Duyuru • Apr 14
Athena Gold Corporation Receives CAD 200,000 Grant from Ontario Government Athena Gold Corporation had been awarded CAD 200,000 in non-dilutive grant funding from the Ontario government through the Ontario Junior Exploration Program (OJEP). Administered by the Ontario Ministry of Mines, the OJEP grant provides financial assistance to junior exploration companies to offset costs associated with grassroots mineral exploration. Duyuru • Dec 20
Athena Gold Corporation announced that it has received CAD 3.500029 million in funding On December 19, 2025, Athena Gold Corporation closed the transaction. The company issued 7,142,900 flow-through units at an issue price of CAD 0.07 for gross proceeds of CAD 500,003 and 33,333 non-flow-through units at an issue price of CAD 0.06 for gross proceeds of CAD 1,999.98 for aggregate proceeds of CAD 502,002.98 in its third tranche. In connection with the closing of the third tranche, the company paid finder’s fees of CAD 30,000.18 in cash and 428,574 in non-transferable finder's warrants. Each finder's warrant entitles the holder thereof to acquire one common share of the company for a period of twenty-four months from the date of issuance at an exercise price of CAD 0.09. No insiders participated in the third tranche. All securities issued in connection with the offering are subject to a four-month and one-day hold period. Duyuru • Nov 18
Athena Gold Corporation announced that it expects to receive CAD 2 million in funding Athena Gold Corporation announces a non-brokered private placement to issue 21,428,571 flow-through common shares at a price of CAD 0.07 per share for gross proceeds CAD 1,499,999.97 and 8,333,333 non-flow-through units at a price of CAD 0.06 per unit for proceeds of CAD 499,999.98 for aggregate proceeds of CAD 1,999,999.95 on November 17, 2025. Each NFT Unit is comprised of one common non-flow-through common share and one non-flowthrough share purchase warrant, with each warrant exercisable for one non-flow-through common share at an exercise price of CAD 0.09 for a term of 24 months. The Offering is scheduled to close in tranches, with the first tranche expected to close by late November and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Canadian Securities Exchange Duyuru • Jul 02
Athena Gold Corporation announced that it has received CAD 0.1661 million in funding On June 30, 2025. Athena Gold Corporation has closed the transaction. It has issued 3,322,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 16,610. No finder's fees were paid in connection with the closing of the Offering. One insider, Koby Kushner, President and CEO of the Company, purchased 1,440,000 Units in the Offering for proceeds of CAD 72,000. Duyuru • Apr 29
Athena Gold Corporation announced that it has received CAD 0.765 million in funding On April 28, 2025, Athena Gold Corporation closed the transaction. The company amended the terms of the transaction and issued 15,300,000 flow-through shares at an issue price of CAD 0.05 for gross proceeds of CAD 765,000 in the financing, which represents an oversubscription of CAD 265,000 of the originally planned financing. Due to increased demand, the company sought, and received, approval from the Canadian securities exchange. No insiders participated in the FT offering. Pursuant to the FT offering, the company issued finders' fees consisting of an aggregate of 480,000 units to arm's-length parties, with each unit consisting of one non-flow-through common share and one share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through common share at an exercise price of CAD 0.12 per share for a period of 18 months from the date of issuance. All securities issued in connection with the FT offering are subject to a four-month-and-one-day hold period. The company has paid a finder's fee to an arm's-length party through the issuance of 1,737,236 common shares at a deemed price of CAD 0.05. The shares are subject to a four-month-and-one-day hold period. Duyuru • Apr 18
Athena Gold Corporation Provides Update on Nevada Projects Athena Gold Corporation announced plans for its upcoming exploration program at its recently acquired Laird Lake project, located in Ontario's prolific Red Lake Gold District. The Laird Lake project, spanning 4,158 hectares and covering over 10 km of Balmer-Confederation Assemblage contact, represents an underexplored portion of the camp. The project is road-accessible and lies approximately 10 km west of West Red Lake Gold Mines' Madsen mine, and 34 km northwest of Kinross Gold's Great Bear project. Starting May 2025, the Company plans to collect approximately 2,000 till samples over its Laird Lake project. The program will range from 100 m x 100 m grid spacing within the Balmer and Confederation assemblages and expand to 200 m x 200 m within the surrounding