MMMRF Due Diligence Report Price:$0.025 Common
Post# of 8
Price:$0.025
Common Shares: 40 million - including recent pp and shares for debt
Insider Holdings: 15% - Recent pp & shares for debt takes it to 20%
Institutional Holdings: 25% - As per the 2020 fact sheet
Insiders and Institutions hold 18 of the 40 million shares or 45%
Options: 2.9 million exercisable at 6 cents
Website: http://www.mammothresources.ca/
Recent Company Presentation(July 2020): http://www.mammothresources.ca/i/pdf/Mammoth-...tation.pdf
Recent Fact Sheet(July 2020): http://www.mammothresources.ca/i/pdf/factsheet.pdf
The company has a major project in Mexico with extensive work already done. Their JV partner is Centerra Gold(CG.T) who has already committed millions of dollars and will continue to do so as the results have been quite good. More information of drill results can be found on their July 2020 presentation
some results from 2017 which were very positive:
2017 -18 drilling intersected potentially economical grades of gold over 10’s
of metres. Highlight gold intersections over a 4 km trend of drilling:
2.3 g/t Au Eq over 43.0 m, including 5.3 g/t Au Eq over 3.7 m;
1.3 g/t Au Eq over 23.5 m, including 5.0 g/t Au Eq over 5.5 m;
1.2 g/t Au Eq over 25.0 m, including 1.6 g/t Au Eq over 9.0 m;
0.6 g/t Au Eq over 45.5 m, including 0.9 g/t Au Eq over 14.7 m and;
0.5 g/t Au Eq over 126.8 m.