by adminathena | Sep 4, 2025 | News
FOUR NEW GEOCHEMICAL ANOMALIES TO BE TESTED
WHITE ROCK, BC / ACCESS Newswire / September 4, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) (“Athena” or the “Company”) is pleased to announce the results from the 2025 summer till program completed at its flagship Laird Lake gold project, located in Ontario’s prolific Red Lake Gold District (see press releases dated April 17, 2025, and July 14, 2025). Results from the program have highlighted at least four distinct zones of gold anomalism, ranging up to approximately 3,000 metres in length, newly named Nemo, Bounty, Hugo, and Chungus zones. Three of the new zones are not associated with any historical occurrences and represent new opportunities to make near-surface discoveries. On the back of these till results, Athena has further grown its land position by another 2,302 hectares, with the project now comprising a total of 7,457 hectares.
“We are beyond thrilled with the results from our 2025 till program at Laird Lake, which have revealed four significant gold anomalies in Ontario’s Red Lake Gold District. The discovery of the Nemo, Hugo, and Chungus zones, combined with the expansion of our land package to over 7,400 hectares, positions Athena to unlock substantial value in this prolific gold camp. With minimal overburden and road-accessible targets, we are well-positioned to efficiently advance these discoveries toward our maiden drilling campaign this winter” said Koby Kushner, CEO.
“The new targets identified happen to occur in areas with very thin overburden. Additionally, we believe the till material sampled likely underwent minimal glacial displacement from surface mineralization near the new anomalies. This means that we should be able to ground truth these targets cheaply and quickly in order to finalize drill targets for our maiden winter drilling campaign” said Benjamin Kuzmich, VP Exploration.
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by adminathena | Aug 22, 2025 | News
Excelsior Springs Fully Funded for 2025 Drilling Program
White Rock, BC – Accesswire – August 22, 2025 – Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) (“Athena” or the “Company”) is pleased to announce that, further to its news release dated June 2, 2025, Mammoth Minerals Limited (ASX: M79) (formerly, Firetail Resources Limited) (“Mammoth” or “M79”) has exercised its option to be able to earn an 80% interest in Athena’s Excelsior Springs project in Nevada, USA (the “Excelsior” project), effective August 19, 2025 (the “Exercise Date”). In consideration. Mammoth has paid Athena AUD$200,000 in cash and issued 32,000,000 ordinary shares in the capital of Mammoth, worth AUD$3,200,000 based on M79’s closing price on the Exercise Date.
“We are pleased to have partnered with a very capable Australian company to build upon our 2023 high-grade gold discovery at Excelsior. Mammoth recently completed a AUD$5 million financing, and per its press release dated August 4, 2025, intends to use these funds to drill Excelsior towards a maiden resource. We continue to retain significant exposure to Excelsior through our royalty interests and our 20% free-carried interest to Definitive Feasibility Study, in addition to our substantial shareholding of M79. The cash and M79 shares further strengthens our balance sheet, comprising over CAD$3 million in cash and securities, at an opportune time as we advance our Ontario gold portfolio, where we are actively defining new targets at our Laird Lake project in Red Lake, ahead of a maiden drill program,” said Koby Kushner, President & CEO of Athena.
Excelsior Springs Option
Athena entered into a property option agreement (the “Agreement”) with Mammoth dated May 28, 2025, granting Mammoth the exclusive right (the “Option”) to be able earn an 80% undivided interest in the Excelsior project. In consideration of the Option, Mammoth has paid Athena AUD$200,000 in cash and issued 32,000,000 ordinary shares in the capital of Mammoth. Mammoth is also required to incur not less than USD$5,000,000 in exploration expenditures over a five-year term, commencing from the Exercise Date, to earn its 80% interest. Athena will retain a 20% free-carried interest in the Excelsior project until completion of a Definitive Feasibility Study is by Mammoth. A 1% net smelter return royalty will also be provided to Athena on certain claims comprising the Excelsior project. Athena reserves the right to buy back any pre-existing royalties on the Excelsior project (see press release dated June 2, 2025).
Crow Springs Termination
Athena is also pleased to announce that, effective August 18, 2025, it has entered into a Termination Agreement with the vendor of the Crow Springs project, whereby both parties have mutually terminated the April 2, 2022, Memorandum of Understanding regarding the acquisition of the Crow Springs project in Esmeralda County, Nevada. Under the terms of the Agreement, all obligations under the MOU have been fully resolved, with no further payments required and ownership of seven BLM claims reverting to the vendor.
