Announcement • Jun 17
Athena Gold Corporation Provides Exploration Update from Excelsior Springs Project in Nevada
Athena Gold Corporation has provided an exploration update from its Excelsior Springs Project in Nevada. Mammoth Minerals Limited has been aggressively exploring Excelsior pursuant to its option agreement to earn an 80% interest in the Project over five years, providing Athena a free-carry to Definitive Feasibility Study thereafter. Mammoth has reported exceptional high-grade silver, gold and critical mineral results from the second phase of reconnaissance channel and rock sampling at the Blue Dick Mine Prospect, with notable high-grade silver assays up to 17,582 g/t Ag. Rock and channel sampling of prospective high-grade trends at the Blue Dick Mine Prospect delivered bonanza silver grades, increasing confidence and confirming strike continuity across mineralized trends, with significant new assay results including: 0.20m @ 17,582 g/t Ag, 0.75 g/t Au, 2.76% Cu, 1.72% Sb – MREX00625 – Channel Sample; 0.50m @ 3,407 g/t Ag, 0.54% Cu, 0.47% Sb – MREX00621 – Channel Sample; 15,336 g/t Ag, 7.46 g/t Au, 2.53% Cu, 0.31% Sb – MREX00718 – Grab Sample; 3,945 g/t Ag, 14.4 g/t Au, 0.73% Cu, 0.17% Sb – MREX00721 – Grab Sample; 1,760 g/t Ag, 1.98% Cu, 0.32% Sb – MREX00626 – Grab Sample; 1,450 g/t Ag, 1.87 g/t Au, 0.22% Sb – MREX00745 – Grab Sample; 12.2 g/t Au, 48.9 g/t Ag – MREX00698 – Grab Sample. Channel sampling of adits and rock exposures across the Blue Dick Mine Prospect has also highlighted critical mineral potential, with significant results including: 3.02m @ 1.61% Cu, 14.3 g/t Ag – MREX00666-669 – Channel Sample; 4.57m @ 1.49% Cu, 24.5 g/t Ag – MREX00656-661 – Channel Sample; 5.84m @ 0.99% Cu – MREX00643-649 – Channel Sample. These latest results define high-confidence targets that extend over hundreds of metres of strike within more than 6 km of prospective strike at Blue Dick, where parallel trends each extend for over 3 km. These areas will form key targets for the RC drilling program planned to commence in Third Quarter 2026. The technical information presented in this news release has been reviewed and approved by Benjamin Kuzmich, P.Geo., Vice President of Exploration for Athena Gold Corporation, and the Qualified Person as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”. Readers are cautioned that historical records referred to in this press release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this press release are accurate. Information contained in this press release was taken from Mammoth Minerals Limited's recent press release dated June 15, 2026.
