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ABX 51.74 −0.9% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.40 +7.7% TUNG 1.73 +2.4% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.37 −0.9% SGZ 0.045 +0.0% S 0.155 +29.2% GRSL 0.315 −1.6% DEX 0.390 +1.3% WMS 0.040 +0.0% EMPR 0.830 +1.2% ABX 51.74 −0.9% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.40 +7.7% TUNG 1.73 +2.4% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.37 −0.9% SGZ 0.045 +0.0% S 0.155 +29.2% GRSL 0.315 −1.6% DEX 0.390 +1.3% WMS 0.040 +0.0% EMPR 0.830 +1.2%
Drill Results Routine +

American Tungsten Reports 125 Feet of Tungsten-Silver Mineralization

American Tungsten targets Q3 resource definition at the IMA Mine with consistent drill results and a $40M war chest.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 07:01 TUNG · 2.09 American Tungsten Corp
Executive Summary
  • American Tungsten Corp. reported drill results from the zero level of its Ima Mine project in Idaho.
  • Drill hole AT26-21 intersected over 125 aggregate feet of tungsten-silver mineralization, including high-grade intervals up to 1.286% WO3 and 2.751 oz/t Ag.
  • The intersection confirms a broader-scale secondary W-Ag vein system approximately 100 feet east of historic production stopes.
  • Hole AT26-25 extended known molybdenum mineralization within the Ima intrusive stock and intersected tungsten-bearing quartz veins at depth.
  • Management reaffirmed its Phase 2 exploration strategy, targeting a "meaningful resource" by the end of the third fiscal quarter.
  • Four drill rigs (two surface, two underground) remain active as part of the ongoing 35,000-foot campaign.
Material Impact
  • The results are consistent with the company's established exploration roadmap and previous positive drill announcements.
  • They validate the geological continuity of the Ima system and support the technical feasibility of an underground restart.
  • No new financial guidance, major strategic pivot, or capital raise is introduced.
  • The news reinforces the exploration thesis but does not materially alter the capital requirements, timeline, or risk profile.
  • Impact is incremental to the existing narrative, serving as a follow-up to the company's ongoing Phase 1/2 drilling program.
TUNG · Price
Company Overview
  • American Tungsten Corp. is a pre-revenue exploration and development company focused on the IMA Mine in Idaho, USA.
  • The IMA Mine is a historic underground tungsten producer (1945-1957) that generated ~199,449 MTU of WO3.
  • The company operates a two-track development platform: Phase I focuses on tailings evaluation and potential processing, while Phase II targets the underground mine restart.
  • The company recently transitioned its listing from the CSE to the TSX Venture Exchange (ticker: TUNG) in May 2026.
  • Strategic exposure to the tungsten sector is expanded through a minority investment in Viking Mines Ltd. (VKA).
Read the original news release →

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