Mammoth Announces Results of Independent Drill Hole Spacing Analysis with Recommendations to Identify Initial Mineral Resource Estimate at Tenoriba Gold-Silver Property, Mexico
Original announcement by tmx on
- Company
- Mammoth Resources Corp.
- Ticker
- MTH
- Exchange
- TSX
- Region
- Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Other
- Extracted
- 2026-09-18 11:15:09 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Mammoth Resources Corp. has released the results of an independent Drill Hole Spacing Analysis (DHSA) conducted by P&E Mining Consultants for its Tenoriba gold-silver property in Mexico. The study recommends specific drill spacing (40-80m) across three mineralized areas to support a forthcoming initial Inferred Mineral Resource Estimate.
Reasoning: The announcement provides a technical roadmap (DHSA) to move from exploration to an Inferred Mineral Resource Estimate, de-risking the next phase of drilling.
Positive factors
- Independent third-party DHSA provides clear roadmap for resource definition
- Expert QP/CP sign-off from P&E Mining Consultants
- Successful historical drilling intersecting multiple tens of metre intervals
- Supportive metallurgical results for low-cost heap leaching
Negative factors
- Project is still in the exploration/pre-resource stage
Facts used in scoring: 3
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The DHSA specifically recommends drill spacing required to estimate an Inferred Mineral Resource.
Evidence · text
“to determine a proposed drill hole spacing P&E believe would be required to estimate an Inferred Mineral Resource.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The study was performed by Fred Brown, M.Sc., P.Geo. and reviewed by Eugene Puritch, P.Eng.
Evidence · text
“The DHSA was performed by Mr. Fred Brown, M.Sc., P.Geo. of P&E Mining Consultants Inc.”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
El MorenoTenoriba · goldView all detailsHide details
Identity
- Project
- Tenoriba
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:9d3b95730b9fc50df691
- Deposit or zone
- El Moreno
- Mining method
- combined
- Ownership percent
- 100 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-11-30T00:00:00.000Z
Reasoning: This is a planning fact rather than a resource estimate itself, but it defines the requirements for the next resource update.
Positive factors
- Provides specific technical parameters for future resource definition
Evidence · text
“El Moreno: 80 metres”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
MasupariaTenoriba · goldView all detailsHide details
Identity
- Project
- Tenoriba
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:51240c44bb16d9179470
- Deposit or zone
- Masuparia
- Mining method
- combined
- Ownership percent
- 100 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-11-30T00:00:00.000Z
Reasoning: This is a recommendation for future drilling spacing to support an Inferred Resource, not a reported resource estimate.
Positive factors
- Provides specific technical parameters for future resource definition
Evidence · text
“Masuparia: 40 metres”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Los CarneritosTenoriba · goldView all detailsHide details
Identity
- Project
- Tenoriba
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- MTH
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:a0662801ab3bb8723fa9
- Deposit or zone
- Los Carneritos
- Mining method
- combined
- Ownership percent
- 100 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-11-30T00:00:00.000Z
Reasoning: This is a recommendation for future drilling spacing to support an Inferred Resource, not a reported resource estimate.
Positive factors
- Provides specific technical parameters for future resource definition
Evidence · text
“Los Carneritos: 80 metres”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.