Athena Gold Intersects Key Gold-Bearing Contact, Reports Encouraging Visuals at Laird Lake
AHNRF has more than doubled off its 52-week low of $0.04.
Summary
Athena Gold Corporation announced encouraging visual drill results from Holes LL-26-002 and LL-26-003 at its Laird Lake project. The company successfully intersected the prospective Balmer-Confederation assemblage contact, a significant gold-bearing structure in Ontario's Red Lake Gold District. Core logging revealed alteration, veining, and sulfide mineralization consistent with a classic Red Lake style mineralizing environment, which the CEO called a "major technical milestone." These preliminary visual findings are highly positive for the junior explorer, de-risking the project and building anticipation for definitive assay results. Investors will be closely watching for the assay results from the first three holes, expected in June, which will provide quantitative data on the gold mineralization.
At the time of this announcement, AHNRF was trading at $0.31 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $11.3M. The 52-week trading range was $0.04 to $0.69. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.