The Conversation (0)
(TheNewswire)
 | |||||||||
 |  |  |  | ||||||
Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNR) ("Athena" or the "Company") is pleased to report high-grade gold samples from its reconnaissance surface sampling program at its newly acquired Laird Lake project, located in Ontario's prolific Red Lake Gold District. The Laird Lake project, spanning 4,158 hectares and covering >10 km of Balmer-Confederation Assemblage contact, represents an underexplored portion of the Red Lake Gold District. The project is road-accessible and lies approximately 10 km west of West Red Lake Gold Mines' flagship Madsen mine, and 34 km northwest of Kinross Gold's Great Bear project.
" We are extremely pleased that our recent expansion into Ontario is already starting to bear fruit. To our knowledge, sample F733057, returning 56.5 g/t Au, is in line with some of the highest-grade surface grab samples publicly reported in the Red Lake Gold District," stated John Power, President & CEO of Athena Gold.
Highlights:
- An initial six surface grab samples taken at the Laird Lake project in July 2024 confirmed mineralization over 2.2 km of strike length along the contact between the Balmer and Confederation Assemblages (Figure 1). Mineralization is open along strike to the east and west.
- The Balmer-Confederation contact is believed to serve as a major structural control for gold mineralization in the Red Lake Gold District, with >90% of all gold ever mined in the camp occurring within approximately 300 m of this contact.
- The highest-grade sample returned up to 56.5 g/t Au collected from a smoky quartz vein with blebby pyrite, chalcopyrite, and traces of visible gold (Figure 3).
- Grab sample assays from additional prospecting work conducted in October 2024 remain pending, with results expected to be received by year-end.
- The recent reconnaissance prospecting program is expected to guide a property-wide geochemistry survey, scheduled to commence in H1/2025, the results of which are anticipated to provide targets for Athena's initial drill program at Laird Lake.
- A recently completed MSc. thesis on the Laird Lake project, suggested that Laird Lake represents the continuation of the same mineralized structure found at both the Madsen and Starratt-Olsen gold mines [i] now owned by West Red Lake Gold (2.5 Moz past-production, 1.7 Moz indicated, 0.4 Moz inferred) [ii] and was later displaced as far as 10 km west (Figure 2).
Figure 1: Map of Laird Lake, showing recent grab samples from July 2024 reconnaissance sampling program.
Figure 2: Map of Laird Lake and Madsen, showing mapped Balmer-Confederation contact and dextral Laird Lake Fault.
Geology:
Gold mineralization observed at Laird Lake occurs in discrete quartz veins hosted in volcanic rock, localized high-strain zones consisting of silicification and disseminated sulfides, and in more broad zones of strongly deformed banded iron formation up to 15 m wide characterized by gossan, fine-grained disseminated sulfides, and silicification. Gold-bearing zones exhibit a general east-west orientation and occur in both Balmer and Confederation Assemblage rocks. The initial grab sample results are described in detail below:
- A sample of smoky quartz vein hosted in Balmer Assemblage volcanic rock containing blebby pyrite, chalcopyrite, and visible gold returned 56.5 g/t Au (F733057). This sample was taken approximately 50 m north of the contact with the Confederation Assemblage and was the most western sample collected. Two additional samples of gossaned and silicified volcanic host rock collected adjacent to the high-grade quartz vein returned 1.47 g/t Au and 2.40 g/t Au (F733056 and F733058, respectively).
- A sample of strongly deformed banded iron formation (BIF) from the Balmer Assemblage containing fine-grained disseminated pyrite, and silicification returned 3.89 g/t Au (F733053), and was collected from an outcrop approximately 15 m in width and characterized by a strong overall deformation fabric with several high-strain zones of gossan, fine-grained pyrite, and silicification throughout. The outcrop is located approximately 60 m north of the Balmer-Confederation contact.
- A sample of sulfide-bearing quartz vein hosted in the Confederation Assemblage returned 1.57 g/t Au (F733062). This sample was collected approximately 225 m south of the Balmer-Confederation contact.
- A sample of sulfide-bearing quartz vein hosted in a high-strain zone within Confederation Assemblage returned 7.18 g/t Au (F733065). The high-strain zone is characterized by silicification, fine-grained disseminated sulfides, and lesser gossan. Refolded quartz veins were noted along the contact of the high-strain zone and volcanic host rock. This sample was collected approximately 180 m south of the Balmer-Confederation contact eastern-most sample collected.
Figure 3: Photographs of grab samples F733053 (left) and F733057 (right) from July 2024 prospecting at Laird Lake.
