Objective is to Refine 2024 Drill Targets
RENO, NV / ACCESSWIRE / December 12, 2023 / Athena Gold Corporation (OTCQB:AHNR)(CSE:ATHA) ("Athena" or the "Company") is pleased to announce it has contracted with Zonge International, Inc. to perform an IP/Resistivity (the "Survey") at its 100% owned Crow Springs Project ("Project") located approximately 21 miles northwest of Tonopah, Nevada.
The Crow Springs Project was internally generated, and Athena staked 10 unpatented claims with the BLM in 2022 and leased an additional key claim CS-124 at that time. The CS-124 claim is strategically positioned based on mapped surface potassic alteration, geochemistry, and past drilling. Reference Athena Press Release dated May 26, 2022. Additional claims were staked in 2023 and the project now comprises 31 unpatented claims.
The project is in west central Nevada within the Walker Lane structural belt and is a porphyry Cu- Mo-Au system with the size potential to develop a world class resource. Porphyry-related alteration, geochemistry, magnetics, and past drilling indicate a porphyry system of over 4.5 square miles in surface area.
Porphyry copper mineralization at Crow Springs District is related to strong potassic alteration that is locally developed in coarse quartz monzonite porphyry and aplitic-textured monzonite. Surface rock geochemistry indicates that moderate to strong Cu-Mo-Au mineralization is exposed at shallow levels and is amenable to reverse circulation drilling to depths of less than 1,500 feet.
A district-scale airborne magnetics radiometric survey was flown in 2021 (see Figure 1) and indicates that classic porphyry potassic alteration is associated with an untested magnetic anomaly controlled by Athena. The untested magnetic anomaly indicates a possible porphyry copper-gold target of significant size. The planned IP-Resistivity survey is designed to further refine and delineate Cu-Mo-Au drill targets within or adjacent to the magnetic anomaly.
Athena holds claims over one of the two major magnetic highs thought to be related to potassium feldspar-magnetite-Cu-Mo-Au mineral potential. The other magnetic high is controlled by EMX Royalty Corp ("EMX"), which holds 132 claims in the Crow Springs district.
Figure 1. Map depicting prior Magnetic survey over Athena claim blocks together with proposed IP lines.
John Power, Athena's President & CEO commented, "We remain focused on our flagship Excelsior Springs Gold Project but are excited to advance our porphyry copper molybdenum gold target in a Tier One jurisdiction to diversify our portfolio and build accretive value for our shareholders. Nevada has had numerous recent success stories whereby modern exploration techniques have been applied at historic mining districts. A favorable IP survey will confirm our 2024 drill targets."
"The Crow Springs District has been known as a top tier concealed porphyry target since the early exploration by Homestake Mining in the early 1960s but has received only minimal modern exploration and as such the potential for discovery of copper-molybdenum mineralization is high and we look forward to the advancement of our project and the entire Crow Springs District," added Power.
Details of Proposed IP Survey
Zonge International will acquire IP/Resistivity data on the Crow Springs survey on the two lines specified by Athena as depicted on Figure 1.. The IP/Resistivity data will be acquired using a dipole-length of 200 meters, in the 9- spread dipole-dipole configuration, providing continuous coverage from n=1 to n=7. The survey is designed to penetrate a target depth of 1,200 feet or more to determine the possibility of a porphyry target at depth.
Crow Springs History and Location
Crow Springs, a porphyry Cu-Mo-Au in quartz monzonite porphyry stock is located along the eastern margin of the Tertiary Walker Lane structural province in the southern Royston Hills, northern Esmeralda Co., Nevada.
Wide-spaced core drilling by Homestake in 1963 indicates pervasive propylitic alteration (clay-pyrite-carbonate) surrounding magnetic high centers of potassic alteration that have not been drill tested.
Figure 2. An outcrop of leached quartz stockwork breccia rock recently collected provides compelling evidence of a potentially mineralized porphyry system at depth. This rock sample was collected just north of the proposed south IP line and overlies the magnetic high anomaly.
