Sponsored by Express Gold Refining
Black Mammoth Metals Corporation (TSXV: BMM) (OTC: LQRCF) has announced that its subsidiary, Antelope Creek Gold Corporation, has entered into a mineral lease-purchase agreement with TUVERA Exploration Inc. to acquire a 100% interest in eight leased patented claims. Additionally, the company has staked 89 federal unpatented lode claims. These claims, collectively known as the Coleman Canyon Gold property, encompass approximately 710 contiguous hectares in Elko County, northeastern Nevada, at the northeastern extent of the Jerritt Canyon Trend.
The property, formerly known as the Island Mountain property, has been the subject of previous exploration efforts. A 2015 interim NI 43-101 technical report indicated significant gold mineralization in the oxide zone, with a silver–gold ratio of approximately 3 to 1. Extensive jasperoid zones along carbonate rock contacts suggest the potential for a Carlin-type gold deposit at depth, while brecciated quartz veins in shear zones indicate the possibility of a high-grade orogenic gold system within the district.
Black Mammoth plans to conduct further exploration to verify and potentially expand the known mineralization. The company acknowledges that a qualified person will need to perform sufficient work to update the resource model and bring the technical report into full compliance before releasing a revised resource estimation.
This acquisition aligns with Black Mammoth’s strategy to expand its portfolio of gold properties in the western United States, following recent acquisitions such as the East Reveille Gold property in Nye County, Nevada.
