American Tungsten Reports Initial Drilling Results from IMA Tungsten Project, Significant Tungsten-Silver Intercepts in All Drillholes

Executive Summary

• American Tungsten reported high‑grade tungsten‑silver intercepts from initial underground drilling at the IMA Mine (e.g., 31 ft @ 0.48% WO₃ & 1.84 oz/t Ag).
• The results support advancement toward a defined mineral resource and indicate a silver by‑product that could offset operating costs.
• Phase 1 drilling is ongoing with additional ~3,600 ft completed and further ~12,600 ft planned across D‑Level and Zero Level stations.

Key Details

• Hole AT25‑01: 31 ft interval grading 0.48% WO₃ and 1.84 oz/t Ag (true width estimated at 60%).
• Hole AT25‑02: 11.1 ft interval grading 1.08% WO₃ and 2.05 oz/t Ag (true width reported).
• Hole AT25‑03: 16.3 ft interval grading 0.54% WO₃ and 1.79 oz/t Ag (true width estimated at 60%).
• Additional intercepts across the four holes show consistent mineralized quartz veins with hubnerite, scheelite, tetrahedrite, galena, sphalerite, chalcopyrite, fluorite, and rhodochrosite.
• Total Phase 1 drilling to date: 10 underground holes ≈ 3,800 ft on rehabilitated D‑Level; 4 holes reported in detail, assays for remaining holes pending.
• Planned drilling: 7 more holes (~2,600 ft) from the second D‑Level station; development of Zero Level drill station complete with a second rig being set up for up to 20 holes (~10,000 ft).
• QA/QC: Core handled under chain‑of‑custody; samples assayed by ALS Global using ICP‑MS and fire assay methods; qualified person (Austin Zinsser, P.Geo., SME‑RM) approved technical content per NI 43‑101.
• Forward‑looking statements indicate the company will use these results to define a mineral resource and move toward project development.

Notable Quotes

“These results show strong grades over significant widths… They will support the definition of a Mineral Resource—an important step toward bringing the mine online.” – Ali Haji, CEO

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