Ashley Gold Corp. Reports TAK-26-03 Assay, Intercepts 2.347 g/t Au over 4.35m, Within 156.5m of Anomalous Gold, 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 TAK-26-03 Assay, Intercepts 2.347 g/t Au over 4.35m,
Within 156.5m of Anomalous Gold, Dryden Area, Ontario
CALGARY, ALBERTA - June 4, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to share an additional assay result from the recently completed Phase 1 drill
program on its wholly owned Tak Patents.
Highlights:
- 0.220 g/t Au over 156.50m (Entire Hole),
- Including; 0.332 g/t Au over 28.65m from collar (4.5 - 33.15m) and 0.580 g/t Au over 12.65m
(22.50 - 33.15m), and;
- 0.749 g/t Au over 18.00m (92.0 - 110.0m) and 2.347 g/t Au over 4.35m (92.0 - 96.35m).
Updates:
- Phase 2 drilling ongoing, three holes completed and the fourth collared this morning.
Figure 1: Regional Map and Area of Activity
President Noah Komavli:
- 2 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
“TAK-26-03 continues to show elevated gold values throughout much of the core length, confirming the
results from TAK-26-02 that expanded the southern width of the recently identified D99Z zone.”
CEO Darcy Christian:
“The pervasive gold mineralization throughout the last few holes continues to indicate a large-scale
hydrothermal system. We are just beginning to scratch the surface of understanding the nature of the
Tak, and I continue to be surprised with its potential.”
Project Map
Figure 2: D99Z Cross Section
- 3 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 3: D99Z Cross Section
Core Images
- 4 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 4: TAK-26-03 - Chalcopyrite Mineralization and Pyrite-Magnetite Veinlet Running Parallel to Core
Axis
Figure 5: TAK-26-03 - Potassic Altered QFP, Hydrothermal Pyrite Veinlets
- 5 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 6: TAK-26-03 - Chalcopyrite and Pyrite Mineralization in Veinlets in Altered QFP
- 6 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 7: TAK-26-03 - Chalcopyrite, Pyrite and Magnetite Mineralization in Altered QFP
- 7 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 8: TAK-26-03 - Chalcopyrite and Hydrothermal Pyrite Mineralization
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
discovery of the gold bearing zone at surface.
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.
TAK-26-03 fanned west from the same pad as TAK-26-02.
TAK-26-04 and TAK-26-05 remain pending.
- 8 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Hole_ID Sample # From (m) To (m) Length (m) Gold (g/t)
TAK-26-03 2415242 4.50 5.75 1.25 0.235
TAK-26-03 2415243 5.75 7.00 1.25 0.258
TAK-26-03 2415244 7.00 8.50 1.50 0.036
TAK-26-03 2415245 8.50 9.50 1.00 0.346
TAK-26-03 2415246 9.50 10.50 1.00 0.016
TAK-26-03 2415247 10.50 11.50 1.00 0.014
TAK-26-03 2415248 11.50 13.00 1.50 0.014
TAK-26-03 2415249 13.00 14.50 1.50 0.056
TAK-26-03 2415251 14.50 16.00 1.50 0.068
TAK-26-03 2415252 16.00 17.50 1.50 0.260
TAK-26-03 2415253 17.50 19.00 1.50 0.293
TAK-26-03 2415254 19.00 20.50 1.50 0.582
TAK-26-03 2415255 20.50 22.00 1.50 2.055
TAK-26-03 2415256 22.00 23.00 1.00 0.011
TAK-26-03 2415257 23.00 24.00 1.00 0.476
TAK-26-03 2415258 24.00 25.00 1.00 1.530
TAK-26-03 2415259 25.00 26.50 1.50 0.162
TAK-26-03 2415261 26.50 27.50 1.00 0.113
TAK-26-03 2415262 27.50 29.00 1.50 0.048
TAK-26-03 2415263 29.00 30.25 1.25 0.406
TAK-26-03 2415264 30.25 31.15 0.90 0.135
TAK-26-03 2415265 31.15 32.15 1.00 0.087
TAK-26-03 2415266 32.15 33.15 1.00 2.320
TAK-26-03 2415267 33.15 34.50 1.35 0.108
TAK-26-03 2415268 34.50 36.00 1.50 0.017
TAK-26-03 2415269 36.00 37.50 1.50 0.119
TAK-26-03 2415271 37.50 39.00 1.50 0.035
TAK-26-03 2415272 39.00 40.00 1.00 0.013
TAK-26-03 2415273 40.00 41.00 1.00 0.045
TAK-26-03 2415274 41.00 42.50 1.50 0.051
TAK-26-03 2415275 42.50 43.50 1.00 0.069
TAK-26-03 2415276 43.50 45.00 1.50 0.017
TAK-26-03 2415277 45.00 46.50 1.50 0.017
TAK-26-03 2415278 46.50 48.00 1.50 0.015
TAK-26-03 2415279 48.00 49.50 1.50 0.020
TAK-26-03 2415281 49.50 50.50 1.00 0.011