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Ashley Gold Provides BC Update - Posts Bond for Gold Mountain Project
Calgary, Alberta – February 5, 2026 – TheNewswire - Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the “Company”) announces that the Company has posted a bond for t
About this update from Ashley Gold Corp.
[{"type":"text","content":"Calgary, Alberta – February 5, 2026 – TheNewswire - Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the “Company”) announces that the Company has posted a bond for the Gold Mountain Project. President Noah Komavli; “Ashley has reached one of the final steps in the permitting process for our Gold Mountain polymetallic project. Vertebrae Ridge has had a NoW submitted and is in the Government review process. With Ashley’s near term focus on the Dryden Area - specifically on the Tak Patents - a variety of strategic alternatives exist to streamline our operations if needed, with a focus on value creation for the company and shareholders.” Gold Mountain, BC Gold Mountain is an early staged gold-silver project, located about 50 km northwest of Golden, British Columbia. The project consists of four claims covering approximately 1,863 ha. Highlights include: North Showing: Grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu Allen, 1982 South Showing: Peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu Allen, 1982 1984 Drilling Parr, 1984: Notable intervals include: 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb (Drillhole A) 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb (Drillhole B) 2020-2021 Exploration: A Ag-Au-Pb-Zn-Cu-Sb mineralized system at Gold Mountain identified (see January 13, 2021 and January 4, 2022 news releases) Five samples returning 1,000 to 6,670 g/t Ag Eight samples returning 1,260 to 8,220 ppm Sb The Property’s mineral-rich history dates back to the 1930s and includes impressive showings of gold, silver, copper, and lead within a trend that spans over 600 meters. Past work has revealed high-grade values across two primary showings, North and South, which are separated by approximately 450 meters of talus—a zone where mineralized boulders suggest continuity of mineralization between the two showings. The South Showing covers an area of 160 by 50 meters and features five vein exposures in multiple trenches, where high-grade mineralization has previously been sampled, including values up to 30.3 g/t Au, 13,301 g/t Ag and 32.54% Cu (Allen, 1982). These veins trend toward the North Showing, which has been partially exposed by a shallow open cut and an old adit. Exploration during 1982 at the North Showing, near the adit, ide...