Ashley Gold Corp. Reports 1.505 g/t Au over 10.25m Near Surface in Final Assays of Phase 1 Tak Drilling Extending D99Z Width to Over 100m, 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. Reports 1.505 g/t Au over 10.25m Near Surface in Final Assays
of Phase 1 Tak Drilling Extending D99Z Width to Over 100m, Dryden Area,
Ontario
CALGARY, ALBERTA - June 23, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to share final assay results from the recently completed Phase 1 drill program on
its wholly owned Tak Patents.
Highlights:
- TAK-26-04: 0.996 g/t Au over 16.00 m including 1.505 g/t Au over 10.25 m near surface, within
118.23 m of anomalous gold values, terminating 3 m after intercepting 3.61 g/t Au over 0.3 m.
- TAK-26-05: 7.39 g/t Au over 0.5 m, 8.00 m downhole. As well as 0.426 g/t Au over 15.00 m
including 0.738 g/t over 6.00 m.
Updates:
- Management heading to site, active prospecting based on IP, field updates to follow.
- Phase 2 logging and cutting ongoing, for a total of four holes pending from 67Z.
- 32 grab sample assays remain pending from prospecting along strike and in the NTZ.
Figure 1: Regional Map and Area of Activity
President Noah Komavli:
“The Company has intercepted gold values in all holes drilled on the Tak to date, with near surface, bulk
tonnage gold values being the standout theme. As we progress with more advanced targeting based on
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
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our field and IP results, I look forward to working towards discovery and expansion of these known
zones in this underexplored, yet highly promising area of the belt.”
CEO Darcy Christian:
“This was a great first drill program on the Tak for Ashley. I am pleased to see the width potential of
the D99Z developing to over 100m and will be interested in seeing the results of Phase II as we begin to
test the strike potential of the larger shallow system.”
Project Map
Figure 2: D99Z Cross Section
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 3: D99Z Cross Section
Core Images
Figure 4: Top Section of TAK-26-04 - Example Mineralization in Halved Core
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Figure 5: Sulphide Mineralization Apparent in Top of TAK-26-04
Figure 6: Pyrite Veinlet in Altered QFP
Phase 1 Program Discussion
Table 1: Drilling Location Data
TAK-26-01 was an eastern step out and undercut of the historic TAK-99-01 hole. This hole assayed
1.104 g/t Au over 28.2 m, leading to the moniker “Double 9 Zone” or D99Z, highlighting the 1999
drilling discovery of the gold bearing zone at surface.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
TAK-26-02 was designed as an eastern fan from TAK-02-02. The results display gold mineralization
starting at the drill hole collar, with a significant result of 0.586 g/t Au over 34.2 m. The entire hole
returned anomalous gold values, with three distinct zones. This was the deepest hole ever drilled on the
property and terminated in a wide, low grade zone of gold. Towards termination, both TAK-26-02 and
TAK-26-03 intercepted pervasive green sericite-chlorite alteration, brecciation, and quartz veining
accompanied by an increased sulphide content - all of which likely point to an increase in hydrothermal
interaction.
TAK-26-03 fanned west from the same pad as TAK-26-02, intercepting anomalous grades from start to
finish; 0.22 g/t Au over 156.5 m, including 0.580 g/t Au over 12.65 m within 0.332 g/t Au over 28.65 m.
TAK-26-04 drilled North from the TAK-99-10 collar location. Intercepting 1.505 g/t Au over 10.25 m
near surface, within 0.996 g/t Au over 16.00 m from collar, in 118.23 m of anomalous gold values.
TAK-26-05 was the farthest easterly hole at depth, intercepting 0.319 g/t Au over 36.65 m from the
collar, including 0.426 g/t Au over 15.00 m and 0.738 g/t Au over 6.00 m.