felsic intrusive bodies. With the results from this upcoming program, Athena hopes to outline zones of new mineralization within the Laird Lake project, where recent grab samples returned up to 373 g/t Au. Athena is aiming to use the same sampling methodology used at West Red Lake Gold's nearby Madsen project, which successfully confirmed existing mineralization and outlined potential new zones. Athena expects to have the final results from the program in mid-summer, which will guide follow-up field work focused on de-risking the Company's maiden drill program at Laird Lake. Nevada Update: The Company recently completed a regional prospecting and mapping program over its 100%-owned Excelsior Springs Au-Ag project in Nevada, where initial results returned surface grab samples up to 6,630 g/t Ag. All results from the program have since been received and analyzed. The Company is highly encouraged by the regional prospectivity, and on the back of these results, it has mobilized staking activities to expand its land holdings near its Excelsior Springs project. The Company plans to release additional results from the program after staking activities have been completed. The Company has received third-party interest regarding potential joint venture partnerships and earn-in agreements across its Nevada portfolio. Duyuru • Apr 08
Athena Gold Corporation announced that it expects to receive CAD 0.5 million in funding Athena Gold Corporation announced a non-brokered private placement that it will issue up to 10,000,000 flow-through shares at an issue price of CAD 0.05 per share for the gross proceeds of up to CAD 500,000 on April 7, 2025. The shares will be subject to a hold period of four months and one day from the date of issuance. Closing of the Offering will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Canadian Securities Exchange. The Offering may be completed in one or more tranches on a date or dates to be determined by the Company. While the FT Offering is being affected by the Company on a non-brokered basis, the Company may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the CSE and applicable securities legislation. Duyuru • Apr 01
Athena Gold Corporation announced delayed annual 10-K filing On 03/31/2025, Athena Gold Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Jan 30
Athena Gold Corporation, Annual General Meeting, Mar 27, 2025 Athena Gold Corporation, Annual General Meeting, Mar 27, 2025. Location: gqbbagmj6edng/registration, United States Duyuru • Dec 24
Athena Gold Corporation announced that it has received CAD 1.054 million in funding On December 23, 2024, the company has closed the final tranche of the transaction. The company has issued 2,620,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 131,000. As part of the transaction, the company has raised CAD 1,054,000 in funding till date. Duyuru • Nov 19
Athena Gold Samples 56.5 G/T Gold At Laird Lake, Red Lake Gold District, Ontario Athena Gold Corporation reported high-grade gold samples from its reconnaissance surface sampling program at its newly acquired Laird Lake project, located in Ontario's prolific Red Lake Gold District. The Laird Lake project, spanning 4,158 hectares and covering >10 km of Balmer-Confederation Assemblage contact, represents an underexplored portion of the Red Lake Gold District. The project is road-accessible and lies approximately 10 km west of West Red Lake Gold Mines' flagship Madsen mine, and 34 km northwest of Kinross Gold's Great Bear project. Highlights: An initial six surface grab samples taken at the Laird Lake project in July 2024 confirmed mineralization over 2.2 km of strike length along the contact between the Balmer and Confederation Assemblages. Mineralization is open along strike to the east and west. The Balmer-Confederation contact is believed to serve as a major structural control for gold mineralization in the Red Lake Gold District, with >90% of all gold ever mined in the camp occurring within approximately 300 m of this contact. The highest-grade sample returned up to 56.5 g/t Au collected from a smoky quartz vein with blebby pyrite, chalcopyrite, and traces of visible gold. Grab sample assays from additional prospecting work conducted in October 2024 remain pending, with results expected to be received by year-end. The recent reconnaissance prospecting program is expected to guide a property-wide geochemistry survey, scheduled to commence in H1/2025, the results of which are anticipated to provide targets for Athena's initial drill program at Laird Lake. A recently completed MSc. thesis on the Laird Lake project, suggested that Laird Lake represents the continuation of the same mineralized structure found at both the Madsen and Starratt-Olsen gold mines now owned by West Red Lake Gold (2.5 Moz past-production, 1.7 Moz indicated, 0.4 