other material
confidence high
sentiment positive
materiality 0.65
Athena Gold finalizes purchase of two patented claims, plans Phase 2 drill at Excelsior Springs
ATHENA GOLD CORP
- Acquired 100% interest in Fortunatus and Prout lode claims (Esmeralda County, NV); terms from June 9 press release unchanged.
- Discovery hole DB-23: 110 ft intercept of 5.15 Au g/t & 8.9 Ag g/t; narrower high-grade intervals up to 15.3 Au g/t over 35 ft.
- Phase 2 drill program planned to test strike extensions of DB-23 (untested up to 1,000 ft east, 450 ft west).
- Closed first tranche of non-brokered private placement: 3.81M units at CAD $0.08/unit for gross proceeds of CAD $304,800.
- Each unit has one common share and one warrant (CAD $0.12, 24-month term); proceeds for exploration and working capital.