ATHENA GOLD CORPORATION - AHNR STOCK NEWS

Athena Gold Corporation (OTCQB: AHNR) announced an expansion of its Fall 2022 reverse circulation drill program from six to nine holes at the Excelsior Springs Project in Nevada, increasing total footage to 2,700 feet (820 meters). This initiative aims to further define the mineralization identified in a historic drill hole (DB-23), which reported 110 feet of 5.2 g/t Au. The drilling is expected to provide critical insights into the project's mineral potential, with assay results anticipated in Q1 2023.

Athena Gold Corporation (AHNR) has initiated its fall 2022 reverse circulation drill program at the Excelsior Springs Project, aiming for 2,000 feet of drilling across six holes. The Bureau of Land Management has approved the necessary permits. The first three holes will focus on the mineralized zone surrounding the successful discovery hole DB-23, which reported 110 feet of 5.2 g/t Au and 8.9 g/t Ag. Remaining holes will test other high-priority targets, with significant historical intercepts expected to guide future exploration.

Athena Gold Corporation (OTCQB:AHNR) has announced the upsizing of its non-brokered private placement offering to 8,125,000 units at CAD $0.08 each, aiming for total proceeds of CAD $650,000. Each unit comprises one common share and a purchase warrant priced at CAD $0.12, valid for 24 months. Following this, the second tranche closed with 1,737,500 units, raising CAD $139,000, to be used for project exploration and working capital. All units are subject to resale restrictions under U.S. securities laws.

Athena Gold Corporation (OTCQB:AHNR) has completed the acquisition of a 100% interest in the Fortunatus and Prout mining claims, integral to the Excelsior Springs project in Nevada. This comes as the company announces plans for a Phase 2 drill program following a significant discovery hole, DB-23, which reported impressive gold and silver grades. Additionally, Athena closed the first tranche of a private placement, raising CAD $304,800 to support project exploration.

Athena Gold Corporation (OTCQB:AHNR) announced positive assay results from its 2022 RC drill program at the Excelsior Springs Project in Nevada. The program revealed high-grade gold in hole DB-23, with a notable 110-foot intercept averaging 5.15 g/t Au and 8.9 g/t Ag. Specifically, it featured a 55-foot section yielding 10.03 g/t Au. This drill hole boasts the highest Grade x Thickness (G x T) of 566 in the project’s history, indicating significant potential for further mineralization. Future plans include Phase 2 drilling to explore extensions of these findings.

Athena Gold Corporation (OTCQB:AHNR) has completed its second tranche of a non-brokered private placement, raising CAD $325,500 by issuing 4,068,750 units, totaling CAD $500,000 from both tranches. Each unit consists of a common share and a warrant to purchase shares at CAD $0.15 until April 2025. An insider acquired 2,193,750 units for CAD $175,500 under related party transaction exemptions. Proceeds will support exploration and working capital. The Excelsior Springs Project in Nevada covers 3.5 km², historically producing gold, though past estimates may not reflect current mineralization.

Athena Gold Corporation (OTCQB:AHNR) has upsized its RC drill program to 5,575 feet at the Excelsior Springs Project in Nevada, completed in early April 2022. The program involved drilling 11 vertical and angle holes, aimed at delineating and expanding gold mineralization. Assay results are pending following sample shipment to a Nevada laboratory. The Excelsior Springs Project includes historical gold production estimates of 18,000 tonnes at 37.3 g Au/T. Quality control measures are in place to ensure assay reliability, with future exploration targeting identified silicified zones.

Athena Gold Corporation (OTCQB:AHNR) has successfully closed the first tranche of a non-brokered private placement, raising CAD $174,500 from the issuance of 2,181,250 Units at CAD $0.08 per Unit. Each Unit includes a common share and a warrant allowing purchase at CAD $0.15 within 36 months. An insider purchased 1,181,250 Units for CAD $94,500 in a related party transaction. The proceeds will fund property exploration and general working capital. All securities will have a four-month and one-day hold period in Canada.

Athena Gold Corporation (OTCQB:AHNR) has initiated its 2022 Drill Program at the Excelsior Springs Project in Esmeralda County, Nevada, which includes over 5,000 feet of reverse circulation drilling. The aim is to expand known mineralization in a region recognized for its historical gold production exceeding 20 million ounces. The program began on March 24, 2022, with progress reported as planned. Athena aims to enhance understanding of the mineral potential in an area previously characterized by an estimated production of 18,000 tonnes at 37.3 grams of gold per tonne.