Moz inferred) [ii] and was later displaced as far as 10 km west. Gold mineralization observed at Laird Lake occurs in discrete quartz veins hosted in volcanic rock, localized high-strain zones consisting of silicification and disseminated sulfides, and in more broad zones of strongly deformed banded iron formation up to 15 m wide characterized by gossan, fine-grained disseminated sulfides, and silicification. Gold-bearing zones exhibit a general east-west orientation and occur in both Balmer and Confederation Assemblage rocks. The initial grab sample results are described in detail below: A sample of smoky quartz vein hosted in Balmer Assemblage volcanic rock containing blebby pyrite, chalcopyrite, and visible gold returned 56.5 g/t Au (F733057). This sample was taken approximately 50 m north of the contact with the Confederation Assemblage and was the most western sample collected. Two additional samples of gossaned and silicified volcanic host rock collected adjacent to the high-grade quartz vein returned 1.47 g/t Au and 2.40 g/t Au (F733056 and F733058, respectively). A sample of strongly deformed banded iron formation (BIF) from the Balmer Assemblage containing fine-grained disseminated pyrite, and silicification returned 3.89 g/t Au (F733053), and was collected from an outcrop approximately 15 m in width and characterized by a strong overall deformation fabric with several high-strain zones of gossan, fine-grained pyrite, and silicification throughout. The outcrop is located approximately 60 m north of the Balmer-Confederation contact. A sample of sulfide-bearing quartz vein hosted in the Confederation Assemblage returned 1.57 g/t Au (F733062). This sample was collected approximately 225 m south of the Balmer-Confederation contact. A sample of sulfide-bearing quartz vein hosted in a high-strain zone within Confederation Assemblage returned 7.18 g/t Au (F733065). The high-strain zone is characterized by silicification, fine-grained disseminated sulfides, and lesser gossan. Refolded quartz veins were noted along the contact of the high-strain zone and volcanic host rock. This sample was collected approximately 180 m south of the Balmer-Confederation contact eastern-most sample collected. Future Drill Testing: Laird Lake has been subject to only very limited historical exploration work, largely because the Balmer-Confederation contact was only mapped on Laird Lake in recent times as part of a MSc. research thesis. Importantly, >90% of all gold ever mined in the Red Lake Gold District is estimated to occur within 300 m of this contact. Athena's initial work programs are focused on understanding structural controls and potential splays off this contact that may host high-grade gold mineralization. Additional assays from the follow-up program that took place in October 2024 remain pending, with results expected by year-end. Athena plans to conduct a property wide gold-in-till geochemistry program in Spring 2025. Historical, high-resolution airborne magnetic and electromagnetic surveys highlighted several prospective targets within the Balmer Assemblage that have yet to be tested will be included in future drilling on the property, in addition to other targets generated from prospecting and geochemical programs. Duyuru • Oct 03
Athena Gold Corporation announced that it expects to receive $1 million in funding Athena Gold Corporation announced a non-brokered private placement to issue 20,000,000 units at an issue price of $0.05 per unit for gross proceeds of 1,000,000 on October 3, 2024. Each unit will consist of one common share in the capital of the company and one-half of a common share purchase warrant. Each whole warrant will be exercisable into one common share at a price of $0.12 per warrant for a period of 36 months from the date of issuance. Insiders are expected to participate in the private placement. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. A finder's fee may be paid in connection with the private placement to eligible arm's-length finders in accordance with the policies of the Canadian Securities Exchange. The private placement may be completed in one or a number of closings on a date or dates to be determined by the company, and is subject to, among other things, the receipt of all necessary approvals, including from the Canadian Securities Exchange, and the execution of definitive documentation. The units may be offered for sale to prospective investors: (i) in all provinces and territories of Canada pursuant to available prospectus exemptions; (ii) in the United States on a private placement basis pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended; and (iii) such other jurisdictions as may be determined by the company pursuant to available prospectus or registration exemptions in accordance with applicable laws. Duyuru • Sep 24
