Welcome to our dedicated page for Athena Gold news (Ticker: AHNR), a resource for investors and traders seeking the latest updates and insights on Athena Gold stock.
About Athena Gold Corp
Athena Gold Corporation (OTCQB: AHNR) is a mineral exploration company focused on the discovery and development of precious and base metal deposits across North America. The company is actively engaged in exploring high-potential properties with the aim of identifying economic mineral reserves. Athena's strategic approach combines the acquisition of underexplored assets with the application of modern geological techniques to maximize resource potential.
Flagship Projects
1. Excelsior Springs Project (Nevada, USA): Situated in the prolific Walker Lane Trend, this project spans 1,675 hectares and includes multiple historic mines such as Buster, Lida Belle, and Blue Dick. The region is known for its structural controls on mineralization, hosting significant gold and silver deposits. Recent drilling at Excelsior Springs has uncovered shallow oxide gold mineralization, with results including 5.35 g/t Au over 33.5 meters. The project shows potential for both open-pit mining of shallow deposits and underground mining of deeper feeder zones.
2. Laird Lake Project (Ontario, Canada): Located in the Red Lake Gold District, this 4,158-hectare property covers over 10 kilometers of the Balmer-Confederation Assemblage contact, a geological structure associated with some of the highest-grade gold mines globally. Surface sampling has returned grades as high as 373 g/t Au, highlighting the area's potential for high-grade discoveries. The project benefits from excellent infrastructure and proximity to major operations like Kinross Gold's Great Bear project and West Red Lake Gold's Madsen mine.
Business Model and Strategy
Athena Gold generates value through a focused strategy of acquiring, exploring, and developing mineral properties with high economic potential. By targeting regions with proven geological potential, the company minimizes exploration risk while maximizing opportunities for discovery. Athena's dual-region approach—combining the oxide gold potential of Nevada with the high-grade gold opportunities in Ontario—diversifies its project portfolio and enhances its growth prospects.
Competitive Landscape
Operating within the competitive precious metals exploration industry, Athena Gold differentiates itself through its focus on underexplored properties with significant upside potential. The company leverages historical data, advanced geological modeling, and targeted drilling programs to efficiently identify and expand mineralized zones. Its strategic acquisitions, such as the Blue Dick claims in Nevada and the Laird Lake project in Ontario, further strengthen its competitive position.
Industry Context
The precious metals industry continues to experience robust demand driven by factors such as economic uncertainty, inflationary pressures, and the role of gold and silver as safe-haven assets. Athena's projects are located in mining-friendly jurisdictions with strong infrastructure and regulatory support, aligning with the industry's long-term growth trends.
Future Outlook
With a focus on advancing its flagship projects, Athena Gold is well-positioned to capitalize on the growing demand for precious metals. The company plans to conduct additional drilling and geochemical surveys to expand its resource base and enhance shareholder value. Its commitment to responsible exploration and sustainable development underpins its long-term vision of becoming a significant player in the North American mining sector.
Athena Gold (CSE:ATHA)(OTCQB:AHNR) has announced its participation in the upcoming Prospectors & Developers Association of Canada (PDAC) Convention. The event will be held at the Metro Toronto Convention Centre from March 2-5, 2025. The company will be exhibiting at Booth No. 3144 at the Investors Exchange in the South Building, sharing space with Libra Lithium Corp. Investors and attendees will have the opportunity to meet with incoming management team members Koby Kushner, Ben Kuzmich, and Andrew Jedemann.
Athena Gold (CSE:ATHA)(OTCQB:AHNR) announced that its SEC Form S-4 Registration Statement for the proposed merger with its British Columbia subsidiary, Nova Athena Gold Corp., was declared effective by the SEC on February 4, 2025. The company has scheduled a virtual Annual General and Special Meeting for March 27, 2025, at 10:00 a.m. MST.
Stockholders of record as of February 18, 2025, can register to attend the virtual meeting via Zoom. Meeting materials, including the proxy statement/prospectus, are expected to be mailed to stockholders around March 6, 2025. The board recommends voting 'FOR' all proposals.
Upon closing, which is expected shortly after the Meeting subject to stockholder approvals and other conditions, the merged entity will maintain the name 'Athena Gold ' and continue trading on the Canadian Securities Exchange and OTCQB.
Athena Gold (AHNR) has reported significant findings from its fall regional prospecting program at the Excelsior Springs project in Nevada. The program, conducted by Big Rock Exploration in November 2024, focused on the Buster, Lida Belle, and Blue Dick target areas.
A key highlight is the discovery of high-grade silver mineralization, with sample K024547 yielding exceptional results of 6,630 g/t Ag, along with 0.4 g/t Au, 2.28% Cu, and 2.42% Pb from the Blue Dick area. This area, which has no known historical drill records, represents a significant exploration opportunity for the company.
The sampling program marks Athena's first exploration of the recently acquired Blue Dick claims, with further analytical results still pending. The company plans to conduct additional exploration in this promising area.
