Compiles Historical Drilling Data for IMA Mine Project in Idaho, USA
American Tungsten Corp. Compiles Historical Drilling Data for
IMA Mine Project in Idaho, USA
Vancouver, BC, February 5, 2025 – American Tungsten Corp. (CSE:TUNG)
(OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) announces that it
has completed initial compilation and assessment of historical drillhole information from Gentor
Resources, Inc. (“Gentor”). Gentor drilled 13 holes on the IMA Mine property in 2007 and 2008
totalling 22,088 feet. Information from the histor ical drilling program is well documented by
digital and printed records and existing drill core.
“Historical drilling and exploration work on the property is a significant asset to the IMA tungsten
project,” said Murray Nye, CEO American Tungste n Corp. “We are pleased with our review of
the Gentor data and believe it can be comprehensively validated and used to support future reports
and studies.”
The IMA Mine is a past produci ng underground tungsten mine situ ated on 22 patented claims
located in East Central Idaho. Between 1945 and 1957, the property pr oduced approximately
199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various
operators between 1960-2008(1).
Records from Gentor’s 2007-2008 drilling program consist of drilllogs, ½ sawn drillcore, survey
and sample records, assay certificates and QA-QC data. American Tungsten compiled the Gentor
drilling records and assay data obtained directly from the assay lab into an electronic database and
completed initial verifications and validations. Significant tungste n intercepts in historical
drillcore were also reviewed by American Tungsten geology staff and independent QPs while on-
site January 14-16th, 2025.
Gentor explored the IMA Mine in 2007 and 2008, principally for molybdenum. However, drilling
intersected significant tungsten as well. In a ddition to historical molybdenum intercepts,
significant tungsten intercepts in quartz veins, as previously reported by Gentor, include:
● Hole IMA-21: 20.5 feet grading .058% MoS(2), .394% W, 1 oz/ton Ag, .111% Cu (copper),
.416% Pb (lead) and .106% Zn (zinc) from 336 feet to 356.5 feet.(2,4)
● and 9.5 feet grading .326% W, .96 oz/ton Ag, .145%Cu, .263% Pb, and .328% Zn from
1212.4 to 1221.9 feet. (2,4)
● Hole IMA-23A: 10 feet grading 1.448% MoS2, .583% W, 4.22 oz/ton Ag, .264% Cu from
(1400 ft – 1410 ft). (3,4)
● Hole IMA-24: 7.1 feet grading .021% MoS2 , .483% W, 1.03 oz/ton Ag, .079% cu and
.361% Zn from 661 feet to 668.1 feet. (3,4)
1Bradley Mining Company, 1958; Summarized Information on IMA Mine, Lemhi Co, Patterson, Idaho. Company Report, 6p.
2 January 9, 2008 , Gentor Intercepts Significant Molybdenum, Tungsten And Silver Mineralization At Its Idaho Moly Project
3 February 28, 2008, Gentor Receives Assay Reports Indicating High Grade Moly, Tungsten And Silver Mineralization
4 Drillholes may be oriented oblique to structures and may not be representative of true-width of mineralization. True widh is unknown.
In addition to those reported historically, American Tungsten has identified numerous significant
additional vein intercepts in legacy drilling da ta sets and plans to undertake a comprehensive
verification program to validate the results. Neither American Tungsten, nor its Qualified Person,
has done sufficient work to verify historical drillhole information. American Tungsten is not
treating the historical drillhole information as curre nt drilling results. Historical drillhole results
are believed to be substantially factual and re levant in that they demonstrate the tenor of
exploration targets on the property.
ABOUT AMERICAN TUNGSTEN CORP.
American Tungsten Corp. (previously Demesne Re sources Inc.) is a Ca nadian-based company
involved in the acquisition and e xploration of magnetite mineral properties. The Company's Star
Project consists of five contiguous mineral titles covering an area of approximately 4,615.75
hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has
entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest
in the Star Project. American Tungsten has also entered into an option agreement, pursuant to
which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a
past producing underground tungsten mine situated on 22 patented claims located in East Central,
Idaho, United States.
Social media links:
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ON BEHALF OF THE BOARD OF DIRECTORS:
Murray Nye
CEO
1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada
For further information, please contact:
Murray Nye, CEO
Email: [email protected]
Phone: +1 (416) 300-7398
CSE:TUNG
OTCQB:DEMRF
FSE:RK9
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this release and has neither approved nor disapproved the contents of this press release.
This news release includes certain statem ents that may be deemed “forward-looking
statements”. All statements in this news release, other than statements of historical facts, that
address events or developments that the Com pany expects to occur, are forward-looking
statements. Forward-looking stat ements are statements that ar e not historical facts and are
generally, but not always, identified by the words “believes”, “expects”, “plans”, “anticipates”,
“intends”, “estimates”, “projects”, “potential” an d similar expressions, or that events or
conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes
the expectations expressed in such forward- looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in the forward-look ing statements. Forward looking statements in
this news release include statements respectin g: (i) the IMA Mine Project and the mineral
prospects thereon, (ii) the Company's perfor mance of its obligations under the Option
Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities
on the IMA Mine Project. Factors that could cause the actual results to differ materially from
those in forward-looking statements include the receipt of regulatory approvals, market prices,
continued availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments ma y differ materially from those projected in
the forward-looking statements. Forward-looking statements are based on the beliefs, estimates
and opinions of the Company’s management on the date the statements are made. Except as
required by applicable securiti es laws, the Company undertakes no obligation to update these
forward-looking statements in the event that management's beli efs, estimates or opinions, or
other factors, should change.
Neither American Tungsten, nor its Qualified Person, has done sufficient work to verify
historical drillhole information. American Tungst en is not treating th e historical drillhole
information as current drilling results. Historical drillhole results are believed to be
substantially factual and relevant in that they demonstrate the te nor of exploration targets on
the property. Drillholes may be oriented oblique to structures and may not be representative of
true-width of mineralization.
Technical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in National In strument 43-101 — Standards of Disclosure for
Mineral Projects (“NI-43-101”). Austin Zinsser, P.G., SME-RM, Vice President, Exploration
for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved
the scientific and technical information in this Presentation.