Ashley Gold Corp. Intercepts 0.53 g/t Au over 24m in Howie Maiden Drilling
FOR
IMMEDIATE
RELEASE
Ashley
Gold
Corp.
Intercepts
0.53
g/t
Au
over
24m
in
Howie
Maiden
Drilling
CALGARY,
ALBERTA
-
March
19,
2026
-
Ashley
Gold
Corp.
(CSE:
“ASHL”)
(“
Ashley
”
or
the
“
Company
”)
is
pleased
to
announce
that
a
gold
bearing
zone
has
been
discovered
on
its
100%
owned
(no
NSR),
Howie
Project,
which
borders
Dynasty
Gold’s
Pelham
deposit.
President
Noah
Komavli;
“
Our
maiden
Howie
drill
campaign
has
delivered
results,
with
assays
revealing
near
surface
gold
grades
typical
of
bulk
tonnage
systems
on
just
~400m
of
drilling.
This
follows
from
our
surface
channels
in
the
summer
of
2025,
which
revealed
similar
weighted
average
grades
southeast
of
the
drilled
area.
This
discovery
is
significant
-
the
gold
grades
are
associated
to
a
hydrothermal
breccia
system,
unmapped
on
the
surface.
Unfortunately,
this
hole
terminated
in
mineralization
above
cut-off
thresholds
of
0.3
g/t
Au.
A
follow
up
hole
would
be
required
to
get
a
true
width
of
the
mineralized
zone.
Our
near-term
focus
remains
on
exploring
the
Tak
Patents
of
the
Burnthut
Project,
with
the
Howie
claims
in
good
standing
for
a
number
of
years.
Follow
up
work
can
occur
as
capital
allows,
with
road
access
and
permits
in
good
standing.
”
HL-25-01:
Image
1:
HL-25-01
Zone
of
Interest
-
Carbonate
Breccia
Assaying
0.53
g/t
Au
over
24m
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072| ashleygoldcorp.com
-
2
-
Image
2:
Example
Section
of
the
Brecciated
Zone
Howie
Project
Prior
to
the
start
of
2026,
the
Company
executed
a
small
4
hole
campaign
designed
to
test
the
Twilight-Gap
anomaly.
Readers
can
recall
that
each
of
the
4
holes
returned
varying
lithologies.
HL-25-01
delivered
the
headlines
result,
drilled
on
the
edge
of
the
chargeable
and
resistive
body.
The
other
holes
returned
trace
values
of
gold
and
provided
valuable
data
collection
on
lithologies
in
the
area.
Over
the
spring
and
summer,
the
company
executed
a
small
stripping
campaign
on
the
Main
Katisha
Zone,
channeling
a
high
of
20.2
g/t
Au
over
0.8m
(May
26,
2025).
Later,
the
company
channeled
the
Twilight
Zone,
returning
a
weighted
average
of
0.624
g/t
Au
over
22.9m
(September
22,
2025).
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
3
-
In
early
fall,
the
historic
core
from
1987
was
located,
cut
and
assayed,
returning
0.33
g/t
Au
over
25.74m
in
proximity
to
the
Twilight
Zone
(October
14,
2025).
Due
to
the
complex
mineralization
and
widespread
gold
occurrences,
the
company
proposed
a
low
cost
drill
program
for
additional
data
collection
using
oriented
core.
The
targets
were
selected
using
the
IP
survey
data
commissioned
in
2024,
with
results
received
in
2025.
The
2025
drill
program
probed
the
highest
gold
index,
along
a
trend
of
coinciding
chargeability
and
resistivity,
now
dubbed
the
“Twilight-Gap
Zone”.
Core
will
be
securely
transported
to
Ashley’s
shipping
container
for
storage.
Sections
of
the
core
that
were
not
assayed
will
be
reviewed
by
members
of
the
team
following
the
Tak
drilling.
Table
1:
Assay
Results
in
Interval
of
Interest
-
HL-25-01
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
4
-
Image
3:
Drill
Locations
(HL-25-01)
Project
History
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
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
5
-
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
the
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.
December
2025:
Drilled
400m
of
exploratory
holes,
intercepting
0.53
g/t
Au
over
24m.
Quality
Assurance
/
Quality
Control
All
samples
were
halved
with
a
wet
saw.
Samples
were
then
placed
in
pre-labelled
sample
bags.
Samples
were
securely
couriered
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
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
6
-
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.
NI
43-101
Disclosure
The
technical
information
in
this
news
release
was
prepared
and
reviewed
by
Shannon
Baird,
P.Geo.,
a
Qualified
Person
as
defined
in
National
Instrument
43-101.
Mr.
Baird
is
Exploration
Manager
of
Ashley
Gold
Corp.
and
registered
as
a
Professional
Geoscientist
with
the
Professional
Geoscientists
of
BC
and
Ontario.
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.
*Grab
samples
are
selective
in
nature
and
may
not
represent
true
underlying
mineralization.
ABOUT
ASHLEY
GOLD
CORP.
Ashley
Gold
Corp.
is
a
Canadian
mineral
exploration
company
focused
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%
ownership
in
Santa-Maria,
Burnthut,
Howie,
Alto-Gardnar
claims
as
well
as
in
British
Columbia
with
the
Icefield
Portfolio
having
two
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
E:
X:
KKomavli
-Or-
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
7
-
Darcy
Christian,
P.Geo,
CEO
C:
(587)
777-9072
E:
Connect
With
Ashley:
www.ashleygoldcorp.com
X:
https://x.com/AshleyGoldCorp
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)
(www.sedarplus.ca).
Undue
reliance
should
not
be
placed
on
“forward-looking
statements.”
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com