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Athena Gold Completes Till Survey At Laird Lake Project In Ontario's Red Lake Gold Camp

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Athena Gold (OTCQB:AHNRF) has completed a comprehensive till survey at its Laird Lake gold project in Ontario's Red Lake Gold District. The survey collected 2,048 till and QAQC samples across the 4,158-hectare property, using grid spacings of 100m x 100m within key assemblages and 200m x 200m in surrounding areas.

The project is strategically located 10 km west of West Red Lake Gold Mines' Madsen Mine and 34 km northwest of Kinross Gold's Great Bear project. The company expects assay results in late summer 2025, which will guide their planned winter drilling program. The survey aims to identify gold-in-till anomalies and refine high-priority drill targets.

Athena Gold (OTCQB:AHNRF) ha completato un'esaustiva indagine sul till presso il suo progetto aurifero Laird Lake nel distretto aurifero di Red Lake, Ontario. L'indagine ha raccolto 2.048 campioni di till e QAQC su una proprietà di 4.158 ettari, utilizzando una griglia con spaziature di 100m x 100m nelle aree chiave e 200m x 200m nelle zone circostanti.

Il progetto è strategicamente posizionato a 10 km a ovest della miniera Madsen di West Red Lake Gold Mines e a 34 km a nord-ovest del progetto Great Bear di Kinross Gold. L'azienda prevede di ricevere i risultati delle analisi entro la fine dell'estate 2025, che guideranno il programma di perforazione previsto per l'inverno. L'indagine mira a individuare anomalie di oro nel till e a perfezionare i bersagli di perforazione prioritari.

Athena Gold (OTCQB:AHNRF) ha completado un estudio exhaustivo de till en su proyecto aurífero Laird Lake en el Distrito de Oro de Red Lake, Ontario. El estudio recolectó 2,048 muestras de till y QAQC en toda la propiedad de 4,158 hectáreas, utilizando una cuadrícula con espacios de 100m x 100m en los conjuntos clave y 200m x 200m en las áreas circundantes.

El proyecto está estratégicamente ubicado a 10 km al oeste de la mina Madsen de West Red Lake Gold Mines y a 34 km al noroeste del proyecto Great Bear de Kinross Gold. La compañía espera recibir los resultados de los análisis a finales del verano de 2025, que guiarán su programa de perforación planeado para el invierno. El estudio tiene como objetivo identificar anomalías de oro en el till y refinar los objetivos prioritarios de perforación.

Athena Gold (OTCQB:AHNRF)는 온타리오 레드 레이크 금광 지구에 위치한 Laird Lake 금 프로젝트에서 포괄적인 틸 조사 작업을 완료했습니다. 이 조사는 4,158헥타르 부지 전역에 걸쳐 2,048개의 틸 및 QAQC 샘플을 수집했으며, 주요 지역에서는 100m x 100m, 주변 지역에서는 200m x 200m 격자 간격을 사용했습니다.

이 프로젝트는 West Red Lake Gold Mines의 Madsen 광산에서 서쪽으로 10km, Kinross Gold의 Great Bear 프로젝트에서 북서쪽으로 34km 떨어진 전략적 위치에 있습니다. 회사는 2025년 늦여름에 분석 결과를 받을 것으로 예상하며, 이를 바탕으로 겨울 시추 프로그램을 계획할 예정입니다. 이번 조사의 목적은 틸 내 금 이상 징후를 식별하고 우선 순위가 높은 시추 목표를 정밀화하는 것입니다.

Athena Gold (OTCQB:AHNRF) a achevé une enquête complète sur le till dans son projet aurifère Laird Lake situé dans le district aurifère de Red Lake en Ontario. L'enquête a permis de collecter 2 048 échantillons de till et QAQC sur la propriété de 4 158 hectares, en utilisant une grille espacée de 100m x 100m dans les assemblages clés et de 200m x 200m dans les zones environnantes.

Le projet est stratégiquement situé à 10 km à l'ouest de la mine Madsen de West Red Lake Gold Mines et à 34 km au nord-ouest du projet Great Bear de Kinross Gold. La société s'attend à recevoir les résultats des analyses à la fin de l'été 2025, qui orienteront leur programme de forage prévu pour l'hiver. L'enquête vise à identifier les anomalies d'or dans le till et à affiner les cibles de forage prioritaires.

