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Mammoth Minerals Limited (ASX:M79)

ALERT: Price-sensitive ASX Announcement for M79
Current share price for M79 : $0.038 -0.005 (-11.63%)+
Announcement
Release
15 Jun 2026 9:06AM
Price at Release
$0.043
Full Release
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Summary
Mammoth Minerals Limited (ASX: M79) has reported promising results from its exploration efforts at the Excelsior Springs Project in Nevada, USA. The latest phase of reconnaissance channel and rock sampling at the Blue Dick Prospect has revealed significant grades of gold, silver, and critical minerals, with assays showing up to 17,582g/t Ag and 10.1% Cu. This confirms the continuity of high-grade trends over a 6km strike, highlighting the potential for further discoveries. The findings enhance confidence in the project's prospects, particularly with strong copper potential identified at the nearby Imperial Prospect. Mammoth Minerals is strategically advancing its exploration program, focusing on expanding the recognized polymetallic system, with plans for further drilling. The company holds an option to earn an 80% interest in the Excelsior Gold Project, situated in the Walker Lane structural corridor, a region known for its rich deposits of precious metals.
Key Points
  • Mammoth Minerals reports high-grade results from the Blue Dick Prospect at Excelsior Springs Project in Nevada.
  • Significant silver and copper potential identified with sampling results showing 17,582g/t Ag and up to 10.1% Cu.
  • The Blue Dick Prospect confirms continuity of high-grade trends along a 6km strike.
  • Results suggest emerging discovery potential at Blue Dick and strong copper potential at the Imperial Prospect.
  • The company's strategic exploration at the Excelsior Springs Project is expanding, targeting the western extents of Blue Dick.
  • Mammoth Minerals holds an option to earn 80% interest in the high-grade Excelsior Gold Project.
  • The region parallels the Walker Lane structural corridor, known for precious metal deposits.
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.