Demesne Resources Advances IMA Mine Tungsten Project Progress

Demesne Resources Engages A-Z Mining for Technical Report

Demesne Resources Ltd. (CSE:DEME) (OTCQB:DEMRF) is pleased to share exciting news regarding its IMA Mine tungsten property. The Company has recently enlisted A-Z Mining Professionals to prepare a National Instrument 43-101 technical report, which is anticipated to be completed early in the year ahead. This collaboration marks a significant step forward for Demesne and highlights their commitment to advancing their mining projects.

The Role of A-Z Mining Professionals

A-Z Mining Professionals is known for its independent consultancy work in the mining sector, particularly in designing and operating not only open-pit mines but also underground projects. Their team brings a wealth of experience, especially in mineral resource estimation and operational management across North America, which promises to benefit the IMA Mine's ongoing evaluation.

Murray Nye’s Vision for the IMA Mine

Murray Nye, the current CEO of Demesne Resources, expressed his enthusiasm about working with A-Z Mining. Their expertise will be instrumental as Demesne continues to explore the potential of the IMA Mine, especially considering its production history and current geological findings that offer promise for future mining operations.

A Glimpse into the IMA Mine History

Located on 22 patented claims, the IMA Mine has a rich past as an underground tungsten mine that previously completed operations from 1945 until 1957, during which it generated a substantial output of approximately 199,449 metric tons of tungsten trioxide (WO₃). Over the decades, various further explorations have been conducted at this site, particularly during the late 20th century.

Exploration and Development Efforts

In a detailed exploration effort from 1978 to 1982, Inspiration Development Corporation focused extensively on developing the quartz-tungsten-vein system. Remarkably, they managed to rehabilitate upper mine levels for resource delineation drills. Plans were in place for a 300 tons per day operation targeting specific vein systems, which could have involved direct shipping ores to a processing mill. However, production ceased in the early 1980s due to economic fluctuations affecting tungsten prices.

Current Work at IMA Mine

Recently, Demesne's team re-entered the underground mine to assess the conditions. Their findings revealed excellent ground conditions with minimal necessary support, indicating a healthy mine environment. Notably, they observed the principal veins, which are well-exposed and have widths varying from three feet to over ten, with a potential strike length of up to 400 feet.

Future Plans and Objectives

Looking ahead, Demesne is dedicated to digitizing historical mine records and developing a compliant Mineral Resource for the IMA Mine as per NI 43-101 standards. This work is essential for validating the historical outputs and further planning strategic studies and metallurgical works to ensure the project's viability in today's market.

About Demesne Resources Ltd.

Based in British Columbia, Demesne Resources is actively involved in acquiring and exploring various mineral properties, notably focused on magnetite. The Star Project, encompassing five contiguous mineral titles, extends over a substantial area in British Columbia's Skeena Mining Division. Through option agreements, Demesne has secured a path to acquire a 100% interest in the Star Project and the IMA Mine, further strengthening its portfolio in the mining sector.

Connect with Demesne Resources

Individuals interested in following the latest updates from Demesne can connect through their social media platforms such as LinkedIn, X, Facebook, Instagram, and YouTube. Staying connected allows for real-time updates on the company’s activities and future plans regarding mineral projects.

Frequently Asked Questions

What is the purpose of the National Instrument 43-101 technical report?

The report will provide a comprehensive overview of the IMA Mine's resources and facilitate future exploration and development planning.

How does A-Z Mining Professionals contribute to the project?

A-Z Mining offers significant expertise in mineral estimation and mining operations, crucial for accurate reporting and project advancement.

What historical production data does the IMA Mine have?

The IMA Mine produced approximately 199,449 MTUs of WO₃ between 1945 and 1957, showcasing its historical importance as a tungsten producer.

What are the future plans for Demesne Resources?

Demesne plans to develop compliant mineral resources, continue digitizing historic records, and pursue metallurgical studies for the IMA Mine.

How can shareholders contact Demesne Resources?

Shareholders can reach out to the CEO, Murray Nye, via email at ir@demesneresources.com or by phone at +1 (416) 300-7398 for inquiries.

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