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Athena Gold Set To Begin Drilling At Excelsior Springs Next Month

Athena Gold Set To Begin Drilling At Excelsior Springs Next Month

Jay Lutz

Monday, May 15 2023, 08:56:38:AM

FULL DISCLOSURE: This is sponsored content for Athena Gold.

Athena Gold (CSE: ATHA) this morning revealed its exploration plans for 2023, as it continues to focus on its recently expanded flagship Excelsior Springs Project in Nevada.

The company is looking to begin a drill program next month at the Excelsior Springs project. The program is set to consist of up to 1,500 metres in aggregate of drilling as the firm continues to delineate newly discovered shallow high-grade gold at the Western Slope zone. Drilling is to consist of 30 metre step-outs along strike to both the east and west, which will follow-up on two drill programs conducted in 2022.

"Our 2023 Program is intended to better delineate and expand known mineralization along strike at the Western Slope zone and further substantiate the Project as a regional-scale, intrusion-related, gold-bearing, hydrothermal system," commented CEO John Power.

Last year, the company in hole DB-23 intersected 5.15 g/t gold and 8.9 g/t silver over 33.5 metres, which was considered the discovery hole for the Western Slope zone. Additional subsequent intersects meanwhile saw DH-22-01 hit 6.05 g/t gold and 17.4 g/t silver over 27.4 metres from just 39.5 metres depth, and hole DH 22-02 hit 4.49 g/t gold and 27.3 g/t silver over 15.2 metres, starting at a depth of 41.1 metres.

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The Western Slope zone remains untested to the east, west, and at depth. The current drill program will focus on identifying the continuity along strike and dip. Athena will also look to test a target 300 metres east-south-east of the Western Slope zone, which had historical intercepts of 1.09 g/t gold and 0.54 g/t silver over 24.3 metres, from a depth of just 9.1 metres.

A follow-up drill program is being contemplated for later in 2023, dependent on the success seen under the current program.

Athena Gold last traded at $0.07 on the CSE.


FULL DISCLOSURE: Athena Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. 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.

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