Ashley Gold Corp. Announces Historic Core Assays from Howie Project, ON,Cuts 0.33 g/t Au over 25.74m
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Announces Historic Core Assays from Howie Project, ON,
Cuts 0.33 g/t Au over 25.74m
CALGARY, ALBERTA - October 14, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to announce that it has received assay values for the historic holes submitted for
re-assay.
The historic holes were part of scout drilling completed in 1987 by prior operator Esso Minerals Inc. and
were recently located intact in the Kenora core lab.
Image 1: Twilight Zone - IP Chargeability High and Orientation of Historic Holes
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Highlights:
- SB-03 and SB-01 returned elevated Au values in proximity to the Twilight Zone outcrop
- SB-05 had one box missing at the end of the hole, returning trace values, and SB -11
returned trace values of Au
- SB-05 was drilled south west of the Twilight Zone, and SB-11 was drilled far east
- These historic holes set the stage for next steps, including 1000m of proposed maiden drilling
President Noah Komavli on the results;
“I am excited to share these 38 year old results that were part of Esso Minerals Inc. scout drilling
campaign. The intense, wide zones of sulphide mineralization present in the holes was exciting to see, and
likely caused Esso to return for two back to back years, drilling in 1986 and 1987. The drilling was sparse
and very exploratory in nature, as evidenced by the distance and orientation of the holes in Image 1.
Overall, this effort was extremely cost effective, showing that gold mineralization is present near the
surface and providing the company valuable data that will guide next steps. The assays have unveiled that
main mineralization occurs at the contacts of the host rock in proximity to the Twilight Zone and shows a
stronger correlation West to East like the 2D IP survey has suggested. It also appears that the historic
holes missed the chargeability high present from the IP survey.
This information comes at a perfect time, as Operations Manager Will Kuran and Exploration Manager
Shannon Baird, P.Geo will be on the Howie to assess the complex structural setting.
At this stage of exploration, this data is foundational to our model and can efficiently guide capital
deployment. With our IP survey in hand, the un-drilled area around the Twilight zone is a key target -
which can be approached in a future scout drilling program.
These early results, just like our channel sampling program, hint at bulk tonnage scenarios. Peers in North
Western Ontario such as the Goliath Gold complex have open pit cut -off grades of 0.3 g/t Au [1], or
another example being Rainy River, with an open pit cut off grade of 0.3 g/t Au for low grade
mineralization, with 0.46-0.49 g/t Au cut-off for higher grade mineralization [2].”
Drill Hole From To Length Au
(m) (m) (m) (g/t)
DDH-87-SB-01 51.51 55.18 3.67 0.436
Including 52.12 53.96 1.83 0.678
Including 52.73 53.35 0.62 0.920
DDH-87-SB-03 77.57 103.31 25.74 0.330
Including 77.57 80.01 2.44 1.063
and 92.90 103.31 10.41 0.537
Including 99.64 103.31 3.67 1.097
Including 100.86 102.80 1.94 1.934
Table 1: Historic Esso Drill Core Compilation Composite Highlights
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+1 587 777 9072 | ashleygoldcorp.com
Drill Hole Sample # From To Length Au
(m) (m) (m) (g/t)
DDH-87-SB-01 340051 51.51 52.12 0.61 0.19
DDH-87-SB-01 340052 52.12 52.73 0.61 0.59
DDH-87-SB-01 340053 52.73 53.35 0.62 0.92
DDH-87-SB-01 340054 53.35 53.96 0.61 0.52
DDH-87-SB-01 340055 53.96 54.57 0.61 0.03
DDH-87-SB-01 340056 54.57 55.18 0.61 0.36
DDH-87-SB-01 340057 56.57 57.18 0.61 0.03
DDH-87-SB-01 340058 57.18 57.78 0.60 < 0.03
DDH-87-SB-03 340059 77.57 78.18 0.61 2.68
DDH-87-SB-03 340060 78.18 78.79 0.61 0.39
DDH-87-SB-03 340061 78.79 79.40 0.61 0.56
DDH-87-SB-03 340062 79.40 80.01 0.61 0.62
DDH-87-SB-03 340063 80.01 80.62 0.61 0.10
DDH-87-SB-03 340064 80.62 81.23 0.61 0.03
DDH-87-SB-03 340065 81.23 81.84 0.61 0.06
