Athena Reports High-Grade Silver, Up To 6,630 g/t, From Newly Completed Prospecting Program at Excelsior Springs, Nevada
Athena Reports High-Grade Silver, Up To 6,630 g/t, From Newly Completed Prospecting
Program at Excelsior Springs, Nevada
Vacaville, CA ---- January 23, 2025 - Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNR) (“Athena” or
the “Company”) is pleased to report initial results from its recently completed fall regional prospecting
and sampling program at its 100%-owned Excelsior Springs project in Nevada. In November 2024, Big Rock
Exploration was hired to complete a regional prospecting and mapping program over the Excelsior Springs
project, which covered the Buster, Lida Belle, and Blue Dick target areas. The intention is to build a regional
framework to guide and prioritize future exploration. While full analytical results remain pending, the
Company is pleased to report high-grade precious metal values from surface grab samples, including up
to 6,630 g/t Ag from the Blue Dick area – a target with no known historical drill records.
“Since closing our financing, the team has wasted no time diving deep into Excelsior Springs and ground-
truthing the newly acquired Blue Dick claims. The 6,630 g/t Ag sample, which exceeds all known historical
silver sample grades at Excelsior, confirms the area's high -grade nature of silver mineralization .
Importantly, to our knowledge, this target area has never been drill tested, presenting a major blue -sky
opportunity for Athena. We plan to return to this area in short order ,” stated John Power, President and
CEO of Athena Gold.
Highlights:
• The recently completed prospecting program at Excelsior Springs comprised mapping and
sampling over the property area and represented Athena’s first -time exploring the recently
acquired Blue Dick claims (refer to press release dated August 29, 2024).
• Sample K024547 returned bonanza silver grades of 6,630 g/t Ag, along with 0.4 g/t Au, 2.28% Cu,
and 2.42% Pb.
• Sample K024547 also returned high -grade antimony over the >1% Sb detection limit; further
overlimit analytical results remain pending.
• Historical grab samples from the Blue Dick area, grading up to 2,340 g/t Ag, 7.4 g/t Au, 25.5% Cu,
and 6.92% Pb, are indicated in a historical report (R. Milne, 2007, Geology of the BD Claim Block).
The QP has not been able to verify these results, and therefore, these results should not be relied
upon.
• There are no known records of any drilling or geophysical surveys over the Blue Dick claims.
• Further analytical results remain pending from the fall 2024 prospecting program at Excelsior
Springs and will be released once available.
Figure 1: Geological map of Blue Dick claims, Excelsior Springs Project, showing recent and historical
grab sample results.
Figure 2: Sample K024547 collected from a historic rock pile at the Blue Dick area returning 6,630 g/t Ag,
0.4 g/t Au, 2.28% Cu, 2.42% Pb and >1% Sb.
QA/QC
Analytical work for rock samples was completed by ALS Laboratories in Elko, Nevada. Samples were
crushed before a 250-gram split was pulverized to over 85%, passing 75 microns. Rock samples were
analyzed for gold by fire assay using a 30-gram charge with an atomic absorption spectroscopy finish. If
assay results exceed 10.0 g/t gold, the sample rejects are analyzed by 50-gram fire assay with a
gravimetric finish. 0.25-gram splits were collected from the samples and were submitted for four acid
digests with inductively coupled plasma mass spectroscopy. If assay results from Cu, Pb, Zn, or Sb were
above 1% or Ag above 1500 ppm, samples were submitted for acid digest, inductively coupled plasma
atomic emission spectroscopy. For samples above 1500 ppm Ag, 30-gram splits were analyzed by fire
assay with a gravimetric finish. Sampling and analytical procedures are subject to a Quality Assurance
and Quality Control program that includes duplicate samples and analytical standards.
Qualified Person
The technical information in this news release , except as otherwise noted, 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 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 Excelsior Springs
Au-Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans 1,675 ha and
covers at least three historic mines along the Palmetto Mountain trend, where the Company is following
up on a recent shallow oxide gold discovery, with drill results including 5. 35 g/t Au over 33 .5 m.
Meanwhile, the Company’s new Laird Lake project is situated in the Red Lake Gold District of Ontario,
covering 4,158 ha 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.
For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit
www.athenagoldcorp.com.
On Behalf of the Board of Directors
John C. Power
President and Chief Executive Officer
For further information, please contact:
Athena Gold Corporation
John C. Power, President and CEO
Phone: (707) 291-6198
Email: [email protected]
CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 x 251
Email: [email protected]
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 U .S. 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 w ill 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 as a
result of various risk factors as disclosed in the final long form prospectus of the Company dated August 31, 2021.
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.