Calgary, Alberta – TheNewswire - July 11, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce receipt of assays from a ground sampling and mapping program, announced June 6th, 2025. The majority of work was focused on the recently acquired Brockman claims (“Sakoose South”), but also located a new outcrop in a clear cut area between Tabor and Sakoose, dubbed the “Black Fly”.
Highlights:
Brockman Assay Results: Five grab samples from Brockman workings (shaft and trench) yielded gold assays from 1.39 g/t to 28.9 g/t (average 10.724 g/t Au). Vein strikes north, with grey to blue quartz.
Copeland Occurrence: A 3-5 m wide iron carbonate-rich felsic dyke with abundant pyrite traced for 50 m, returning up to 130 ppb Au.
Tabor Area Prospecting: Clear-cut area between Tabor Lake Shaft and Sakoose Mine revealed a 30 m wide deformation zone in QFP with intense silicification, iron carbonate, and fuchsite alteration. A 5-10 m wide zone with quartz carbonate stockworks returned up to 190 ppb Au.
Future Potential: All three past producers (Brockman, Tabor, Sakoose) remain open at depth, offering drill-ready targets. Tabor is permitted for diamond drilling, with ongoing efforts to permit other sites.
Figure 1: Tabor/Sakoose, Brockman Results
President Noah Komavli on the program; “The 100% ownership of the Brockman claims ties together our district scale package at Tabor and Sakoose. With high grade gold values remaining in the Brockman trench, the site shows that there is still more to discover - a consistent theme in this project area. With small-scale past production at both Tabor, Sakoose and Brockman, as well as untested regional targets such as the SM-1 anomaly in the Tabor claims, this unified project will benefit from our team’s effort to consolidate regional data. The three past producers all remain open and untested at depth - which is low hanging fruit from a drilling perspective, while data compilation can occur simultaneously. Tabor remains permitted for diamond drilling, with our team diligently working to advance permitting across our sites at key occurrences.”
Program Results
|
Sample # |
Sample Description |
Sample Type |
Result (g/t Au) |
|
346524 |
Brockman Trench #2, grey quartz |
Grab |
28.9 |
|
346525 |
Brockman Trench #2, grey quartz |
Grab |
10.9 |
|
346523 |
Brockman shaft area, blue grey quartz |
Grab |
9.62 |
|
346522 |
Brockman shaft area, blue grey quartz |
Grab |
2.81 |
|
346521 |
Brockman shaft area, blue grey quartz |
Grab |
1.39 |
|
346519 |
Blackfly - Quartz Carbonate Stockwork Zone in QFP, Heavy ankerite, fuchsite |
Grab |
0.19 |
Table 1: Assay Results and Description
Brockman Cut
A total of 5 samples were collected from the Brockman workings, 3 from the shaft area and 2 from trench, which is 30 m south of the shaft area. Both the shaft and trench are filled in with wall rock rubble. The Brockman vein strikes slightly west of due north (340 degrees) and is composed of grey to blue quartz. Assays ranged from 1.4 g/t Au to a high of 28.9 g/t Au. The host mafic rock trends at 220 degrees.
Figure 02: Brockman Cut Looking South
Figure 03: Brockman Vein in Cut Looking North
An area near to the historic Copeland Occurrence hosted a 3-5 m wide iron carbonate rich felsic dyke that is well mineralized with visually abundant fine disseminated py, trace cpy and trace sph. This felsic dyke was traced for approximately 50 m along a north south strike.
Figure 04: Copeland Area Felsic Dike
Tabor Area
Prospecting was carried out in a recent clear-cut area located midway between the Tabor Lake Shaft and the Sakoose Mine workings. Traverses were made in a north to south fashion as to prospect perpendicular to the east west trending lithologies. Numerous alternating QFP and mafic units (basalts, gabbro, mafic flows) are present. A wide deformation zone up to 30 m in width in a pale grey to apple green QFP unit crosses the logging road approximately 300 m due south of the Tabor Lake Rd. The deformation zone was followed to the west with increasing pyrite content and silicification along with a pronounced increase in iron carbonate and fuchsite alteration.
At a point approximately 60 m west of the new logging road, a 5-10 m wide zone displays intense ankeritic alteration and abundant fuchsite giving the fresh rock a true apple green appearance. The intensely silicified zone hosts a crudely developed stockworks of quartz carbonate veins up to 6 inches in width. It appears the zone may be on contact with a gabbro to the north and south. In places the smaller mm sized quartz veins contain trace amounts of py, and a marked increase in py content at the vein and wall rock margins giving this area a grey silicified banded appearance. The zone has been traced for 25 m to the west to a point where it dips under overburden.
Figure 05: Blackfly Showing - Looking Due East, Altered QFP (Right) with Quartz Carbonate Stockworks Veining on Contact with Gabbro (Left) to the North. Grab sample returned 0.19 g/t Au.
*Grab samples are selective samples, and the assay results may not necessarily represent true underlying mineralization.
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy Christian, P.Geo., CEO of Ashley, who is a Qualified Person as defined by NI 43-101.
About Ashley Gold Corp.
Ashley Gold Corp. is a focused exploration company targeting high-potential gold and polymetallic deposits in Canada’s top mining regions. We aim to deliver strong returns for shareholders through smart exploration and strategic growth.
Our Assets
• Ontario (Dryden Area): 100% ownership in Burnthut, Tabor, Howie, Alto-Gardnar, plus an option on Sakoose claims.
• British Columbia: Icefield Portfolio with three promising claim packages.
For more information, visit: www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, President, Director
C: (647) 567-9840
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Connect With Ashley:
X: https://x.com/AshleyGoldCorp
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.”
