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Demesne Resources Ltd. ( (TSE:TUNG) ) has issued an update.
American Tungsten Corp. has commenced its Phase 1 diamond drill program at the IMA Mine in Idaho, marking a significant step towards commercial production. The program aims to test multiple tungsten vein systems and validate historical resource bases, positioning the company to become the first commercial tungsten producer in the United States. The initiative involves drilling approximately 12,100 feet across various stations to establish geological continuity and test additional vein systems, with infrastructure upgrades underway to support further drilling.
More about Demesne Resources Ltd.
American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The company is advancing the Ima Mine Project in Idaho towards commercial production, addressing critical mineral needs.
Average Trading Volume: 507,895
Technical Sentiment Signal: Buy
Current Market Cap: C$55.8M
See more insights into TUNG stock on TipRanks’ Stock Analysis page.