Athena Gold reports exceptional gold sampling results from its Laird Lake project in Ontario's Red Lake Gold District. The highest-grade sample returned 373 g/t Au, marking the highest-grade grab sample ever taken at the project. The property spans 4,158 hectares and covers over 10 km of Balmer-Confederation Assemblage contact.
The project is strategically located 10 km west of West Red Lake Gold Mines' Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. Mineralization has been confirmed over 2.2 km of strike length and remains open along strike. The company plans to conduct a property-wide geochemistry survey in H1 2025, followed by an initial drill program.
Gold mineralization occurs in quartz veins, high-strain zones, and banded iron formation up to 15 m wide. Recent research suggests Laird Lake represents the continuation of the mineralized structure found at the Madsen and Starratt-Olsen gold mines.
Athena Gold (CSE:ATHA)(OTCQB:AHNR) has increased its non-brokered private placement from CDN $1,000,000 to CDN $1,250,000 due to strong demand. The company has closed a second tranche, issuing 6,460,000 units at CDN $0.05 per unit for CDN $323,000. This follows the first tranche of 12,000,000 units for CDN $600,000.
Each unit includes one common share and half a warrant, exercisable at CDN $0.12 for 36 months. The proceeds will fund exploration at the Excelsior Springs Project in Nevada and the Laird Lake and Oneman Lake Projects in Ontario. Insiders have participated with 6,790,000 units totaling CDN $339,500 across both tranches.
Athena Gold reports high-grade gold samples from its reconnaissance surface sampling program at the newly acquired Laird Lake project in Ontario's Red Lake Gold District. The project spans 4,158 hectares and covers >10 km of Balmer-Confederation Assemblage contact. Initial six surface grab samples confirmed mineralization over 2.2 km of strike length, with the highest-grade sample returning 56.5 g/t Au. The project is strategically located 10 km west of West Red Lake Gold Mines' Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. Additional prospecting work results are expected by year-end, with a property-wide geochemistry survey planned for H1/2025.
Athena Gold (CSE:ATHA)(OTCQB:AHNR) has closed the first tranche of a non-brokered private placement, raising CAD $600,000 through the issuance of 12,000,000 units at CAD $0.05 per unit. Each unit includes one common share and half a warrant exercisable at CAD $0.12 for 36 months. Insiders purchased 4,590,000 units for CAD $229,500. The proceeds will fund exploration at the Excelsior Springs Project in Nevada and the newly acquired Laird Lake and Oneman Lake Projects in Ontario, along with general expenses and amalgamation costs.
Athena Gold (CSE:ATHA) (OTCQB:AHNR) announced the acquisition of the Laird Lake and Oneman Lake gold projects in Ontario from Libra Lithium Corp. The deal involves issuing 43,865,217 common shares to Libra, who will own 19.9% of Athena post-transaction. The acquisition includes 218 mining claims over 4,736 hectares. Regulatory approvals are pending.
Libra's board members David Goodman and Koby Kushner will join Athena, with Goodman as Chairman and Kushner as President and CEO. The technical team from Libra will also join Athena. The acquisition aims to diversify Athena's portfolio, building on their flagship Excelsior Springs project in Nevada.
The Laird Lake project is in the Red Lake Gold Camp, known for its high-grade gold mines. The Oneman Lake project is in the Kenora Mining District, featuring a breccia zone with sulfide minerals.
Athena plans to merge and redomicile to British Columbia, maintaining its OTCQB listing. The merger is expected to complete in early 2025.
Athena Gold (CSE:ATHA)(OTCQB:AHNR) reports high-grade gold and silver samples from its first underground mapping and sampling program at the Excelsior Springs project in Nevada's Walker Lane District. Key findings include:
- Sample of 50.6 g/t Au and 33.7 g/t Ag over 0.3 m from the 75' level
- Sample of 28.1 g/t Au and 29.6 g/t Ag over 1.0 m from the 125' level
The program, conducted at the past-producing Buster Mine, provides insights into the mineralized orebody and structural controls. Two distinct structural orientations were observed, both east-west striking. The company believes this work demonstrates the importance of shallow structures in controlling mineralization at Excelsior Springs, which will inform future drilling targets.
Athena Gold (CSE:ATHA)(OTCQB:AHNR) has announced a transformative transaction with Libra Lithium Corp. The deal includes:
1. Acquisition of Libra's Laird Lake and Oneman Lake gold projects in Ontario, Canada
2. Management changes: David Goodman joining as Chairman, Koby Kushner as President, CEO, and Director
3. Plans to redomicile to Canada
4. Libra to own approximately 19.9% of the pro-forma company
The transaction is expected to close by October 10, 2024. Laird Lake is located in the Red Lake Gold Camp, near major gold projects. The acquisition aims to create a premier, discovery-focused gold explorer in Nevada and Ontario.
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