White Rock, BC – November 11, 2025 – Athena Gold Corporation (CSE: ATHA | OTCQB: AHNRF) is pleased to announce a significant expansion of its Excelsior Springs Project in Nevada. The company’s partner, Mammoth Minerals Limited (ASX: M79), has increased the project’s landholding by 340%, now totaling 83.6 km² through new strategic claim staking.
Project Highlights
- Newly staked areas include multiple gold, tungsten, antimony, copper, and silver prospects verified by the US Geological Survey MRDS database.
- Key historical mines and prospects include:
- Old Buster Mine – former gold-tungsten-silver producer
- Kentucky Mine – former gold-silver producer
- Lidia Queen Mine – former gold-silver-lead producer
- Mattmueller Mine – antimony occurrence
- Palmetto Mine – former silver producer
- Paymaster and Nevada Prospects – gold-silver-copper showings
- Reliance and Helpmeet Claims – copper-barite occurrences
- High-resolution LiDAR mapping revealed additional mineralized zones not covered in public records.
- Magnetics and radiometric survey completed; interpretation is underway to identify the mineralized system associated with a possible Caldera margin.
Strategic Advantage for Athena
Under its joint venture, Mammoth Minerals can earn an 80% interest in the Excelsior Springs Project, carrying Athena through to a definitive feasibility study. Athena retains a 20% free-carried interest and a 1% Net Smelter Return royalty on the newly acquired tenure.
Qualified Person Statement
The technical information in this release has been reviewed by Benjamin Kuzmich, P.Geo., VP Exploration for Athena Gold Corporation, and Qualified Person as per NI 43-101 standards.
About Athena Gold Corporation
Athena Gold Corporation is a North American mineral exploration company focused on discovering and developing precious and base metal assets.
- Laird Lake Project (Ontario) – 7,000+ hectares in Red Lake District with high-grade gold samples (up to 373 g/t Au).
- Excelsior Springs Project (Nevada) – Over 2,500 hectares within the prolific Walker Lane Trend.
- Oneman Lake Project (Ontario) – 100% owned Au-VMS property.
Visit www.athenagoldcorp.com for more information.
Contact Information
Athena Gold Corporation
Koby Kushner, President & CEO
📞 +1 (416) 846-6164 | ✉️ kobykushner@athenagoldcorp.com
Investor Relations – CHF Capital Markets
Cathy Hume, CEO
📞 +1 (416) 868-1079 ext. 251 | ✉️ cathy@chfir.com
Forward-Looking Statement Disclaimer
This news release contains forward-looking statements as defined under applicable Canadian and U.S. securities laws. Actual results may differ materially due to various factors including exploration outcomes, commodity price fluctuations, and regulatory approvals. The Company assumes no obligation to update these statements.