Latest news with #AthenaGold
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Gold Finder Announces Next Phase of Target Development at West Madsen Gold Project, Red Lake, Ontario
West Madsen adjoins Madsen Mine property, owned by West Red Lake Gold Mines (WRLG), which recently announced the restart of the Madsen Gold Mine Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce summer fieldwork at its 100%-owned West Madsen Property (the "Property"). A review of the Company's previous exploration programs on the Property (2019-2024) was conducted to determine untested targets and areas that require further fieldwork prior to carrying out any additional mechanical stripping or drilling. To view an enhanced version of this graphic, please visit: Two areas were selected for the 2025 fieldwork (see Figure 1) and the work was carried out by Emerald Geological Services. More than 200 soil samples and 25 rock-grab samples were collected during the June program and submitted for laboratory analysis, with results pending. Area 1 Covers an area from Tack Lake, where the Balmer-Confederation contact has been identified in drilling, to the western property boundary with Athena Gold's Laird Lake property, where Athena reported bonanza-grade grab samples up to 373 g/t Au (see Athena's Dec. 4, 2024 news release). Prospecting and soil sampling was carried out to identify further gold anomalies proximal to the Balmer-Confederation contact. Reports from the Ontario Assessment File Database indicate grab samples up to 2.23 g/t Au approximately 500 meters west of the West Madsen property boundary and drill intersections up to 8.4 g/t Au over 1.3 meters approximately 1.5 km west of the boundary, as well as grab samples up to 178 ppb Au near the west shore of Tack Lake on the Property. Area 2 Covers an area near the eastern boundary of the Property, where 2020 soil sampling yielded anomalies up to 106 ppb Au from "A" horizon, and where 2024 drillholes WM-24-03 and WM-24-04 intersected ultramafic flows believed to belong to the Balmer Assemblage, which hosts the current and past producing gold mines of the Red Lake camp. Infill soil sampling and prospecting was carried out in this area during the 2025 program. "It's an opportune time to continue our systematic exploration of the West Madsen property with the official restart of the Madsen Gold Mine and our eastern claim boundary only 5 kilometres from the Madsen mine/mill complex," said Greg Lytle, President of Gold Finder. About the West Madsen Gold Project The West Madsen Gold Project covers 5,988 hectares in the heart of the Red Lake Gold Camp. It is comprised of two contiguous claim blocks: Block A to the east and Block B to the west, both accessible by secondary roads connecting to Ontario HWY 618 then to the town of Red Lake 15 km to the northeast. Block A adjoins the Madsen mine property, owned by West Red Lake Gold Mines, which recently announced the restart of the Madsen gold mine (see WRLG news release of May 22, 2025). The bulk of the mineral resources on the Madsen mine property are hosted in a ~7-km-long gold trend that follows the major crustal break or contact between the Balmer and Confederation assemblages. Gold Finder has observed the same Balmer-Confederation contact in outcrop approximately 1.5 km west of the Block A eastern claim boundary and identified it within an ~8-km corridor of disrupted regional magnetics that traverses Block A from the Madsen mine property. The technical information in this news release was reviewed and approved by Coleman Robertson, P. Geo., a qualified person (QP) for the purposes of NI 43-101 and V.P. Exploration for Emerald Geological Services. About Gold Finder Resources Ltd. Gold Finder is a mineral exploration company focused on discovery-stage properties. Our goal is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development. For more information, you can visit our website at download our investor presentation, and follow us on X at ON BEHALF OF THE BOARD Signed "Gregory Lytle" Gregory Lytle, President Gold Finder Resources Ltd. Direct line: (604) 839-6946 Email: info@ 179 - 2945 Jacklin Road, Suite 416 Victoria, BC, V9B 6J9 Forward-Looking Statements This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
Associated Press
16-04-2025
- Business
- Associated Press
Athena Gold Completes Redomiciliation To Canada
