Business
Athena Reports Further Encouraging Visual Results from Holes 2 and 3 at Laird Lake
White Rock, British Columbia--(Newsfile Corp. - May 15, 2026) - Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) ("Athena" or the "Company") is pleased to provide an exploration update from its ongoing maiden drill campaign at its flagship Laird Lake project in Ontario's Red Lake Gold District. The Company is currently awaiting on assays from Hole LL-26-001 which intersected a broad zone of sulfidized banded iron formation (see Company press release dated April 21, 2026), which is expected in.
About this update from Athena Gold Corporation
[{"type":"text","content":"White Rock, British Columbia--(Newsfile Corp. - May 15, 2026) - Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) ("Athena" or the "Company") is pleased to provide an exploration update from its ongoing maiden drill campaign at its flagship Laird Lake project in Ontario's Red Lake Gold District. The Company is currently awaiting on assays from Hole LL-26-001 which intersected a broad zone of sulfidized banded iron formation (see Company press release dated April 21, 2026), which is expected in the coming weeks. Holes LL-26-002 and LL-26-003 were designed to test the prospective Balmer-Confederation assemblage contact on the eastern portion of the project, as well as newly modelled geophysical anomalies. Core logging indicates that both holes successfully intersected this key geological boundary, while also intersecting alteration, veining and sulphide mineralization that the Company believes are consistent with a classic Red Lake style mineralizing environment.","length":1000,"tagName":"p"},{"type":"text","content":""Intersecting the Balmer-Confederation contact in both Holes 2 and 3 is a major technical milestone for Athena at Laird," said Koby Kushner, CEO of Athena. "This contact is one of the most important gold bearing structures in the Red Lake Gold District, and our drilling is now confirming that the same architecture exists on our ground. The fact that we are also cutting sulfide mineralization and 'Red Lake style' alteration along the boundary as well as intersecting mineralization deeper in the holes near newly modelled geophysical plates gives us strong encouragement as we await assays from the first three holes. Meanwhile, we have moved onto Hole 4, which is designed to test the G4 anomaly."","length":729,"tagName":"p"},{"type":"text","content":"Drill Hole Discussion","length":21,"tagName":"p"},{"type":"text","content":"Hole LL-26-002 was drilled to test the interpreted Balmer-Confederation contact and newly modelled conductor anomalies on the eastern portion of the project. Core logging indicates the hole intersected the boundary near the top of the hole and cut strongly altered mafic to ultramafic volcanic rocks with quartz-carbonate-diopside veining and sulfide mineralization. Mineralization appears concentrated near lithological contacts and structural zones, ...