Black Mammoth Metals Strengthens its Technical Team by Appointment of Senior Geologist Thomas G. Klein
VANCOUVER, BC, Aug. 8, 2025 /CNW/ - Black Mammoth Metals Corporation (TSX-V: BMM / OTC: LQRCF) ("Black Mammoth" or the "Company") is pleased to report the appointment of Thomas G. Klein as Exploration Manager. Mr. Klein is a senior geologist that brings 30 years of exploration and project management experience across numerous projects located worldwide including Peru, Nevada USA, Türkiye, Armenia, West Africa and Solomon Islands (see Figure 1).
Mr. Klein worked for Minera Yanacocha (Peru) and Newmont starting in 1995, and recently as a consulting geologist, having particular expertise in high & low sulphidation epithermal, Cu-Au porphyry, carlin-type, orogenic and hybrid-type (overlapping) gold systems. Mr. Klein also specializes in mapping, interpreting geological models, geophysics & geochemical surveys and directing drill programs.
Thomas Klein's geological contributions have led to multiple discoveries, including:
Kupfertal Cu-Au Porphyry Deposit - Leading exploration of the larger area surrounding the multi-million-ounce, high sulphidation deposit at Cerro Yanacocha and applying the Mylar mapping and compilation system led to the discovery of Kupfertal (1999).
Amulsar Gold Deposit - Early identification and the exploration work led to the discovery of the Amulsar gold deposit in Armenia (2008).
Hasandag Gold Deposit - Early identification and exploration work in the High Pontides also led to the discovery of Hasandag Gold Deposit in north-eastern Türkiye (2009).
TORO Gold Deposit - Conducted a 14,000m reverse circulation drilling program discovering the TORO Gold Deposit, an orogenic-type, +2 million-ounce, low-grade gold occurrence in the Siguiri Basin in Northeastern Guinea (2011).
Mr. Klein holds a Diploma of Mineralogy in Ore Deposits (equivalent to a Master's Degree) from Ruprecht-Karls University in Heidelberg, Germany. Mr. Klein also has numerous professional trainings and professional affiliations including the Geological Society of Nevada.
About Black Mammoth Metals Corporation:
Since January 2024, Black Mammoth Metals has acquired a 100% interest in:
Amador Silver property, Lander County, NV.
Big Bear Copper property, Gila County, AZ.
Zulu Gold property, Gila County, AZ.
Northern Star property, La Paz County, AZ.
Coal Canyon Gold property, Pershing County, NV.
Island Mountain Gold District (including Coleman Canyon, St. Elmo and Diamond Jim (Ag, Pb, Zn, Sb)), Elko County, NV.
Clover High-Grade Gold property, Elko County, NV.
Leadore Silver-Lead-Rare Earth Elements property, Lemhi County, ID.
East Reveille Gold property, Nye County, NV.
America Mine Gold property, San Bernardino, CA.
Quito Gold property, Lander County, NV.
South Ravenswood Gold District (including the Raven, and Happy Cat properties) Lander County, NV. (Happy Cat was purchased prior to January 2024).
Callaghan Gold District (including North Callaghan, Charlie, Cottonwood and Rast properties), Lander County, NV.
Black Mammoth also has a 100% interest in the Blanco Creek Gold property in the Elk Creek Mining District, central Idaho, which hosts three historic underground mines along 3,550 meters (11,644 feet) of strike on the north-east trending regional Blanco Shear Zone.
