Business
Ashley Gold samples up to 5.8 g/t Au at new Tabor-Sakoose Claims and announces Financing
CALGARY, ALBERTA – TheNewswire - October 23, 2024 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) announces assay results for the additional Tabor
About this update from Ashley Gold Corp.
[{"type":"text","content":"CALGARY, ALBERTA – TheNewswire - October 23, 2024 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) announces assay results for the additional Tabor-Sakoose claims acquired June 19, 2024. New assays confirm historical indications of gold mineralization with elevated gold in all three samples up to 5.8g/t Au. Three historical channel cuts were resampled including a 1m sample over a quartz vein and two 1.5m shoulder samples in the wall rock either side of the vein. These claims have never been drilled. Highlights Historical sampling grading 5.8g/t Au over a 1m chip sample Wall-rock is bleached and silicified with the presence of gold On trend with Tabor deposit with 2023 drill program hitting 5g/t Au over 8m including 41 g/t over 1m Figure 1. Location of New Sakoose Option Claims Darcy Christian, CEO of Ashley comments “We are happy to see that gold mineralization over the new claims is not just limited to the high-grade veins. Alteration and mineralization within the wall-rock shows that this under explored area has the potential to provide gold grades and widths needed for economic deposits. This sample is located almost 2km from our 2023 drill program and adds additional indications for a sizeable strike-length to the Tabor system.” Claim History and Sampling The additional claims are located just east of the Tabor Lease and contain the Star Apple occurrence sampled in 1980 by Sulpetro Metals. It is described in historical reports as a quartz vein in a quartz feldspar porphyry (QFP) and a single sample was taken as chips across 25cm. The historic sample graded 33 g/t Au* and 8.7 g/t Ag* (1.18 oz/t Au* and 0.31 oz/t Ag*). Three samples were taken across the mineralized zone at Star Apple earlier this summer. The central sample was taken across the 1m vein (#340249) utilizing a historical channel likely from Sulpetro. Either side of the vein sample 1.5m (#340248 and #340250) wall rock samples were taken using the same methodology for a total of 4m. The wall rock is defined as a light-green quartz QFP with disseminated pyrite identical to the Tabor mine mineralization over 2km away. Table 1 outlines the results. Sample # Au g/t Sample Width (m) Description 340248 0.10 1.5 Quartz stringer and light green QFP 340249 5.89 1.0 Quartz Vein 340250 0.49 1.5 Li...