Figure 3. Locations of porphyry copper and related occurrences in Nevada of Late Triassic to Early Cretaceous age. (Source: Porphyry Copper and Related Occurrences in Nevada - NBMG Wendt & Albino 1991)
In addition, fifteen miles east-northeast of Crow Springs, lies the Hall Molybdenum Mine, which formerly produced 53 million pounds of Mo. It is a porphyry Mo-Cu deposit hosted in 69 million years old quartz monzonite that has been intruded by a granite porphyry.
Allegiant Gold's Eastside project, which hosts a large and open resource of 1.4 million ounces of gold with excellent potential for expansion of that resource lies within 3 miles to the west.
Qualified Person
John Hiner, SME Registered Member and Washington State Licensed Geologist is a qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis of this press release and has approved the disclosure herein. Mr. Hiner is not independent of the Company.
About Athena Gold Corporation
Athena is engaged in the business of exploring its flagship Excelsior Springs Project and the acquisition of additional mineral properties of merit.
For further information about Athena Gold Corporation and our Excelsior Springs Gold Project, please visit .
On Behalf of the Board of Directors
John Power
Chief Executive Officer and President
Contact:
Phone: John Power
1 (707)-291-6198
Email: info@athenagoldcorp.com
Jason Libenson
President and CCO
Castlewood Capital Corporation
1 (647)-534-9884
Email: jason@castlewoodcapital.ca
Cautionary Statement to U.S. Investors
This press release references NI 43-101, which differs from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.
The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Pursuant to SEC Industry Guide 7 under the United States Securities Act of 1933, as amended, a "final" or "bankable" feasibility study is required to report reserves. Currently Athena has not delineated "reserves" on any of its properties. Athena cannot be certain that any deposits at its properties will ever be confirmed or converted into SEC Industry Guide 7 or any successor rule or regulation compliant "reserves". Investors are cautioned not to assume that any part or all the historic Buster Mine or Western Slope gold zones will ever be confirmed or converted into reserves or that it can be economically or legally extracted.
