Ashley Gold Corp. Shares TAK-26-08 Core Visuals - Submits Hole for Fire Assay
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Shares TAK-26-08 Core Visuals - Submits Hole for Fire Assay
CALGARY, ALBERTA - June 30, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to provide visuals from its TAK-26-08 hole.
Highlights:
- Hole submitted to ActLabs Dryden, on Friday June 26, 2026, 112 samples
- 31 prospecting samples pending west of the high-grade grab samples (398 g/t Au, 152 g/t Au).
Figure 1: Phase 2 Drilling - Area of TAK-28-06 Collar
- 2 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 2: Phase 2 Drilling - Cross Section
President Noah Komavli:
“Having been on site and reviewed the core in person, in my view, this is the best hole drilled to date on
the property. I look forward to full assays and follow up next steps.”
Core Visuals
This first northern hole in the 67Z has provided excellent information. The 67Z represents an intense
alteration zone located at or near the contact with a sulphide-rich quartz-eye porphyry and lies along the
southern flank of a large chargeability body. The hole collared in the resistive portion of the quartz-
feldspar porphyry and drilled through a wide zone of potassic material with varying degrees of
alteration, silicification and sulphide content, with the most significant results focused on the interval
from approximately 21 m to 67 m. TAK-26-08 exits the resistive body and intercepts a quartz-eye
structure associated with the sulphide-rich quartz-eye porphyry, then trends into what appears to be the
halo of the chargeability anomaly. The NTZ lies along the northern contact of the chargeability body,
with 31 samples taken from and along strike to the southwest of the NTZ. The hole concluded at 128 m.
- 3 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 3: Example Mineralization ( 4 m to 20.5 m)
Figure 4: Example Mineralization ( 20.5 m to 39 m)
- 4 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 5: Example Mineralization (39 m to 55 m)
- 5 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 6: Example Mineralization at ~45 m
- 6 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 7: Example Mineralization ( 55 m to 72 m)
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.
- 7 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 8: 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-02-07, 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.
- 8 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
NTZ:
The Northern Trench Zone (“NTZ”) comprises five 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 discovered a high-grade gold zone through prospecting, sampling up to 398 g/t
Au. Phase 3 drilling will allocate some meterage to test these zones with no historic drill records.
Tak History
January 1940s - Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface
trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar
porphyry (QFP); followed by 1948 magnetometer survey. MDI.
1980 - Cominco, geological mapping, rock sampling, and magnetometer survey over the property
identifying porphyry-hosted gold potential. MDI.
1998-1999 - Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching
(assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning
2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over
1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI.
2002 - Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the
Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork
veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t
Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio
AFRI report.
January 6, 2026 - Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut
Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for
3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all
directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M).
February 10, 2026 - Ashley Gold Corp., announced operational readiness for winter drilling campaign
on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to
refine targets and twin historic holes.
March 14, 2026 - Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak
Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex.
April 2–10, 2026 - Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and
skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting
validation of historic D99Z zone and extensions.
April–May 2026 - Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to
TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and
quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase
2.