CALGARY, ALBERTA - Ashley Gold Corp. (CSE: 'ASHL') ('Ashley' or the 'Company') is pleased to provide visuals from its TAK-26-08 hole.
Highlights
Hole submitted to ActLabs Dryden, on Friday June 26, 2026, 112 samples
31 prospecting samples pending west of the high-grade grab samples (398 g/t Au, 152 g/t Au).
President Noah Komavli: 'Having been on site and reviewed the core in person, in my view, this is the best hole drilled to date on the property. I look forward to full assays and follow up next steps.'
Core Visuals
This first northern hole in the 67Z has provided excellent information. The 67Z represents an intense alteration zone located at or near the contact with a sulphide-rich quartz-eye porphyry and lies along the southern flank of a large chargeability body. The hole collared in the resistive portion of the quartz-feldspar porphyry and drilled through a wide zone of potassic material with varying degrees of alteration, silicification and sulphide content, with the most significant results focused on the interval from approximately 21 m to 67 m. TAK-26-08 exits the resistive body and intercepts a quartz-eye structure associated with the sulphide-rich quartz-eye porphyry, then trends into what appears to be the halo of the chargeability anomaly. The NTZ lies along the northern contact of the chargeability body, with 31 samples taken from and along strike to the southwest of the NTZ. The hole concluded at 128 m.
Exploration Zones
D99Z
In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker 'D99Z'. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.
67Z
Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title '67Z' by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip.
NTZ
The Northern Trench Zone ('NTZ') comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. Phase 3 drilling will allocate some meterage to test these zones with no historic drill records.
Tak History
January 1940s - Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI.
1980 - Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI.
1998-1999 - Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100-29,790 ppb Au), and drilled 10 DDH (1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57-35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI.
2002 - Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (1,209 m) on the Tak Grid; outlined gold mineralization over 350 m strike length to 100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report.
January 6, 2026 - Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, 100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M).
February 10, 2026 - Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes.
March 14, 2026 - Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex.
April 2-10, 2026 - Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions.
April-May 2026 - Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.
May 14, 2026 - Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval.
May 20, 2026 - Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.
June 4, 2026 - Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.
ABOUT ASHLEY GOLD CORP.
Ashley Gold Corp. is a Canadian mineral exploration company focussed on acquiring and developing highly prospective gold and polymetallic deposits in Canada's top mining regions. The Company's flagship assets are in the Dryden Area in Ontario with 100% ownership in Burnthut (and the Tak Patents), Howie, Alto-Gardnar claims. In British Columbia, the Company has optioned out the Icefield Portfolio, which includes two highly prospective claim packages.
Contact:
Noah J. Komavli
Tel: (647) 567-9840
Email: [email protected]
Darcy Christian
Tel: (587) 777-9072
Email: [email protected]
Web: www.ashleygoldcorp.com
Forward-Looking Statements
This news release includes certain 'forward-looking statements' which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management's expectations. Factors which cause results to differ materially are set out in the Company's documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on 'forward-looking statements.'
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