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An update from Demesne Resources Ltd. ( (TSE:TUNG) ) is now available.
American Tungsten Corp. has completed its first drillhole in the Phase 1 program at the IMA mine project, intersecting hubnerite and scheelite tungsten mineralization across multiple intervals in the No. 5 and No. 7 vein systems, with a second hole in progress. While assays are still pending, the visual confirmation of tungsten-bearing minerals, strong core recoveries and expanded drilling shifts suggest growing confidence in validating and extending historical resources, potentially enhancing the project’s scale and supporting the company’s growth ambitions in the tungsten sector by the end of the first quarter of 2026.
More about Demesne Resources Ltd.
American Tungsten Corp. is a mineral exploration company focused on tungsten, advancing its IMA mine project where it is targeting multiple historical sheeted tungsten vein systems. The company’s strategy centers on delineating and potentially expanding known tungsten mineralization across several priority veins at the project to support future resource growth and development.
Average Trading Volume: 522,503
Technical Sentiment Signal: Buy
Current Market Cap: C$57.01M
Find detailed analytics on TUNG stock on TipRanks’ Stock Analysis page.