Figure 4: Photographs of outcrops for samples F733051-53 (left) and F733057 (right) from July 2024 at Laird Lake.
Future Drill Testing:
Laird Lake has been subject to only very limited historical exploration work, largely because the Balmer-Confederation contact was only mapped on Laird Lake in recent times as part of a MSc. research thesis. Importantly, >90% of all gold ever mined in the Red Lake Gold District is estimated to occur within 300 m of this contact. Athena's initial work programs are focused on understanding structural controls and potential splays off this contact that may host high-grade gold mineralization. Additional assays from the follow-up program that took place in October 2024 remain pending, with results expected by year-end. Athena plans to conduct a property wide gold-in-till geochemistry program in Spring 2025. Historical, high-resolution airborne magnetic and electromagnetic surveys highlighted several prospective targets within the Balmer Assemblage that have yet to be tested will be included in future drilling on the property, in addition to other targets generated from prospecting and geochemical programs.
About Our Laird Lake Project
The 4,158 ha Laird Lake property is situated 20km to the southwest of the town of Red Lake, Ontario. Red Lake is a prolific gold mining town in Northwestern Ontario that has seen over 30 Moz of gold produced. Importantly, >90% of the gold has come from within 300 m of the contact between the Balmer and Confederation Assemblages. The Laird Lake property is considered underexplored for gold, relative to much of the surrounding Red Lake Greenstone Belt, despite possessing over 10 km of strike length of the known gold-bearing contact between Balmer and Confederation Assemblage rocks. Also important is being nearby to several major gold production and exploration sites in the region:
- 34km to the Great Bear project (Kinross - 2.7 Moz indicated, and 3.9 Moz inferred) [iii];
- 11 km to the Madsen Mine (West Red Lake Gold - 1.7 Moz indicated, and 0.4 Moz inferred); and
- 28 km to the Red Lake Mine (Evolution Mining - 7.2 Moz indicated, and 4.5 Moz inferred) [iv].
Limited exploration activity at Laird Lake has demonstrated high-grade gold mineralization occurs in both Balmer and Confederation Assemblage rocks over several kilometers in proximity to the main Balmer-Confederation contact. The highest gold grades on the property show a strong correlation to high-strain zones characterized by the presence of silicification, disseminated sulfides, and gossan. The Laird Lake property is dominated by mafic to ultramafic metavolcanic rocks as well as lesser banded iron formation of the Balmer and Confederation Assemblages. Felsic to ultramafic intrusive units are also present throughout the property, most notably of which include the Killala-Baird Batholith to the north, and the Medicine Stone Lake Batholith to the south.
QA/QC
Analytical work for rock samples was completed by AGAT Laboratories, with sample preparation and geochemical analyses completed in Thunder Bay, Ontario. Samples were crushed before a 250-gram split was pulverized to better than 85% passing 75 microns. Rock samples were analyzed for gold by fire assay using a 50-gram charge with an atomic absorption spectroscopy finish. If assay results exceeded 10.0 g/t gold, the sample rejects are analyzed by 50-gram fire assay with a gravimetric finish. Sampling and analytical procedures are subject to a Quality Assurance and Quality Control program that includes duplicate samples and analytical standards.
Qualified Person
Technical information in this news release has been reviewed and approved by Benjamin Kuzmich, P.Geo., a geoscientist and qualified person for the purposes of National Instrument 43-101.
About Athena Gold Corporation
Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on such projects.
For further information about Athena Gold Corporation, please visit www.athenagoldcorp.com .
On Behalf of the Board of Directors
John C. Power
Chief Executive Officer and President
Email: johnpower@athenagoldcorp.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US. securities laws. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", ''plans", "may", "should", ''potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various risk factors as disclosed in the final long form prospectus of the Company dated August 31, 2021.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise.
[i] Geology and Geochemistry of the Laird Lake Property and Associated Gold Mineralization - https://www.lakeheadu.ca/programs/departments/geology/about/msc-theses/summaries/node/47164
[ii] Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate - https://westredlakegold.com/wp-content/uploads/2024/04/26Apr24_-_PureGold_Mine_NI_43-101_Technical_Report_-_WRLG.pdf
[iii] Great Bear Gold Project Preliminary Economic Assessment - https://s2.q4cdn.com/496390694/files/doc_downloads/2024/09/Great_bear/Kinross-Great-Bear-PEA-TR-REVISED-FINAL-Sep-9-2024.pdf
[iv] Evolution Mining Mineral Resource and Ore Reserve Statement, December 2023 - https://evolutionmining.com.au/reservesresources/
ATHA:CNX
Athena Gold Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Athena Gold
Investor Insight
Athena Gold’s high-grade gold exploration assets in two of the world’s safest and most prolific mining jurisdictions, backed by a highly technical and entrepreneurial leadership team, make it a compelling investment opportunity worth examining.
