Preparation of Technical Report on the IMA Mine Tungsten Project
Demesne Resources Ltd. Initiates Compilation of Historical Data
and Preparation of Technical Report on the IMA Mine Tungsten
Project in Idaho, USA
● Demesne initiates compilation of historical information on the IMA Mine Project
● A-Z Mining Professionals is contracted to prepare a 43-101 Technical Report
Vancouver, BC, January 15, 2025 – Demesne Resources Ltd. (CSE:DEME)
(OTCQB:DEMRF) (FSE:RK9) (“Demesne” or the “Company”) announced that it has begun
compilation of historical data on the IMA mine to support prep aration of a Technical Report on
the property. Demesne has contracted A-Z Mining Professionals to prepare the report, a mining
consultancy firm with extensive experience in development of Tungsten, precious metals and base
metals projects utilizing open pit narrow vein and bulk underground mining methods.
Independent project QPs are curre ntly conducting a site visit with Demesne geology staff and
contractors to catalog historical data and review drillcore from prior exploration programs. For
more information concerning the Company’s engagement with A-Z Mining Professionals, please
refer to the company’s press release dated January 9, 2025.
“Further to our long-term operational strategy, Demesne has initiated technical work on the
property, beginning with the preparation of a Technical Report.” said Murray Nye, CEO of
Demesne Resources Ltd. “We have a large amount of historical informa tion on the property,
including maps, reports, drillhole data, and prod uction information dating back to the 1940s. Our
QPs and geology staff are conducting a site visit this week in order to identify, catalog, and digitize
the key records.”
The IMA Mine is a past produc ing underground tungsten mine s ituated 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).
Historical data sets available to guide future exploration development and project planning
include:
Drillhole data sets from Bradley, Inspiration, Gentor and others including logs, surveys,
assay certificates and other records.
1 Bradley Mining Company, 1958; Summarized Information on IMA Mine, Lemhi Co, Patterson, Idaho. Company Report, 6p.
2 These historical resource estimates pre-date the implementation of NI 43-101 and do not use categories stipulated by CIM. The estimates were
prepared for the Bradley Mining Company and Inspiration Development Company and should not be relied upon until they have been verified.
Demesne Resources has not verified these historical estimates. The historical estimates are discussed only to demonstrate the tenor and size of
exploration targets that exist on the property.
A large number of detailed underground maps and sections showing historical
development, drilli ng, sampling and survey point s from 1950 Bradley and 1980s
Inspiration work.
Company reports and records containing historical production data, metallurgical testwork,
historical Non-43-101 compliant resource estimates(2).
Digital data sets including historical scans, CAD data and drillhole database files.
“The extensive historical data available on the IMA mine is invaluable for quickly advancing this
project towards development.” said Murray Nye.
The Company plans to continue work to digitize and verify historical information and records in
support of developing a 43-101 compliant Mineral Resource for the property, in conjunction with
initiating project planning and trad e off studies, and planning for sample collection activities for
verification and metallurgical studies.
ABOUT DEMESNE RESOURCES LTD.
Demesne Resources Ltd. is a British Columbia based company involved in the acquisition and
exploration of magnetite mineral properties. The Company's Star Project consists of five
contiguous mineral titles covering an area of approximately 4,615.75 hect ares 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.
Demesne has also entered into an option agreem ent, pursuant to which it can acquire a 100%
interest (subject to a 2% roya lty) in and to the IMA Mine Proj ect, a past producing underground
tungsten mine situated on 22 patented claims located in East Central, Idaho, United States.
Social media links:
LinkedIn: https://www.linkedin.com/company/demesneresources/
X: https://x.com/demesneresource
Facebook: https://www.facebook.com/DemesneResources
Instagram: https://www.instagram.com/demesneresources/
YouTube: https://www.youtube.com/@demesneresources
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:DEME
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 “expects”, “plans”, “anticipates”, “believes”,
“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.
Statements concerning historical mineral resources and production on the property have been
obtained through both public and private sources, and are believed to be substantially factual
and relevant in that they demonstrate the teno r of exploration targets on the property. These
historical resource estimates pre-date the implementation of NI 43-101 and do not use categories
stipulated by CIM. Prior operators assigned confidence categories which differ from those
stipulated by CIM, as they may not have demonstrated economic viability. The estimates should
not be relied upon until they have been verified. Neither Demesne Resources, nor its Qualified
Person, has done sufficient work to classify the historical estimates as current mineral resources
or to verify historical information regarding past production or exploration. Demesne Resources
is not treating the historical estimates as current mineral resources or mineral reserves.
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.