Athena Gold (OTCQB:AHNRF) hat eine umfassende Till-Untersuchung auf seinem Laird Lake Goldprojekt im Red Lake Gold District in Ontario abgeschlossen. Die Untersuchung umfasste die Sammlung von 2.048 Till- und QAQC-Proben auf dem 4.158 Hektar großen Grundstück, wobei in den wichtigsten Bereichen ein Rasterabstand von 100m x 100m und in den umliegenden Gebieten von 200m x 200m verwendet wurde.

Das Projekt liegt strategisch günstig 10 km westlich der Madsen-Mine von West Red Lake Gold Mines und 34 km nordwestlich des Great Bear-Projekts von Kinross Gold. Das Unternehmen erwartet die Ergebnisse der Analysen im Spätsommer 2025, die das geplante Winter-Bohrprogramm leiten werden. Die Untersuchung zielt darauf ab, Gold-in-Till-Anomalien zu identifizieren und hochprioritäre Bohrziele zu verfeinern.

Positive
  • Strategic location near major gold mines in the prolific Red Lake Gold District
  • Extensive 4,158-hectare property with 10 km of key geological contact
  • Survey completed ahead of schedule, demonstrating operational efficiency
  • Road-accessible property with existing dataset including LiDAR and detailed mapping
Negative
  • Property remains underexplored with no drilling completed yet
  • Results from till survey not expected until late summer 2025

WHITE ROCK, BC / ACCESS Newswire / July 14, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) ("Athena Gold" or the "Company") is pleased to announce the successful completion of its comprehensive till survey at its Laird Lake gold project, located in Ontario's prolific Red Lake Gold District. The survey, completed ahead of schedule, marks a significant milestone in advancing the Company's exploration strategy on this highly prospective 4,158-hectare property, which spans over 10 km of the Balmer-Confederation Assemblage contact.

The till survey, initiated in May 2025, involved the collection of 2,048 till and QAQC samples across the Laird Lake project, utilizing 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 (Figure 1). The program employed the same sampling methodology as West Red Lake Gold's successful till survey at the nearby Madsen Mine, which confirmed existing mineralization and outlined new zones (see West Red Lake Gold press release, January 29, 2025). The survey is designed to identify gold-in-till anomalies and refine high-priority drill targets, leveraging Athena Gold's existing dataset, including LiDAR, detailed mapping, magnetics, and electromagnetic surveys.

"We are thrilled to have completed the till survey at Laird Lake ahead of schedule, a testament to the efficiency and expertise of our exploration team and our partners at Bayside Geoscience," said Koby Kushner, President and CEO of Athena Gold. "The data from this survey is expected to significantly enhance our understanding of the project's potential and guide our upcoming drilling campaign, which we hope to initiate this winter."

Figure 1: Map of Laird Lake project, showing till sample locations.

The Laird Lake project, situated approximately 10 km west of West Red Lake Gold Mines' flagship Madsen Mine and approximately 34 km northwest of Kinross Gold's Great Bear project, is road-accessible and remains underexplored. The Company's exploration crew remains on-site, with ongoing prospecting to further delineate high-priority targets. Athena anticipates receiving assay results from the till survey in late summer 2025, which will inform follow-up fieldwork and help define drill targets for a planned winter drilling program. The Company's systematic, data-driven approach aims to de-risk its maiden drill program at Laird Lake, maximizing the potential for a significant gold discovery in this world-class gold camp.

Qualified Person

Technical information in this news release 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 4,000 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 1,500 hectares and covers at least three historic mines.

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
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.

SOURCE: Athena Gold Corp



View the original press release on ACCESS Newswire

FAQ

What is the size and location of Athena Gold's Laird Lake project?

The Laird Lake project is a 4,158-hectare property located in Ontario's Red Lake Gold District, approximately 10 km west of the Madsen Mine and 34 km northwest of the Great Bear project.

How many samples were collected in AHNRF's till survey at Laird Lake?

The till survey collected 2,048 till and QAQC samples using grid spacings of 100m x 100m within key assemblages and 200m x 200m in surrounding areas.

When will Athena Gold receive the Laird Lake till survey results?

Athena Gold expects to receive the till survey assay results in late summer 2025.

What are Athena Gold's next steps for the Laird Lake project?

Athena Gold plans to use the till survey results to inform follow-up fieldwork and define targets for a planned winter drilling program.

Who is the qualified person reviewing Athena Gold's technical information?

Benjamin Kuzmich, P.Geo. is the qualified person who has reviewed and approved the technical information as per National Instrument 43-101.
Athena Gold Corp

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