Mammoth Minerals (ASX:M79) has launched a new phase of reverse circulation drilling at its Excelsior Gold Project in Nevada.
The move follows compelling assay results that point toward a massive, "Carlin-style" gold system—a geological signature shared by some of the most prolific gold deposits on Earth.
The exploration is currently centered on the 5km-long Buster Trend, where detailed diamond core logging has confirmed sediment-hosted mineralisation.
Recent intercepts have returned high-grade results, including 6.32m @ 2.10g/t Au and a sharp hit of 0.71m @ 15.76g/t Au.
The figures build on previous "maiden" drilling success that saw grades as high as 14.4m @ 4.33g/t Au.
Operations are moving swiftly, with crews exceeding 140m per shift and initial assay results anticipated within four weeks.
Simultaneously, the company has widened its footprint at the Blue Dick Zone.
The silver-rich polymetallic area has expanded to over 5km2, with surface samples yielding spectacular grades of 5,680g/t Ag and 7.65g/t Au, alongside antimony, copper, and zinc.
At the time of reporting, Mammoth Minerals’ share price was $0.085.