Ashley Gold Corp. Provides Updates on Phase 2 Tak Drilling and Prospecting Activities, Dryden Area, Ontario
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Provides Updates on Phase 2 Tak Drilling and Prospecting
Activities, Dryden Area, Ontario
CALGARY, ALBERTA - June 3, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to provide a status update in regards to ongoing activities.
Highlights:
- Three holes from Phase 1 remain pending, with assays expected shortly,
- Two holes of Phase 2 program completed,
- Located undocumented outcrop south of the 67Z, proposed hole planned,
- Thirty-two samples from prospecting submitted to ActLabs Dryden for fire assay.
Figure 1: Regional Map and Area of Activity
President Noah Komavli:
“The final assays of our Phase 1 program are expected in short order, with prospecting along historically
worked trenches revealing strong potential outside of the main resistive trend currently being drilled. It
is important to note that there is no record of these trenches ever being drill tested. With that in mind, the
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
North Trench Zone (“NTZ”) is emerging as a potential shear associated structure running parallel to the
resistive body on the North side of main chargeability anomaly. Grab sample assays will determine
drilling allocations in the near future. Additionally, a LIDAR survey is being considered to highlight any
features that remain under cover and simultaneously produce a highly accurate digital elevation model
(DEM). The trenches in the NTZ are up to 2 m deep in some locations, 60 m long and up to 2 m wide.
This impressive scale showcases the lengths that prior operators in 1940 and 1980 were willing to go to
assess the structures on the Tak.”
Phase 2 - TAK-26-06
The first hole of the Phase 2 program was collared between the 99Z and 67Z zones, targeting historic
trenches 18 and 19 at depth. The hole reached its planned depth of 122 m and was successful in
intercepting target mineralization. Further updates will be provided when core logging and cutting for
Phase 2 begins.
Figure 2: TAK-26-06 - Potassic Alteration with Sulphides, encountered at 23 m
Figure 3: TAK-26-06 - Stockworks Zone in QFP, encountered at 98 m
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Drill Planning and Prospecting Update
Figure 4: 67Z - IP Line 250 - Overall Gold Index with Completed, In Progress, and Proposed Holes,
Looking West
Prospecting south of the 67Z has uncovered an outcrop that was undocumented in the historic Tak maps.
With current drilling focused in the area, the Company has proposed a third hole on IP line 250, backing
away 75 meters to the South and drilling North. This planned hole has the ability to test recently
identified surface mineralization as well as the width and depth of the 67Z - coinciding with a strong
gold index. As previously stated, drill plans remain subject to a variety of conditions, including assays
from Phase 1, visual indicators from Phase 2, as well as active prospecting.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 5: South of 67Z - Example
Figure 6: South of 67Z - Example
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 7: South of 67Z - Example
Figure 8: South of 67Z - Example
Exploration around the Northern Trench Zone (“NTZ”) has revealed compelling features, with
interesting example mineralization. 32 samples have been collected and submitted to ActLabs Dryden
for fire assay.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 9: Grab Sample Map
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 10: NTZ Shear Structure Identified
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 11: Vein in the NTZ Shear, Brecciated Quartz Vein
Figure 12: Operations Manager Will Kuran, Prospecting the Brecciated Quartz Vein (NTZ)