Monitor for drill results from the permitted pads at Mustang South and further exploration updates at Mustang North. The stock option grant at $4.30 CAD provides a reference point for insider alignment.
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Executive Summary
Black Mammoth Metals announced it has extended the main target zone at its Mustang Gold and Silver Property in Nevada, obtained a drill permit from the BLM, and staked additional claims. The company also granted incentive stock options to directors and consultants. This is an early-stage exploration update with no economic resource defined.
Key Facts
- A Notice of Intent (NOI) level drill permit with the BLM has been obtained for Mustang Main and Mustang South.
- 25 rock chip samples were collected from four shallow trenches; 15 samples returned gold grades exceeding 0.100 g/t Au with a peak value of 0.403 g/t Au.
- The Company has staked 54 new federal lode claims, bringing the total to 203 claims covering approximately 1658 hectares (4099 acres).
- Incentive stock options were granted to purchase up to 1,160,000 common shares at $4.30 CAD per share for a 5-year period.
- $10,000 was paid to a private vendor in May 2026 for two federal lode claims at Mustang South, subject to a 2% NSR with half buyable for $500,000.
Financial Impact
No revenue or earnings reported. $10,000 paid for two claims; option grant at $4.30 CAD per share.
Risk Factors
- Exploration-stage company with no proven reserves or production.
- Drill results may not confirm economic mineralization.
- Forward-looking statements subject to permitting, financing, and commodity price risks.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-429002 |
| Document: d24159d6k.htm | 0001193125-26-429002 |
| Document: 0001193125-26-429002-index-headers.html | 0001193125-26-429002 |
| Document: 0001193125-26-429002-index.html | 0001193125-26-429002 |
| Document: 0001193125-26-429002.txt | 0001193125-26-429002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $2.90 | awaiting T+20 | — | $2.95 (+1.72%) |
Oct 22, 2026 4d ago | 6-K | $2.95 | awaiting T+20 | — | $2.95 (+0.00%) |
US Market Status
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