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Ashley Gold Acquires Additional Claims at Tabor with Historical Sample of 33g/t Au*
CALGARY, ALBERTA, June 19, 2024 – TheNewswire – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) announces the addition of four claims to the Sakoose
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, ALBERTA, June 19, 2024 – TheNewswire – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) announces the addition of four claims to the Sakoose Option Agreement just east of the Tabor Lease. These claims have never been drilled however a high-grade surface sample was acquired in 1980 grading 33 g/t Au*. In addition the Company is happy to report a safe conclusion to the field acquisition of the Howie Gradient IP Survey with data expected next month. Highlights Historical sampling grading 33g/t Au* on new claims On trend with Tabor deposit with 2023 drill program hitting 5g/t Au over 8m including 41 g/t over 1m Completion of Howie Gradient IP survey with data expected July *Historical sample non-43-101 compliant Darcy Christian, CEO of Ashley comments “These new claims show a similar high-grade quartz vein hosted in a Quartz Feldspar Porphyry as seen at the Tabor deposit and we are excited to get out and confirm the historical results. This sample is located almost 2km from our 2023 drill program and adds additional indications for a sizeable strike-length to the Tabor system. Also, the data acquisition at Howie went excellent with no environmental or personnel issues. We look forward to the processed data next month.” Figure 1. Location of New Sakoose Option Claims About the Additional Claims The additional claims are located just east of the Tabor Lease and contain the Star Apple occurrence sampled in 1980 by Sulpetro Metals in 1980. It is described in historical reports as a quartz vein in a QFP and a single sample was taken as chips across 25cm. The historic sample graded 33 g/t Au* and 8.7 g/t Ag* (1.18 oz/t Au* and 0.31 oz/t Ag*). The Tabor vein is also hosted in QFP located on trend with the Star Apple occurrence and is likely the same system to be confirmed by 2024 field work. The claims were added into the Sakoose Option as an amendment and will have the same terms and conditions as the original Sakoose claims. A cash consideration of $1,250 was paid to the optionors to add to amendment. Terms of Original Option Agreement are as follows: $8,000 cash payment and 200,000 shares on execution of agreement stAnniversary – $12,000 cash payment nd Anniversary – $18,000 cash payment rd Anniversary – $30,000 cash p...