Overview
Athena Gold (CSE:ATHA,OTCQB:AHNR) is a dynamic gold exploration company focused on advancing its newly acquired asset in Ontario’s Red Lake Gold Camp in Canada, and its gold discovery project in Nevada’s Excelsior Springs in the US. These projects are located in two of the world’s safest, tier-one mining jurisdictions, where major mining companies are increasingly refocusing their exploration efforts due to geopolitical stability and established mining infrastructure.
Ontario’s Red Lake and Nevada’s Walker Lane Trend are globally renowned for their high-grade gold deposits. By operating in these regions, Athena Gold aligns itself with the recent trend toward safer, more predictable mining jurisdictions.
The company is guided by a young, entrepreneurial and highly technical leadership team, uniquely equipped to unlock the potential of its assets through cost-effective and innovative exploration strategies. Athena Gold is committed to discovery-driven growth, prioritizing projects with world-class potential.
Company Highlights
- Athena Gold operates in two of the world’s safest and most prolific mining jurisdictions—Nevada and Ontario—benefiting from established infrastructure, lower geopolitical risk, regulatory stability, and high exploration potential.
- Flagship Projects - Laird Lake and Excelsior Springs
- Laird Lake: Situated in Ontario's Red Lake Gold District, renowned for producing over 30 Moz of gold, with recent sampling identifying bonanza-grade gold up to 373 g/t gold. The project is in a pre-discovery phase.
- Excelsior Springs: Located in Nevada’s Walker Lane Trend, this project features historical high-grade gold production and recent discoveries, including a Western Slope intercept of 5.35 g/t gold over 33.5 m, with significant open-pit potential.
- Focused on advancing projects through grassroots exploration and systematic geological work to unlock high-grade deposits.
- Led by a technical and entrepreneurial team with a track record of delivering value through innovative exploration approaches.
- A lean and focused share structure with ~25 percent insider ownership ensures alignment with shareholder interests.
Key Projects
Laird Lake Gold Project
The Laird Lake project, encompassing 4,158 hectares, is located in Ontario’s Red Lake Gold District, an iconic mining camp producing over 30 million ounces of gold. This project spans over 10 kilometers of the Balmer-Confederation Assemblage contact, a key geological structure historically hosting major gold deposits, including the renowned Great Bear mine, now owned by Kinross (TSX:K,NYSE:KGC), and Madsen mine, owned by West Red Lake Gold (TSXV:WRLG:,OTCQB:WRLGF).
Recent sampling has confirmed the project’s exceptional potential, including a bonanza-grade surface grab sample returning 373 grams per ton (g/t) gold — the highest recorded at the site. Mineralization has been identified over a 2.2-kilometer strike length, with further extensions open to the east and west. Strategic proximity to major operations, such as West Red Lake Gold Mines' flagship Madsen mine and Kinross Gold’s Great Bear project, further enhances its appeal.
Map of Laird Lake project, showing selected assays from the October 2024 sampling program.
Athena Gold is executing a systematic exploration strategy, with plans for a property-wide geochemistry survey in 2025. These efforts aim to identify drill targets for a winter-spring drilling campaign, focusing on high-grade zones and expanding the project’s resource potential.
Excelsior Springs Gold Project
The Excelsior Springs project is located in Nevada’s Walker Lane Trend, a prolific mining district with more than 40 million ounces of historical gold output. Major mining companies already operating in the Walker Lane trend include Kinross Gold, AngloGold Ashanti (NYSE:AU) and Centerra Gold (TSX:CG). Located on patented and unpatented ground with year-round access, the project boasts a rich history of high-grade gold mining, including the Buster Mine, which produced 19,200 ounces at grades exceeding 40 g/t gold in the late 19th century.
Athena Gold has identified significant potential for Excelsior Springs, with near-surface gold oxide mineralization. A standout discovery in the Western Slope zone yielded an impressive intercept of 5.35 g/t gold over 33.5 meters, supported by broader mineralized zones such as 1.02 g/t gold over 52 meters. These results suggest the potential for an open-pit mining operation, making the project an attractive prospect for resource expansion.
