High-Grade Silver, Gold, Copper, and Antimony Reported From Excelsior Project, Nevada

Nov 10, 2025

Sampling extends the high-grade polymetallic Blue Dick Trend to ~3km strike

WHITE ROCK, BRITISH COLUMBIA / ACCESS Newswire / November 10, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) (“Athena” or the “Company”) is pleased to provide an exploration update from its 100%-owned Excelsior Springs project in Nevada. Mammoth Minerals Limited (M79) (formerly Firetail Resources Limited) has been aggressively exploring Excelsior, per its option agreement to earn an 80% interest in the project over five years, providing Athena a free-carry to Definitive Feasibility Study thereafter (see press releases dated June 2, 2025, and August 22, 2025). Recently, Mammoth reported high-grade polymetallic rock chip and sampling results from the Blue Dick Trend, on the eastern portion of the Excelsior Springs project (see Mammoth press release, dated November 7, 2025).

Highlights

  • Sampling from the Blue Dick Trend, as reported by Mammoth, have expanded the zone to a 2.9km strike, with high grade results including:
    • 5,980g/t Ag, 7.65g/t Au, 0.66% Sb, 0.55% Cu, 3.85% Pb – C110873
    • 4,160g/t Ag, 4.7g/t Au, 0.36% Sb, 0.61% Cu – C110877
    • 674g/t Ag, 4.4g/t Au, 0.18% Sb – C110866
    • 363g/t Ag, 5.91g/t Au, 5.76% Zn – C110888
    • 178g/t Ag, 10.25g/t Au, 1.58% Pb, 2.41% Zn – C110892
    • 42.1g/t Au, 35g/t Ag – C23912
    • 17.85g/t Au, 106g/t Ag – C23945
    • 13.8% Cu, 0.57g/t Au – C23903
    • 338g/t Ag, 8.07% Cu, >20% Pb, 1.55g/t Au – C239308
  • Petrophysical analysis is underway to determine optimal geophysical targeting methods.
  • Multiple significant ground disturbances including pits and adits have been identified along strike and parallel to the Blue Dick Mine – further reconnaissance sampling and mapping planned.
  • Structural interpretation and targeting will be refined following the delivery of high-resolution magnetic coverage, which is expected in coming weeks.
  • Project-wide LiDAR survey completed, with results to provide high-resolution topography to assist with identifying and mapping the extensive previous mining activities undertaken at site.
  • Diamond drilling continues across the Buster Gold Trend, with multiple batches of samples submitted for assay analysis.
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