A novel chemical method was evaluated to fabricate the ultrafine tungsten heavy alloy powders with bater-base solution made from the ammonium metatungstate (AMT), iron(II) chloride tetrahydrate ($FeCl_2{cdot}4H_2O$), nickel(II) chloride hexahydrate ($NiCl_2{cdot}6H_2O$) as source materials and the sodium tungstate dihydrate ($NaWO_4{cdot}2H_2O$) as Cl-reductant. In the preparation of mixtures the amounts of the source components were chosen so as to obtain alloy of 93W-5Ni-2Fe composition(wt.%). The obtained powders were characterized by X-ray diffraction, XRF, field-emission scanning microscope (FESEM), and chemical composition was analyzed by EDX.