Ashley Gold Corp. Announces Ground Prospecting Results from Santa-Maria, Howie, Ontario Projects
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Announces Ground Prospecting
Results from Santa-Maria, Howie, Ontario Projects
CALGARY, ALBERTA - October 7, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to announce that it has received and compiled assay data for its ground
prospecting, previously announced September 16, 2025.
Highlights:
- Early stage prospecting work completed on historic showings at Santa Maria and Lee Lake
South-East
- Anomalous gold values returned, with a high of 7.46 g/t Au from Lee Lake South-East and a
high of 4.65 g/t Au from the Santa Maria 1 pit
- Prospecting on Howie at the new Creek Showing identified another sample above or in-line with
peer cutoffs with anomalous silver values; further re-inforcing bulk tonnage target potential
President Noah Komavli on the assays;
“Grab sampling is selective by nature, but it is nice to see a theme of elevated gold values at the showings,
paired with trace amounts of valuable byproducts, like silver.
Of particular interest is the Santa -Maria and Lee Lake sampling, which confirmed gold in galena. Both
of these occurrences are at a very early stage and will require more detailed follow-up.
At Howie, a multi-element sampling of the channel cuts is underway, and the Howie grab samples taken
have returned silver in addition to elevated gold grades, still above common industry cut-offs.
On the corporate development side, the company has conducted a strategic review and is expected to
announce streamlining efforts in the coming weeks as developments become material.
With a pipeline of results still pending, we look forward to receiving and sharing further values, as they
will directly impact Ashley's next steps.”
Santa-Maria Project
The Lee Lake Southeast occurrence is located in a recently clear cut area, with freshly refurbished logging
roads. It is situated just 800m northeast of the wide, northwest-trending Kawashegamuk Lake shear zone,
and occurs at the eastern margin of an extensive area of intense carbonate alteration [1]. Past small-scale
mining occurred in an open cut within an approximately 20m wide shear zone. Additional quartz veins
were observed along the shear. This target is yet to be drilled and has not been the subject of
geophysical studies.
- 2 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
The Santa-Maria 1 pit is located just North-West of the Lee-Lake occurrence along the same logging road.
Host rock outcrops on either side of the logging road. The Santa-Maria pit was visited, and is mostly filled
or caved in, with two visible quartz veins running into the east side wall. A 12 inch wide quartz vein was
sampled, with trace galena observed in clusters, as well as trace chalcopyrite and pyrite.
Image 1: CEO Darcy Christian in the Santa Maria 1 pit - quartz vein (left)
- 3 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Sample Number Project Area Results (g/t Au) Results (g/t Ag)
346601 Lee Lake SE 7.46 1.00
346605 Santa Maria 1 Pit 4.65 0.70
346604 Santa Maria 1 Pit 4.07 0.90
346603 Santa Maria 1 Pit 2.86 1.10
346602 Lee Lake SE Blast Rock 0.2 NSV
Table 1: Santa-Maria Project Grab Sample Assays
Howie Project
The Creek Showing was first identified in May 2024 during stripping of the Katisha zone, and was
uncovered in part due to an IP survey showing a chargeability high associated with the ground. Sample
346606 returned 0.36 g/t Au from a massive gabbro hosting trace pyrite in cubic form.
At the Twilight Zone, sample 346607 was composed of carbonated fragments (carbonate breccia vein),
containing trace pyrite in silicified grey clasts and a carbonate matrix with trace pyrite.
The results from the Twilight Zone are in line with the channel assay program which returned a weighted
average of 0.624 g/t Au over 22.9 m (announced September 22, 2025), further reinforcing the bulk tonnage
model proposed by the company.
Sample Number Project Area Results (g/t Au) Results (g/t Ag)
346607 Howie - Twilight Zone 0.65 4.10
346606 Howie - Creek Showing 0.36 0.50
Table 2: Howie Project Grab Sample Assays
Project History - Howie Property
May 1987:
Esso Minerals conducts a two year program on Howie (known as Snake Bay). Historic drilling logs from
1987 detail wide zones of mineralization. Assays redacted. (Data Link)
November 2022:
Initial surface prospecting and sampling at Main Katisha Shear Zone yielded assay results up to 52.80
g/t Au, validating the zone’s gold potential. (News Link)
January 2023:
Planned high-resolution drone magnetics survey to target deeper mineralized zones, inspired by Dynasty
Gold’s Thundercloud Project results. (News Link)
- 4 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
April 2024:
Secured exploration permit and Ontario Junior Exploration Program funding, enabling advanced
geophysical surveys and sampling. (News Link)
October 2024:
Completed induced polarization (IP) survey over 2 km of lines to define 2025 drill targets for subsurface
mineralization. (News Link)
March 2025:
Reviewed IP survey data, expanded the project by two claims, and identified new targets along strike for
further exploration. (News Link)
May 2025:
Conducted mechanical stripping, outcrop washing, and channel sampling at Katisha Zone, with channel
cut assay results up to 20.2 g/t Au, confirming continuity of gold mineralization in a 5 -10m-wide
deformation zone. Expanded strike with discovery of 1.6 g/t Au sample based on IP data. (News Link)
September 2025:
Located Snake Bay historic core, channel sampling completed at the Twilight Zone outcrop.
Representative channel values delineate a wide gold bearing corridor, above peer open pit cutoffs. (News
Link)
References
[1] https://www.geologyontario.mines.gov.on.ca/mineral-inventory/MDI52F08NW00012
Quality Control
All samples were collected in the field using a hammer and chisel. Locations were obtained using a
handheld GPS with samples placed in pre -labelled sample bags. Samples were securely transported by
field staff to ActLabs in Dryden, ON for 1A3 Au fire assay . Samples are dried and pulverized with
subsequent random sample size of 5 to 50 grams. The sample is mixed with fire assay fluxes (borax, soda
ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The
mixture is then preheated at 850°C, intermediate 950°C and finish 1060°C with the entire fusion process
lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter
material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould.
The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to
recover the Ag (doré bead) + Au. Au is separated from the Ag in the doré bead by parting with nitric acid.
The resulting gold flake is annealed using a torch. The gold flake remaining is weighed gravimetrically
on a microbalance.
For multi-element assays, the 1E3 package was used from ActLabs. 0.5g of sample is digested with aqua
regia. The sample is cooled and then diluted with deionized water. The samples are then analyzed using
an ICP for the 38 element suite. QC for the digesti on is 15% for each batch, 2 method reagent blanks, 6
in-house controls, 8 sample duplicates and 5 certified reference materials. An additional 20% QC is
performed as part of the instrumental analysis to ensure quality in the areas of instrumental drift.
- 5 -
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 reviewed by Darcy Christian, CEO,
P.Geo., a Qualified Person as defined in National Instrument 43 -101. Mr. Christian is registered as a
Professional Geoscientist with Engineers Geoscientists o f Alberta. Mr. Christian is non -independent of
Ashley Gold Corp.
Some results discussed in this document are historical. Ashley nor the qualified person have performed
sufficient work or data verification of the historical data. 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 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 a 100% o wnership in Tabor -Sakoose, Burnthut,
Howie, Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having three highly
prospective claim packages.
For more information, please refer to the Company’s information available on SEDAR+
(www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, P.Eng, President, Director
C: (647) 567-9840
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
Connect With Ashley:
www.ashleygoldcorp.com
X: https://x.com/AshleyGoldCorp
- 6 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | 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 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 Company’s
documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be
placed on “forward-looking statements.”