The project is geologically analogous to AngloGold’s Silicon project, which has demonstrated similar mineralization and structural settings. Excelsior Springs also benefits from a multi-phase exploration plan. A recent property-wide structural mapping program is refining the understanding of geological controls, with trenching and targeted geochemical sampling already underway.
Upcoming exploration phases will include oriented core drilling to delineate high-grade zones further and test for additional deposits.
Leadership Team
David Goodman - Chairman
David Goodman transitioned from a successful legal career to the investment management industry, becoming a partner, vice-president and portfolio manager at the firm behind Dynamic Funds. As president and CEO of Dynamic Funds and later DundeeWealth, he led the firm to significant growth, increasing assets under management from $5 billion to approximately $50 billion. Under his leadership, the firm was recognized multiple times as Fund Company of the Year at the Canadian Investment Awards. Goodman has also served on the boards of DundeeWealth, Repadre Capital, Dundee and SickKids Foundation.
Koby Kushner - President & CEO
Koby Kushner is a licensed professional engineer in Ontario and a CFA charter holder, with a background in mining engineering and equity research. He has worked at several mines in Ontario and Manitoba, including Hemlo (Barrick Gold) and Detour, gaining experience across all stages of project development. As an equity research analyst at Red Cloud Securities, a mining-focused investment bank, he covered more than 100 companies across various development stages and commodities, with a focus on precious and energy metals.
John Power - Secretary & Director
John Power has been with Athena Gold since its inception, serving in various capacities, including president and CEO. He managed the Langtry silver project, developing an NI 43-101 compliant resource of more than 60 million ounces of silver. Power was the president of Redwood Microcap Fund, where he increased shareholder value sixfold. He has also served as a director and/or officer of Magellan Gold and co-managing member of Silver Saddle Resources, a private entity owning mining claims in Nevada.
Ty Minnick - CFO
Ty Minnick is a certified public accountant with more than 25 years of experience across various industries. Since 2011, he has worked with Augusta Gold (formerly Bullfrog Gold), serving as chief financial officer until October 2020, and continuing as a consultant thereafter. He has also been associated with Grand Mesa CPAs and served as director of finance and administration for the Grand Junction Regional Airport Authority.
Ben Kuzmich - VP Exploration
Ben Kuzmich is a geologist with a strong track record of significant discoveries, driving the technical aspects of Athena’s projects. His expertise includes porphyry and epithermal systems, with a focus on cost-efficient exploration.
Radisson Mining Resources: Advancing High-grade Gold Exploration in Quebec
Radisson Mining Resources (TSXV:RDS,OTCQB:RMRDF) is a gold exploration company unlocking the value of its 100 percent owned O’Brien gold project. Located in the Abitibi Greenstone Belt along the prolific Larder-Lake-Cadillac Break in Quebec, Canada, the O’Brien gold project hosts the highest-grade, past-producing mine along the Cadillac Break. Radisson Mining Resources leverages its extensive drilling campaigns, high-grade historical production, and experienced management team to create value for shareholders and stakeholders.
With world-class assets, robust exploration programs, and experienced leadership, Radisson is well-positioned to deliver value to its shareholders.
The O’Brien gold project is in the Abitibi region of northwestern Quebec, along the Larder-Lake-Cadillac Break, and encompasses the historic O’Brien mine, which produced 587,121 ounces of gold at an average grade of 15.25 grams per ton (g/t) between 1926 and 1957. The company has planned a 22,000-metre drilling program to expand known mineralization below existing resources.
Company Highlights
- Flagship O’Brien Gold Project: Hosts the highest-grade, past-producing mine along the Cadillac Break, with significant resource expansion potential.
- Located in tier-one mining district amongst numerous world-class producers
- Experienced Leadership: A seasoned management team and board with a proven track record in mining exploration and development.
- Commitment to Sustainability: Prioritizes environmental stewardship and community engagement in all exploration activities.
This Radisson Mining Resources profile is part of a paid investor education campaign.*
Click here to connect with Radisson Mining Resources (TSXV:RDS) to receive an Investor Presentation
Quimbaya Gold: Unlocking High-grade Gold Potential in Antioquia, Colombia’s Premier Mining District
Quimbaya Gold (CSE:QIM)) is a junior gold exploration company exploring high-grade gold projects in Colombia. Quimbaya Gold's portfolio spans 59,057 hectares in highly prospective regions in the Antioquia mining district, the region responsible for about 50 percent of Colombia’s total gold production or around one million ounces (Moz) annually.
