Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Demesne Resources Ltd. ( (TSE:TUNG) ) has shared an update.
American Tungsten Corp. has reported initial underground drilling results from its Phase 1 program at the IMA Tungsten Mine in Idaho, with all four reported holes intersecting significant tungsten and silver mineralization over meaningful widths. The confirmatory results from the No.5, No.7 and interpreted No.9 vein systems support the company’s objective of defining a mineral resource at the project.
The company says the strong tungsten grades and consistent silver credits underscore the high-quality nature of the IMA asset and suggest silver byproducts could help offset future operating costs. With 10 holes completed and assays pending for additional drilling on the D-level, American Tungsten plans to continue fan drilling and advance metallurgical work as it moves the mine toward potential development.
More about Demesne Resources Ltd.
American Tungsten Corp. is a mineral exploration and development company focused on advancing the IMA Tungsten Mine in Lemhi County, Idaho. The company targets tungsten and associated silver mineralization, aiming to apply modern exploration methods to a historically underexplored asset in North America’s critical metals supply chain.
Average Trading Volume: 358,196
Technical Sentiment Signal: Buy
Current Market Cap: C$109M
Find detailed analytics on TUNG stock on TipRanks’ Stock Analysis page.