American Tungsten Advances Underground Drill Program at IMA Mine

Executive Summary

• American Tungsten Corp. reports completion of 2,120 ft of underground drilling across six holes at the IMA Mine’s first D‑Level drill station.
• Visual intersections with quartz veins bearing hubnerite (MnWO₄) were observed over a 400 ft strike and 250 ft up‑dip envelope; assay results are pending.
• The Phase 1 underground program now targets an additional 3,850 ft of drilling across nine holes at second and third D‑Level stations, with the Zero Level drill program expanded to 8,000 ft.

Key Details

• Drilling Completed: 2,120 ft total, six holes (first D‑Level station) completed since early December; final hole at this station underway.
• Mineralization Encountered: Quartz veins intersecting hubnerite mineralization observed in all drillholes; vein intersections span ~400 ft along strike and ~250 ft up‑dip from the D‑level.
• Upcoming Drilling Plan: 3,850 ft planned across nine holes at second and third D‑Level stations (Phase 1 program).
• Underground Rehabilitation: Ongoing work on upper D Level and Zero Level to support continued drilling activity.
• Zero Level Expansion: Drill program increased from 6,700 ft to 8,000 ft with addition of a new drill station for Phase I & II.
• Assay Status: Samples submitted to ALS Minerals (Twin Falls, ID) in December 2025; results pending—no guarantee that visual mineralization will be confirmed by assay grades or economic viability.
• Geological Interpretation: Hubnerite‑bearing quartz veins intersected in all holes; No. 5 and No. 7 veins appear laterally continuous between drillholes.
• Project Timeline: Phase 1 aims to delineate historic tungsten vein systems and address low‑risk target areas by end of Q1 2026.

Notable Quotes

“The initial drillholes at the IMA Project are successfully intersecting the vein system along strike of historical resources. While assay results are still pending, these early intersections reinforce the geological model and validate our disciplined, phased approach to resource expansion.” – Ali Haji, CEO, American Tungsten Corp.