Ashley Gold Corp. Expands Land Position at Burnthut Following Strong Initial Drilling Indicators
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
March 18, 2025
Ashley Gold Corp. Expands Land Position at Burnthut Following Strong
Initial Drilling Indicators
March 18, 2025 – Calgary, Alberta – Ashley Gold Corp. (CSE: ASHL) ("Ashley" or the "Company")
is pleased to announce that it has secured additional mineral claims adjacent to its Burnthut Project,
further strengthening its position within this highly prospective gold-bearing trend. The acquisition, from
an arm’s-length vendor, consists of 12 continuous claim blocks located northeast of Burnthut along a
regional structural corridor that remains underexplored.
Darcy Christian, CEO of Ashley Gold, commented:
"The initial visual indicators from our Burnthut drill program have exceeded my expectations. While we
await assay results to refine our geological model, we have proactively expanded our land position to
capture additional potential along this promising system. These newly acquired claims, which display a
strong magnetic signature, suggest the continuation of the Oro Grande system, providing us with an
exceptional exploration opportunity at a low acquisition cost."
"We look forward to integrating this expansion into our 2025 exploration program and will share further
details on our plans in the near future."
About the Burnthut Drill Program
The Burnthut drill program , which concluded in late February 2025 , successfully intersected wide
zones of mineralization in both completed drill holes. Notably, a potentially new gold-bearing structure,
dubbed the Omega Oro Zone, was intercepted ~60 meters below surface, representing an entirely new
target not previously identified in surface sampling. Assays from the program are currently pending.
The Oro Zone at Burnthut has returned high-grade surface assays of up to 70 g/t Au , hosted within a
20-meter-wide deformation corridor containing multiple mineralized veins. In early 2024, a parallel
deformation structure, now named Oro West, was identified 80 meters to the northwest, with samples
grading up to 31.9 g/t Au.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 1: Burnthut Project, Expanded (Claim Map)
Geological Rationale for Expansion
The decision to acquire additional claims was driven by early success at Burnthut, which highlighted
an opportunity to expand exploration along the Ruby Island Fault and a northeast-trending structural
system. This newly consolidated land package enhances Ashley’s ability to test the convergence of a
regional-scale system and advance its exploration efforts systematically.
Terms of the Acquisition
The vendor will receive 200,000 common shares of Ashley Gold, subject to a four-month and
one-day hold period.
The vendor will retain a 1% Net Smelter Royalty (NSR) on the claims, with Ashley holding
the right to repurchase 0.5% for CAD $600,000.
About the Burnthut Drill Program
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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The Burnthut drill program concluded in late February 2025, successfully intersecting wide zones of mineralization
in both holes. Assays are currently pending. A new zone dubbed the Omega Oro was intercepted ~60m below the
surface, previously unidentified at surface.
The Oro zone at surface has returned assays of up to 70 g/t Au within a series of mineralized veins in a wider
deformation zone of up to 20m wide. In 2024 the Oro West zone was discovered 80m to the northwest as a parallel
deformation zone with grades running 31.9 g/t Au
Figure 2: Example Mineralization, Feb. 2025 Drill Program
Burnthut Property
The Burnthut Property is one of Ashley’s promising Dryden Area assets. Sporadic exploration has occurred for
over a century, being kicked off by a 50ft shaft being 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
● 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 sampling
results were achieved up to 59.5 g/t Au from grab samples.
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. Samples from this zone returned grades of up to
31.9 g/t Au.
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+1 587 777 9072 | ashleygoldcorp.com
o The high-grade 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 3: Regional Magnetic Survey Highlighting Structural Contacts
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy Christian,
P.Geo., President of Ashley, who is a Qualified Person as defined by NI 43-101.
About Ashley Gold Corp.
Ashley Gold Corp. is dedicated to discovering the next multi-million-ounce gold deposit through efficient
and innovative exploration. Operating in mining-friendly and politically stable jurisdictions, Ashley
focuses on regions with proven neighboring success stories, creating a clear path toward value generation.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
As one of the first movers in the highly coveted Dryden area of Northwest Ontario, Ashley is strategically
positioned to leverage the region’s rich geological potential. Our mission is to deliver substantive, long-
term value for shareholders by uncovering and advancing world-class gold deposits in one of the most
mining-friendly jurisdictions globally.
For further information, please contact:
Mr. Darcy Christian, P.Geo, President and CEO
(587) 777-9072
https://x.com/AshleyGoldCorp
www.ashleygoldcorp.com
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accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & 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 uncertainties. 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). Undue reliance should not be placed on “forward
looking statements”.