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Black Mammoth Metals Provides Exploration Update For the 305 Property in Nevada

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-- Black Mammoth Metals (BMM.V), down 8.5% on last look, on Monday said a ground gravity survey of its 305 property in Nevada delineated another drill target area, trending in a north-south direction, intersected by a northeast- trending gravity anomaly.

There has not been any known drilling in the new drill target area in the south indicated by the company's gravity and IP surveys, a statement said.

The 305 property is drill ready subject to completion of a Bureau of Land Management (BLM) Notice of Intent, Black Mammoth confirms.

The company also staked nine unpatented lode claims on lands administered by the BLM. Together with the 40 existing claims, the 305 property now covers a total of 409 hectares (1012 acres).

Black Mammoth Metals shares were last seen down $0.33 to $3.55 on the TSX Venture Exchange.

Price: $3.55, Change: $-0.33, Percent Change: -8.51%

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