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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 (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.
Athena Gold Corporation (OTCQB:AHNR) has signed an agreement with a drill contractor to initiate a 5,000 foot reverse circulation drill program at its Excelsior Springs gold project in Nevada. The drilling, set to commence by the end of March, aims to expand known mineralization and substantiate the project's potential. The Bureau of Land Management has approved the company’s permit for up to 6 drill pads and 11 holes. Notably, 61% of historic drill results indicate gold mineralization above a cutoff grade of 0.25g Au/T, with numerous prospective drill targets on the nearly 3,000-acre site.
Athena Gold Corporation (OTCQB:AHNR) has obtained final approval from the Bureau of Land Management for its drilling and exploration permit in Nevada. This grant allows for up to 6 drill pads and 11 reverse circulation drill holes at the Excelsior Springs Project. The company plans to focus on near-surface targets using RC drilling, while also contemplating additional drill holes on leased claims. Athena believes that the revised exploration strategy could yield significant data on gold mineralization, with historic drilling results indicating promising gold grades.
Athena Gold Corporation (AHNR) has amended its option agreement with Nubian Resources Ltd. regarding the acquisition of the Excelsior Springs gold project in Nevada. The amendment extends the deadline for issuing 45 million shares to acquire a 100% interest in the project to December 31, 2021. Athena aims to develop economic gold properties and is currently focused on the Excelsior Springs project.
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