American Tungsten Reports Drilling Results from IMA Project, Expands Tungsten-Silver Mineralization

Executive Summary

• American Tungsten reports significant tungsten‑silver intercepts from recent underground drilling at the IMA Mine, extending the No. 5–No. 7 vein system >300 ft up‑dip and >350 ft along strike.
• Highlight holes include AT25‑06 (14.2 ft @ 0.67 % WO₃, 1.15 oz/t Ag) and AT25‑07 (17 ft @ 1.28 % WO₃, 3.53 oz/t Ag).
• Ongoing Phase 1 drill program plans an additional ~2,800 ft on the D level and up to 10,000 ft on the Zero level to further delineate the vein system.

Key Details

• Drillhole AT25‑06: 14.2 ft interval grading 0.67 % WO₃ and 1.15 oz/t Ag.
• Drillhole AT25‑07: 17 ft interval grading 1.28 % WO₃ and 3.53 oz/t Ag.
• AT26‑05 (oblique hole): Multiple zones; e.g., 20.6 ft @ 0.25 % WO₃, 11 ft @ 0.23 % WO₃, confirming continuity over 350 ft south of AT25‑01.
• AT26‑06: Intercepts include 14.8 ft @ 0.31 % WO₃, 2.6 ft @ 0.83 % WO₃, and 14.2 ft @ 0.67 % WO₃ with 1.15 oz/t Ag.
• AT26‑07: Partial results; 17 ft @ 1.28 % WO₃ and 3.53 oz/t Ag reported; remaining intervals pending assay.
• Total drilling to date: 11 holes on D level + 3 holes on Zero level ≈ 5,000 ft completed; additional ~2,800 ft planned on D level and up to 10,000 ft on Zero level.
• Assay methodology: Core split, samples sent to ALS Global; WO₃ calculated from ppm using stoichiometric factor 1.2611, Ag reported in troy oz/ton.
• Qualified Person: Austin Zinsser, P.G., SME‑RM, VP Exploration, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“These results continue to demonstrate that the IMA Mine hosts a robust and laterally extensive tungsten‑silver system,” – Ali Haji, CEO, American Tungsten Corp.
“The consistency of mineralization we are defining strengthens our confidence in the project's scale and supports our path toward a modern resource and the potential restart of mining operations.” – Ali Haji