The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934, as amended. These amendments became effective February 25, 2019, with compliance required for the first fiscal year beginning on or after January 1, 2021, and historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which was rescinded from and after such date and replaced with disclosure requirements known as S-K 1300.
Forward Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future exploration plans and the completion of a phase 2 drill program at the Project, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, QAQC procedures at the Project were followed, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including of the Canadian Securities Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and other factors and risks that are discussed in the Company's periodic filings with the SEC and disclosed in the final long form prospectus of the Company dated August 31, 2021.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise.
SOURCE: Athena Gold Corporation
View the original press release on accesswire.com
目标是完善 2024 年的钻探目标
内华达州里诺/ACCESSWIRE/2023年12月12日/雅典娜黄金公司(OTCQB: AHNR)(CSE: ATHA)(“雅典娜” 或 “公司”)欣然宣布,它已与Zonge International, Inc.签订合同,在其全资拥有的位于内华达州托诺帕西北约21英里处的Springs Crow项目(“项目”)进行IP/电阻率(“调查”)。
Crow Springs 项目是内部生成的,雅典娜在 2022 年向 BLM 提出了 10 项未获得专利的索赔,并在当时租用了一份额外的关键索赔 CS-124。CS-124 索赔是根据绘制的地表钾蚀变、地球化学和过去的钻探情况进行战略定位的。参考2022年5月26日雅典娜新闻稿。2023年又提出了其他索赔,该项目现在包括31项未获得专利的索赔。
该项目位于内华达州中西部的沃克巷结构带内,是一个斑岩铜钼金系统,具有开发世界级资源的规模潜力。与斑岩相关的变化、地球化学、磁学和过去的钻探表明,斑岩系统的表面积超过4.5平方英里。
Crow Springs District 的斑岩铜矿化与强烈的钾蚀变有关,钾蚀变是在当地出现的粗石英蒙脱石斑岩和多层纹理的蒙脱石中。地表岩石地球化学表明,中度至强度的 Cu-Mo-Au 矿化暴露在浅层,适合在深度小于 1,500 英尺的反循环钻探。
2021 年进行了一项区域规模的机载磁学辐射测量(见图 1),结果表明,典型的斑岩钾变化与雅典娜控制的未经测试的磁异常有关。未经测试的磁异常表明,可能存在大小相当大的斑岩铜金目标。计划中的 IP 电阻率调查旨在进一步完善和划定磁异常内部或附近的 Cu-Mo-Au 钻探目标。
雅典娜对被认为与钾长石-磁铁矿-铜钼-金矿产潜力有关的两个主要磁高点之一拥有主张。另一个磁性高点由EMX Royalty Corp(“EMX”)控制,该公司在克劳斯普林斯地区持有132份索赔。
图 1。该地图描绘了先前对雅典娜索赔区块进行磁力勘测的地图以及提议的 IP 线路。
雅典娜总裁兼首席执行官约翰·鲍尔评论说:”我们仍然专注于旗舰Excelsior Springs黄金项目,但很高兴能在一级司法管辖区推进我们的斑岩铜钼金目标,以分散我们的投资组合,为股东创造增值价值。内华达州最近有许多成功案例,这些案例将现代勘探技术应用于历史悠久的采矿区。一项有利的知识产权调查将证实我们2024年的钻探目标。”
“自从Homestake Mining在20世纪60年代初进行早期勘探以来,克劳斯普林斯区一直被称为顶级隐蔽斑岩目标,但仅接受了极少的现代勘探,因此发现铜钼矿化的潜力很大,我们期待着我们的项目和整个Crow Springs区的发展,” Power 补充说。
提议的知识产权调查详情
Zonge International 将在雅典娜指定的两条线路上采集 Crow Springs 调查的 IP/电阻率数据,如图 1 所示。IP/电阻率数据将采用 200 米的偶极长度采集,采用 9 扩散偶极偶极子配置,提供从 n=1 到 n=7 的连续覆盖。该调查旨在穿透 1,200 英尺或以上的目标深度,以确定在深度出现斑岩目标的可能性。
克劳斯普林斯的历史和位置
