American Tungsten Initiates Drilling in Historical Tailings and Strengthens Its Geological Team

Core Viewpoint - American Tungsten Corp. is initiating an auger drilling program at the IMA Mine site in Idaho to assess historical tailings and unlock potential value from tungsten and silver resources [1][3]. Drilling Program Details - The auger drilling program will cover 30 acres of historical tailings, with 35 drillholes planned to a total depth of approximately 370 feet [2]. - The drilling is expected to last about one week, focusing on delineating tailings thickness and collecting samples for assay [2]. Historical Tailings Analysis - Preliminary samples from historical tailings indicate an average of 0.25% WO3 and 0.48 oz/t Ag [2]. - Historical estimates suggest the Lower Tailings Impoundment contains approximately 222,000 cubic yards of tailings, with previous sampling showing averages of 0.235% WO3 and 0.45 oz/t Ag [4]. Strategic Importance - The tailings drilling program is viewed as a critical strategy to enhance the understanding of the IMA Mine's potential, with modern processing technologies expected to improve recovery rates significantly compared to those used in the 1950s [3]. - The tailings are considered a low-cost early-production opportunity that could generate near-term cash flow while contributing to site restoration efforts [3]. Team Expansion - Max Baker has joined American Tungsten as an Advisor, bringing over 45 years of global exploration experience, which is expected to aid in advancing the company towards production [7][8]. Company Background - American Tungsten Corp. focuses on high-potential tungsten and magnetite assets in North America, particularly the IMA Mine Project, which is a historic underground tungsten mine [13]. - The IMA Mine has a history of production from 1945 to 1957, yielding approximately 199,449 MTUs of WO3 [9].