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Ashley Gold Confirms Presence of Significant Silver Mineralization at Burnthut with up to 115 g/t Ag with 23 g/t Au
Calgary, Alberta – TheNewswire - September 24, 2024 - Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the “Company”) has followed up 2023 sampling with multi-mineral
About this update from Ashley Gold Corp.
[{"type":"text","content":"Calgary, Alberta – TheNewswire - September 24, 2024 - Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the “Company”) has followed up 2023 sampling with multi-mineral assays to determine presence of Silver in the system. Results were positive with samples up to 115 g/t (4.0 oz/t) Silver. These new assays show the repeatability of the 2023 gold assays and that significant silver is present in the system to bolster these high-grade gold samples Darcy Christian, CEO of Ashley comments “These assays give me additional confidence that the Burnthut property has strong potential for commercial quantities of precious metals. We have identified multiple surficial veins that will be tested at depth with our drill programs. Lastly low arsenic values indicate low arsenopyrite which can be a problem both environmentally and for gold recovery. I am excited to see what this drill program will uncover for Ashley.” Summer 2024 Multi-Mineral Analysis Sampling and Geology Eleven samples were taken at areas of known mineralization and tested for several elements including gold, silver, and arsenic. Generally silver assay grades increase with gold assay grades. Six of the eleven samples revealed silver assays above detection with a maximum assay if 115g/t Ag associated with 23.8g/t Au within an Oro-Grande vein sample. Arsenic levels were low across the samples which indicates low arsenopyrite in the system which is positive for any future production and environmental concerns. Table 1 shows the results of the sampling program. Samples 340239 through 340244 represent a 4.5 m wide quartz float debris field which hosts a multitude of quartz veins and stringers of varying widths was recently discovered named Oro Grande West. Parallel stacked quartz veins up to 0.35 metres in width (some in situ in bedrock) occur in strongly mineralized iron carbonate rich mafic flows of the Central Volcanic Belt. Oro Grande main zone discovered in 2023 was assayed in samples 340245 to 340247. White to grey quartz veins are well mineralized with pyrite in the form of stringers and in coarse clusters of cubic pyrite, along with minor galena, and chalcopyrite.. Close examination has identified an 80m wide corridor area which is marked by competent mafic flows which are subsequently separated by rubble filled are...