HIGH-GRADE SILVER, GOLD, COPPER, AND ANTIMONY REPORTED FROM EXCELSIOR PROJECT, NEVADA Sampling extends the high-grade polymetallic Blue Dick Trend to ~3km strike
HIGH-GRADE SILVER, GOLD, COPPER, AND ANTIMONY REPORTED FROM EXCELSIOR
PROJECT, NEVADA
Sampling extends the high-grade polymetallic Blue Dick Trend to ~3km strike
White Rock, BC --- Accesswire --- 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 (ASX: 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.
Figure 1: Sampling highlights from latest sampling campaign conducted by Mammoth across the Blue Dick Trend,
Excelsior Springs (source: Mammoth Minerals Limited).
QUALIFIED PERSONS STATEMENT
The technical information presented in this news release has been reviewed and approved by
Benjamin Kuzmich, P.Geo., Vice President of Exploration for Athena Gold Corporation, and the
Qualified Person for exploration at the Excelsior Springs Project, as defined by NI 43-101 “Standards
of Disclosure for Mineral Projects”. Readers are cautioned that historical records referred to in this
press release have been examined but not verified by a Qualified Person. Further work is required to
verify that historical records referred to in this press release are accurate. Information contained in
this press release was taken from Mammoth Minerals Limited’s recent press release dated November
7, 2025.
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 7,000
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 project is located in the prolific Walker
Lane Trend in Nevada, where it is currently under an earn-in option with Mammoth Minerals Limited
(formerly, Firetail Resources Limited) . Excelsior Springs spans over 2,500 hectares and covers at
least three historic mines. Athena also holds 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: [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 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 th e 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.