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Demesne Resources Ltd. ( (TSE:TUNG) ) has provided an update.
American Tungsten Corp. has launched an auger drilling program across 30 acres of historical tailings at the IMA Mine site in Lemhi County, Idaho, to define tailings thickness and collect samples for assay and density testing. The work follows preliminary trench sampling showing encouraging tungsten and silver grades, and is designed to evaluate a low-cost, early-production scenario that could deliver near-term cash flow while contributing to site restoration.
The company has also strengthened its geological capability by appointing veteran geologist Max Baker as an advisor, bringing more than four decades of global exploration and project development experience. Management says his expertise in turning geological potential into mine-ready resources will support the push toward production this year and bolster American Tungsten’s effort to establish a domestic tungsten supply base in the United States.
More about Demesne Resources Ltd.
American Tungsten Corp. is a mineral exploration and development company focused on advancing the past-producing IMA Mine in east-central Idaho. The company targets tungsten, with additional silver and base metal by-products, aiming to build a domestic U.S. tungsten supply through reprocessing historical tailings and redeveloping legacy underground mine workings.
Average Trading Volume: 315,724
Technical Sentiment Signal: Buy
Current Market Cap: C$142.9M
For a thorough assessment of TUNG stock, go to TipRanks’ Stock Analysis page.