Claims Acquisition - Surrounding the IMA Mine
American Tungsten Corp. Acquires Additional Claims Surrounding the IMA Mine in Idaho
Vancouver, BC, February 12, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) is pleased to announce that it has acquired additional mining rights at its IMA Mine Project through the staking of 113 WMO federal lode mining claims covering an area of 1,988.6 acres (804.75ha).
The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2008(1).
“I am pleased to announce that we have claimed acquired additional mineral rights, representing approximately 805ha,” said Murray Nye, CEO of American Tungsten. “These additional claims reinforce our footprint in Idaho and bolster the IMA Mine’s land position.”
ABOUT AMERICAN TUNGSTEN CORP.
American Tungsten Corp. (previously Demesne Resources Inc.) is a Canadian-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. American Tungsten has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho, United States.
Social media links:
LinkedIn: https://www.linkedin.com/company/americantungstencorp/ X: https://x.com/amtungsten Facebook: https://www.facebook.com/americantungsten Instagram: https://www.instagram.com/americantungstencorp/ YouTube: https://www.youtube.com/@americantungstencorp
ON BEHALF OF THE BOARD OF DIRECTORS:
1 Bradley Mining Company, 1958; Summarized Information on IMA Mine, Lemhi Co, Patterson, Idaho. Company Report, 6p.
Murray Nye CEO
1055 West Georgia Street, Suite 1500 Vancouver, BC V6E 0B6 Canada
For further information, please contact:
Murray Nye, CEO Email: [email protected] Phone: +1 (416) 300-7398 CSE:TUNG OTCQB:DEMRF FSE:RK9
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.
| This news release includes certain statements that may be deemed “forward-looking | ||
|---|---|---|
| statements”. All statements in this news release, other than statements of historical facts, that | ||
| address events or developments that the Company expects to occur, are forward-looking | ||
| statements. Forward-looking statements are statements that are not historical facts and are | ||
| generally, but not always, identified by the words “believes”, “expects”, “plans”, “anticipates”, | ||
| “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or | ||
| conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes | ||
| the expectations expressed in such forward-looking statements are based on reasonable | ||
| assumptions, such statements are not guarantees of future performance and actual results may | ||
| differ materially from those in the forward-looking statements. Forward looking statements in | ||
| this news release include statements respecting: ( | i) the IMA Mine Project and the mineral | |
| prospects thereon, (ii) the Company's performance of its obligations under the Option | ||
| Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities | ||
| on the IMA Mine Project | . Factors that could cause the actual results to differ materially from | |
| those in forward-looking statements include the receipt of regulatory approvals, market prices, | ||
| continued availability of capital and financing, and general economic, market or business | ||
| conditions. Investors are cautioned that any such statements are not guarantees of future | ||
| performance and actual results or developments may differ materially from those projected in | ||
| the forward-looking statements. Forward-looking statements are based on the beliefs, estimates | ||
| and opinions of the Company’s management on the date the statements are made. Except as | ||
| required by applicable securities laws, the Company undertakes no obligation to update these | ||
| forward-looking statements in the event that management's beliefs, estimates or opinions, or | ||
| other factors, should change. |
Neither American Tungsten, nor its Qualified Person, has done sufficient work to verify historical drillhole information. American Tungsten is not treating the historical drillhole information as current drilling results. Historical drillhole results are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Drillholes may be oriented oblique to structures and may not be representative of true-width of mineralization.
Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI-43-101”). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this Presentation.