Table 2: Summary of Phase 1 Drilling Results
TAK-26-04 and TAK-26-05 Assays
Hole ID Sample From To Length Au PPB
TAK-26-04 2,415,385 3.77 5.00 1.23 55.00
TAK-26-04 2,415,386 5.00 6.50 1.50 55.00
TAK-26-04 2,415,387 6.50 8.00 1.50 890.00
TAK-26-04 2,415,388 8.00 9.50 1.50 951.00
TAK-26-04 2,415,389 9.50 11.00 1.50 134.00
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TAK-26-04 2,415,391 11.00 12.50 1.50 3060.00
TAK-26-04 2,415,392 12.50 14.00 1.50 2270.00
TAK-26-04 2,415,393 14.00 15.25 1.25 1980.00
TAK-26-04 2,415,394 15.25 16.75 1.50 1330.00
TAK-26-04 2,415,395 16.75 18.00 1.25 18.00
TAK-26-04 2,415,396 18.00 19.50 1.50 78.00
TAK-26-04 2,415,397 19.50 21.00 1.50 44.00
TAK-26-04 2,415,398 21.00 22.50 1.50 198.00
TAK-26-04 2,415,399 22.50 24.00 1.50 18.00
TAK-26-04 2,415,401 24.00 25.25 1.25 5.00
TAK-26-04 2,415,402 25.25 25.75 0.50 8.00
TAK-26-04 2,415,403 25.75 26.75 1.00 36.00
TAK-26-04 2,415,404 26.75 28.00 1.25 < 5
TAK-26-04 2,415,405 28.00 29.00 1.00 < 5
TAK-26-04 2,415,406 29.00 30.20 1.20 < 5
TAK-26-04 2,415,407 30.20 31.50 1.30 < 5
TAK-26-04 2,415,408 31.50 32.50 1.00 < 5
TAK-26-04 2,415,409 32.50 34.00 1.50 8.00
TAK-26-04 2,415,411 34.00 35.50 1.50 5.00
TAK-26-04 2,415,412 35.50 37.00 1.50 < 5
TAK-26-04 2,415,413 37.00 38.50 1.50 < 5
TAK-26-04 2,415,414 38.50 40.00 1.50 < 5
TAK-26-04 2,415,415 40.00 41.50 1.50 < 5
TAK-26-04 2,415,416 41.50 43.00 1.50 < 5
TAK-26-04 2,415,417 43.00 44.50 1.50 < 5
TAK-26-04 2,415,418 44.50 46.00 1.50 < 5
TAK-26-04 2,415,419 46.00 47.20 1.20 < 5
TAK-26-04 2,415,421 47.20 48.20 1.00 6.00
TAK-26-04 2,415,422 48.20 49.20 1.00 18.00
TAK-26-04 2,415,423 49.20 49.50 0.30 114.00
TAK-26-04 2,415,424 49.50 50.50 1.00 322.00
TAK-26-04 2,415,425 50.50 51.50 1.00 58.00
TAK-26-04 2,415,426 51.50 52.30 0.80 26.00
TAK-26-04 2,415,427 52.30 53.50 1.20 < 5
TAK-26-04 2,415,428 53.50 55.00 1.50 < 5
TAK-26-04 2,415,429 55.00 56.00 1.00 < 5
TAK-26-04 2,415,431 56.00 57.00 1.00 < 5
TAK-26-04 2,415,432 57.00 58.00 1.00 66.00
TAK-26-04 2,415,433 58.00 59.00 1.00 7.00
TAK-26-04 2,415,434 59.00 60.50 1.50 38.00
TAK-26-04 2,415,435 60.50 62.00 1.50 14.00
TAK-26-04 2,415,436 62.00 63.50 1.50 7.00
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TAK-26-04 2,415,437 63.50 64.50 1.00 < 5
TAK-26-04 2,415,438 64.50 65.50 1.00 7.00
TAK-26-04 2,415,439 65.50 67.00 1.50 230.00
TAK-26-04 2,415,441 67.00 68.25 1.25 15.00
TAK-26-04 2,415,442 68.25 69.50 1.25 9.00
TAK-26-04 2,415,443 69.50 71.00 1.50 22.00
TAK-26-04 2,415,444 71.00 72.50 1.50 7.00
TAK-26-04 2,415,445 72.50 74.00 1.50 < 5
TAK-26-04 2,415,446 74.00 75.00 1.00 42.00
TAK-26-04 2,415,447 75.00 76.50 1.50 8.00
TAK-26-04 2,415,448 76.50 78.00 1.50 < 5
TAK-26-04 2,415,449 78.00 79.00 1.00 28.00
TAK-26-04 2,415,451 79.00 80.50 1.50 10.00
TAK-26-04 2,415,452 80.50 82.00 1.50 < 5
TAK-26-04 2,415,453 82.00 83.50 1.50 < 5
TAK-26-04 2,415,454 83.50 85.00 1.50 < 5
TAK-26-04 2,415,455 85.00 86.50 1.50 22.00
TAK-26-04 2,415,456 86.50 88.00 1.50 < 5
