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Ashley Gold Confirms Surface Mineralization at Depth with over 65 Metre Gold Mineralized Zone at Burnthut
CALGARY, ALBERTA – TheNewswire - May 6, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce assay results from the 2025 di
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, ALBERTA – TheNewswire - May 6, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce assay results from the 2025 diamond drilling program at the Burnthut Project, located in Ontario. The program targeted the newly discovered Alpha and Omega zones, as well as the Oro Grande, and Oro Grande West zones, intersecting significant high-grade gold mineralization close to the surface. These results highlight near surface mineralization that will require follow up. Highlights: BH-25-001 intersected 66.10m of gold mineralization from 38.90m including two previously unidentified zones Oro-Grande and Oro-Grande West intersected at depth with assays as high as 5.96 g/t Au 1984 EM VLF anomalies strengthen away from drilling location and will be focus in 2025 Darcy Christian, CEO of Ashley comments; “These early results are very promising and show a continuity of a mineralized corridor with higher grade zones adjacent to additional broader alteration suggesting significant fluid movement through the system. Gold grades in Oro-west look to increase inland coinciding with a strengthening VLF anomaly which is 400m to the west of drilling. This area will be the focus of our summer program to identify any additional surficial in preparation for a larger scale drill program to better understand the potential variability of the high-grade mineralization. Assay Highlights Hole ID From (m) To (m) Interval (m) Au (g/t) Zone BH-25-001 38.90 105.00 66.10 0.16 Alpha-Omega-Oro Grande West Including 47.90 49.90 2.00 3.26 Alpha Including 96.00 96.30 0.30 2.12 Oro Grande West BH-25-002 81.70 89.90 8.20 0.60 Oro Grande West Including 84.00 84.75 0.75 5.96 Table Figure-2 Cross-section along BH-25 drill program Discussion The 2025 drill program was designed to test the Oro-west and Oro-grande surface outcrops in addition to any additional parallel structures not identified at surface. The Oro-West was intersected at ~75m true vertical depth (TVD) and the Oro-Grande was intersected at approximately 125mTVD. Both zones assayed lower grades than seen in surface outcrops. Additional drilling density is needed to understand whether grade discrepancy is depth related or due to typical variability seen in vein hosted gold systems. Two additional zones dubbed Alpha and Omega were...