Athena Gold Corporation Samples Up to 50.6 g/t Gold from Buster Mine at Excelsior Springs Project, Walker Lane, Nevada Athena Gold Corporation reported high-grade gold and silver samples from its first-ever underground mapping and sampling program at its Excelsior Springs project in Nevada's prolific Walker Lane District. Five samples were collected underground from the past-producing Buster Mine, which historically produced an estimated 19,200 oz Au at an average grade of 41.1 g/t Au. Two of these samples returned high-grade Au, including: 50.6 g/t Au and 33.7 g/t Ag over 0.3 m, from the 75' level; and 28.1 g/t Au and 29.6 g/t Ag over 1.0 m, from the 125' level. The reconnaissance program conducted in August 2024 represents Athena's first-time underground at the Buster Mine, providing an opportunity for the team to have a close-up look at the mineralized orebody and gain a better understanding of structural controls at Excelsior. Historical sampling included four samples which exceeded the upper detection limit of 10 g/t Au; however, these were never analyzed to completion. The geologist who collected the surface and underground samples at the Buster Mine in 1986 estimated a mineralized zone containing a historical mineral inventory of up to 200,000 oz Au within a shallow depth of 61 m. This estimate is historical in nature and should not be relied upon as a current mineral resource. Two distinct structural orientations were observed and believed to be controlling mineralization, both east-west striking. The first is very steeply north dipping and yielded 50.6 g/t Au over 0.3 m. This sample was collected near the eastern stope on the 75' level, where historical sampling returned 5.8 g/t Au over 1.07 m. Historically, the higher-grade samples which exceeded the 10 g/t Au detection limit were collected from the western stope on the 75' level. Most of the past production occurred within the western stope, which extends from near surface to the 125' level. On the 125' level, a shallow 35° north dipping fault zone yielded 28.1 g/t Au over 1.0 m. The steeper structures identified on the 75' level appear to be cut by this younger, shallow structure. This work program demonstrated the important role these shallow structures, which can be traced on surface, play in the control of mineralization at Excelsior Springs. Additional surface and underground mapping will be conducted to better understand the distribution and extent of mineralization along these structures to better target future drilling. Duyuru • Aug 30
Athena Gold Corporation (OTCPK:AHNR) completed the acquisition of Blue Dick Mine from Silver Reserve Corp. Athena Gold Corporation (OTCPK:AHNR) agreed to acquire Blue Dick Mine from Silver Reserve Corp. for $0.05 million on June 1, 2024. Pursuant to the Purchase Agreement, Athena will acquire the Purchased Assets for total consideration of: 1. $10,000 payable upon execution of the agreement (Paid); 2. $15,000 payable on or before July 1, 2024; 3. $20,000 payable on or before August 1, 2024; and 4. the grant of a 3% net smelter return royalty to Silver Reserve, of which 2% may be purchased by the Company subject to certain buy-back options. The transaction contemplated by the Purchase Agreement remains subject to approval of the Canadian Securities Exchange.
Athena Gold Corporation (OTCPK:AHNR) completed the acquisition of Blue Dick Mine from Silver Reserve Corp. on August 29, 2024. Duyuru • Jun 08
Athena Gold Corporation announced that it expects to receive $0.1 million in funding Athena Gold Corporation announced a private placement that it will issue an unsecured promissory note for the aggregate gross proceeds of $100,000 on June 7, 2024. The gross proceeds consists of loan of $92,500 in cash advances and $7,500 in accrued management fees. The Promissory Note is due and payable on January 2, 2026. Interest on the principal amount of the Promissory Note will accrue from the original date of issue at a rate of six percent 6% per annum, calculated and payable monthly, until the Maturity Date. Duyuru • Feb 15
Athena Gold Completes Ip/Resistivity Survey At Its Crow Springs Copper-Molybdenum-Gold Porphyry Project in Nevada Athena Gold Corporation announced it has successfully completed an Induced Polarization/Resistivity at its 100% owned Crow Springs Project located approximately 21 miles northwest of Tonopah, Nevada. The other magnetic high is controlled by EMX Royalty Corp. ("EMX"), which holds 132 claims in the Crow Springs district. Athena staked 19 additional claims in 2023 and the project now comprises 30 unpatented claims. The project is in west central Nevada within the Walker Lane structural belt and is a porphyry Cu- Mo-Au system with the size potential to develop a world class resource. Porphyry-related alteration, geochemistry, magnetics, and past drilling indicate a porphyry system of over 4.5 square miles in surface area. Crow Springs, a porphyry Cu-Mo-Au target in a quartz monzonite porphyry stock is located along the eastern margin of the Tertiary Walker Lane structural province in the southern Royston Hills, northern Esmeralda Co., Nevada. The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Pursuant to SEC Industry Guide 7 under the United States Securities Act of 1933, as amended, a " final" or "bankable" feasibility study is required to report reserves. Currently Athena has not delineated "reserves" on any of its properties. Duyuru • Jan 19
