Perpetua makes tungsten discovery at Gold-Stibnite project in Idaho
Significant high-grade gold intercepts, including a gold-tungsten intercept, have been identified in the Clark Tunnel Fault Zone.
Perpetua Resources has discovered potential tungsten deposits at its Gold-Stibnite project in Idaho, according to a company announcement on Thursday. Tungsten, a critical mineral with the highest melting point and extreme density, is essential for heavy industry, aerospace engineering, advanced electronics, and military defense systems.
The United States ceased tungsten production in 2015 due to low prices and competition from China, which dominates global production at over 80% of the world's output. Perpetua CEO Jon Cherry stated that the company's focus is on drilling areas that align with their planned mining sequence and have the potential to add value. The discovery of multiple high-grade gold intervals and a new gold-tungsten discovery in recent drilling between allowed pits suggests the potential for expanding the Stibnite Gold project mine plan.
Additionally, significant high-grade gold intercepts and a new gold-tungsten discovery were found in the Clark Tunnel Fault Zone, while critical mineral-focused drilling at the Hangar Flats deposit yielded substantial antimony-tungsten intercepts. These results indicate further opportunities to grow and unlock additional resources outside the current reserves, potentially contributing to the US supply chain for tungsten.
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