Located next to Aris Mining’s (TSX:ARIS) Segovia mine, Quimbaya leverages its proximity to established infrastructure and gold-rich geological formations. With Colombia being one of the most underexplored yet top mining jurisdictions in South America, Quimbaya’s projects are uniquely poised for significant discoveries.
Quimbaya's flagship Tahami project spans 17,087 hectares featuring mesothermal veins with multiple mineralization events underlain by Precambrian metamorphic rocks consolidated within the San Lucas Gneiss unit.
Company Highlights
- Quimbaya Gold controls 59,057 hectares across three distinct projects in Antioquia, Colombia — renowned as the country's top mining department, accounting for over half of Colombia’s gold production.
- The flagship Tahami project is adjacent and on trend to Aris Mining’s Segovia mine, one of the highest-grade gold mines globally. Tahami benefits from its strategic proximity to Segovia and its potential for discovery of high-grade vein gold systems.
- Tight share structure (60 percent insider/family offices/institutions ownership) with a market cap of approximately C$11.45 million, ensuring alignment with shareholder interests.
- Quimbaya has entered into a partnership with Independence Drilling, Colombia’s largest drilling company, which secures an extremely cost-effective 100,000 meters of drilling over five years.
- Quimbaya utilizes software that allows for rapid and cost-effective acquisition of mining claims, giving the company a competitive edge in securing high-value assets.
- The technical team’s proven track record of major discoveries in Colombia positions Quimbaya as a standout explorer in the region.
This Quimbaya Gold profile is part of a paid investor education campaign.*
Click here to connect with Quimbaya Gold (CSE:QIM) to receive an Investor Presentation
Radisson Mining Resources
Investor Insight
A compelling investment opportunity, Radisson Mining is leveraging its significantly high-grade gold asset in the prolific Abitibi Greenstone Belt and a strategic exploration and development plan to aggressively advance its flagship O’Brien gold project.
Overview
Radisson Mining Resources (TSXV:RDS,OTCQB:RMRDF) is a gold exploration company focused on unlocking the value of its 100 percent owned O’Brien gold project, strategically located in the Abitibi Greenstone Belt along the prolific Larder-Lake-Cadillac Break in Quebec, Canada. The company leverages its extensive drilling campaigns, high-grade historical production, and experienced management team to create value for shareholders and stakeholders.
Company Highlights
- Flagship O’Brien Gold Project: Hosts the highest-grade, past-producing mine along the Cadillac Break, with significant resource expansion potential.
- Located in tier-one mining district amongst numerous world-class producers
- Experienced Leadership: A seasoned management team and board with a proven track record in mining exploration and development.
- Commitment to Sustainability: Prioritizes environmental stewardship and community engagement in all exploration activities.
Key Project
O’Brien Gold Project: A High-Grade Opportunity in the Abitibi Region
The O’Brien gold project is Radisson's flagship asset, located in the Abitibi region of northwestern Quebec, along the Larder-Lake-Cadillac Break. The project encompasses the historic O’Brien mine, which produced 587,121 ounces of gold at an average grade of 15.25 grams per ton (g/t) between 1926 and 1957.
Project Highlights
- Location: Situated between the towns of Rouyn-Noranda and Val-d’Or, with excellent infrastructure and access via Trans-Canadian Highway 117
- Recent drilling: 2024 drilling highlighted significant potential for resource expansion at depth with the deepest hole ever drilled at the project returning an intercept of 242 g/t gold over 1 metre within a mineralized interval that averaged 31.24 g/t gold over 8 metres, in addition to the possible re-discovery of the famous “Jewellery Box” zone with an intercept of 1,345 g/t gold over 1 metre
- MOU with IAMGOLD: Memorandum of understanding signed with IAMGOLD to assess the design criteria for processing mined material from O’Brien at the nearby Doyon gold mill. The mill is part of IAMGOLD’s Doyon-Westwood mine complex located just 21 kilometres west of O’Brien directly accessible along Trans-Canada Highway 117.
- Resource Estimate: As of March 2, 2023, the project boasts indicated resources of 1,517,000 tons grading 10.26 g/t gold (501,000 ounces) and inferred resources of 1,601,000 tons grading 8.66 g/t gold (446,000 ounces) at a 4.5 g/t gold cut-off.
- Infrastructure: Proximity to five potential custom milling facilities within 75 km enhances project economics.
2025 Outlook and Exploration & Development Plans
Radisson Mining Resources has released its 2025 outlook and detailed exploration and development plans for the O’Brien gold project in Québec.