Athena Gold Corporation announced that it has received CAD 0.2 million in funding On January 17, 2024, Athena Gold Corporation closed the transaction. No finder’s fees were paid in connection with the Private Placement. The transaction included participation from insiders of the company for an aggregate of 3,750,000 units for CAD 150,000. The company will issue securities pursuant to exemption provided under Regulation D from 5 investors. Duyuru • Jan 11
Athena Gold Corporation announced that it expects to receive CAD 0.2 million in funding Athena Gold Corporation announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.04 per unit for gross proceeds of up to CAD 200,000 on January 10, 2024. Each Unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will be exercisable into one common share at a price of CAD 0.05 per warrant for a period of twelve months from the date of issuance, subject to the following acceleration provision. Insiders may participate in the Private Placement. A finder’s fee, payable in cash, may be paid in connection with the Private Placement to eligible arm’s length finders in accordance with CSE policies and applicable securities laws. The Private Placement is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including that of the Board and the Canadian Securities Exchange. The securities to be issued under the Private Placement will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. All securities issued in connection with the Private Placement will be subject to a hold period which will expire four months and one day from the date of closing of the Private Placement. Closing of the Private Placement is expected to occur on or before January 18, 2024. Duyuru • Dec 24
Athena Gold Corporation (OTCPK:AHNR) entered into an agreement to acquire a 15.8% stake in Nubian Resources Ltd. (TSXV:NBR) from 2176423 Ontario Ltd. for CAD 0.77 million. Athena Gold Corporation (OTCPK:AHNR) entered into an agreement to acquire a 15.8% stake in Nubian Resources Ltd. (TSXV:NBR) from 2176423 Ontario Ltd. for CAD 0.77 million on December 22, 2023. Athena will acquire 10,000,000 common shares in the capital of Nubian Resources. In consideration of the Nubian Shares, Athena will issue 16,546,669 common shares in the capital of the Company. The transaction is subject to approval by the Canadian Stock Exchange. Duyuru • Dec 02
Athena Gold Corporation Announces Board Changes Athena Gold Corporation announced that Markus Janser has resigned from the Board of Directors, effective immediately, due to demands of his full-time commitments. Mr. Janser joined the Board in 2021 and served as an independent director and member of the Audit Committee. Mr. Janser has been a key figure in guiding the Company's growth and success, and the Board of Directors expresses deep gratitude for his invaluable contributions. The Board is actively engaged in identifying and evaluating alternatives with respect to the appointment of a new independent director to fill the vacancy left by Mr. Janser's departure. John Power, the Company's Chief Executive Officer, will replace Mr. Janser on the Audit Committee until such time as a successor can be found. Duyuru • Sep 15
Athena Gold Corporation Announces Results from its Phase 3 Drilling Program at its 100% Owned, 4,000 Acre Excelsior Springs Gold Project Athena Gold Corporation announced results from its Phase 3 drilling program (the "Program") at its 100% owned, 4,000 acre Excelsior Springs Gold Project (the "Project" or the "Property"), located approximately 45 miles southwest of Goldfield in Esmeralda County, Nevada. DH 23-03: Intersected 1.02 g/t Au and 8.2 g/t Ag over 51.8 meters, starting at 29.0 meters. This lengthy intercept extended the Western Slope Zone about 23 m eastward at similar depths to the two intercepts reported from RC hole 22-02. The mineralization was well distributed throughout the interval. DH 23-01: Intersected 2.18 g/t Au and 1.9 g/t Ag over 6.1 meters, starting at 74.7 meters. This intercept included 1.52 m (5 feet) of 6.6 g/t Au, extending the WSZ approximately 15 m east of the deepest interval reported in RC drill hole 22-01. The Company engaged Caracle Creek International Consulting Inc. and its strategic