TAK-26-04 2,415,457 88.00 89.00 1.00 16.00
TAK-26-04 2,415,458 89.00 90.00 1.00 28.00
TAK-26-04 2,415,459 90.00 91.00 1.00 24.00
TAK-26-04 2,415,461 91.00 92.00 1.00 22.00
TAK-26-04 2,415,462 92.00 93.00 1.00 30.00
TAK-26-04 2,415,463 93.00 94.50 1.50 8.00
TAK-26-04 2,415,464 94.50 96.00 1.50 50.00
TAK-26-04 2,415,465 96.00 97.50 1.50 264.00
TAK-26-04 2,415,466 97.50 99.00 1.50 128.00
TAK-26-04 2,415,467 99.00 100.50 1.50 294.00
TAK-26-04 2,415,468 100.50 102.00 1.50 21.00
TAK-26-04 2,415,469 102.00 103.50 1.50 24.00
TAK-26-04 2,415,471 103.50 105.00 1.50 95.00
TAK-26-04 2,415,472 105.00 106.50 1.50 30.00
TAK-26-04 2,415,473 106.50 107.50 1.00 246.00
TAK-26-04 2,415,474 107.50 109.00 1.50 11.00
TAK-26-04 2,415,475 109.00 110.50 1.50 20.00
TAK-26-04 2,415,476 110.50 112.00 1.50 < 5
TAK-26-04 2,415,477 112.00 113.50 1.50 < 5
TAK-26-04 2,415,478 113.50 114.50 1.00 < 5
TAK-26-04 2,415,479 114.50 115.50 1.00 5.00
TAK-26-04 2,415,481 115.50 116.50 1.00 10.00
TAK-26-04 2,415,482 116.50 117.70 1.20 < 5
TAK-26-04 2,415,483 117.70 118.70 1.00 89.00
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
TAK-26-04 2,415,484 118.70 119.00 0.30 3610.00
TAK-26-04 2,415,485 119.00 120.00 1.00 511.00
TAK-26-04 2,415,486 120.00 121.00 1.00 7.00
TAK-26-04 2,415,487 121.00 122.00 1.00 11.00
TAK-26-05 2,415,488 4.35 6.00 1.65 128.00
TAK-26-05 2,415,489 6.00 7.50 1.50 328.00
TAK-26-05 2,415,491 7.50 8.00 0.50 7390.00
TAK-26-05 2,415,492 8.00 9.25 1.25 25.00
TAK-26-05 2,415,493 9.25 10.60 1.35 17.00
TAK-26-05 2,415,494 10.60 11.35 0.75 360.00
TAK-26-05 2,415,495 11.35 12.85 1.50 163.00
TAK-26-05 2,415,496 12.85 14.00 1.15 63.00
TAK-26-05 2,415,497 14.00 15.30 1.30 17.00
TAK-26-05 2,415,498 15.30 16.80 1.50 27.00
TAK-26-05 2,415,500 16.80 17.10 0.30 36.00
TAK-26-05 2,416,501 17.10 18.50 1.40 12.00
TAK-26-05 2,416,502 18.50 20.00 1.50 < 5
TAK-26-05 2,416,503 20.00 21.50 1.50 < 5
TAK-26-05 2,416,504 21.50 23.00 1.50 20.00
TAK-26-05 2,416,505 23.00 24.50 1.50 14.00
TAK-26-05 2,416,506 24.50 26.00 1.50 83.00
TAK-26-05 2,416,507 26.00 27.00 1.00 535.00
TAK-26-05 2,416,508 27.00 28.00 1.00 90.00
TAK-26-05 2,416,509 28.00 29.00 1.00 1830.00
TAK-26-05 2,416,511 29.00 29.50 0.50 292.00
TAK-26-05 2,416,512 29.50 30.50 1.00 342.00
TAK-26-05 2,416,513 30.50 31.25 0.75 2370.00
TAK-26-05 2,416,514 31.25 32.50 1.25 16.00
TAK-26-05 2,416,515 32.50 34.00 1.50 208.00
TAK-26-05 2,416,516 34.00 35.50 1.50 143.00
TAK-26-05 2,416,517 35.50 37.00 1.50 60.00
TAK-26-05 2,416,518 37.00 38.00 1.00 165.00
TAK-26-05 2,416,519 38.00 39.00 1.00 141.00
TAK-26-05 2,416,521 39.00 40.00 1.00 200.00
TAK-26-05 2,416,522 40.00 41.00 1.00 531.00
TAK-26-05 2,416,523 41.00 42.50 1.50 12.00
TAK-26-05 2,416,524 42.50 44.00 1.50 61.00
TAK-26-05 2,416,525 44.00 45.50 1.50 26.00
TAK-26-05 2,416,526 45.50 47.00 1.50 94.00
TAK-26-05 2,416,527 47.00 48.50 1.50 22.00
TAK-26-05 2,416,528 48.50 50.00 1.50 44.00
TAK-26-05 2,416,529 50.00 51.50 1.50 180.00