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The latest announcement is out from Demesne Resources Ltd. ( (TSE:TUNG) ).
American Tungsten Corp. has begun drilling on the Zero level of the IMA Mine in Idaho and now has a second drill rig operating alongside ongoing work on the upper D level. The company has rehabilitated about 325 feet of the Zero level, established a new drill station, and designed an initial nine-hole, 3,800-foot program targeting the main IMA vein and a parallel vein system, with further exploratory holes planned at depth.
A second drill station farther along the Zero level is slated for up to 10,000 feet of drilling in 15 holes to test continuity of historical tungsten intercepts and broader tungsten-molybdenum zones identified by past operators. These efforts build on more than 4,200 feet of drilling completed on the D level since December 2025 and represent a significant ramp-up of underground exploration as the company evaluates the mine’s potential to return to commercial production.
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 historic IMA Mine in Idaho, a past-producing underground tungsten operation on private patented land, as it assesses the potential restart of underground mining to help address critical metal scarcity in the region.
Average Trading Volume: 352,689
Technical Sentiment Signal: Buy
Current Market Cap: C$121.1M
See more data about TUNG stock on TipRanks’ Stock Analysis page.