Ashley Gold Corp. Receives Permit for the High-Grade Alto-Gardnar Project, Dryden, Ontario
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Receives Permit for the High-Grade Alto-Gardnar Project,
Dryden, Ontario
CALGARY, ALBERTA - March 25, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to share an operational update related to its Alto-Gardnar project.
Highlights:
- Permitted for up to 13 pads, line cutting and IP surveys
President Noah Komavli; “The Alto-Gardnar project has seen significant historical surface work and
limited drilling. Prior operators looked at the system as a low grade, bulk ton target. Given our high
grade findings in the fall 2025 channeling program, which included 130 g/t Au over 1.0m, this project
warrants further attention and scout drilling to probe the high grade zone at depth. The pairing of the
permitted IP survey will allow efficient exploration and greater resolution outside the stripped area.”
CEO Darcy Christian on the recent permit; “We have reached a significant milestone in our portfolio,
with every Ontarian project now permitted, and our BC portfolio partially permitted with Vertebrae
Ridge being the only project pending issuance. This gives our Company a unique edge and increased
flexibility in terms of future planning. We will now also look at expanding our permit at the Burnthut to
include IP lines outside the Tak Patents.”
Alto-Gardnar Project
Image 1: Regional Map, Inset Alto-Gardnar Shear Facing North-East
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 2: Alto-Gardnar Shear, Facing South-West
Project History - Alto Project
1937:
Gold discovered at Alto-Gardner by l.W. Alto and W. Gardnar (Berger, 1989).
1940:
Sandybeach Lake Syndicate; stripping, trenching, bulk sampling, including 125-ton bulk sample from an
open cut with a reported grade of 0.231 ounces per ton (opt). In 1943, Satterly (in Berger, op.cit.)
reported the bulk sample ran 0.081 opt, although the discrepancy between the two values is
unresolved.
1982:
Ground restaked by K. and M. Bernier, who cut a grid and conducted a ground VLF survey, in addition
to resampling historic trenches. (in Berger, op.cit.)
1983:
Report highlighting a strong northeast-southwest striking quartz vein system in Keewatin greenstone
intruded by quartz porphyry, with favorable geology for gold mineralization similar to nearby deposits.
The main vein extends over 1,000 feet with widths up to 24 feet, showing visible gold, pyrite,
chalcopyrite, and commercial assays up to 0.37 oz/ton gold. (Report, 1983)
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
1986:
Loydex Resources Inc. flew airborne magnetometer and EM survey over the area including the Alto-
Gardnar shear zone (Terraquest, 1987)
1995:
Champion Bear Resources drilled four diamond drill holes on the Alto-Gardnar property (Pryslak and
Sears, 1995).
2006:
Gossan Resources conducted a field program involving 340 meters of mechanical stripping, detailed
geologic mapping, channel sampling of 273 samples, prospecting, and MMI soil sampling to define the
structural controls and extend the shear zone. Results revealed anomalous gold values up to 9.69 g/t
primarily in sheared mafic volcanics with quartz stringers and alteration, alongside identification of
potential shear extensions up to 2.3 km northeast. Conclusions highlight two styles of gold
mineralization—in quartz veins and shear zones—recommending re-assaying for nugget effects,
petrographic analysis, and drilling to further evaluate the property's potential.
October 2022:
Ashley acquires the Alto-Gardnar project.
May 2024:
Ashley Gold Discovers New Vein at Alto-Gardnar Assaying 106 g/t Au. (News Link)
November 2025
Ashley Gold channels the high-grade zone, cutting 130 g/t Au over 1.0m. (News Link)
43-101 Disclosure
The technical information in this news release was prepared and reviewed by Darcy Christian, CEO,
P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a
Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-independent of
Ashley Gold Corp.
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.
*Management cautions that grab samples are selective in nature, and the assay results may not
necessarily 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
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
(including the Tak Patents), 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
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
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.”