Athena Gold (AHNRF) Stock News

Athena Gold (OTCQB:AHNRF) announced on October 7, 2025 that diamond drilling has commenced at the 100%‑owned Excelsior Springs project in Nevada.

The program is fully funded by Mammoth Minerals (ASX:M79) under an option to earn an 80% interest over five years; Athena retains a free‑carry to a Definitive Feasibility Study. Athena currently holds 32,000,000 Mammoth shares valued at ~AUD $5,120,000. The campaign is the first diamond drilling at Excelsior and will collect metallurgical and geotechnical core and test structural controls over historical high‑grade mineralization, following notable previous intercepts (examples: 51.8m @ 4.00 g/t Au, 33.5m @ 5.35 g/t Au). QA/QC and a Qualified Person review are reported; historical records remain unverified and require follow‑up.

Athena Gold Corporation (OTCQB:AHNRF) has announced its participation in the upcoming Munich Mining Conference, scheduled for October 3rd and 4th, 2025. The conference will feature 109 companies and has registered over 1,000 individual investors.

Investors can meet Koby Kushner, President & CEO of Athena Gold, at booth #66. The conference aims to facilitate discussions about the latest developments in mining and commodity markets. Free registration is available for investors interested in attending the event.

Athena Gold Corporation (OTCQB:AHNRF) has identified six promising geophysical targets (G1-G6) at its Laird Lake gold project in Ontario's Red Lake Gold District. The targets were discovered through analysis of a 2017 SkyTEM electromagnetic survey, with the G1 anomaly showing surface gold values up to 0.7 g/t Au and the G6 anomaly previously yielding anomalous gold values in drilling.

The company has mobilized a field crew to investigate these targets, along with recently announced geochemical till anomalies. The 7,457-hectare project is strategically located 10 km west of the Madsen mine and spans over 20 km of the critical Balmer-Confederation Assemblage contact, which hosts over 90% of Red Lake's historical gold production. Athena plans to conduct its maiden drilling campaign this winter.

Athena Gold (OTCQB:AHNRF) has announced significant discoveries from its 2025 summer till program at the Laird Lake gold project in Ontario's Red Lake Gold District. The company has identified four distinct gold anomaly zones - Nemo, Bounty, Hugo, and Chungus - with lengths ranging from 200 to 3,000 metres. Three of these zones represent entirely new discoveries.

The company has expanded its land position by 2,302 hectares, bringing the total project area to 7,457 hectares. The discoveries feature Au-Ag-As-Bi-W geochemical signatures characteristic of major Red Lake district deposits. The Bounty anomaly is particularly notable, being proximal to a previously reported 373 g/t Au surface grab sample.

The program included 1,899 till samples collected through systematic sampling, with minimal overburden and road accessibility facilitating future exploration. Athena plans to conduct a maiden drilling campaign this winter following additional field prospecting to ground-truth these anomalies.

Athena Gold (OTCQB:AHNRF) has announced that Mammoth Minerals (ASX:M79) has exercised its option to earn an 80% interest in the Excelsior Springs project in Nevada. As compensation, Athena received AUD$200,000 in cash and 32 million Mammoth shares valued at AUD$3.2 million.

Under the agreement, Mammoth must invest USD$5 million in exploration over five years to earn its stake. Athena retains a 20% free-carried interest until completion of a Definitive Feasibility Study and a 1% net smelter return royalty on certain claims. Separately, Athena has terminated its Memorandum of Understanding regarding the Crow Springs project in Nevada.

Athena Gold Corporation (OTCQB:AHNRF) has made its annual option payment for the Laird Lake gold project in Red Lake, Ontario. The payment consists of 500,000 common shares at $0.05 per share and a $25,000 cash payment to Bounty Gold Corp.

The company has the option to acquire 100% interest in the project through payments totaling $1.2 million over five years. Future payments include annual $50,000 installments from 2026-2028, with a final payment of $1-1.75 million in 2029, depending on the cash-to-shares ratio chosen.

Additionally, Athena Gold will settle a $49,050 debt through the issuance of 981,000 common shares at $0.05 per share to an arm's length creditor for unpaid consulting services.

Athena Gold (OTCQB:AHNRF) has announced significant expansions of two key projects. The company's Laird Lake gold project in Ontario's Red Lake Gold District has grown by 24% through the acquisition of 995 additional hectares, bringing the total to 5,155 hectares. The project is strategically located near major gold mines and spans over 10 km of the prospective Balmer-Confederation Assemblage contact.

Additionally, Athena's Excelsior Springs project in Nevada has expanded by over 50% to 2,500 hectares through the staking of 115 unpatented mining claims. Partner Firetail Resources has identified a 5+ km fluid conduit for gold within the Buster Trend and plans to commence diamond drilling in Q3 2025.

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 (AHNRF) has entered into a property option agreement with Firetail Resources Limited, granting Firetail the right to acquire an 80% interest in the Excelsior Springs Project in Nevada. Under the agreement, Firetail will pay AUD$200,000 in cash, issue 32 million ordinary shares, and invest USD$5 million in exploration over five years. Athena Gold will retain a 1% net smelter return royalty and a 20% free-carried interest until a Definitive Feasibility Study is completed. The deal's total value, when normalized to 100%, approaches Athena's current market cap. Additionally, Athena has begun mobilization for its till program at the Laird Lake project in Red Lake, Ontario, which will become the company's new flagship project following the Excelsior monetization.