Athena Gold Corp Stock Price, News & Analysis

Athena Gold Corporation has successfully completed a non-brokered private placement, raising a total of CAD $1,015,000 through the issuance of 14,500,000 units at CAD $0.07 per Unit. Each Unit comprises one common share and one warrant, with the latter exercisable at CAD $0.10 for two years. The funds will support the 2023 drill program at Athena's Excelsior Springs property in Nevada, known for recent drill results indicating high-grade gold mineralization. Notably, insiders participated significantly, purchasing 7,221,142 units. The company notes that all securities are subject to a hold period and are not registered under U.S. securities laws. Athena aims to advance its mineral exploration projects while navigating the inherent risks associated with mining activities.

Athena Gold Corporation (OTCQB:AHNR) has expanded its Excelsior Springs property by adding 1,000 acres through 51 new BLM claims, increasing its total land package to over 4,000 acres. The company reported significant drill results, including 10.02 Au G/T over 10.7 meters. The new claims will support exploration targets and potential mineralization near the Southwest IP Anomaly. Recent exploration in the Western Slope Zone indicates promising potential for bulk mineable gold deposits. Athena aims for further exploration to identify additional mineralized zones.

Athena Gold Corporation (OTCQB:AHNR) announced significant assay results from its Fall 2022 drill program at the Excelsior Springs Project in Nevada. The program comprised nine drill holes totaling 800 meters. Key findings include:

• DH 22-01 yielded the thickest high-grade gold interval to date with 6.05 g/t Au over 27.4 meters.
• DH 22-02 confirmed extensions of mineralization.

The newly identified Western Slope Zone shows potential for further gold mineralization, with plans for additional drilling in 2023.

Athena Gold Corporation (OTCQB: AHNR) announced an expansion of its Fall 2022 reverse circulation drill program from six to nine holes at the Excelsior Springs Project in Nevada, increasing total footage to 2,700 feet (820 meters). This initiative aims to further define the mineralization identified in a historic drill hole (DB-23), which reported 110 feet of 5.2 g/t Au. The drilling is expected to provide critical insights into the project's mineral potential, with assay results anticipated in Q1 2023.

Athena Gold Corporation (AHNR) has initiated its fall 2022 reverse circulation drill program at the Excelsior Springs Project, aiming for 2,000 feet of drilling across six holes. The Bureau of Land Management has approved the necessary permits. The first three holes will focus on the mineralized zone surrounding the successful discovery hole DB-23, which reported 110 feet of 5.2 g/t Au and 8.9 g/t Ag. Remaining holes will test other high-priority targets, with significant historical intercepts expected to guide future exploration.

Athena Gold Corporation (OTCQB:AHNR) has announced the upsizing of its non-brokered private placement offering to 8,125,000 units at CAD $0.08 each, aiming for total proceeds of CAD $650,000. Each unit comprises one common share and a purchase warrant priced at CAD $0.12, valid for 24 months. Following this, the second tranche closed with 1,737,500 units, raising CAD $139,000, to be used for project exploration and working capital. All units are subject to resale restrictions under U.S. securities laws.