Ashley Gold Completes Burnthut Drill Program Intersecting Multiple Mineralized Zones
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
March 10, 2025
Ashley Gold Completes Burnthut Drill Program Intersecting Multiple Mineralized
Zones
Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce the completion of the
Burnthut drill program with mineralization intersected in both holes. A total depth of ~466m was drilled with core
moved to the core facility for logging and cutting for assays over the next few weeks.
This drill program has been successful in proving the company’s thesis; encountering the Oro Grande and Oro
Grande West structures at depth.
Additionally, a previously unknown system of stockwork veins consisting of silicified tuff with heavy alteration
and sulphide mineralization was encountered near the surface at a depth of 62.8 meters in both holes. This new
zone, dubbed the “Omega Oro”, has promising indications of a mineralization event, displaying cross cutting quartz
stringer stockwork and cubic pyrite throughout, with trace amounts of galena.
Ashley Gold CEO, Darcy Christian, commented:
“The validation and improvement of our geological model with these early results is an exciting moment
for Ashley Gold. With two parallel structures being intercepted at depth, matching the historical VLF
survey, as well as the discovery of what could be a major system, this drill program has surpassed my
expectations.
Of particular interest to me is the Oro Grande West Zone which looks to be a major system coinciding with
historical VLF anomalies from the 1980’s. This conductive anomaly trends for several hundred meters.
This success strengthens our understanding of the Burnthut Project and reinforces our ability to leverage
historical data for modern exploration. Future programs will leverage the geological modelling we are
creating and continue to shed light on what could be a very significant, near surface trend.”
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Omega Oro Stockwork
The Omega Oro Zone was previously unidentified at surface. The zone is a silicified tuff displaying widespread
alteration that was first intersected in BH25-001 from ~63-73m. Quartz stringers from 0.1cm to 4cm are prevalent
across this zone. Quartz stringers and margins are well mineralized with 2-10% pyrite in cubic form, trace galena,
and minor fuchsite. Bleaching at quartz margins is common with grey-green to buff-orange coloration. Quartz vein
coloration is typically smoky grey.
Figure 1: Newly discovered Omega Oro Zone with cross cutting stringers of Quartz and Cubic Pyrite
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Figure 2: Example of a Quartz Vein Stringer and Mineralization in the Omega Oro Zone
Oro Grande West
The Oro Grande West shear zone was approximately 10m in width in BH25-001 and 6m in BH25-002.
This is an altered zone at the tuff-volcanic flow contact with numerous quartz veins from 5-20cm in width.
The majority of the veins in the zone are dark grey in color with coarse cubic pyrite and trace galena.
Fuchsite alteration is common along the vein margins and significant fuchsite alteration is intersected in
the footwall of the main contact fault.
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Figure 3: Oro Grande West Zone Intercept
Figure 4: Example Mineralization within the Oro Grande West Zone
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Figure 5: Example Mineralization within the Oro Grande West Zone
Figure 6: Fuchsite Alteration on the Footwall of the Oro Grande West Zone
Oro Grande Zone
The Oro Grande Zone was intersected at 171m and 151m drill depth in BH25-001 and BH25-002,
respectively (~100m vertical depth) but was better developed in BH25-001. BH25-001 intersected a 1.2m
silicified mafic zone with several smoky grey veins up to 7cm in width. Wall rock inclusions and cubic
pyrite are common in the larger veins.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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Figure 7: Oro Grande Zone at Depth
Figure 8: Example Mineralization in the Oro Grande Zone - 3 inch wide Quartz Vein
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Semi-Massive Sulphide in BH25-002
Of note, a zone of semi-massive sulphides was intersected in BH25-002 at 120m containing up to 40-50%
sulphide content visually interpreted as massive pyrrhotite and chalcopyrite over 0.3m. This and other
samples will be assayed in the future for critical elements such as copper; the results of which may indicate
proximity to an additional mineral system in the area.
Figure 9: Semi-Massive Copper Sulphide discovered in BH25-002
History of the Burnthut Property
The Burnthut Property is one of Ashley Gold’s promising Dryden Area assets. Sporadic exploration has occurred
for over a century, being kicked off by a 50ft shaft sunk in the late 1800’s. Ashley Gold completed many milestones
in 2024, with a discovery, permitting, and funding aimed at testing the system at depth.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
● Property Acquisition:
o Ashley successfully acquired 100% ownership of the Burnthut Property, located southwest of
Sioux Lookout, Ontario, on trend with the Treasury Metals (now NexGold) Goliath-Goldlund
deposit.
● Oro Grande Zone Discovery:
o Fall 2023 sampling led to the discovery of the Oro Grande Zone, where high-grade assay results
up to 59.5 g/t Au from grab samples were achieved.
o The Oro Grande Zone extends for 75 meters on the mainland before trending under cover. This
mineralized zone is now associated with a VLF anomaly that spans 700 meters to the west,
enhancing its potential for further exploration.
● New Parallel Zone (Oro-Grande West):
o A new parallel deformation zone, dubbed Oro Grande West, was discovered in 2024, extending
the strike of the original Oro Grande discovery. Surface samples from this zone returned grades of
up to 31.9 g/t Au.
o The high-grade and parallel nature of the Oro and Oro West zones, along with the expanded strike
length of the Oro Grande system, has positioned Burnthut as a major exploration target for the
company.
o Further VLF anomalies exist across the property and warrant follow up based on the grab sample
values.
Figure 10: Burnthut Pre-drill Cross-section