Athena Gold Corporation Acquires Forester Gold Project in Ontario

Athena Gold Corporation is set to acquire a 100% interest in the Forester Gold Project, a 4,900-hectare site near Orla Mining's Musselwhite Mine in northwestern Ontario. This acquisition, finalized through an all-share deal, aligns with Athena's Ontario exploration strategy. The Forester site shares geological similarities with Musselwhite, an area historically underexplored despite numerous gold occurrences.

The Project includes 16 shallow diamond drill holes from the 1980s that revealed promising gold mineralization. Athena aims to explore both high-grade and bulk-tonnage gold mineralization using modern tools. The acquisition terms involve issuing 42 million Athena shares, which represent 12% of the company, subject to Canadian Securities Exchange approval.

In light of regional infrastructure, proximity to the Musselwhite Mine, and additional critical metal prospects, the Forester Project offers significant exploration potential.