VACAVILLE, CALIFORNIA / ACCESS Newswire / April 16, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNR) ('Athena Gold' or the 'Company') is pleased to announce the completion of its redomicile from the State of Delaware to the Province of British Columbia, Canada, by way of a merger into its British Columbia subsidiary, Nova Athena Gold Corp. ('Nova Athena') under section 275 of the Business Corporations Act (British Columbia), together with concurrent name change, to form the amalgamated corporation which will continue under the name 'Athena Gold Corporation' (the 'Resulting Issuer') (the 'Redomestication'). The Redomestication was approved by the holders of the Company's common shares at its Annual General and Special Meeting (the 'Meeting') held March 27, 2025, by an affirmative vote of approximately 78.75% of the votes cast in respect thereof by shareholders present in person or by proxy at the Meeting. The Company has set April 24, 2025, as the 'Record Date', subject to approval of the Canadian Securities Exchange. At that time, the Resulting Issuer's common shares will commence trading on the Canadian Securities Exchange under its new ISIN/CUSIP Number. The new ISIN Number is CA04684R1055 and the new CUSIP Number is 04684R105. Under the terms of the Agreement and Plan of Merger and Amalgamation dated February 4, 2025, the Company's shareholders will receive one common share in the capital of Nova Athena for each common share of the Company with the Resulting Issuer retaining its current name, Athena Gold Corporation, and current trading symbol 'ATHA' on the Canadian Securities Exchange and on the OTCQB under trading symbol 'AHNR'. As a result of the Redomestication, the Resulting Issuer's authorized capital consists of an unlimited number of common shares and an unlimited number of preferred shares. Prior to the Redomestication the Company's authorized capital consisted of (i) 250,000,000 common shares, of which 194,803,633 common shares were issued and outstanding and 30,490,303 common shares were reserved for issuance, consisting of an aggregate of 25,260,303 share purchase warrants and 5,230,000 stock options; and (ii) 5,000,000 preferred shares, of which none were issued. On the Record Date of April 24, 2025, the Resulting Issuer will have 238,668,850 common shares issued and outstanding including 43,865,217 common shares previously issued to acquire the Laird Lake and Oneman Lake gold projects in Ontario and 30,490,303 common shares reserved for issuance, consisting of an aggregate of 25,260,303 share purchase warrants and 5,230,000 stock options. No preferred shares will be issued. The common shares held by Athena Gold in Nova Athena will be cancelled without payment of capital. The Company's transfer agent, Endeavor Trust Corporation ('Endeavor'), has mailed out a letter of transmittal ('Letter of Transmittal') to all registered shareholders of Athena Gold whose common shares are held in the form of physical share certificates. Registered shareholders are required to deposit their original share certificate(s), together with a duly completed Letter of Transmittal, with Endeavor. Once received, Endeavor will deliver shares in the name of the Resulting Issuer to the registered shareholder in accordance with the terms of the Letter of Transmittal. A copy of the Letter of Transmittal will be available under the Company's profile on SEDAR+ at or can be obtained by contacting Endeavor. If a shareholder holds their common shares through the Direct Registration System (DRS), no action is required. Shareholders who hold their common shares through an intermediary (i.e., a bank, trust, company, securities broker, trustee, or other) should contact that intermediary for instructions or questions. Further details regarding the terms and conditions of the Redomestication are set out in the Proxy Statement dated February 4, 2025, which is available on the SEC's website at and on SEDAR+ at The Redomestication is expected, among other things, to significantly reduce Athena Gold's regulatory compliance costs, enhance its ability to access the capital markets and increase the number of potential investors. About Athena Gold Corporation Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena's flagship Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans 1,675 ha and covers at least three historic mines along the Palmetto Mountain trend, where the Company is following up on a recent shallow oxide gold discovery, with drill results including 5.35 g/t Au over 33.5 m. Meanwhile, the Company's new Laird Lake project is situated in the Red Lake Gold District of Ontario, covering 4,158 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold's Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit On Behalf of the Board of Directors Koby Kushner President and Chief Executive Officer, Athena Gold Corporation For further information, please contact: Athena Gold Corporation Koby Kushner, President and Chief Executive Officer Phone: 416-846-6164 Email: [email protected] CHF Capital Markets Cathy Hume, CEO Phone: 416-868-1079 x 251 Email: [email protected] 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, 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. 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 risk factors as 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 stated. SOURCE: Athena Gold Corp press release
