Excelsior Springs Expands With Staking Of 51 New Claims

VACAVILLE, CA - Athena Gold Corporation reported the addition of 1,000 acres (405 Hectares) to its property at Excelsior Springs by staking 51 new BLM claims bringing its total land package to 200 BLM lode claims covering over 4,000 acres (1,619 Hectares).

"We are excited to announce having secured an additional 1,000 acres (405 hectares) of key Lode Claims at Excelsior Springs. 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,” said John Power, President. “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.”

A shallow IP survey on the property shows a chargeability anomaly that extends beyond the boundary of the survey to the southwest with increased chargeability going under the South Ridge Thrust Fault ("SRTF") and is a target for a concentration of sulfides at depth and needs to be drill-tested. Of the new lode claims, 19 claims were located along our southern claim block border to provide protection over this important exploration target. An additional 32 new lode claims (640+/- acres) were located east and southeast of our existing claim blocks in The Palmetto Mountain Trend which has been a key focus on a regional scale in this area of the Walker Lane Trend for over 150 years.