American Tungsten (CSE:TUNG) has received initial drill results from the IMA Mine in the US, which CEO Ali Haji says provides continued confidence as it advances drilling to define a modern, mineable resource.
The latest results demonstrate continuity of the polymetallic vein system along strike to the northwest and up-dip from areas of historical mining.
Some of the results include 28.3ft @ 0.39% tungsten oxide and 1.08 ounces per tonne silver, including 5.5ft @ 0.82% tungsten oxide; and 26.2ft @ 0.33% tungsten oxide and 1.62 ounces per tonne, including 3.2ft @ 1.03% tungsten oxide.
“The results from the second station on the D-Level further reinforce the continuity and scale of the tungsten-silver vein system at the IMA Mine,” Haji adds.
“The consistent mineralisation widths encountered across all drillholes support our understanding of the vein geometry and its extension up-dip and along strike from historical workings.”
American Tungsten has completed 15 drillholes on the D-Level and eight drillholes on the Zero level, totalling 7,800 feet.
Drilling remains ongoing from the second D-Level station and excavation of the drift to the third drill station is underway. At least four additional holes totalling 2,800 feet are planned and more holes may be added based on results.
Meanwhile on the Zero level, drilling and mine rehabilitation operations are being conducted, including construction of the second drill station, located 900 feet from the portal. Drilling will include up to 20 holes totalling 10,000 feet from three locations.
Earlier this month, the company completed a C$40 million ($41.27 million) private placement, which will fund exploration and development at IMA.
The IMA Mine is a past producing tungsten mine situated on 22 patented claims located in East Central Idaho, US.
Write to Aaliyah Rogan at Mining.com.au
Images: American Tungsten
