FULL DISCLOSURE: This is sponsored content for Athena Gold.
Athena Gold (CSE: ATHA) has begun the 2023 drill season at its flagship Excelsior Springs Project in Nevada. Labelled as a spring program, the company intends to conduct up to 1,500 metres of drilling.
Drilling is set to target shallow high-grade oxide gold within the Western Slope Zone. The current plan calls for 30 metre incremental step-outs to be conducted to the east and west along strike.
The results are to build on the 2022 discovery, where hole DB-23 intersected 33.5 metres of 5.15 g/t gold and 8.9 g/t silver. Follow-on drilling conducted last year meanwhile resulted in DH22-01 hitting 6.05 g/t gold and 17.4 g/t silver over 27.4 metres and DH22-02 hitting 4.49 g/t gold and 27.3 g/t silver over 15.2 metres. Mineralization was intersected at shallow depths, starting just 30 metres below surface in the case of DB-23.
“Management is excited to see the drills turning at Excelsior Springs. We believe this program is a potential inflection point for the company and we will keep the market updated as we continue to delineate the newest shallow high-grade oxide gold discovery in the Walker Lane trend,” commented CEO John Power
Additional drilling is slated to take place later this year after Athena studies the results from the first drill program. The size of the program is subject to adjustment based on the success seen by the company.
Athena Gold last traded at $0.08 on the CSE.
FULL DISCLOSURE: Athena Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Athena Gold. The author has been compensated to cover Athena Gold Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
