Business
Ashley Gold Announces Permit and Commencement of Maiden Drill Program
Highlights Permit granted for up to 1,000m and up to eight holes Access and pad construction crew mobilized Program to test multiple historical intercepted vein
About this update from Ashley Gold Corp.
[{"type":"text","content":"Highlights Permit granted for up to 1,000m and up to eight holes Access and pad construction crew mobilized Program to test multiple historical intercepted veins including 838 g/t Au over 1m described in 1959 drill program August 14, 2023 – TheNewswire - Ashley Gold Corp. (CSE:ASHL) (“Ashley” or the “Company”) is pleased to inform its shareholders that the Tabor Lake drilling permit has been obtained and construction crews are on the ground preparing access, pads, and fluid containment for the drilling permit. Drilling is expected to commence within 3 weeks and management will be heading to site early September for ground exploration. Darcy Christian, President of Ashley, commented, “We are very excited for getting on the ground in preparation of our maiden drill program. I hope that everyone’s patience pays off and we achieve the drilling results that all are hoping for”. Figure 1. Map and 3D visualization of 2023 drill program looking north. Pad Locations and Targets Pad locations were chosen to optimize time drilling and to test the known mineralization at multiple levels above, between, and below the historical workings. North Pad 1 North Pad 1 is located to the east of the shaft and will be used to test the mineralization and structure between the 125ft and 250ft shaft levels. In addition, one hole will be extended to the northeast to confirm an interpreted north-south fault that is thought to offset the Quartz Feldspar Porphyry (QFP). Structural measurements will be taken to understand mineralization and any offsets of veins. North Pad 2 North Pad 2 is located west of the shaft and will be used to test the shallow potential above the 125ft level. Historically, a surface bulk sample of 77 tons was obtained yielding an average of 17g/t Au*. No drilling has occurred in this shallow section to date so it will be an important data point for understanding the mineralization near surface. South Pad 1 South Pad 1 is located southwest of the shaft and will be used to test mineralization and structure below the 250ft level. #8 DDH drilled in 1958 intersected additional parallel gold bearing veins with excellent historical assays of 838g/t Au over 1m and 60g/t Au over 1m. It is our intent to confirm these parallel veins from the South Pad. The acquisiti...