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
目標是完善 2024 年的鑽探目標
內華達州里諾/ACCESSWIRE/2023年12月12日/雅典娜黃金公司(OTCQB: AHNR)(CSE: ATHA)(“雅典娜” 或 “公司”)欣然宣佈,它已與Zonge International, Inc.簽訂合同,在其全資擁有的位於內華達州託諾帕西北約21英里處的Springs Crow項目(“項目”)進行IP/電阻率(“調查”)。
Crow Springs 項目是內部生成的,雅典娜在 2022 年向 BLM 提出了 10 項未獲得專利的索賠,並在當時租用了一份額外的關鍵索賠 CS-124。CS-124 索賠是根據繪製的地表鉀蝕變、地球化學和過去的鑽探情況進行戰略定位的。參考2022年5月26日雅典娜新聞稿。2023年又提出了其他索賠,該項目現在包括31項未獲得專利的索賠。
該項目位於內華達州中西部的沃克巷結構帶內,是一個斑岩銅鉬金系統,具有開發世界級資源的規模潛力。與斑岩相關的變化、地球化學、磁學和過去的鑽探表明,斑岩系統的表面積超過4.5平方英里。
Crow Springs District 的斑岩銅礦化與強烈的鉀蝕變有關,鉀蝕變是在當地出現的粗石英蒙脫石斑岩和多層紋理的蒙脫石中。地表岩石地球化學表明,中度至強度的 Cu-Mo-Au 礦化暴露在淺層,適合在深度小於 1,500 英尺的反循環鑽探。
2021 年進行了一項區域規模的機載磁學輻射測量(見圖 1),結果表明,典型的斑岩鉀變化與雅典娜控制的未經測試的磁異常有關。未經測試的磁異常表明,可能存在大小相當大的斑岩銅金目標。計劃中的 IP 電阻率調查旨在進一步完善和劃定磁異常內部或附近的 Cu-Mo-Au 鑽探目標。
雅典娜對被認爲與鉀長石-磁鐵礦-銅鉬-金礦產潛力有關的兩個主要磁高點之一擁有主張。另一個磁性高點由EMX Royalty Corp(“EMX”)控制,該公司在克勞斯普林斯地區持有132份索賠。
圖 1。該地圖描繪了先前對雅典娜索賠區塊進行磁力勘測的地圖以及提議的 IP 線路。
雅典娜總裁兼首席執行官約翰·鮑爾評論說:”我們仍然專注於旗艦Excelsior Springs黃金項目,但很高興能在一級司法管轄區推進我們的斑岩銅鉬金目標,以分散我們的投資組合,爲股東創造增值價值。內華達州最近有許多成功案例,這些案例將現代勘探技術應用於歷史悠久的採礦區。一項有利的知識產權調查將證實我們2024年的鑽探目標。”
“自從Homestake Mining在20世紀60年代初進行早期勘探以來,克勞斯普林斯區一直被稱爲頂級隱蔽斑岩目標,但僅接受了極少的現代勘探,因此發現銅鉬礦化的潛力很大,我們期待着我們的項目和整個Crow Springs區的發展,” Power 補充說。
提議的知識產權調查詳情
Zonge International 將在雅典娜指定的兩條線路上採集 Crow Springs 調查的 IP/電阻率數據,如圖 1 所示。IP/電阻率數據將採用 200 米的偶極長度採集,採用 9 擴散偶極偶極子配置,提供從 n=1 到 n=7 的連續覆蓋。該調查旨在穿透 1,200 英尺或以上的目標深度,以確定在深度出現斑岩目標的可能性。
克勞斯普林斯的歷史和位置
Crow Springs 是石英二長巖斑岩中的斑岩 Cu-Mo-Au,位於內華達州埃斯梅拉達公司北部羅伊斯頓山南部的第三紀沃克巷結構省的東緣。
Homestake在1963年進行的寬間距岩心鑽探表明,在未經鑽探測試的鉀蝕變磁高中心周圍存在普遍的丙裂體蝕變(粘土黃鐵礦-碳酸鹽)。
圖 2。最近收集的浸出石英塊狀角礫岩的露出提供了令人信服的證據,表明深處存在潛在的礦化斑岩系統。該岩石樣本是在擬建的南IP線以北採集的,位於高磁異常上方。
圖 3。三疊紀晚期至白堊紀早期內華達州斑岩銅的位置及相關礦點。(資料來源:內華達州的斑岩銅礦及相關事件——NBMG Wendt & Albino 1991)
此外,十五 霍爾鉬礦位於克勞斯普林斯東北偏東北數英里處,該礦以前生產了 5,300 萬磅的鉬。它是一個斑岩鉬銅礦牀,儲存在有6900萬年曆史的石英單石中,曾被花崗岩斑岩侵入。
Allegiant Gold的東區項目位於向西不到3英里處,該項目擁有140萬盎司的大量開放黃金資源,具有極大的擴張潛力。
合格人員
中小企業註冊會員兼華盛頓州持牌地質學家約翰·海納是NI 43-101所定義的合格人士,他已經審查了構成本新聞稿基礎的科學和技術信息,並批准了此處的披露。Hiner 先生並非獨立於公司。