partner Atticus Geoscience Consulting to analyze and model the drill hole data from the Western Slope Zone in a comprehensive 3D geological model and propose follow-up drill targets in the WSZ. Initial modeling has been completed giving the Company a better understanding of the orientation of mineralization in the WSZ. A very concise drilling program has been designed as part of the next phase of exploration at Excelsior Springs. Future exploration will focus on drilling the holes proposed by Caracle Creek/Atticus to continue to delineate and expand the WSZ. In addition, future exploration will aim to uncover new zones of mineralization starting with the area around historical drill hole GE-14. The area around GE-14 has a much different geochemical signature than the WSZ. Drill hole GE-14 is in an area about 325 m east of WSZ and returned 24.4 meters of 1.09 g/t Au starting at only 7.6 meters depth; this hole also had anomalous arsenic, antimony, bismuth, molybdenum, mercury, and tellurium. GE-14 is proximal to a mapped fault named the South Ridge Thrust Fault ("SRTF") which extends all the way to an IP anomaly in the southwest area of the Property. The SRTF appears to be similar to a traditional Intrusion Related Gold (IRG) system with elevated arsenic, bismuth and other key pathfinder elements associated with gold mineralization. This IRG target was further confirmed by more recent outcrop sampling by Athena's technical team at Contact Gulch, a surface exposure of the SRTF which returned almost 1 g/t Au and significantly elevated arsenic, bismuth, copper, and molybdenum concentrations. Elevated concentrations of these minerals are interpreted to be hydrothermally derived from a magmatic source. The Company has a high level of confidence in the gold exploration opportunity in the area around GE-14. Duyuru • Jul 22
Athena Gold Corporation Completes Spring 2023 RC Drill Program Athena Gold Corporation announced that it has successfully completed the Company's Spring 2023 reverse circulation ("RC") drill program of nine (9) angle holes. Total footage was 3,740 feet (1,140 meters) at its Excelsior Springs Project ("Excelsior Springs" or the "ES Project"), located approximately 45 miles southwest of Goldfield in Esmeralda County, Nevada. Highlights from 2022 RC Drill Programs: DB-23: Intercepted a 33.5 meter intercept of 5.15 g/t Au and 8.9 g/t Ag, including a 16.7- meter intercept of 10.03 g/t Au and 17.3 g/t Ag, and a 10.6 meter intercept of 15.3 g/t Au and 26.5 g/t Ag. DH 22-01: Intercepted 6.05 g/t Au and 17.,4 g/t Ag over 27.4 meters starting at 39.5 meters, including 10.2 g/t Ag and 30.8 g/t Ag over 10.7meters. A deeper zone starting at 77.7 meters intercepted 4.97 g/t Au and 14.4 g/t Ag over 13.7 meters. DH 22-02: Intercepted 4.49 g/t Au and 27.3 g/t Ag over 15.2 meters starting at 41.1 meters, including 7.29 g/t Au and 44.2 g/t Ag over 9.1 meters. A deeper zone starting at 68.6 meters intercepted 1.20 g/t Au and 7.7 g/t Ag over 7.6 meters. The company continue to believe Excelsior Springs is emerging as one of the best advanced gold exploration projects in Nevada's Walker Lane Trend. RC Drilling at Excelsior Springs in June 2023. Developing Additional Exploration Targets: The company have identified several robust drill targets at Excelsior Springs and continue to do field work developing additional shallow- and high-grade drill targets. Recent sampling at Contact Gulch is an example of targets being analyzed and developed. Located only 0.5 miles east of the Western Slope Zone, Contact Gulch appears to be a surface expression of a limestone cap over siltstone that could contain mineralized material. Prior sampling done while conducting geologic mapping returned anomalous gold and arsenic in rock chip samples. New rock and soil assays are also pending from this area. All samples were shipped to American Assay Laboratories, an independent laboratory, in Reno, Nevada on July 7, 2023 for analysis. Assay results are expected in third quarter-2023. The Excelsior Springs Project (the "ES Project") lies within the prolific Walker Lane tectonic trend, a large northwest-trending region in western Nevada of, strike-slip and extensional fault zones. These fault zones are host to numerous gold deposits with strong district and local control of the gold mineralization. The ES Project contains numerous prospect pits, trenches, roads, surface sampling sites and 113 drill holes to date within a 300m by 3,000m wide (1,000 foot-wide and 10,000-foot-long east-west extensional zone of shearing and hydrothermal alteration. Underground workings on the two patented claims within the Project had unverified, historical production of 597,187 grams of gold (19,200 troy ounces) of gold from 18,000 tons averaging 1.2 oz (37.3 grams of gold/ton). Walker Lane is experiencing a major resurgence of intense and successful exploration projects. Total gold production within the Walker Lane has amounted to 20+ million ounces ("Moz") of gold, including the 20+ million ounces ("M oz") of gold, including the 1.2 oz ("Moz") of gold. Duyuru • May 16
