Significant Expansion of Landholding at Athena's Excelsior Gold-Silver Project

Athena Gold Corporation has announced a substantial increase in its landholding at the Excelsior Springs Project in Nevada, under the management of Mammoth Minerals Limited. The newly expanded area is 340% larger, spanning 83.6 km², and was acquired through direct staking.

The area contains multiple historical mineral occurrences, including gold, tungsten, and copper, as per the US Geological Survey's MRDS database. Noteworthy sites include Old Buster, Kentucky, and Lidia Queen Mines, each with historical production records.

The recent expansion will incorporate the newly staked ground into Athena's ongoing joint venture with Mammoth upon fulfilling certain conditions. This arrangement allows Athena to retain a 20% interest and a 1% royalty without additional immediate costs.

Survey efforts include heli-supported magnetics and LiDAR mapping to evaluate the area's mineral potential further. Results are expected soon.