Chargeability Anomaly Discovered At Happy Cat South Gold Target

VANCOUVER – Black Mammoth Metals Corporation report on a pole-dipole induced polarization (IP) survey at the Happy Cat South target within the South Ravenswood property located at the southern end of the Rabbit Creek Gold Trend, Lander County, NV. The Company has also staked 66 additional unpatented lode claims (approximately 551 hectares) on lands managed by the Bureau of Land Management (BLM).
The IP results have identified a large target area at Happy Cat where the chargeability high and resistivity high is coincident with a gravity high. The IP survey’s pseudo sections’ average chargeability with the gravity high, with the pseudo sections’ average resistivity with the gravity high. This geophysical anomaly is situated mainly east of a 600m diameter gold mineralized zone and is open to the north, but mostly to the south. The east-west IP lines were spaced 275m apart.
Exploration activity conducted by previous operators, which includes reverse circulation drilling, trenching, auger drilling and rock and soil sampling have confirmed the presence of a gold mineralization zone with no clear source of the mineralization identified.
Black Mammoth’s 2022 ground gravity survey covered a 12 square km area and revealed a prominent gravity high indicative of a potentially uplifted basement block (horst) beneath volcanic cover and is coincident with the gold mineralized zone which represents a target zone. The Company plans to further investigate this target zone which may include inversion modelling and other work-up activities to refine drill targets. There is an active Notice level drilling permit issued by the BLM and a reclamation bond in place.