IP/Resistivity Survey Completed At Crow Springs Copper-Molybdenum-Gold Porphyry Project

IP/Resistivity Survey Completed At Crow Springs Copper-Molybdenum-Gold Porphyry Project

RENO, NV – Athena Gold Corporation has successfully completed an Induced Polarization/Resistivity at the Crow Springs Project located approximately 21 miles northwest of Tonopah, Nevada. The survey was conducted by Zonge International and generated IP/Resistivity data on the two lines specified by Athena. The IP/Resistivity data was acquired using a dipole-length of 200 meters, in the 9- spread dipole-dipole configuration, providing continuous coverage. The survey was designed to define potential porphyry copper-gold targets to a depth of 1,200 feet or more.

Prior to the IP/Resistivity survey, a district-scale helicopter airborne magnetics radiometric survey was flown in September 2017 with 100-meter spaced N-S flight lines with 1000-meter tie lines flown E-W. The survey indicates that a strong untested magnetic anomaly controlled by Athena underlies classic porphyry-associated potassic alteration noted in geologic mapping. The untested magnetic anomaly is suggestive of a possible porphyry copper-gold target of significant size. The IP-Resistivity survey was designed to further refine and delineate Cu-Mo-Au drill targets within or adjacent to the magnetic anomaly.

The IP response on Line 1 was muted but the significant magnetic high denotes a target as noted by gridlines in the cross-section. Combined with geology, strong potassic alteration, and Cu-Mo soil anomalies this area is a high-priority target for future work and an initial drill target has been established. The fault located at 2400 cuts off the IP source to the east. Anomalous IP response extends from this station to the west end of the line. The mapped Jurassic porphyry unit is IP anomalous throughout, but strongest between stations 1800 and 2000 directly over Athena’s CS-124 claim. This target also underlies strong potassic alteration and copper-molybdenum geochemical anomalies on the surface.

John Power, President & CEO, said, “We are pleased with our results from our recent IP survey at Crow Springs as we prepare drill ready targets having significant upside. The Crow Springs District has been known as a top tier concealed porphyry target since the early exploration by Homestake Mining and others in the late 1950’s through the early 1980’s but has received only minimal modern exploration and as such the potential for discovery of copper-molybdenum mineralization is high.”