financetom
Business
financetom
/
Business
/
American Tungsten Compiles Historical Drilling Data for IMA Mine Project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
American Tungsten Compiles Historical Drilling Data for IMA Mine Project
Feb 5, 2025 9:38 AM

12:17 PM EST, 02/05/2025 (MT Newswires) -- American Tungsten ( DEMRF ) Wednesday said it completed an initial compilation and assessment of historical drillhole information from Gentor Resources for the IMA Mine Project in Idaho.

Gentor drilled 13 holes on the IMA Mine property in 2007 and 2008 totaling 22,088 feet.

The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho.

In addition to those reported historically, American Tungsten ( DEMRF ) has identified numerous additional vein intercepts in legacy drilling data sets and plans to undertake a verification program to validate the results.

"Historical drilling and exploration work on the property is a significant asset to the IMA tungsten project," said chief executive Murray Nye. "We are pleased with our review of the Gentor data and believe it can be comprehensively validated and used to support future reports and studies."

Price: 1.34, Change: -0.03, Percent Change: -2.19

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cigna's Evernorth Invests $3.5 Billion in Shields Health
Cigna's Evernorth Invests $3.5 Billion in Shields Health
Sep 2, 2025
07:36 AM EDT, 09/02/2025 (MT Newswires) -- Cigna Group ( CI ) unit Evernorth Health Services said Tuesday it invested $3.5 billion in specialty pharmacy management firm Shields Health Solutions. The investment coincides with Shields Health's establishment as a private standalone company upon its acquisition by private-equity firm Sycamore Partners. Evernorth said its investment in Shields Health is not expected...
FibroGen Completes Sale of Chinese Subsidiary to AstraZeneca
FibroGen Completes Sale of Chinese Subsidiary to AstraZeneca
Sep 2, 2025
07:35 AM EDT, 09/02/2025 (MT Newswires) -- FibroGen ( FGEN ) said Tuesday that it has completed the sale of its Chinese subsidiary to AstraZeneca ( AZN ) for about $220 million. The company said it used the proceeds to repay its term loan facility of about $81 million to investment funds managed by Morgan Stanley Tactical Value. The sale...
CityFibre founder Mesch steps down, COO succeeds him as CEO
CityFibre founder Mesch steps down, COO succeeds him as CEO
Sep 2, 2025
LONDON, Sept 2 (Reuters) - British fibre broadband network CityFibre's founder Greg Mesch has stepped down as chief executive and has been succeeded by chief operating officer Simon Holden with immediate effect, the company said on Tuesday. Mesch, who has led the company since it was founded in 2011, has been appointed vice chairman, it said. Mesch said it was...
Elliott Management plans activist campaign at PepsiCo with $4 billion stake, WSJ reports
Elliott Management plans activist campaign at PepsiCo with $4 billion stake, WSJ reports
Sep 2, 2025
Sept 2 (Reuters) - Elliott Management had taken a $4 billion stake in beverages giant PepsiCo ( PEP ) and was planning an activist campaign to boost the company's share price, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved