Athena Gold (CSE:ATHA) has achieved a “major” technical milestone at the Laird Lake Project in Ontario, Canada, amid an ongoing drilling campaign.
CEO Koby Krushner says the second and third holes intersected the Balmer-Confederation contact which is one of the most “important” gold-bearing structures in the Red Lake Gold District.
“Our drilling is now confirming that the same architecture exists on our ground,” Kushner says.
“The fact that we are also cutting sulphide mineralisation and Red Lake-style alteration along the boundary, as well as intersecting mineralisation deeper in the holes near newly modelled geophysical plates gives us strong encouragement as we await assays from the first three holes.”
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, alongside nearly modelled geophysical anomalies.
Core logging indicates that both holes intersected this key geological boundary while also intersecting alteration, veining, and sulphide mineralisation.
The company is currently awaiting on assays from hole LL-26-001 which intersected a broad zone of sulphide banded iron formation which is expected in the coming weeks.
The Laird Lake Project, covering more than 7,000 hectares, is an underexplored area located in the Red Lake District of Ontario.
Athena Gold is focused on engaging in mineral exploration and acquisitions of mineral property assets.
Write to Aaliyah Rogan at Mining.com.au
Images: Athena Gold
