American Tungsten (TSX-V:TUNG) has received drill results from the historical tailings project within the IMA Mine Project in Idaho, US, which shows tungsten mineralisation intersected in all bore holes.
Tailings sample assays average 0.152% tungsten oxide and 0.269 ounces per tonne silver. The company says these results support the potential for eventual economic extraction of the tailings material.
Ongoing work focuses on establishing the historical tailings as a defined mineral resource, to support reserve definition.
President Ali Haji says the tailings offer the company an opportunity to augment its resource base with comparatively low capital requirements and reduced technical risk.
“With process flowsheet development underway, we are focused on building a practical, executable pathway to value creation, in parallel with the restart of the IMA underground tungsten mine,” Haji says.
American Tungsten is advancing its tailings opportunity, focusing on the required infrastructure development and ongoing work to support the restart of IMA.
IMA is a past-producing underground tungsten mine. Between 1945 and 1957, IMA produced 199,449 tonnes of tungsten oxide. The project was subsequently explored for molybdenum and tungsten by various operators until 2010.
American Tungsten is a Canadian explorer advancing the IMA Mine Project to commercial production.
Write to Aaliyah Rogan at Mining.com.au
Images: American Tungsten
