Ashley Gold Corp. Provides 2025 Fall Exploration Update for British Columbia, Advances High-Grade Polymetallic Assets, Engages Dahrouge Geological Consulting Ltd.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
September 11, 2025
Ashley Gold Corp. Provides 2025 Fall Exploration Update for British Columbia,
Advances High-Grade Polymetallic Assets, Engages Dahrouge Geological
Consulting Ltd.
September 11, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to
announce that it has retained Dahrouge Geological Consulting Ltd. (“DG”) of Edmonton, Alberta to
undertake a fall exploration program at the company's Gold Mountain Project, British Columbia.
President Noah Komavli on the forthcoming exploration program;
“Ashley Gold’s team is busily advancing drill plans and core cutting considerations in Dryden, Ontario.
I am also very happy to announce Ashley has retained Dahrouge Geological Consulting Ltd, a leading
consulting firm in the minerals industry – who have a long track record of discoveries. We look forward
to their taking on the management of the Company’s British Columbia exploration assets.
With a Notice of Work (“NOW”) submitted by the prior claim operator for diamond drilling, this Project
is sufficiently advanced for the next stage of exploration.
While the NOW process is ongoing, Dahrouge Geological will undertake further surface sampling to
ensure proper target selection for future drill programs, while expanding our knowledge of the 500m
mineralized strike length and recently staked claims, which remain unexplored.
The Gold Mountain project is one of three projects that comprise the Icefield Portfolio. Sporadic historical
exploration has returned exceptional results, validated by modern data, with peak silver grades of up to
6,670 g/t reported from a grab sample”.
Gold Mountain
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)
o 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)
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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o 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, identified a 1 m wide quartz vein, which returned a grab sample of 4.87 g/t A u,
710 g/t Ag and 1.89% Cu indicating a rich polymetallic presence (Allen, 1982). Together, these showings
form a mineralized corridor that remains open at both ends.
Eight shallow backpack style drill holes were completed in 1984 (Parr, 1984), though poor recoveries
were noted, results include:
• 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb
• 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11% Cu, and 14.53% Pb
Samples collected in 2020 and 2021 confirmed the high-grade mineralization at both the North and South
Showings, with five samples returning from 1,000 to 6,670 g/t Ag, and eight samples returning from 1,260
to 8,220 ppm Sb.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 1: Historical work overview on Gold Mountain Property
Recent claim additions opened a path for expanded exploration aimed at uncovering the full extent of
mineralization along this trend.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
NI 43-101 Disclosure
The technical information in this news release was prepared and/or reviewed by Nathan Schmidt., P.Geo.,
a Qualified Person as defined in National Instrument 43-101. Mr. Schmidt is registered as a Professional
Geoscientist with Engineers Geoscientists of Br itish Columbia (#48336) and an employee of Dahrouge
Geological Consulting Ltd. (Permit to Practice #1003035).
Some results discussed in this document are historical. Pegasus Resources nor the qualified person have
performed sufficient work or data verification of the historical data. Historical Ag and Au results from
Gold Mountain were presented in original docume ntation as troy oz/short ton and were converted to g/t
using conversion of 34.28. Although the historical results may not be reliable, the Company nevertheless
believes that they provide an indication of the Project's potential and are relevant for any future exploration
program.
Management cautions that grab samples are selective in nature, and the assay results may not necessarily represent
true underlying mineralization.
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 -Sakoose, Howie, Alto -
Gardnar
● 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
X: KKomavli
-Or-
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
Connect With Ashley:
www.ashleygoldcorp.com
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 u ncertainties. 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 Compa ny’s documents filed on SEDAR+
(www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”