Ashley Gold Corp. Provides Visuals from Phase 2 Drilling in 67Z, 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 Visuals from Phase 2 Drilling in 67Z, Dryden Area,
Ontario
CALGARY, ALBERTA - June 9, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to provide a comprehensive update in regards to ongoing activities.
Highlights:
- Two holes from Phase 1 remain pending, with assays expected shortly,
- Four holes of Phase 2 program completed, logging and cutting to commence later this week,
- Located additional outcrop east of the 67Z, to be drilled in a Phase 3 program,
- Thirty-two samples from prospecting have results pending.
President Noah Komavli:
“We have structured the Phase 2 program with 1 exploratory hole between D99Z and 67Z, as well as
three holes on line 250 directly in the vicinity of the 67Z. This included 1 twin of the two holes from
2002 that found the zone, as well as two step outs south, drilling North for data points on lithologies and
dip. Brief visuals from all 67Z holes show stockworks in QFP, potassic alteration, as well as some of the
best sulphide content encountered to date on the Tak, with logging and assays to confirm these early
field visuals in greater detail. I am excited to share our findings.”
CEO Darcy Christian on the program; “We continue to be impressed by the scale and variety of
mineralization present on the Tak patents. We are only 9 holes deep into a modern dataset, and most
discoveries take significantly more meterage. By leveraging the data from the 11 historic holes, we are
ahead of the curve in terms of what to look for. This is a complex system with what is likely a variety of
phases contributing to what we see in the core. As we continue to refine our understanding of the
system, we will develop greater clarity into what geological events occurred, leading to gold disposition.
With 32 grab sample assays pending from prospecting, our next Phase 3 program will be focused on
stepping out in all directions from 67Z, including the recently hailed Northern Trench Zone (NTZ), as
well as east and west of the 67Z to probe strike extent.”
Tak Project - Background
Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of
intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick)
and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with
the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic
holes were ever recorded from two operators - in 1999 and 2002. After 2002, the project sat idle for 24
years until acquired by the Company.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 1: Regional Map and Area of Activity
In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results
highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the
North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use.
Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.
Exploration Zones
D99Z:
In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The
zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the
surface mineralization width in the D99Z is already estimated at +80m.
67Z:
Two holes carried out in 2002 included TAK-02-06 and TAK-26-07, intercepting 3.08 g/t Au over 7.57
m (plus 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively
(Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and
the area was given the title “67Z” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250
to target the zone and collect data on lithologies, as well as dip. Example mineralization is shared below.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
NTZ:
The Northern Trench Zone (“NTZ”) comprises dozens of trenches, up to 2m wide, 2m deep and some as
long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of
the trench networks. Ashley has 32 grab samples pending, with the majority taken from the trenches.
Phase 3 drilling will allocate some meterage to test these zones with no historic drill records.
Phase 2 Visuals
Figure 2: IP Line 250 - 67Z - Three Phase 2 Holes Completed - Gold Index Pseudosection Looking 236
Degrees SW
Figure 2 outlines the three completed holes in the 67Z. TAK-02-06 and TAK-02-07 are plotted with
Au > 0.1 g/t. The green colored isoshell on the left of the image is resistivity at 20,000 Ohm-m and the
gold colored isoshells are chargeability at 30ms.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 3: TAK-26-07 - 67Z Twin - Potassic Altered QFP and Stockworks
Figure 4: TAK-26-08 - 67Z First North Hole - Example Mineralization
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 5: TAK-26-08 - 67Z First North Hole - Example Mineralization
Figure 6: TAK-26-08 - 67Z First North Hole - Example Mineralization
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 7: TAK-26-08 - 67Z First North Hole - Sulphide Mineralization in Quartz Carbonate Stringers
Figure 8: TAK-26-08 - 67Z First North Hole - Altered QFP, Quartz Vein, Disseminated Sulphides
Figure 9: TAK-26-08 - 67Z First North Hole - Potassic Altered QFP, Sulphide Stringers
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 10: TAK-26-08 - 67Z First North Hole - Potassic Altered QFP, Quartz Carbonate Stockworks
Figure 11: TAK-26-09 - 67Z Second North Hole - Potassic Altered QFP, Stockworks (64 - 71 m)
Figure 12: TAK-26-09 - 67Z Second North Hole - Example Mineralization
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 13: TAK-26-09 - 67Z Second North Hole - Example Mineralization
Figure 14: TAK-26-09 - 67Z Second North Hole - Example Mineralization
Prospecting & Phase 3 Initial Plans
Prospecting east, along a possible strike extent of the 67Z has revealed silicified rock with sulphide
content. In Phase 3 drilling, these step out targets will be tested with high priority.