- Business
- Mammoth Resources Corp. (TSX-V: MTH) is a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious metal projects, primarily gold and silver deposits, in Mexico. The company holds interests in key properties including the Tenoriba Gold-Silver Project in Chihuahua State, Mexico, comprising multiple concessions covering approximately 177 square kilometers with significant drill-defined mineralization; the El Dorado Gold Project in Sinaloa State; and other early-stage prospects such as the La Mina and Carmela properties. It offers exploration services encompassing geological mapping, geochemical sampling, geophysical surveys, and diamond drilling programs aimed at delineating mineral resources for potential advancement to feasibility studies. Founded in 2011 and headquartered in Vancouver, British Columbia, Mammoth Resources operates exclusively in Mexico, targeting junior mining investors and strategic partners in the precious metals sector. In recent developments, the company completed a non-brokered private placement financing in late 2024 raising approximately CAD 1.5 million to fund continued drilling at Tenoriba; entered into an option agreement in early 2025 with a private Mexican partner to expand land holdings at Tenoriba by 20 square kilometers; and reported promising assay results from 2025 drill campaigns confirming high-grade gold-silver intercepts, supporting a strategic shift toward resource estimation and partnership discussions for project advancement.