關於雅典娜黃金公司
雅典娜從事勘探其旗艦埃克西爾溫泉項目和收購其他有價值的礦產的業務。
有關雅典娜黃金公司和我們的 Excelsior Springs 黃金項目的更多信息,請訪問。
代表董事會
約翰·鮑爾
首席執行官兼總裁
聯繫人:
電話:John Power
1 (707) -291-6198
電子郵件:info@athenagoldcorp.com
傑森·利本森
總裁兼首席運營官
卡斯爾伍德資本公司
1 (647) -534-9884
電子郵件:jason@castlewoodcapital.ca
致美國投資者的警示聲明
本新聞稿引用了NI 43-101,這與美國證券法的要求不同。NI 43-101是由加拿大證券管理局制定的一項規則,它爲發行人公開披露有關礦業項目的科學和技術信息制定了標準。
美國證券交易委員會(“SEC”)允許礦業公司在向美國證券交易委員會提交的文件中僅披露公司可以合法開採或生產的礦牀。根據經修訂的1933年《美國證券法》下的美國證券交易委員會行業指南7,報告儲備金需要進行 “最終” 或 “銀行可擔保” 的可行性研究。目前,雅典娜尚未劃定其任何財產的 “儲量”。雅典娜無法確定其物業中的任何存款是否會被確認或轉換爲美國證券交易委員會行業指南7或任何符合後續規則或法規的 “儲備”。提醒投資者,不要假設歷史悠久的巴斯特礦或西坡金礦區的任何部分或全部都會得到確認或轉換爲儲量,也不要假設可以經濟或合法地開採這些金礦區。
美國證券交易委員會通過了披露規則修正案,以更新根據經修訂的1934年《美國證券交易法》向美國證券交易委員會註冊證券的發行人的礦產財產披露要求。這些修正案於2019年2月25日生效,自2021年1月1日或之後開始的第一個財政年度都必須遵守這些修正案,而美國證券交易委員會行業指南7中包含的礦業註冊人的歷史財產披露要求,該指南自該日起和之後被撤銷,取而代之的是名爲S-K 1300 的披露要求。
前瞻性陳述
本新聞稿包含適用的加拿大和美國證券法所指的前瞻性陳述和前瞻性信息(統稱爲 “前瞻性陳述”)。除歷史事實陳述外,此處包含的所有陳述,包括但不限於有關該項目未來勘探計劃和第二階段鑽探計劃的完成、未來的勘探結果以及公司未來活動的預期業務計劃和時間安排的陳述,均爲前瞻性陳述。儘管該公司認爲此類陳述是合理的,但它無法保證此類預期會被證明是正確的。前瞻性陳述通常用諸如 “相信”、“將”、“期望”、“預期”、“打算”、“計劃”、“可能”、“應該”、“潛在”、“預定” 等詞語或此類詞語和短語及類似表述的變體來識別,就其性質而言,是指未來可能發生、可能發生、可能發生或將要發生的事件或取得的結果。在本新聞稿中發表前瞻性陳述時,公司運用了幾項重大假設,包括但不限於投資者將對未來融資感興趣,市場基本面將導致持續的貴金屬需求和價格,及時獲得與公司項目未來勘探和開發相關的任何必要許可、執照和監管部門的批准,該項目遵循了質量控制程序,可根據適當的條件提供融資公司項目的勘探和開發以及公司遵守環境、健康和安全法律的能力。
公司提醒投資者,公司的任何前瞻性陳述都不能保證未來的業績或業績,由於各種因素,包括與礦產勘探和開發活動相關的運營和技術困難、勘探活動的實際結果、礦產儲量和礦產資源的估計或實現、公司無法獲得開展其所需的必要融資,實際業績可能與前瞻性陳述中的業績存在重大差異商業和事務,按照目前的設想,未來產量估計的時間和金額,生產成本,資本支出,開發新存款的成本和時機,對額外資本的要求,貴金屬的未來價格,總體經濟狀況的變化,金融市場以及大宗商品需求和市場價格的變化,投資者對採礦業的未來融資、事故、勞資糾紛和其他風險缺乏興趣,延遲獲得政府批准許可證,許可證或融資或在完成開發或建築活動時,與 COVID-19 等流行病或流行病相關的風險,包括 COVID-19 對公司業務、財務狀況和經營業績的影響,影響採礦業務的法律、法規和政策的變化,所有權糾紛,公司無法獲得任何必要的許可、同意、批准或授權,包括加拿大證券交易所的許可、同意、批准或授權,任何未決訴訟的時間和可能的結果,環境問題和負債以及公司向美國證券交易委員會提交的定期文件中討論並在2021年8月31日的公司最終詳細招股說明書中披露的其他因素和風險。
提醒讀者不要過分依賴前瞻性陳述。除非另有規定,否則公司沒有義務更新本新聞稿中的任何前瞻性陳述或以引用方式納入本新聞稿中的任何前瞻性陳述。
來源:雅典娜黃金公司
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