Black Mammoth Metals Identifies Drill-Ready Gold Target, Expands Nevada Property
LQRCF has more than doubled off its 52-week low of $1.15.
Summary
Black Mammoth Metals Corporation announced the identification of a geophysical drill target at its 100% owned 305 Property in Nevada, following ground gravity and induced polarization surveys. The company also acquired 9 additional unpatented lode claims, expanding the property to approximately 409 hectares. The new target, located along the prospective Rabbit Creek Trend, is considered "drill ready" subject to a BLM Notice of Intent, with historical drilling not having adequately tested the deeper potential. This is a material operational update for an exploration company, significantly advancing its project and providing a clear future catalyst for potential value creation.
At the time of this announcement, LQRCF was trading at $2.78 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $112.4M. The 52-week trading range was $1.15 to $5.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.