The Excelsior Springs project has grown in size. The project, which is the flagship property of Athena Gold (CSE: ATHA) has been expanded following the staking of 51 additional Bureau of Land Management claims in Nevada.
The additional claims have added 1,000 acres to the project, bringing the projects size to a total of 4,000 acres across 200 BLM lode claims. The claims were staked to the south and east of the project, covering what the company refers to as the Southwest IP anomaly.
“Athena’s recent exploration success in the Western Slope Zone proves the potential at the Excelsior Springs project. The new claims and exploration targets support our goal of developing a bulk mineable intrusive hosted gold deposit,” said CEO John Powers.
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The IP survey conducted by the company is reported to have shown a chargeability anomaly that extended to the southwest, beyond the boundary of the survey. As a result, the company staked 19 claims in this region to “provide protection over this important target,” with that region being a target for a concentration of sulfides at depth that requires drill-testing.
32 of the lode claims meanwhile are found to the east and the southeast, within the Palmetto Mountain Trend. The region is said to be a regional scale key focus of the Walker Lane trend over the past century and a half.
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“Our discovery at Western Slope, where we drilled three high-grade oxide gold holes near surface with multiple intercepts including 10.02 Au G/T over 10.7 meter opens the potential for continued mineralization to be found. We staked new claims to the south and east, including coverage of the Southwest IP Anomaly,” continued Power.
Athena Gold last traded at $0.08 on the CSE.
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