Athena Gold Announces 2023 Exploration Plans for Flagship Excelsior Springs Project in Nevada Athena Gold Corporation presented its 2023 exploration plans at its 100% owned Excelsior Springs Project located approximately 45 miles southwest of Goldfield in Esmeralda County, Nevada. Athena completed two RC drill programs in 2022 and intersected shallow high-grade oxide gold intervals which now comprise the Western Slope Zone. 2022 RC Drill Program Highlights: DB-23: Intercepted a 33.5 meter intercept of 5.15 g/t Au and 8.9 g/t Ag, including a 16.7- meter intercept of 10.03 g/t Au and 17.3 g/t Ag, and a 10.6 meter intercept of 15.3 g/t Au and 26.5 g/t Ag. DH 22-01: Intercepted 6.05 g/t Au and 17.4 g/t Ag over 27.4 meters starting at 39.5 meters, including 10.2 g/t Ag and 30.8 g/t Ag over 10.7meters. A deeper zone starting at 77.7 meters intercepted 4.97 g/t Au and 14.4 g/t Ag over 13.7 meters. DH 22-02: Intercepted 4.49 g/t Au and 27.3 g/t Ag over 15.2 meters starting at 41.1 meters, including 7.29 g/t Au and 44.2 g/t Ag over 9.1 meters. A deeper zone starting at 68.6 meters intercepted 1.20 g/t Au and 7.7 g/t Ag over 7.6 meters. It is important to note that DB-23, 22-01 and 22-02 all intercepted the high-grade gold mineralization at shallow depths, beginning 30 meters of the ground surface. True widths of the intercepts are not known. These holes were all drilled in 2022 and yielded the best GT results in the history of the Excelsior Springs project with over 100 RC holes drilled over the last 50 years. The recent review of all available data has confirmed the West Slope zone remains open and untested both east, west and at depth and the objective of current program is to examine strike and potential dip continuity of the upper high-grade zone. Another high-priority target for this program exists 300 meters east-south-east of the West Slope where a historic RC hole GE-14 intersected 24.3 meters at 1.09 g/t Au and 0.54 g/t Ag beginning 9.1 meters below the surface. Follow up Core and/or RC drill programs are contemplated for later in 2023 after analysis of the results from this initial 2023 program. Applicable permitting has been completed and initial 2023 drill program is expected to commence in early June 2023 subject to final confirmation from drill contractor. The program's drill footage and number of RC holes will be finalized prior to the start of the drill campaign. Duyuru • Jan 12
Athena Gold Corporation Confirms and Extends Shallow High-Grade Oxide Gold Discovery with Multiple Intercepts Including 10.02 Au G/T Over 10.7 Meters at Its Excelsior Springs Project in Nevada Athena Gold Corporation announced assay results from its Fall 2022 drill program at its 100% owned Excelsior Springs Project located approximately 45 miles southwest of Goldfield in Esmeralda County, Nevada. Nine vertical and angled holes totaling 800 meters were completed on patented and unpatented claims comprising the Project. Fall 2022 Drill Program Highlights: DH 22-01: These combined intercepts yielded the thickest high-grade gold interval to date on the project and confirmed an eastern extension to mineralization encountered in drill hole DB23; The first interval intercepted 6.05 gold g/t and 17.4 silver g/t over 27.4 meters starting at 39.5 meters, including 10.2 Au g/t and 30.8 Ag g/t over 10.7 meters; a second deeper interval was intercepted starting at 77.7 meters grading 4.97 Au g/t and 14.4 Ag g/t over 13.7 meters. DH 22-02: These intercepts confirmed a western extension to mineralization found in drill hole DB23: The first interval intercepted 4.49 Au g/t and 27.3 Ag g/t over 15.2 meters starting at 41.1 meters, including 7.29 Au g/t Au and 44.2 Ag g/t over 9.1 meters; and a second deeper interval was intercepted starting at 68.6 meters grading 1.20 Au g/t and 7.7 Ag g/t over 7.6 meters. DH 22-01 + 02: Confirmed a new near surface high-grade oxide gold discovery in the newly named Western Slope Zone. The Western Slope zone sits on the edge of an untested sizeable geophysical anomaly which requires additional interpretation. DB-23 is now confirmed as a "discovery hole" as company has repeated it in step-outs in each direction in its Fall 2022 program. The company feels that the Excelsior Springs project is an important discovery in Nevada given its close proximity to major gold producers in the Walker Lane trend. Initial analysis is that the Western Slope could be at the "tip" of an Intrusion-Related Gold ("IRG") system that could potentially expand at depth and contain millions of ounces similar to other Tintina-Style gold deposits.