Athena Samples Bonanza Grade Gold, up to 373 g/t, Laird Lake, Red Lake Gold District, Ontario
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 riporta risultati eccezionali di campionamento dell'oro dal suo progetto Laird Lake nel Distretto Oro di Red Lake in Ontario. Il campione con il grado più alto ha restituito 373 g/t Au, segnando il campione grab di grado più alto mai prelevato nel progetto. La proprietà si estende per 4.158 ettari e copre oltre 10 km di contatto tra Assemblaggio Balmer-Confederation.
Il progetto è strategicamente posizionato a 10 km a ovest della miniera Madsen della West Red Lake Gold Mines e a 34 km a nord-ovest del progetto Great Bear della Kinross Gold. La mineralizzazione è stata confermata su una lunghezza di 2,2 km e rimane aperta lungo la strike. L'azienda prevede di condurre un'indagine geochimica su tutta la proprietà nel primo semestre del 2025, seguita da un programma di perforazione iniziale.
La mineralizzazione dell'oro si verifica in vene di quarzo, zone ad alta deformazione e formazioni di ferro bandato fino a 15 m di larghezza. Ricerche recenti suggeriscono che Laird Lake rappresenta la continuazione della struttura mineralizzata trovata nelle miniere d'oro Madsen e Starratt-Olsen.
Athena Gold informa sobre resultados excepcionales de muestreo de oro de su proyecto Laird Lake en el Distrito de Oro de Red Lake, Ontario. La muestra de mayor grado retornó 373 g/t Au, marcando la muestra grab de mayor grado jamás obtenida en el proyecto. La propiedad abarca 4,158 hectáreas y cubre más de 10 km de contacto entre los ensamblajes Balmer-Confederation.
El proyecto está estratégicamente situado a 10 km al oeste de la mina Madsen de West Red Lake Gold Mines y a 34 km al noroeste del proyecto Great Bear de Kinross Gold. La mineralización ha sido confirmada en una longitud de strike de 2.2 km y permanece abierta a lo largo del strike. La empresa planea llevar a cabo una encuesta geoquímica en toda la propiedad en la primera mitad de 2025, seguida de un programa de perforación inicial.
La mineralización de oro ocurre en vetas de cuarzo, zonas de alta deformación y formaciones de hierro bandado de hasta 15 m de ancho. Investigaciones recientes sugieren que Laird Lake representa la continuación de la estructura mineralizada encontrada en las minas de oro Madsen y Starratt-Olsen.
아테나 골드는 온타리오 레드 레이크 골드 디스트릭트에 있는 레어드 레이크 프로젝트에서 비범한 금 샘플링 결과를 보고했습니다. 최고 등급 샘플은 373 g/t Au를 기록하여 이 프로젝트에서 채취된 최고 등급의 잡 샘플을 기록했습니다. 이 토지는 4,158 헥타르에 걸쳐 있으며 발머-연합 접촉면을 10km 이상 포함하고 있습니다.
이 프로젝트는 웨스트 레드 레이크 골드 마인즈의 매드센 광산에서 10km 서쪽, 킹로스 골드의 그레이트 베어 프로젝트에서 34km 북서쪽에 전략적으로 위치해 있습니다. 광물화는 2.2km의 스트라이크 길이에서 확인되었으며 스트라이크를 따라 개방된 상태입니다. 회사는 2025년 상반기에 전체 부지의 지구화학 조사를 실시할 계획이며, 이를 바탕으로 초기 시추 프로그램을 진행할 것입니다.
금 광물화는 석영 vein, 고변형 영역 및 최대 15m 폭의 띠형 철광석에서 발생합니다. 최근 연구에 따르면 레어드 레이크는 매드센 및 스타랫-올슨 금 광산에서 발견된 광물화 구조의 연속을 나타냅니다.
Athena Gold rapporte des résultats exceptionnels d'échantillonnage d'or de son projet Laird Lake dans le district aurifère de Red Lake en Ontario. L'échantillon le plus riche a restitué 373 g/t Au, marquant l'échantillon grab de la plus haute qualité jamais pris dans le projet. La propriété s'étend sur 4 158 hectares et couvre plus de 10 km de contact entre l'assemblage Balmer-Confederation.
