Ashley Gold Corp. Receives Channel Results, Confirms Broad Zone of Low Grade Gold from Representative Sampling at Howie Project, Ontario, Submits Core for Assay
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Receives Channel Results, Confirms Broad Zone
of Low Grade Gold from Representative Sampling at Howie Project,
Ontario, Submits Core for Assay
CALGARY, ALBERTA - September 22, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to announce that it has received assay values for its channel sampling program
completed on the Twilight Zone of its Howie Project, with the project bordering Dynasty Gold’s
Thundercloud deposit.
Image 1: Twilight Zone - East Fault and Orientation of Historic Holes Submitted for Assay
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Highlights:
- Discontinuous channel cuts show alteration associated mineralization as gold bearing, above peer
cut-offs
- Weighted average is 0.624 g/t Au over 22.9 m
- Historic Esso core cutting completed and submitted for assay
President Noah Komavli on the results;
“With our thesis of a bulk tonnage target receiving some validation from these channel sample results,
the road accessible Howie Project is positioned as a cornerstone of our portfolio.
These early results are inline or exceed advanced peers in the belt, such as the Goliath Gold complex
open pit cut -off grade of 0.3 g/t Au [1], or the Rainy River open pit cut off grade of 0.3 g/t Au for low
grade mineralization, with 0.46-0.49 g/t Au cut-off for higher grade mineralization [2].
These results are very encouraging and show that we are on the right track.
Visual inspection of the newly rediscovered historic Esso Core, which was drilled in proximity to the
Twilight Zone showing, has demonstrated strong correlation with the recent surface channel sampling.
We look forward to further validating our early stage model, leading into a full fledged, modern drill
program”
Twilight Zone Assay Results
As disclosed in a press release dated September 3, 2025, Ashley undertook a fall washing and channel
sampling program to gain a better understanding of the Twilight zone gold showing. All 23 cuts returned
gold values.
The Twilight Zone displays a broad zone of alteration associated mineralization within felsic volcanic
rocks occurring as silicification, carbonatization, chloritization, sericitization, and fuchsite with
disseminated pyrite and arsenopyrite. Zones of more abundant mineralization appear to be associated with
more intense alteration and structural activity.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 2: Historic Esso Mapping with Channel Cut Overlay
Sample Number Results (g/t Au) Cut Length (m)
346550 1.77 1.2
340262 1.67 1
340261 1.6 0.8
340259 1.32 1
346541 1.18 1.2
346549 1.13 0.8
346545 0.91 1
346543 0.73 1
346548 0.72 1.2
340260 0.63 1.2
346540 0.63 1
346547 0.53 0.8
340263 0.5 0.6
346542 0.42 0.8
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
346544 0.26 1
340265 0.13 1
346546 0.07 1
340266 0.03 1
340267 0.03 0.6
340269 0.03 1.3
346539 0.03 1.2
340264 < 0.03 1
340268 < 0.03 1.2
Table 1: Channel assay results
Sample Number Results ( g/t Au)
346536 1.23
340270 1.14
Table 2: Grab sample results
Twilight Zone Core Cutting
As of Thursday September 18, 2025, core cutting in Kenora, ON has completed ahead of schedule,
samples have been submitted to Actlabs in Dryden, ON for assay.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 3: Historic Esso core quarters, approximately 20 m of continuous core from 87-SB-03
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 4: Example mineralization in quartered core
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 5: Example mineralization in quartered core
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 6: Example mineralization in quartered core
Project History - Howie Property
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