Business
Ashley Gold Samples 1.26% Uranium within Historic Portal along the Big Body Trend, Utah
CALGARY, ALBERTA – TheNewswire - July 30, 2024 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) has sampled the historic Ceciliate portal on the Sa
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, ALBERTA – TheNewswire - July 30, 2024 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) has sampled the historic Ceciliate portal on the Sahara Property with a successful assay of 1.26% eU3O8,50 feet within the underground workings. The Ceciliate Portal is 3.9 kilometers south-southeast of the historic Sahara Portal accessing a historic non-compliant reserve of 500,000lbs of eU3O8*, Ashley’s main resource target. The Ceciliate workings include over 1.2 kilometers of surface bench cuts across the deposit as well as an underground adit and is thought to be directly related to the Big Body deposit located 1.5 km to the north. Historically the Big Body deposit had 118 drillholes completed on it in addition to the over 675 drillholes completed at the Sahara deposit over 2 kilometers to the North. The footprint of defined mineralization at Big Body is equal to that identified at Sahara. HIGHLIGHTS Ceciliate historical workings yield an assay of 1.26% eU Ceciliate has an underground adit and 1.2km of historical bench cut with scintillometer readings of 400-5,000 cps (counts-per-second) Surface scintillometer readings may be low due to meteoric (freshwater) leaching of uranium Ceciliate located 1.5 km updip from the Big Body deposit drilled by Energy Fuels in the 80’s 500,000 lb eU* historical reserve with internal modeling suggesting 2,000,000lb eU* at Sahara Mine across 1km by 400m channel Big body trend 1.5 km by 400m; Acerson trend 2.5 km by 450m showing similar mineralized potential Company has now outlined three separate channel systems, each with potential for multi-million-pound resources *Historical Assay estimates from drilling report not confirmed Darcy Christian, CEO of Ashley comments “We had initially thought the Ceciliate area was a lower grade bulk tonnage target as scintillometer readings were lower than other areas on the property at 400-5,000 cps however we are now beginning to understand the potential of the Big Body trend. Having potential for a large tonnage target with high-grade mineralization at surface drastically expands our resource potential. Energy Fuels had outlined the Big Body deposit in historical maps however we had yet to source the historic drilling reports to understand its potential. We now are in the process of digitizing ...