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Athena Gold Corporation (Symbol: AHNR) is an exploration-stage company based in Vacaville, California, focusing on the acquisition and exploration of mineral resource properties within the United States. Founded in 2003, Athena primarily explores for gold and silver, with its flagship project being the Langtry Project. This project comprises 20 patented and 38 unpatented lode mining claims spanning approximately 1,200 acres in the Mojave Desert of Southern California. Recently, Athena has expanded its operations to include the Excelsior Springs Project, located 45 miles southwest of Goldfield in Esmeralda County, Nevada. This project is situated within the prolific Walker Lane tectonic trend, known for its rich deposits of gold and silver.
Athena Gold has been quite active with its recent drilling programs, completing its Spring 2023 Reverse Circulation (RC) drill program, comprising nine angle holes totaling 3,740 feet. Highlights from 2022 drilling programs have shown promising gold and silver intercepts, including a 33.5-meter intercept with 5.15 g/t Au and 8.9 g/t Ag. Additionally, the company's Phase 3 drilling program at the Western Slope Zone (WSZ) within the Excelsior Springs Project extended gold mineralization both east and west, further solidifying the project's potential.
The company also announced the acquisition of 10,000,000 common shares in Nubian Resources Ltd., bolstering its position within the mineral exploration sector. This acquisition signifies Athena’s commitment to expanding its portfolio and enhancing shareholder value.
In terms of quality assurance, Athena implements stringent QA/QC protocols for drill hole assaying, ensuring precision and accuracy in their results. The samples are securely stored and transported to ISO-accredited laboratories, with regular insertion of commercial reference standards and coarse blank standards every 20th sample.
Looking forward, Athena Gold Corporation aims to continue its exploration and development efforts at the Excelsior Springs Project, focusing on expanding known mineralized zones and identifying new targets. The company’s strategic partnerships and ongoing fieldwork underscore its dedication to establishing economically viable precious metal deposits.
For more information, please visit Athena Gold Corporation.
Athena Gold Corporation has successfully completed a non-brokered private placement, raising a total of CAD $1,015,000 through the issuance of 14,500,000 units at CAD $0.07 per Unit. Each Unit comprises one common share and one warrant, with the latter exercisable at CAD $0.10 for two years. The funds will support the 2023 drill program at Athena's Excelsior Springs property in Nevada, known for recent drill results indicating high-grade gold mineralization. Notably, insiders participated significantly, purchasing 7,221,142 units. The company notes that all securities are subject to a hold period and are not registered under U.S. securities laws. Athena aims to advance its mineral exploration projects while navigating the inherent risks associated with mining activities.
Athena Gold Corporation (OTCQB:AHNR) has expanded its Excelsior Springs property by adding 1,000 acres through 51 new BLM claims, increasing its total land package to over 4,000 acres. The company reported significant drill results, including 10.02 Au G/T over 10.7 meters. The new claims will support exploration targets and potential mineralization near the Southwest IP Anomaly. Recent exploration in the Western Slope Zone indicates promising potential for bulk mineable gold deposits. Athena aims for further exploration to identify additional mineralized zones.
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