American Tungsten Corp. Identified Multiple Exploration Targets at Ima Mine & Provides an Update on its Technical Report

Vancouver, BC, June 10, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) is pleased to provide an update on its exploration plans and independent technical report (the “Technical Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for its tungsten project, the Ima Mine, located in Idaho, United States. 

American Tungsten is currently working with qualified mining and drilling contractors to scope and cost its summer 2025 exploration program. The Technical Report on the Ima property has been published today and is available on SEDAR+. The exploration program, as described in the press release dated March 12, 2025, entails rehabilitation of the D level of the mine to support underground exploration drilling and collection of a bulk sample for metallurgical testwork. 

Exploration Plan & Targets

American Tungsten’s ongoing compilation of historical mining and drillhole information has identified multiple exploration targets on the Ima property. Polymetallic tungsten-silver bearing quartz vein exploration targets include the northeastern extension of the No.5 and No.7 veins, the southwest extension of the West Ima vein, the Eastern Vein system, and the main Ima vein below the historical mine (Figure 1). Additionally, the vein system is known to extend to the south across Patterson Creek based on historical exploration by the Defense Minerals Exploration Agency.

American Tungsten is actively planning a drill program to delineate the northeastern extension of the No 5. and No. 7 veins, and also assess continuity of vein systems in West and East Ima vein targets, discussed below.

“While our summer program is focused on delineation of the No. 5 and No. 7 veins, the additional exploration targets identified to date demonstrate significant up-side potential of the Ima property.” Said Ali Haji, CEO of American Tungsten. “Significant tungsten drillhole intercepts from Gentor and Inspiration campaigns, outside of areas mined historically, provide compelling low-risk drill targets for expansion of known mineralization.”

Exploration data discussed below include historical information which has not been verified and results from widely spaced drill holes and sampling. The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Drill hole results discussed below are based on historical information, which has not been verified by sampling or assaying and should only be used to assess the potential grade of mineralisation, which may be targeted in future exploration programs.