Option To Purchase Coal Canyon Gold Property

VANCOUVER - Black Mammoth Metals Corporation (BMM) reported that Antelope Creek Gold Corporation, a wholly owned subsidiary of Black Mammoth, has entered into a lease with option to purchase agreement to earn a 100% interest in the Coal Canyon gold property, situated in Pershing County, Nevada, in the West Humboldt Range and on the Oreana Trend, approximately 14 km west of the Rochester gold and silver deposit and 2 km south of the Willard Mine which was a heap-leach operation in the 1990's. The Property consists of 43 federal lode claims (approximately 359 hectares, 888 acres) administered by the Bureau of Land Management (BLM).

The geology consists of Jurassic and Triassic sedimentary rocks intruded by Jurassic gabbro and Tertiary rhyolite. The main lithologic units on the property are part of the Auld Lang Syne Group which is a very thick sequence of peletic and sandy strata with interbeds and lenses of limestone and dolomite.

The Property hosts intrusive-related, sediment-hosted precious metal mineralization discovered by previous drilling and roadcut sampling. Channel sampling from these roadcut exposures documented wide zones of gold mineralization with associated high arsenic values. Outcrops of intrusive rocks and sill-like bodies of felsic to granodioritic composition and the associated alteration have a northwest strike and extend over a minimum strike length of 1750m and average approximately 120m in width. There are also east-west trending altered and mineralized zones up to 450m wide. Mineralization is primarily fracture-hosted, and is accompanied by oxidized, gossan zones, quartz veins and stringers. There are large outcrops of gossan-bearing material enriched in copper, molybdenum, and zinc, with pervasive silicification and massive sulfide (see Figure 2). The gossan zones have been intersected in drill holes but the sulfide potential is still unexplored.

Black Mammoth looks forward to commencing a complex on-site evaluation of this high prospective property with diverse discovery potential.