Athena Gold Corporation announced the proposed acquisition of a 100% interest in the Forester Gold Project ("Forester" or the "Project"), located along-trend of Orla Mining's Musselwhite Gold Mine in northwestern Ontario. Forester acquisition diversifies risk and aligns strongly with Athena's expertise in Ontario mineral exploration; similar to Athena's flagship Laird Lake Project, Forester is located along-trend of a producing, multimillion-ounce gold mine. Strategically located less than 30 km southeast of Orla Mining's Musselswhite Gold Mine, which was recently acquired for up to USD 850 million and has produced over 6 million ounces of gold to date.
The area benefits from strong regional infrastructure and access, including established road and air connections that support efficient operations in this proven mining district. Forester shares the same favourable geology as Musselwhite (iron formations, volcanics, and sediments) and remains historically underexplored for over 30 years, despite multiple gold occurrences across the large land package, including surface grab samples up to 147 g/t Au. Historical shallow drilling (1984 - 1986) on the eastern Tex Zone, a bulk tonnage target, delivered significant gold intercepts at surface, with several holes ending in mineralization, including: Hole ID, Length of Hole, Sampled Length, Length of unsampled core, Average grade of hole (top to bottom), Average grade of sampled core, TN86-2, 89.2m, 61.8m, 27.4m, 0.68 g/t, 0.98 g/t, TN86-1, 101.4m, 56.2m, 42.0m, 0.46 g/t, 0.80 g/t, TN84-1, 154.2m, 53.3m, 98.7m, 0.28 g/t, 0. 80 g/t. Forester is located in northwestern Ontario, less than 30 km southeast of the operating Musselwhite Gold Mine (owned by Orla Mining Ltd., with proven & probable reserves of ~1.5 Moz Au at 6.43 g/t).
