American Tungsten Initiates Drilling on Zero Level of IMA Mine, Second Drill Rig Now in Operation

Core Viewpoint - American Tungsten Corp. is advancing its exploration efforts at the IMA Mine, with the initiation of drilling activities and rehabilitation of mine levels, aiming to enhance productivity and identify new mineralization opportunities [2][5]. Drilling and Rehabilitation Progress - A second drill rig is now operational at the IMA Mine, with drilling activities underway on both the upper D-level and mid-Zero Level [1]. - The rehabilitation of approximately 325 feet of the Zero level has been completed, and a new drill station (DSZ-1) has been established [2]. - Drilling from DSZ-1 is designed to assess mineralization in the main IMA vein and test for additional parallel vein systems, with a total of 9 holes planned, amounting to 3,800 feet [2]. Future Drilling Plans - Additional drilling is planned from a second drill station on the Zero level, located approximately 720 feet beyond DSZ-1, with the potential for up to 10,000 feet in 15 holes [3]. - This drilling will target continuity of significant tungsten intercepts and broad zones of tungsten-molybdenum mineralization identified in historical sampling [3]. Historical Context and Production - The IMA Mine is a past-producing underground tungsten mine that operated between 1945 and 1957, producing approximately 199,449 metric tons of WO3 [8]. - The mine has been explored for molybdenum and tungsten by various operators from 1960 to 2010, and American Tungsten Corp. is currently assessing the potential for re-starting underground tungsten mining operations [8][10]. Company Overview - American Tungsten Corp. is focused on high-potential tungsten and magnetite assets in North America, with the IMA Mine Project being a historic and high-quality property situated on private-patented land [10]. - The company holds an exclusive option to acquire full ownership of the IMA Mine, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [10].