Ashley Gold Corp. Concludes Phase III Program, Shares Visuals, Provides Prospecting Update
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Concludes Phase III Program, Shares Visuals, Provides
Prospecting Update
CALGARY, ALBERTA - August 11, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”)
is pleased to share visuals relating to the concluded Phase III program.
President Noah Komavli; “Phase III has the potential to be our most impactful program yet, with drill data
expanding our model of the broader area around the 67Z. The eastern horizon of the 67Z became a focal point of
the campaign due to positive visuals. As a result of meterage expenditure along the strike and within the vicinity
of the 67Z, NTZ drilling was placed on hold for a future campaign. The Company views this as a positive and
calculated move to ensure idle drill move time was minimized during Phase III, with potential to follow-up on the
NTZ in a future campaign. Concurrent to drilling, prospecting has revealed yet another compelling target, with
additional grab samples now pending.”
About Phase III
- 7 holes completed in the resistive body of the Tak QFP,
- 3 holes West of the 67Z, 1 hole stepped North of the TAK-26-07 collar, 3 holes East of the 67Z,
- Additional prospecting based off of IP data in the chargeability high, Northwest of the NTZ has
uncovered a Gossan Zone.
Positioning
- 4 Phase II holes remain pending, updates expected in the weeks to come,
- 7 holes from Phase III undergoing geological logging, cutting to kick off shortly,
- 4 grab samples pending from the newly identified Gossan Zone, 4 from North of 67Z.
Figure 1: Area of Drilling & Prospecting
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Phase III Core Visuals
Figure 2: Example Mineralization in TAK-26-16 (~63.5m)
Figure 3: TAK-26-16 - Potassic Alteration and Carbonate Vein with Example Mineralization on Margin (~68m)
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 4: TAK-26-16 - Example Mineralization (~39m) in Silicified Potassic Altered QFP
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 5: Example Mineralization in TAK-26-16, Quartz-Carbonate Veinlets (“QCV”) and Altered QFP
Figure 6: Example Mineralization in TAK-26-14, Potassic Altered QFP with QCV (~2m before EOH)
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 7: TAK-26-16 - (~64m) Potassic Altered QFP with QCV and Sulphides
Figure 8: TAK-26-14 - Potassic Altered QFP with QCV and Sulphides (~87m)
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 9: TAK-26-14 - Altered QFP with QCV Stockworks
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 10: Komavli (Left) & Kuran (Right) During Phase III Drilling - Holding Interval of TAK-26-12 - Buff Beige
Altered QFP with QCV, Possible Magnetite (~96m)
Chargeability High IP Model & Prospecting
During Phase III drilling, Prospector William Kuran ground truthed a chargeability anomaly that was
modelled to break the surface Northwest of the NTZ.
Clearing a thin layer of overburden uncovered a gossan zone. Gossans are intensely weathered, oxidized,
or decomposed upper caps of mineral systems. It forms when subsurface sulfide minerals (like pyrite or
chalcopyrite) react with air and water, leaving behind a rusty, bright red, orange, or yellow surface stain
rich in iron oxides, hydroxides, and quartz.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
The Company awaits grab assay results, beginning with 1A2 fire assay for gold values, to be followed
by ICP-MS for a multi-element analysis suite.
Figure 11: IP Model Used to Find Gossan Zone