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.
Overview of Athena Gold Corporation
Athena Gold Corporation (OTCQB: AHNR) is an exploration stage company engaged in the acquisition and development of mineral property assets with an emphasis on precious and base metals. With a core focus on mineral exploration and rigorous geological surveys, Athena Gold leverages its technical expertise to assess historically significant mining districts in North America.
Core Operations and Business Model
The company’s operations are centered on acquiring prospective mineral claims and advancing exploration programs. Athena Gold systematically integrates historical exploration data with modern technical methods including sampling, mapping, and drilling. Its flagship Excelsior Springs project in Nevada is located in the prolific Walker Lane Trend—a region renowned for its economic gold and silver occurrences. This project encompasses numerous historic mining sites and targets near known mineralized structures, allowing the company to utilize both surface and underground exploration techniques.
Project Portfolio
Athena Gold’s diversified portfolio includes several prominent projects:
- Excelsior Springs Project: Located in Nevada, this flagship asset spans a large land package featuring historic mines, extensive drill holes, and promising oxide and sulfide mineralization. The project is characterized by structurally controlled mineralization with potential for both open pit and underground mining methods.
- Blue Dick Claims: Recently consolidated into the Excelsior Springs project, these unpatented claims expand the mineralized land package and offer new targets for precious and base metals.
- Ontario Assets: Athena Gold has strategically acquired projects in Ontario, including exploration properties in renowned mining camps such as the Red Lake Gold District. These underexplored assets, including the Laird Lake and Oneman Lake projects, benefit from a similar geological setting as major deposits in the region, highlighting the company’s commitment to diversified exploration across premier jurisdictions.
Exploration Approach and Technical Expertise
Utilizing a rigorous technical approach, Athena Gold applies advanced geological and geochemical methods to delineate mineralized zones. Their exploration process involves:
- Comprehensive mapping and sampling programs to identify high-grade targets.
- Integration of historical data with contemporary drilling and assay techniques.
- Systematic analysis of structural controls, such as fault zones and vein orientations, which concentrate precious metals.
This detailed approach lends credibility to the company’s explorative initiatives and reinforces its standing as an organization with deep industry knowledge and robust expertise.
Competitive Landscape and Market Position
Athena Gold Corporation operates within a competitive landscape characterized by a number of junior mining companies seeking to capitalize on historically prolific districts. What differentiates Athena Gold is its methodical acquisition strategy combined with thorough exploration programs that focus on both established and underexplored regions. Its portfolio of assets in renowned districts like Nevada’s Walker Lane and Ontario’s Red Lake positions it among noteworthy players in the mineral exploration segment.
Commitment to Expertise and Industry Standards
Adhering to high standards of expertise, experience, and technical accuracy, Athena Gold ensures that all explorative work is conducted in conformity with industry best practices and regulatory guidelines. The company’s emphasis on reliable data and methodical assessment techniques underpins its ongoing efforts to advance economically viable mineral deposits while maintaining transparency and credibility in all its operations.
Conclusion
In summary, Athena Gold Corporation stands out for its disciplined approach to mineral exploration, its strategic project acquisitions, and its commitment to leveraging advanced geological insights. The company’s focus on generating long-term, fact-based exploration narratives makes it a significant point of interest for those seeking an in-depth understanding of mineral asset development in North America.
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.
Athena Gold Corporation (OTCQB:AHNR) announced on October 18, 2021, that its common shares will commence trading on the Canadian Securities Exchange (CSE) under the ticker symbol ATHA. This strategic move aims to enhance liquidity for shareholders and broaden access to a larger investor base across Canada, the UK, and Europe. John Power, CEO, expressed optimism about the new listing, which is expected to support initial exploration programs on the Excelsior Springs Project in Nevada.
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