Centerra returned 100% of Tenoriba to Mammoth and Mammoth is now very excited to advance the compelling exploration opportunities at Tenoriba where gold is found and has been drilled over a 5 kilometre strike length of ubiquitous gold-silver mineralization.

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