Ashley Gold Corp. Provides 2025 Fall Exploration Update, Advancing High-Grade Gold Projects in Ontario
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
September 3, 2025
Ashley Gold Corp. Provides 2025 Fall Exploration Update,
Advancing High-Grade Gold Projects in Ontario
Calgary, Alberta – September 3, 2025 – Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the
“Company”), is pleased to provide a comprehensive update to the market relating to its Ontario
exploration assets.
Highlights:
- Channel sample program completed; 32 assays pending
- Discovered the existence of intact, Howie Project drill core from 1987
- Executive team and field team mobilizing to site in second week of September, will view
core and provide an update
President Noah Komavli, “Ashley Gold has been busy behind the scenes since launching our
financing in late July. Phase 1 work was completed on the Howie Project in the third week of
August, samples are now submitted, and assays are pending.
Additionally, William Kuran, Ashley’s Project Manager, has taken excellent initiative, locating
core from a minimum of 4 completed drill holes from the 1987 drill campaign on the Twilight
Zone, our high priority zone of interest.
The core will be cut and half of it will be sent for assay. The results will play an important role in
refining our exploration strategy and guiding the next steps.
Members from our executive team and our field team will be active in the field next week and
have coordinated a viewing of the historic Howie Project diamond drill core. As updates become
available regarding this exciting development, we will share them with the market.”
Phase 1 - Howie Channel Cut Program
The field crew was mobilized in the last week of July for one week and completed activities in
the third week of August, active in the field for a total of two weeks.
During the initial week, washing of the Twilight Zone outcrop occurred, exposing complex
mineralization as well as silicified units at surface. In some areas, Esso’s channel cuts were
noted. During the second week, the cuts were completed and prospecting along the Katisha
road cut and the Creek Showing was completed.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
In total, 32 samples are now submitted to ActLabs in Dryden, Ontario.
- 5 grab samples from the newly identified Creek Showing
- 2 samples from the Katisha area road cut
- 2 grab samples from the Twilight Zone outcrop
- 23 channel samples representing 22.9m of cuts from various lithologies across the true
width of the Twilight Zone outcrop
Figure 01: Twilight Zone - Silicified Sample with Finely Disseminated Pyrite and
Arsenopyrite Observed
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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Figure 02: Twilight Zone - Carbonate Breccia with Fuchsite-Bearing Fragments
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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Figure 03: Twilight Zone - (Left) Newly Exposed, Sulphide Bearing, Silicified Unit | (Right)
Newly Discovered Lense of Mineralized Silicified Gabbro
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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Figure 04: Twilight Zone - Completed Channel Cuts
Phase 1 - Desktop Study
Historic drill logs [1] on the Twilight Zone show broad zones (20 to 30m in width) of sulphide
mineralization associated with carbonate breccia veins along with silicified zones. This
mineralization coincides with the HL-06 anomaly from the modern IP survey Ashley has
completed on a section of the Howie Project (see Figure 6).
Howie Project - Diamond Drill Core
A number of completed diamond core holes from Esso’s campaign [1] are currently stored in
Kenora, Ontario at the Kenora Core Library. This important program, part of an initiative by the
Government of Ontario and the Department of Energy and Mining, looks at retaining the
historical core for future generations and ensures continuity of information.
Presently, Ashley is focused on four Twilight Zone holes. Using the historic logs [1], the
minimum ranges to be viewed by Ashley are noted in Table 1.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
DDH # Range of Interest
DDH-87-SB-01 48m to 65m
DDH-87-SB-03 77m to 102m
DDH-87-SB-05 95m to 124m
DDH-87-SB-11 43m to 59m
Table 01: Drill Hole ID’s and Zones of Interest
Figure 05: Historical Diamond Drill Hole Collar Located During Channel Program
Howie Project
● May 1987:
○ Esso Minerals conducts a two-year program on Howie (known as Snake Bay). Historic
drill logs from 1987 detail wide zones of mineralization, however assays were redacted.
Mining Data Ontario
● 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*. Junior Mining Network,
November 28, 2022
● January 2023:
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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○ Planned high-resolution drone magnetics survey to target deeper mineralized zones,
inspired by the adjacent Dynasty Gold’s Thundercloud Project results. Junior Mining
Network, January 23, 2023
● 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. Ashley Gold Corporation website, October 15, 2024
● March 2025:
○ Reviewed IP survey data, expanded the project by two significant claims, and identified
new targets along strike for further exploration. The Newswire, March 19, 2025
● 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 within a 5-10m-wide deformation zone. Expanded strike length with
discovery of a 1.6 g/t Au sample based on IP data*. Junior Mining Network, May 16,
2025, Junior Mining Network, May 26, 2025
Figure 06: Howie Project Resistivity and Chargeability (Respectively). HL-06 emerges as a
top drill target, with potential width and strike. HL-02, HL-04, and HL-05 also identified
as strong anomalies. Grid expansion recommended in future work program. Phase 1
washing and channels targeted the edge of the mineralized horizon in the Twilight Zone.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
*Grab samples are selective samples, and the assay results may not necessarily represent true underlying
mineralization.
References
[1] https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-
documents/assessment/52F08NW0010/52F08NW0010.Pdf
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy
Christian, P.Geo., CEO of Ashley, who is a Qualified Person as defined by NI 43-101.
About Ashley Gold Corp.
Ashley Gold Corp. is a focused exploration company targeting high-potential gold and polymetallic
deposits in Canada’s top mining regions. We aim to deliver strong returns for shareholders through smart
exploration and strategic growth.
Our Assets
● Ontario (Dryden Area): 100% ownership in Burnthut, Tabor, Howie, Alto-Gardnar, plus an
option on Sakoose claims.
● British Columbia: Icefield Portfolio with three promising claim packages.
For more information, visit: www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, President, Director
C: (647) 567-9840
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO