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An announcement from Demesne Resources Ltd. ( (TSE:TUNG) ) is now available.
American Tungsten Corp. reported encouraging initial metallurgical test results from its IMA Tungsten Project in Idaho, showing the tungsten-silver mineralized material responds strongly to dense media and gravity separation. The company views these results, combined with its recently completed $40 million financing, as support for an efficient, scalable processing route and an accelerated technical de-risking and development program.
Test work by Sepro Laboratories on polymetallic quartz vein material achieved over 90% WO3 recovery through staged Falcon gravity concentration with regrinding and strong recoveries via heavy liquid separation and flotation of associated sulfides. American Tungsten and its contractors are now interpreting the data and planning further metallurgical and process design testing, including variability and tailings work, to refine flowsheet design and support a potential mine restart at the IMA Mine.
More about Demesne Resources Ltd.
American Tungsten Corp. is a mineral exploration and development company focused on the IMA Tungsten Project in Lemhi County, Idaho, a past-producing underground tungsten mine. The company is working to advance tungsten-silver resources and assess the potential restart of underground mining operations at the historic IMA Mine.
Average Trading Volume: 314,375
Technical Sentiment Signal: Buy
Current Market Cap: C$137.1M
Find detailed analytics on TUNG stock on TipRanks’ Stock Analysis page.