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Ashley Gold Expands Land Position at Burnthut Following Strong Initial Drilling Indicators
March 18, 2025 – TheNewswire - Calgary, Alberta – Ashley Gold Corp. (CSE: ASHL) ("Ashley" or the "Company") is pleased to announce that it has secured additiona
About this update from Ashley Gold Corp.
[{"type":"text","content":"March 18, 2025 – TheNewswire - Calgary, Alberta – Ashley Gold Corp. (CSE: ASHL) (\"Ashley\" or the \"Company\") is pleased to announce that it has secured additional mineral claims adjacent to its Burnthut Project, further strengthening its position within this highly prospective gold-bearing trend. The acquisition, from an arm’s-length vendor, consists of 12 continuous claim blocks located northeast of Burnthut along a regional structural corridor that remains underexplored. Darcy Christian, CEO of Ashley Gold, commented: \"The initial visual indicators from our Burnthut drill program have exceeded my expectations. While we await assay results to refine our geological model, we have proactively expanded our land position to capture additional potential along this promising system. These newly acquired claims, which display a strong magnetic signature, suggest the continuation of the Oro Grande system, providing us with an exceptional exploration opportunity at a low acquisition cost.\" \"We look forward to integrating this expansion into our 2025 exploration program and will share further details on our plans in the near future.\" About the Burnthut Drill Program The Burnthut drill program, which concluded in late February 2025, successfully intersected wide zones of mineralization in both completed drill holes. Notably, a potentially new gold-bearing structure, dubbed the Omega Oro Zone, was intercepted ~60 meters below surface, representing an entirely new target not previously identified in surface sampling. Assays from the program are currently pending. The Oro Zone at Burnthut has returned high-grade surface assays of up to 70 g/t Au, hosted within a 20-meter-wide deformation corridor containing multiple mineralized veins. In early 2024, a parallel deformation structure, now named Oro West, was identified 80 meters to the northwest, with samples grading up to 31.9 g/t Au. Figure 1: Burnthut Project, Expanded (Claim Map) Geological Rationale for Expansion The decision to acquire additional claims was driven by early success at Burnthut, which highlighted an opportunity to expand exploration along the Ruby Island Fault and a northeast-trending structural system. This newly consolidated land package enhances Ashley’s ability to test the convergence of a regional-scale system and advance its exploration efforts systematic...