Option Agreement On High-Grade Clover Gold Property

VANCOUVER - Black Mammoth Metals Corporation reported that Antelope Creek Gold Corporation, a wholly owned subsidiary of Black Mammoth, has entered into an option agreement with Nevada Select Royalty, Inc. to acquire a 100% interest in 47 unpatented lode claims and the Company has recently completed staking of an additional 41 unpatented lode claims covering approximately 708 hectares (1750 acres) which is called the Clover Gold property.

The Property is located 16 kms west of the town of Midas, along the southwest flank of the Snowstorm Mountains, in Elko County, NE Nevada. There is good access to the Property by the graded Midas-Tuscarora gravel road and the Claims are managed by the Bureau of Land Management with no difficulties permitting the recent drilling programs.

Faulting on the Property strike NNW and ENE, including a large reverse fault striking NNW, dipping 40-45 degrees east on the surface, containing medium grained quartz-adularia veins and breccia filings. Most high-grade Au values in drill holes are spatially associated with nearby quartz veining but in several holes the high-grade intercepts are associated with little or no veining. Silver-gold ratios in most of the high-grade intercepts are around 1:1 although some holes contain up to 231 g/t Ag with Au of 0.68 g/t.

Where drill holes have targeted the down-dip extension of the 45 degree east dipping portion of the Structure, high-grade intercepts in drill holes usually occur immediately below and/or at the base of the Structure, suggesting that near-vertical, feeder structures may be controlling the high-grade intercepts.