Key Highlights:
- Exploration Drilling: A 22,000-metre drilling program is planned to expand known mineralization below existing resources. This follows significant 2024 results, including 242 g/t gold over 1 metre at 1,500 metres depth.
- Surface Exploration: Initiatives include surface stripping and trenching to delineate the extension of the historic "Jewellery Box" zone, recently rediscovered by Radisson drilling.
- Development Studies: Completion of metallurgical studies and milling assessments under an MOU with IAMGOLD is anticipated, focusing on processing at the nearby Doyon mill. A preliminary economic assessment( PEA) is planned upon successful completion of these studies.
- Environmental and Community Engagement: Increased focus on baseline environmental studies and community engagement is planned as the project advances toward potential development.
- The 2025 exploration budget is approximately C$6.8 million, fully funded from Radisson's existing treasury.
Leadership and Expertise
Radisson Mining Resources is led by a team of experienced professionals with extensive backgrounds in mining exploration, development, and operations.
Management Team
Matt Manson -President, Chief Executive Officer, and Director
Matt Manson has over 30 years of international mining experience, including leadership roles in developing the Valentine gold project and the Renard Diamond mine.
Hubert Parent-Bouchard - Chief Financial Officer
Hubert Parent-Bouchard joined Radisson in 2014, bringing expertise in corporate finance and strategic planning.
Kristina Pillon - Manager of Investor Relations
Kristina Pillon brings 15 years of experience in capital markets focused primarily in the resource sector.
Dave Ross - Vice President, Exploration
Dave Ross is a professional geologist with 25 years of experience in mineral resource estimation and the exploration of structurally hosted gold deposits.
Board of Directors
Pierre Beaudoin - Chairman of the Board & ESG Committee Member
Pierre Beaudoin is a seasoned mining executive with over 30 years of international experience in operations, project development and mineral processing.
Peter MacPhail - Director
Peter MacPhail has over 35 years of operational mining experience in Canada, Mexico and Australia, including leadership roles at Alamos Gold.
Michael Gentile - Director, Strategic Advisor & Audit Committee Member
Michael Gentile is a former professional money manager with extensive experience in the mining and natural resource sectors.
Jeff Swinoga - Director & Audit Committee Chair
Jeff Swinoga is a highly accomplished mining executive with over 25 years of mining industry experience in the areas of capital markets, project advancement, development and project construction.
Cindy Valence - Director & ESG Committee Chair
Cindy Valence, MBA, is an experienced manager with over 20 years of experience, having held senior management level positions, including as executive vice-president and chief sustainability officer at Sayona Mining.
Lise Chénard - Director, ESG Committee Member & Audit Committee Member
Lise Chénard is a professional engineer with over 40 years of experience in mining geology (gold, copper, zinc) in Quebec and internationally. Her expertise extends to mining operations, management and technical supervision, resource and reserve audits, and technical studies of mining projects.
Sustainability and Community Engagement
Radisson Mining Resources is committed to responsible exploration and sustainable development. The company actively engages with local communities and stakeholders to ensure its projects deliver long-term value while minimizing environmental impact.
Advancing Towards Value Creation
With a clear vision to expand its high-grade gold resources and unlock exploration upside, Radisson Mining Resources is well-positioned to deliver value to its shareholders. The combination of world-class assets, robust exploration programs, and experienced leadership underscores Radisson's commitment to becoming a leading gold exploration company in Quebec.
For more information, visitwww.radissonmining.com.
Providence Gold Mines Inc. Announces Extension of Private Placement
January 16, 2025 TheNewswire - (TSX-V: PHD) ( OTC: PRRVF ) Providence Gold Mines Inc. (the "Company") announces that it has received an extension from the TSX Venture Exchange ("TSX-V") with respect to the duration of its previously announced private placement (the "Private Placement") (please see the Company's press releases dated November 20, 2024 and December 6, 2024). The outside date upon which final acceptance of the Private Placement will be granted by the TSX-V has been extended by 30 days. While the Company has closed a first tranche of the private placement it applied for an extension to January 28, 2025.
As previously announced the private placement of up to $1,700,000 Cdn for 34,000,000 units at $0.05 per unit. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.
The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts and as well as an area north of the Mexican shaft where significant ground preparation provides a favorable structural setting for hanging wall splay veins analogous to the historical "Bonanza" stope at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, "exploration efforts have modelled potential for robust significant high grade gold targets".
All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.
Qualified Person
Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release
ON BEHALF OF THE BOARD
"Ronald Coombes"
Ronald Coombes, President & CEO
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Athena Gold Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects