Mammoth Minerals (ASX:M79) has identified ‘significant growth potential’ at the Blue Dick target within the Excelsior Springs Project in Nevada, with the latest batch of assays supporting a maiden resource estimate.
The company conducted surface and channel sampling across the Blue Dick trends, which confirmed multiple ‘high-grade’ targets.
Key results include 39.80 grams per tonne gold, 251g/t silver, 4.65% copper, and 5.73% lead; 4.56g/t gold and 0.32% copper; 0.4m @ 11.70g/t gold, 5.99g/t silver, and 0.54% copper.
Mammoth says this sampling campaign highlights growth potential adjacent to the existing project footprint.
The company also completed reverse circulation drilling along the Buster gold trend, with assays including 1.53m @ 4.04g/t gold from 33.54m; 4.57m @ 0.88g/t gold from 48.78m; and 1.53m @ 2.35g/t gold from 50.30m.
Drilling determined mineralisation to remain open along strike and down dip, demonstrating the scale potential of the 7km corridor.
Mammoth intends to return a resource estimate and exploration target for the Buster Project in Q3 2026.
According to Managing Director Glenn Poole, the latest results demonstrate the project’s “exceptional exploration upside”.
“Gold additionally occurs consistently throughout the mineralisation,” Poole says.
“Our strategy is to systematically explore, permit, and drill test these newly identified high-grade targets to determine the scale and distribution of mineralisation.
“Excitingly, the project is located just 75km southwest of Blackrock Silver’s (TSX-V: BRC) Tonopah West Project, which hosts a resource of 8.29Mt at 462g/t silver equivalent.”
Mammoth Minerals is a gold and copper explorer focused on developing assets in North and South America.
Write to Maddison Elliott at Mining.com.au
Images: Mammoth Minerals