Mark J. Abrams, CPG #11451, a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101") and director of Black Mammoth, has reviewed and approved the technical content in this release.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson, BBA
President & CEO
Website: www.blackmammothmetals.com
This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the Company's completion of the Transaction and related transactions are forward-looking statements. Forward-looking statements are typically identified by words such as believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include that the requisite corporate and TSXV for the Transaction may not be obtained; that the Company or IDA Mining, as applicable, may be unable to satisfy any or all closing conditions necessary for the completion of the Transaction; and other risks that are customary to transactions of this nature. Trading in the securities of the Company should be considered highly speculative. All the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
STAR DIAMOND CORPORATION ANNOUNCES SECOND QUARTER 2025 RESULTS
TSX: DIAM SASKATOON, SK, Aug. 12, 2025 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Company") reports that unaudited financial results for the quarter ended June 30, 2025, will be filed today on SEDAR+ and may be viewed at once posted. All amounts are in thousands of Canadian dollars, except common share or per share amounts or as otherwise noted. Overview Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the "Project"). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project (the "BH Project") located approximately 400 kilometres northwest of Edmonton, Alberta, Canada (see " Corporate Developments"). Fort à la Corne mineral properties The Company currently holds a 100% interest in certain Fort à la Corne ("FALC") kimberlites (see March 26, 2024, news release: Star Diamond Corporation completes acquisition of Rio Tinto's 75% interest in Fort à la Corne Joint Venture) including the Star and Orion South Kimberlites. The FALC mineral properties are located in the Fort à la Corne Provincial Forest, 60 km east of Prince Albert, Saskatchewan. Highway 55, located to the north of the Project, connects Prince Albert with several towns located directly north of FALC to the town of Nipawin, east of FALC. Highway 6 runs north south and is located to the east of FALC. Recent activities relating to the Star - Orion South Diamond Project and Fort à la Corne mineral properties The Revised Mineral Resources estimate (see July 24, 2024 news release: Star – Orion South Diamond Project Revised Mineral Resources Estimate) will now be incorporated into a re-optimized open pit mine plan for the Project, which will include a re-evaluation of Mineral Reserves and an economic assessment based thereon. It is anticipated that this work will be completed during 2025-26 and will result in an updated Pre-feasibility Study including a revised statement of Mineral Reserves for the Project, if warranted, and an economic assessment based thereon. Buffalo Hills mineral properties The Company holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills (BH) Project. Located approximately 400 kilometres northwest of Edmonton, Alberta, Canada, the BH Project includes 21 mineral leases covering 4,800 hectares and is a significant and accessible field of diamond-bearing kimberlites, with similarities to the Company's Fort á la Corne kimberlites. The BH Project is located in the Buffalo Hills Kimberlite District, which contains at least 38 individual kimberlite bodies, of which 26 kimberlites are diamond-bearing and a number of which outcrop at surface. Exploration on these kimberlites started in 1996, and small parcels of diamonds have been collected from various exploration programs on many of those considered most prospective. Corporate Developments On May 16, 2025, the Company announced that it reached an agreement with Spirit Resources s.a.r.l. ("Spirit") to provide funding to the Company by way of a private placement of units for gross proceeds of $4,000 and an interim $800 unsecured loan. The loan bears interest at 6% per annum and matures upon the earlier of the private placement and the date falling on the 180th day after issuance of the loan, unless extended by Spirit in its sole discretion. Quarter End Results For the three months ended June 30, 2025, the Company recorded a net loss of $1,450 or $0.00 per share (2024 – net loss of $1,630 or $0.00 per share). The decrease in net loss was primarily due to the following: Exploration and evaluation expenditures decreased to $463 in 2025 (2024 - $913). Exploration and evaluation expenditures incurred during 2025 were primarily due to security and maintenance, continued diamond analyses, and test work for the FALC Project. Corporate development decreased to $19 in 2025 (2024 - $136) due to reduced marketing and publications issued in 2025. Change in derivative liability increased to a loss of $218 in 2025 (2024 - $nil) due to the changes in the fair values of the embedded derivatives of the convertible debentures. Year to Date Results For the six months ended June 30, 2025, the Company recorded a net loss of $2,416 or $0.00 per share (2024 – net loss of $2,516 or $0.00 per share). The decrease in net loss was primarily due to the following: Exploration and evaluation expenditures decreased to $930 in 2025 (2024 - $1,202). Exploration and evaluation expenditures incurred during 2025 were primarily due to security and maintenance, continued diamond analyses, and test work for the FALC Project. Corporate