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| Home : Mammoth Submits Application for Drill Permit at Its Tenoriba Property, Mexico and Closes First Tranche of Private Placement Financing |
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Sep 19
2014 |
Mammoth Submits Application for Drill Permit at Its Tenoriba Property, Mexico and Closes First Tranche of Private Placement Financing |
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TORONTO, ONTARIO--(Marketwired - Sept. 18, 2014) - Mammoth Resources Corp. (TSX VENTURE:MTH) is pleased to announce that it has submitted its permit application to drill its Tenoriba precious metal property located in southwestern Chihuahua state, Mexico (refer to the company's web site www.mammothresources.ca, for a detailed location map). The application is for permission to drill up to 20 drill holes under an "Informe Preventivo" or "Aviso de Inicio de Actividades de Proyectos de Exploracion Minera Directa" (NOM-120-ECOL-1997) and was submitted to the SEMARNAT (Secretariaria de Medio Ambiente y Recursos Naturales) office in Chihuahua, Mexico. It may require up to 30 business days to review and receive comments, or approve the company's application. Once the company has received approval and subject to financing, it intends to initiate access road and drill pad construction and repair as a preliminary step to drilling. Quotes have been received from seven drill contractors on 11 different drill rig (reverse circulation or core) services with all-in estimated costs (drilling, sample analysis, travel, accommodations and labour) as low as US $320,000. |
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| Source:http://www.marketwired.com/mw/release.do?id=1948841&sourceType=3 |
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