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Mammoth Minerals Limited (ASX:M79)

ALERT: Price-sensitive ASX Announcement for M79
Current share price for M79 : $0.040 -0.029 (-42.03%)+
Announcement
Release
18 Mar 2026 8:20AM
Price at Release
$0.069
Full Release
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Summary
Mammoth Minerals Limited reported significant results from RC drilling at the Buster Gold Trend within the Excelsior Springs Project in Nevada. The drilling focused on targeting highly altered zones and 'feeder' structures, revealing broad intercepts and effectively increasing sample recoveries. Notable results include a 33.54m intercept at 1.25g/t gold and an extension of mineralisation 100m down-dip. The company is also progressing with permits to drill in the Imperial Project area. The Buster Trend shows potential as a significant Carlin Type gold deposit, with ongoing exploration to expand mineralised footprints and further assess mineralisation continuity.
Key Points
  • RC drilling effectively targeted altered zones and higher grade 'feeder' structures.
  • Hole MEXRC2617 intercepted 33.54m at 1.25g/t Au from surface.
  • Significant improvement in sample recoveries and productivity with RC drilling.
  • Broad intercepts consistent with expectations for deposit type.
  • New area of mineralisation identified to the west with 13.72m at 1.15g/t Au.
  • Mineralisation extended 100m down-dip with 7.62m at 2.10g/t Au.
  • Permitting processes underway for Imperial Project area drilling.
  • Buster Trend confirmed as a significant Carlin Type gold deposit.
  • Detailed geological model required to assess true width of mineralisation.
  • Mammoth Minerals advancing targets at Imperial Project and Blue Dick prospect.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.