Northwire Canada EditionFriday, August 7, 2026
Northwire
UTWO 0.380 +2.7% KTN 1.30 +3.2% PEX 0.200 +2.6% BTO 6.95 +21.1% SRC 1.71 −1.2% FTJ 0.040 +0.0% WMS 0.040 +0.0% TUO 1.56 +1.3% LMR 0.120 +0.0% STND 0.075 +3.5% ASE 0.940 +4.4% YGT 0.185 +2.8% SMY 0.200 +0.0% STS 0.240 +11.6% HSTR 1.97 +4.8% CTG 0.110 +0.0% UTWO 0.380 +2.7% KTN 1.30 +3.2% PEX 0.200 +2.6% BTO 6.95 +21.1% SRC 1.71 −1.2% FTJ 0.040 +0.0% WMS 0.040 +0.0% TUO 1.56 +1.3% LMR 0.120 +0.0% STND 0.075 +3.5% ASE 0.940 +4.4% YGT 0.185 +2.8% SMY 0.200 +0.0% STS 0.240 +11.6% HSTR 1.97 +4.8% CTG 0.110 +0.0%
Drill Results

American Tungsten Commences Phase I Diamond Drill Program at the IMA Mine

TUNG · Price

Executive Summary

  • American Tungsten Corp. has started its Phase 1 diamond drilling program at the IMA Mine, targeting five priority tungsten vein systems.
  • The initial drill station on the D Level is underway with five holes planned (~1,950 ft) to validate and extend the No. 5 and No. 7 veins; additional stations will add ~3,500 ft of drilling in Q1 2026.
  • Infrastructure upgrades—including a new 150 kW generator and drift development—are progressing to support up to ~12,100 ft of total Phase 1 drilling across multiple levels.

Key Details

  • Program Scope: Approximately 12,100 ft of diamond drilling across three stations on the D Level and two stations on the Zero Level.
  • Initial Drilling: First station on the D Level active; five holes planned totaling ~1,950 ft to test the No. 5‑7‑9 vein system.
  • Future Drilling Schedule: Additional 3,500 ft of drilling from the second and third D‑Level stations slated for late December 2025 through January 2026.
  • Zero Level Work: Rehabilitation and infrastructure upgrades underway to enable ~6,700 ft of planned drilling at Zero Level.
  • Target Veins: No. 5 and No. 7 Vein system, IMA West Vein, Eastern Vein, Main IMA Vein – identified as priority exploration targets in the June 10 2025 release.
  • Infrastructure Additions: Installation of a new 150 kW generator to power the drilling program; continued drift development (~325 ft remaining) to access drill stations.
  • Objective: Delineate historical tungsten‑silver quartz vein systems, establish geological continuity up‑dip and along strike, and test additional molybdenum mineralization, with the goal of expanding known mineralization by end of Q1 2026.

Notable Quotes

“The commencement of this Phase 1 drill program marks the next step in advancing the IMA Mine toward commercial production… we are building confidence in the asset while positioning American Tungsten to become the first commercial tungsten producer in the United States.” – Ali Haji, CEO

Read the original news release →

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