DDH-87-SB-03 340066 81.84 82.45 0.61 0.03
DDH-87-SB-03 340067 82.45 83.09 0.64 < 0.03
DDH-87-SB-03 340068 83.09 83.70 0.61 < 0.03
DDH-87-SB-03 340069 83.70 84.31 0.61 < 0.03
DDH-87-SB-03 340070 84.31 84.92 0.61 < 0.03
DDH-87-SB-03 340071 84.92 85.53 0.61 0.03
DDH-87-SB-03 340072 85.53 86.14 0.61 < 0.03
DDH-87-SB-03 340073 86.14 86.75 0.61 0.03
DDH-87-SB-03 340074 86.75 87.36 0.61 < 0.03
DDH-87-SB-03 340075 87.36 87.97 0.61 < 0.03
DDH-87-SB-03 340076 87.97 88.61 0.64 < 0.03
DDH-87-SB-03 340077 88.61 89.21 0.61 < 0.03
DDH-87-SB-03 340078 89.21 89.82 0.61 0.03
DDH-87-SB-03 340079 89.82 90.43 0.61 < 0.03
DDH-87-SB-03 340080 90.43 91.04 0.61 < 0.03
DDH-87-SB-03 340081 91.04 91.65 0.61 < 0.03
DDH-87-SB-03 340082 91.65 92.26 0.61 0.03
DDH-87-SB-03 340083 92.26 92.90 0.64 < 0.03
DDH-87-SB-03 340084 92.90 93.51 0.61 0.43
DDH-87-SB-03 340085 93.51 94.12 0.61 < 0.03
DDH-87-SB-03 340086 94.12 94.73 0.61 0.20
DDH-87-SB-03 340087 94.73 95.34 0.61 0.75
DDH-87-SB-03 340088 95.34 95.95 0.61 < 0.03
DDH-87-SB-03 340089 95.95 96.56 0.61 < 0.03
DDH-87-SB-03 340090 96.56 97.17 0.61 0.43
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+1 587 777 9072 | ashleygoldcorp.com
Drill Hole Sample # From To Length Au
(m) (m) (m) (g/t)
DDH-87-SB-03 340091 97.17 97.81 0.64 0.49
DDH-87-SB-03 340092 97.81 98.42 0.61 0.13
DDH-87-SB-03 340093 98.42 99.03 0.61 0.03
DDH-87-SB-03 340094 99.03 99.64 0.61 0.03
DDH-87-SB-03 340095 99.64 100.86 1.22 0.16
DDH-87-SB-03 340096 100.86 102.44 1.58 1.27
DDH-87-SB-03 340097 102.44 102.80 0.35 4.91
DDH-87-SB-03 340098 102.80 103.31 0.51 0.16
DDH-87-SB-05 340099 93.18 93.79 0.61 < 0.03
DDH-87-SB-05 340100 93.79 94.40 0.61 < 0.03
DDH-87-SB-05 340101 94.40 95.04 0.64 0.03
DDH-87-SB-05 340102 95.95 96.56 0.61 < 0.03
DDH-87-SB-05 340103 97.78 98.39 0.61 0.06
DDH-87-SB-05 340104 98.39 99.00 0.61 0.07
DDH-87-SB-05 340105 99.00 99.61 0.61 < 0.03
DDH-87-SB-05 340106 99.61 100.25 0.64 < 0.03
DDH-87-SB-05 340107 101.19 101.80 0.61 0.03
DDH-87-SB-05 340108 101.80 102.41 0.61 0.03
DDH-87-SB-05 340109 102.41 103.02 0.61 < 0.03
DDH-87-SB-05 340110 103.02 103.63 0.61 < 0.03
DDH-87-SB-05 340111 103.63 104.24 0.61 < 0.03
DDH-87-SB-05 340112 104.24 104.85 0.61 0.03
DDH-87-SB-05 340113 104.85 105.46 0.61 0.03
DDH-87-SB-05 340114 105.46 106.07 0.61 < 0.03
DDH-87-SB-05 340115 106.07 106.68 0.61 0.03
DDH-87-SB-11 340116 44.74 45.35 0.61 0.07
DDH-87-SB-11 340117 45.35 45.96 0.61 < 0.03
DDH-87-SB-11 340118 45.96 46.57 0.61 0.03
DDH-87-SB-11 340119 47.79 48.43 0.64 < 0.03
DDH-87-SB-11 340120 48.43 49.07 0.64 < 0.03
DDH-87-SB-11 340121 49.07 49.68 0.61 < 0.03
DDH-87-SB-11 340122 49.68 50.29 0.61 0.03
DDH-87-SB-11 340123 50.29 50.90 0.61 < 0.03
DDH-87-SB-11 340124 51.51 52.12 0.61 0.13
DDH-87-SB-11 340125 52.73 53.34 0.61 < 0.03
DDH-87-SB-11 340126 53.34 53.95 0.61 0.03
DDH-87-SB-11 340127 53.95 54.56 0.61 < 0.03
DDH-87-SB-11 340128 57.61 58.22 0.61 < 0.03
DDH-87-SB-11 340129 58.22 58.83 0.61 < 0.03
DDH-87-SB-11 340130 58.83 59.59 0.76 < 0.03
Table 2: Historic Esso Drill Core Resampling Gold Assays
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+1 587 777 9072 | ashleygoldcorp.com
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Image 2: Historic Esso Core Quarters from 87-SB-03
Image
3: Example Mineralization in Quartered Core
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 4: Example Mineralization in Quartered Core
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
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
April 2024:
Secured exploration permit and Ontario Junior Exploration Program funding, enabling advanced
geophysical surveys and sampling. Junior Mining Network, April 2, 2024
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 historic Esso core, channel sampling completed at the Twilight Zone outcrop. News Link
October 2025:
Assays reveal 0.33 g/t Au over 25.74m from historic hole 87-SB-03, with additional gold in proximity to
the Twilight Zone.
Quality Assurance / Quality Control
All samples were quartered with a wet saw. Samples were then 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