Black Mammoth Metals adds 54 claims at Mustang
The company plans to correlate Mustang North field investigations with induced-polarization anomalies to define test-drilling targets.
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Rhea-AI Filing Summary
Black Mammoth Metals Corp (BMMX) extended Mustang Main south into Mustang South and obtained an NOI drill permit that includes two exploration drill pads. Four shallow trenches yielded 25 rock-chip samples; 15 returned gold grades above 0.100 g/t Au, and the peak was 0.403 g/t Au.
At Mustang North, geologic work, rock sampling and an IP survey are underway. Alteration and rock textures may be associated with a concealed magmatic-hydrothermal vent; the company plans to correlate field investigations with IP anomalies to define test-drilling targets. It staked 54 new federal lode claims, bringing the Mustang property to 203 claims covering approximately 1,658 hectares (4,099 acres). It paid $10,000 in May 2026 for two claims, which it now owns 100% subject to a 2% NSR, with half buyable for $500,000.
The company granted directors and consultants options to purchase up to 1,160,000 common shares at CAD $4.30 per share for a five-year period.
Filing Explained
The corrected Mineral Mountain claims area is three hundred seventeen hectares (seven hundred eighty-five acres).
This 6-K reports that Black Mammoth Metals granted options to purchase up to 1,160,000 common shares, vesting 30% after year one, 30% after year two and 40% after year three; the options are not shares issued, so any resulting issuance depends on exercise.
The release also corrects Mineral Mountain's claims position to 317 hectares (785 acres).
Key Figures
Key Terms
induced polarization survey technical
porphyry gold type technical
phreatomagmatic breccias technical
NSR financial
fire assay technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many BMMX Mustang South samples exceeded 0.100 g/t gold?
How many drill pads are included in BMMX’s Mustang South permit?
How do BMMX’s new stock options vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.