About Athena Gold Corporation
Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena’s Laird Lake project is situated in the Red Lake Gold District of Ontario, covering over 5,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project. Meanwhile, its Excelsior project is located in the prolific Walker Lane Trend in Nevada, where it is currently under an earn-in option with Mammoth Minerals Limited. The Excelsior project spans over 2,500 hectares and covers at least three historic mines. Athena also holds a 100% interest in its Oneman Lake Au-VMS project in Ontario.
For further information about Athena Gold Corporation, please visit www.athenagoldcorp.com.
On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer, Athena Gold Corporation
For further information, please contact:
Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: kobykushner@athenagoldcorp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: cathy@chfir.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US. securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, ”potential”, “scheduled”, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
by adminathena | Jul 31, 2025 | News
White Rock, BC — Accesswire — July 31, 2025 – Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) (“Athena” or the “Company”) is pleased to announce a significant expansion of its flagship Laird Lake gold project in Ontario’s prolific Red Lake Gold District, alongside an update on its Excelsior Springs project in Esmeralda County, Nevada.
Laird Lake Project Expansion and Till Program Update
Athena has expanded its Laird Lake project by approximately 24% through the acquisition of an additional 995 hectares via map staking, increasing the total land package to approximately 5,155 hectares. The new claims were staked in response to encouraging initial results from the 2025 field season, which highlighted favourable trending structures trending westwards. Located approximately 10 km west of West Red Lake Gold Mines’ Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project, Laird Lake spans over 10 km of the prospective Balmer-Confederation Assemblage contact, positioning it as a cornerstone of Athena’s exploration portfolio (Figure 1).
Figure 1: Regional map of Red Lake Gold District, showing newly expanded Laird Lake project.
The Company has received initial results from its recently completed till sampling program at Laird Lake, initiated in May 2025, which involved the collection of 2,048 till and QAQC samples (see press release dated July 14, 2025). The program, designed to identify gold-in-till anomalies and refine high-priority drill targets, utilized a grid spacing of 100 m x 100 m within the Balmer and Confederation assemblages and 200 m x 200 m in surrounding felsic intrusive bodies. The Company is encouraged by the initial results and anticipates providing a comprehensive update to the market once the full suite of assays has been received and analyzed, expected in late summer 2025. The results are expected to inform follow-up fieldwork and help define drill targets for a planned winter drilling program.
Excelsior Springs Project Expansion and Exploration Update
Athena is pleased to provide an update on its Excelsior Springs project in Nevada, under an option agreement with Firetail Resources Limited (ASX: FTL) (“Firetail”) (see press release dated June 2, 2025). The project land package has been significantly expanded through the staking of an additional 115 unpatented mining claims, increasing its size more than 50% to over 2,500 hectares. The new claims were targeted based on mapping that indicated the presence of Tertiary felsic intrusive rocks and cover multiple undocumented small-scale workings (see Firetail press release dated July 25, 2025). The new claims are 100% owned by Athena and included in the option agreement.
Firetail recently announced that it has advanced exploration at the Excelsior Springs project through reprocessing of magnetics, IP/resistivity, and CSAMT geophysical data, interpreting a >5 km fluid conduit for gold within the Buster Trend and intrusion-related gold targets. Field mapping and sampling revealed further undocumented workings, including an adit within the Buster Trend with mineralization appearing 2-3 m wide. Firetail conducted channel sampling over this previously untested target with assays pending. A 3D underground survey of the Buster and Blue Dick mines is complete, with processing pending. Firetail’s initial diamond drilling program is expected to commence in Q3 2025 (see Firetail press release dated July 29, 2025). Athena continues to support Firetail’s systematic and technology-driven approach to unlocking the project’s potential.
Qualified Person
Technical information in this news release pertaining to the Laird Lake project has been reviewed and approved by Benjamin Kuzmich, P.Geo., a geoscientist and qualified person for the purposes of National Instrument 43-101.
About Athena Gold Corporation
Athena Gold is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena Gold’s Laird Lake project is situated in the Red Lake Gold District of Ontario, covering over 5,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project. Meanwhile, its Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada, where it is currently under option by Firetail Resources Limited. Excelsior Springs spans over 2,500 hectares and covers at least three historic mines. Athena Gold also holds a 100% interest in its Oneman Lake Au-VMS project in Ontario and its Crow Springs Au-Cu project in Nevada.
For further information about Athena Gold Corporation, please visit www.athenagoldcorp.com.
On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer, Athena Gold Corporation
For further information, please contact:
Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: kobykushner@athenagoldcorp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: cathy@chfir.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US. securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, ”plans”, “may”, “should”, ”potential”, “scheduled”, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
