American Tungsten Initiates Drilling in Historical Tailings and Strengthens Its Geological Team

Executive Summary

• American Tungsten Corp. has commenced a one‑week auger drilling program on the historic lower tailings impoundment at the IMA Mine, planning 35 drillholes (~370 ft total) over 30 acres to delineate tailings thickness and collect assay samples.
• Historical tailings sampling (reported Jan 20, 2026) shows average grades of ~0.25 % WO₃ and ~0.48 oz/t Ag, with individual test pits ranging from 0.11‑0.41 % WO₃ and up to 0.93 oz/t Ag.
• The company announced the addition of Max Baker as an Advisor to its geological team, bringing 45 years of global exploration experience.

Key Details

• Drilling Program
• Contractor: Haz‑Tech Drilling Inc. (Nampa, ID) – hollow‑stem auger drilling.
• Scope: 35 drillholes, total depth ≈ 370 ft, covering ~30 acres of historic tailings.

• Objective: Define tailings thickness, collect in‑situ density and assay samples; program duration ≈ 1 week.

• Historical Tailings Sampling (Jan 20, 2026)

• Composite average: 0.253 % WO₃, 0.019 % MoS₂, 0.476 oz/t Ag, 0.033 % Cu, 0.082 % Pb, 0.087 % Zn.
• Test Pit results (selected):
  • Hole 1103821 – 3.5 ft: 0.414 % WO₃, 0.014 % MoS₂, 0.93 oz/t Ag.
  • Hole 1103824 – 6 ft: 0.303 % WO₃, 0.027 % MoS₂, 0.46 oz/t Ag.

• Estimated tailings volume: ~222,000 cubic yards (≈30 acres).

• Advisor Appointment

• Max Baker joins as Advisor to the geological team.
• Experience: 45 years across Australia, Asia, Europe, Americas; former VP Exploration & Co‑Founder of Integra Resources; co‑founder of Chariot Corp. (ASX).

• Role: Provide expertise in advancing projects from exploration through resource definition and development.

• Company Context

• IMA Mine: historic underground tungsten producer (1945‑1957) with ~199,449 MTU WO₃ produced; current focus on re‑starting underground mining.
• QA/QC: Samples processed by ALS Global/ALS Minerals using ICP‑MS, XRF, and fire assay methods; program overseen by Qualified Person Austin Zinsser, P.Geo., SME‑RM.

Notable Quotes

• “The tailings drilling program is a key component of our strategy, to unlock value and fully define the opportunity at the historic IMA Mine.” – Ali Haji, CEO
• “Max joins American Tungsten at a pivotal moment… his depth of experience … will be instrumental as we advance toward production this year.” – Ali Haji, CEO