Crow Springs 是石英二长岩斑岩中的斑岩 Cu-Mo-Au,位于内华达州埃斯梅拉达公司北部罗伊斯顿山南部的第三纪沃克巷结构省的东缘。
Homestake在1963年进行的宽间距岩心钻探表明,在未经钻探测试的钾蚀变磁高中心周围存在普遍的丙裂体蚀变(粘土黄铁矿-碳酸盐)。
图 2。最近收集的浸出石英块状角砾岩的露出提供了令人信服的证据,表明深处存在潜在的矿化斑岩系统。该岩石样本是在拟建的南IP线以北采集的,位于高磁异常上方。
图 3。三叠纪晚期至白垩纪早期内华达州斑岩铜的位置及相关矿点。(资料来源:内华达州的斑岩铜矿及相关事件——NBMG Wendt & Albino 1991)
此外,十五 霍尔钼矿位于克劳斯普林斯东北偏东北数英里处,该矿以前生产了 5,300 万磅的钼。它是一个斑岩钼铜矿床,储存在有6900万年历史的石英单石中,曾被花岗岩斑岩侵入。
Allegiant Gold的东区项目位于向西不到3英里处,该项目拥有140万盎司的大量开放黄金资源,具有极大的扩张潜力。
合格人员
中小企业注册会员兼华盛顿州持牌地质学家约翰·海纳是NI 43-101所定义的合格人士,他已经审查了构成本新闻稿基础的科学和技术信息,并批准了此处的披露。Hiner 先生并非独立于公司。
关于雅典娜黄金公司
雅典娜从事勘探其旗舰埃克西尔温泉项目和收购其他有价值的矿产的业务。
有关雅典娜黄金公司和我们的 Excelsior Springs 黄金项目的更多信息,请访问。
代表董事会
约翰·鲍尔
首席执行官兼总裁
联系人:
电话:John Power
1 (707) -291-6198
电子邮件:info@athenagoldcorp.com
杰森·利本森
总裁兼首席运营官
卡斯尔伍德资本公司
1 (647) -534-9884
电子邮件:jason@castlewoodcapital.ca
致美国投资者的警示声明
本新闻稿引用了NI 43-101,这与美国证券法的要求不同。NI 43-101是由加拿大证券管理局制定的一项规则,它为发行人公开披露有关矿业项目的科学和技术信息制定了标准。
美国证券交易委员会(“SEC”)允许矿业公司在向美国证券交易委员会提交的文件中仅披露公司可以合法开采或生产的矿床。根据经修订的1933年《美国证券法》下的美国证券交易委员会行业指南7,报告储备金需要进行 “最终” 或 “银行可担保” 的可行性研究。目前,雅典娜尚未划定其任何财产的 “储量”。雅典娜无法确定其物业中的任何存款是否会被确认或转换为美国证券交易委员会行业指南7或任何符合后续规则或法规的 “储备”。提醒投资者,不要假设历史悠久的巴斯特矿或西坡金矿区的任何部分或全部都会得到确认或转换为储量,也不要假设可以经济或合法地开采这些金矿区。
美国证券交易委员会通过了披露规则修正案,以更新根据经修订的1934年《美国证券交易法》向美国证券交易委员会注册证券的发行人的矿产财产披露要求。这些修正案于2019年2月25日生效,自2021年1月1日或之后开始的第一个财政年度都必须遵守这些修正案,而美国证券交易委员会行业指南7中包含的矿业注册人的历史财产披露要求,该指南自该日起和之后被撤销,取而代之的是名为S-K 1300 的披露要求。
前瞻性陈述
本新闻稿包含适用的加拿大和美国证券法所指的前瞻性陈述和前瞻性信息(统称为 “前瞻性陈述”)。除历史事实陈述外,此处包含的所有陈述,包括但不限于有关该项目未来勘探计划和第二阶段钻探计划的完成、未来的勘探结果以及公司未来活动的预期业务计划和时间安排的陈述,均为前瞻性陈述。尽管该公司认为此类陈述是合理的,但它无法保证此类预期会被证明是正确的。前瞻性陈述通常用诸如 “相信”、“将”、“期望”、“预期”、“打算”、“计划”、“可能”、“应该”、“潜在”、“预定” 等词语或此类词语和短语及类似表述的变体来识别,就其性质而言,是指未来可能发生、可能发生、可能发生或将要发生的事件或取得的结果。在本新闻稿中发表前瞻性陈述时,公司运用了几项重大假设,包括但不限于投资者将对未来融资感兴趣,市场基本面将导致持续的贵金属需求和价格,及时获得与公司项目未来勘探和开发相关的任何必要许可、执照和监管部门的批准,该项目遵循了质量控制程序,可根据适当的条件提供融资公司项目的勘探和开发以及公司遵守环境、健康和安全法律的能力。
公司提醒投资者,公司的任何前瞻性陈述都不能保证未来的业绩或业绩,由于各种因素,包括与矿产勘探和开发活动相关的运营和技术困难、勘探活动的实际结果、矿产储量和矿产资源的估计或实现、公司无法获得开展其所需的必要融资,实际业绩可能与前瞻性陈述中的业绩存在重大差异商业和事务,按照目前的设想,未来产量估计的时间和金额,生产成本,资本支出,开发新存款的成本和时机,对额外资本的要求,贵金属的未来价格,总体经济状况的变化,金融市场以及大宗商品需求和市场价格的变化,投资者对采矿业的未来融资、事故、劳资纠纷和其他风险缺乏兴趣,延迟获得政府批准许可证,许可证或融资或在完成开发或建筑活动时,与 COVID-19 等流行病或流行病相关的风险,包括 COVID-19 对公司业务、财务状况和经营业绩的影响,影响采矿业务的法律、法规和政策的变化,所有权纠纷,公司无法获得任何必要的许可、同意、批准或授权,包括加拿大证券交易所的许可、同意、批准或授权,任何未决诉讼的时间和可能的结果,环境问题和负债以及公司向美国证券交易委员会提交的定期文件中讨论并在2021年8月31日的公司最终详细招股说明书中披露的其他因素和风险。
提醒读者不要过分依赖前瞻性陈述。除非另有规定,否则公司没有义务更新本新闻稿中的任何前瞻性陈述或以引用方式纳入本新闻稿中的任何前瞻性陈述。
来源:雅典娜黄金公司
在 accesswire.com 上查看原始新闻稿