development decreased to $32 in 2025 (2024 - $274) due to reduced marketing and publications issued in 2025. Loss on investment in Wescan Goldfields Inc. decreased to $nil in 2025 (2024 – loss of $58). Unwinding of discount of environmental rehabilitation provision increased to $132 in 2025 (2024 - $65). Change in derivative liability increased to a loss of $218 in 2025 (2024 - $nil) due to the changes in the fair values of the embedded derivatives of the convertible debentures. On June 30, 2025, the Company had $452 (December 31, 2024 - $164) in cash and cash equivalents and a working capital deficit (excess of current liabilities over current assets) of $1,692 (2024 – working capital deficit of $1,017). The increase in working capital deficit was a result of the unsecured loan payable to Spirit and net cash used in operating activities, offset by proceeds received from convertible debentures and sale of shares in Wescan Goldfields Inc. In 2025, the Company initiated the following cost reductions: We have moved our head office to a smaller area in the same building resulting in a 70% drop in our office lease payments; Certain management/employee functions have been reduced or eliminated; and Site costs have been significantly reduced as operations moved to a care and maintenance basis. A budget has been prepared for the completion of the PFS of $3,000 which is subject to the completion of a financing. However, the ability of the Company to continue as a going concern and fund its expenses in an orderly manner will require additional forms of financing. There can be no assurance that the Company will succeed in obtaining additional financing, now or in the future. Failure to raise additional financing on a timely basis could cause the Company to suspend its operations and planned activities. June 30, 2025 and 2024 is summarized as follows: (1) Basic and diluted. Summary of Quarterly Result (1) Basic and diluted. Outlook Fort à la Corne mineral properties Star Diamond's technical team will focus on the technical investigation and evaluation of the Star – Orion South Diamond Project, with the goal of a future development decision. The initial work was completed in 2024 with a revised Mineral Resource estimate for the Star – Orion South Diamond Project, which will form the foundation of an updated Prefeasibility Study ("PFS"). The PFS will enable a Feasibility Study, on which a production decision can be based. Buffalo Hills mineral properties Management continues to review the recent results from the diamond valuation and typing analysis with a view to possible work programs and a potential path forward for the asset. A more detailed update on activities at Buffalo Hills will be provided as it becomes available. About Star Diamond Corporation Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources. Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project, which includes the Star – Orion South Diamond Project, or the "Project"). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties of the Buffalo Hills Diamond Project (the "BH Project") located approximately 400 kilometres northwest of Edmonton, Alberta, Canada (see " Corporate Developments"). Technical Information All technical information in this press release has been prepared under the supervision of Mark Shimell, VP Exploration, Professional Geoscientist in the Province of Saskatchewan, who is the Company's "Qualified Person" under NI 43-101. Caution Regarding Forward-looking Statements This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. All statements, other than statements of historical fact, are forward-looking statements. These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to Star Diamond and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, statements regarding Rio Tinto Canada, the Company's ability to obtain financing to further the exploration, evaluation and/or development of exploration and evaluation properties in which the Company holds interest, the economic feasibility of any future development projects, developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in Star Diamond's most recently filed Annual Information Form, and annual and interim MDA. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements in this news release are made as of the date hereof and Star Diamond assumes no obligation to update any forward-looking statements, except as required by applicable laws.
Toronto Star
2 hours ago
- Toronto Star
Ascot Reports Second Quarter 2025 Results
VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQB: AOTVF) ('Ascot' or the 'Company') announces the Company's unaudited financial results for the three and six months ended June 30, 2025 ('Q2 2025'). For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2025, please see the Company's filings on SEDAR+ ( All amounts herein are reported in $000s of Canadian dollars unless otherwise specified.
Toronto Star
2 hours ago
- Toronto Star
Cavvy Releases Q2 2025 Financial and Operating Results
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Aug. 12, 2025 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. ('Cavvy' or the 'Company') (TSX:CVVY) is pleased to announce the release of its second quarter 2025 financial and operating results. The Company produced 26,064 boe/d and generated Net Operating Income1 ('NOI') of $26.5 million during the second quarter of 2025. Management's discussion and analysis ('MD&A') and unaudited interim condensed consolidated financial statements and notes for the quarter ended June 30, 2025 are available at and on SEDAR+ at
