American Tungsten expands Ima phase 1 drill program

Executive Summary

• American Tungsten Corp. announced significant progress on the rehabilitation and development of its Ima mine project in Idaho, specifically regarding Phase 1 drilling preparations.
• The company expanded the Phase 1 drilling program scope to include approximately 10,000 feet of drilling across three stations on the D level and two stations on the Zero level to test geological continuity and additional vein systems.
• CEO Ali Haji will host a live investor webinar on November 18 to discuss operational milestones, while the company also engaged Gold Standard Media LLC for investor relations marketing services.

Key Details

• Drilling Program Expansion: Phase 1 drilling scope expanded to ~10,000 feet across 5 stations (3 on D level, 2 on Zero level).
• Objective: Establish geological continuity of the polymetallic tungsten quartz vein system up-dip of the D level and test additional vein systems from the Zero level (previously intersected in mid-2000s Gentor drill holes).
• D-Level Progress:
  • Access crosscut excavation is ~54% complete (~100 feet done, ~86 feet remaining).
  • First diamond drill station expected to be reached by the end of the week following the release.
  • Drill rig and power packs are on site, awaiting mobilization underground.
  • Development of access drifts continues toward the second and third stations.
  • Work is being double-shifted by the contractor to expedite the timeline.
• Zero-Level Progress:
  • Rehabilitation continues; remaining visible debris area estimated to be cleared by the end of the following week.
  • Clearance will allow access to previously rehabilitated areas and new drifts around unstable areas from 1970s operations.
  • Company will assess additional rehabilitation needs to support drilling from the Zero level.
  • Additional staff secured to perform work in parallel with D-level progress.
• Future Planning: Initial planning for Phase 2 of the diamond drill program has begun, extending the scope into Q1 2026.
• Investor Webinar: CEO Ali Haji to host a live webinar on Tuesday, Nov. 18 at 10 a.m. ET/7 a.m. PT to discuss corporate updates, milestones, and answer investor questions.
• Marketing Agreement: Entered into a marketing agreement with Gold Standard Media LLC (GSM) for landing pages, digital marketing, e-mail marketing, and influencer services.
• Consideration: GSM to be paid a cash fee of $48,000 (U.S.).

Notable Quotes

• No direct quotes from the CEO or management were included in the text provided.