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An announcement from Demesne Resources Ltd. ( (TSE:TUNG) ) is now available.
American Tungsten Corp. reported initial results from the second drill station on the D-level of its IMA Mine in Idaho, showing significant tungsten-silver intercepts in all drillholes. The results extend the known strike length of the polymetallic vein system to the northwest and up-dip from historic workings, confirming continuity of mineralization.
The company has now completed 15 drillholes on the D-level and eight on the Zero level, totaling about 7,800 feet of drilling aimed at confirming historical reserves and expanding mineralization limits. Management says the consistent widths and grades across multiple holes support their geological model and bolster confidence in advancing toward a modern resource estimate at the past-producing operation.
More about Demesne Resources Ltd.
American Tungsten Corp. is a mineral exploration company focused on developing tungsten and associated polymetallic resources in the United States. Its flagship asset is the historic IMA Mine in Lemhi County, Idaho, where the company is targeting tungsten-silver vein systems to define a modern, mineable resource in a domestic supply context.
Average Trading Volume: 341,310
Technical Sentiment Signal: Buy
Current Market Cap: C$116.7M
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