Athena Gold Corporation (OTCMKTS:AHNR), announced on August 22, 2022, that it has finalized the purchase of an undivided 100% interest in two key patented claims, the Fortunatus and Prout lode mining claims, situated in Esmeralda County, Nevada.
Trading Data
On Monday, AHNR stock ended flat at $0.0600 with more than 11K shares, compared to its average volume of 51K shares. The stock moved within a range of $0.0600 – 0.0600 after opening trade at $0.0600.
Athena Gold Finalizes Purchase of Two Key Patented Claims at Excelsior Springs Project, Nevada
Claims were previously held by the company under a lease option agreement that was set to expire in June 2023. They are a vital part of its flagship Excelsior Springs project located in Nevada and include the historic high-grade Buster gold Mine. The Fortunatus lode claim and Prout lode claim were located on July 10, 1873, and January 21, 1892, respectively. Patented, signed claims by President Woodrow Wilson were awarded in 1938.
The Buster Mine generated an estimated 35,000 ounces of high-grade gold averaging 1 ounce of gold per ton between its discovery in 1873 and the early 1900s of. Gold bullion from the Buster Mine was shipped to the Carson City Mint in Carson City, Nevada.
A Phase 2 drill program is being planned for the Excelsior Springs project, for a follow-up on its recent discovery hole DB-23. The discovery hole started at a shallow depth of 140 feet with a 110-foot intercept of 5.15 Au g/t and 8.9 Ag g/t including a 55-foot intercept of 10.03 Au g/t and 17.3 silver g/t, and a 35-foot intercept of 15.3 Au g/t and 26.5 Ag g/t.
Lastly, the company has closed the first tranche of a non-brokered private placement offering. 3,810,000 units (one unit consists of one common share in the capital stock of the company and one common share purchase warrant) of the company has been issued at a price of CAD $0.08 per unit for gross proceeds of CAD 304,800.
Technical Data
AHNR stock is trading above the 20-Day and 50-Day Moving averages of $0.0600 and $0.0592 respectively. However, the stock is trading below the 200-Day moving average of $0.0909. The company has a total market capitalization of $7.56 million. The stock is up 10% over the past month.