Le projet est stratégiquement situé à 10 km à l'ouest de la mine Madsen de West Red Lake Gold Mines et à 34 km au nord-ouest du projet Great Bear de Kinross Gold. La minéralisation a été confirmée sur une longueur de 2,2 km de strike et reste ouverte le long du strike. La société prévoit de réaliser une enquête géochimique sur l'ensemble de la propriété au premier semestre 2025, suivie d'un programme de forage initial.
La minéralisation aurifère se produit dans des veines de quartz, des zones de forte déformation et des formations de fer en bandes pouvant atteindre 15 m de large. Des recherches récentes suggèrent que Laird Lake représente la continuation de la structure minéralisée trouvée dans les mines d'or Madsen et Starratt-Olsen.
Athena Gold berichtet von außergewöhnlichen Goldprobenahmeergebnissen aus ihrem Laird Lake Projekt im Red Lake Gold District in Ontario. Die Probe mit dem höchsten Gehalt lieferte 373 g/t Au und ist somit die höchste jemals in diesem Projekt entnommene Grabprobe. Das Grundstück erstreckt sich über 4.158 Hektar und umfasst über 10 km Kontakt zwischen dem Balmer-Confederation-Assemblage.
Das Projekt befindet sich strategisch 10 km westlich der Madsen Mine von West Red Lake Gold Mines und 34 km nordwestlich des Great Bear Projekts von Kinross Gold. Die Mineralisierung wurde auf einer Streichenlänge von 2,2 km bestätigt und bleibt entlang der Strike geöffnet. Das Unternehmen plant, in der ersten Hälfte von 2025 eine geochemische Untersuchung des gesamten Grundstücks durchzuführen, gefolgt von einem ersten Bohrprogramm.
Goldmineralisierung erfolgt in Quarzadern, Hochdeformationszonen und banded iron formation mit einer Breite von bis zu 15 m. Jüngste Forschungen deuten darauf hin, dass Laird Lake das Fortlaufen der mineralisierten Struktur darstellt, die in den Goldminen Madsen und Starratt-Olsen gefunden wurde.
- Record-breaking gold grade of 373 g/t Au from surface sampling
- Strategic location near major gold mines with 4,158 hectares of land
- Confirmed mineralization over 2.2 km strike length, open in both directions
- Property situated along key Balmer-Confederation contact where >90% of Red Lake's gold was mined
- Project is still in early exploration phase with minimal historical work
- Drilling program not yet commenced
- Results to surface sampling, pending deeper exploration
VACAVILLE, CA / ACCESSWIRE / December 4, 2024 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNR) ("Athena" or the "Company") is pleased to report additional high-grade gold samples from its reconnaissance prospecting 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 road-accessible project 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.
"Laird Lake continues to impress. Our sample returning 373 g/t Au represents the highest-grade grab sample ever taken at the project and, to our knowledge, is amongst the highest-grade surface grab samples publicly reported in the Red Lake Gold District. With more than 10 km of Balmer-Confederation contact to explore and high-grade, visible gold showings scattered throughout, we believe we might be on the cusp of the next major gold discovery in Red Lake," stated John Power, President & CEO of Athena Gold.
Highlights:
Additional sampling of surface grab samples taken at the Laird Lake project in October 2024 confirmed mineralization over 2.2 km of strike length along the contact between the Balmer and Confederation Assemblages (Figure 1). Mineralization is open along strike to the east and west.
The Balmer-Confederation contact is believed to be a significant 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.Thehighest-grade sample to date returned 373 g/t Au and was collected from a smoky quartz vein with blebby pyrite, chalcopyrite, and visible gold. This sample represents the highest-grade gold sample ever recorded in Laird Lake's history.
The recent reconnaissance prospecting program is expected to guide a property-wide geochemistry survey scheduled to commence in H1 2025. The results 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 minesi 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 (Figure 2).
Figure 1: Map of Laird Lake project, showing selected assays from the October 2024 sampling program.
Figure 2: Map of Laird Lake and Madsen, showing mapped Balmer-Confederation contact and dextral Laird Lake Fault.
Geology:
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.
Future Drill Testing:
Laird Lake has been subject to only minimal historical exploration work, mainly because the Balmer-Confederation contact was only mapped on Laird Lake in recent times as part of an MSc. research thesis. Athena's initial work programs are focused on understanding structural controls and potential splays off this contact that may host high-grade gold mineralization.. 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 and will be included in future drilling on the property, in addition to other targets generated from prospecting and geochemical programs.
About Our Laird Lake Project
The 4,158 ha Laird Lake property is situated 20 km to the southwest of the town of Red Lake, Ontario. Red Lake is a prolific gold mining town in Northwestern Ontario. Importantly, >
34km to the Great Bear project (Kinross - 2.7 Moz indicated, and 3.9 Moz inferred)iii;
11 km to the Madsen Mine (West Red Lake Gold - 1.7 Moz indicated, and 0.4 Moz inferred); and
28 km to the Red Lake Mine (Evolution Mining - 7.2 Moz indicated, and 4.5 Moz inferred)iv.
Limited exploration activity at Laird Lake has demonstrated that high-grade gold mineralization occurs in both Balmer and Confederation Assemblage rocks over several kilometers in proximity to the main Balmer-Confederation contact. The highest gold grades on the property show a strong correlation to high-strain zones characterized by the presence of silicification, disseminated sulfides, and gossan. The Laird Lake property is dominated by mafic to ultramafic metavolcanic rocks as well as lesser banded iron formation and felsic to intermediate metavolcanic rocks of the Balmer and Confederation Assemblages. Felsic to ultramafic intrusive units are also present throughout the property, most notably of which include the Killala-Baird Batholith to the north, and the Medicine Stone Lake Batholith to the south.
QA/QC
Analytical work for rock samples was completed by ALS Laboratories, and sample preparation and geochemical analyses were completed in Thunder Bay, Ontario. Samples were crushed before a 250-gram split was pulverized to better than
Qualified Person
Technical information in this news release has been reviewed and approved by Benjamin Kuzmich, P.Geo., a geoscientist and qualified person for the purposes of National Instrument 43-101.
About Athena Gold Corporation
Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America.
Athena's flagship Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans 1,675 ha and covers at least three historic mines along the Palmetto Mountain trend, where the Company is following up on a recent shallow oxide gold discovery, with drill results including 5.2 g/t Au over 33 m.
The Company's new Laird Lake project is situated in the Red Lake Gold District of Ontario, covering 4,158 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 56.5 g/t Au. This underexplored area is road-accessible, located about 10 km west of the Madsen mine by West Red Lake Gold Mines and 34 km northwest of Kinross Gold's Great Bear project.
For further information about Athena Gold Corporation, please visit www.athenagoldcorp.com.
On Behalf of the Board of Directors
John C. Power
Chief Executive Officer and President
Email: johnpower@athenagoldcorp.com
Contact:
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: cathy@chfir.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US. Securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", ''plans", "may", "should", ''potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various risk factors as disclosed in the final long form prospectus of the Company dated August 31, 2021.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise.
iGeology and Geochemistry of the Laird Lake Property and Associated Gold Mineralization - https://www.lakeheadu.ca/programs/departments/geology/about/msc-theses/summaries/node/47164
iiIndependent NI 43-101 Technical Report and Updated Mineral Resource Estimate - https://westredlakegold.com/wp-content/uploads/2024/04/26Apr24_-_PureGold_Mine_NI_43-101_Technical_Report_-_WRLG.pdf
iiiGreat Bear Gold Project Preliminary Economic Assessment - https://s2.q4cdn.com/496390694/files/doc_downloads/2024/09/Great_bear/Kinross-Great-Bear-PEA-TR-REVISED-FINAL-Sep-9-2024.pdf
ivEvolution Mining Mineral Resource and Ore Reserve Statement, December 2023 - https://evolutionmining.com.au/reservesresources/
SOURCE: Athena Gold Corp
View the original press release on accesswire.com
FAQ
What was the highest gold grade sample reported by Athena Gold (AHNR) at Laird Lake?
When will Athena Gold (AHNR) begin its geochemistry survey at Laird Lake?
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