Ashley GOLD Discovers New Vein at Alto-Gardnar Assaying 106 G/T Au
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
May 29, 2024
Ashley Gold Discovers New Vein at Alto-Gardnar Assaying 106 g/t Au
Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is please to announce initial sampling on the
Alto-Gardnar Property. A previously unsampled vein was assayed returning 106 g/t Au and 54.2 g/t Au. In addition,
a historic open cut was sampled with assays returning 0.46 g/t Au up to 5.47 g/t Au.
Darcy Christian, CEO of Ashley comments “This was our first prospecting trip out to Alto-Gardnar and it did not
disappoint. 2006 sampling shows a potential increase in grade and continuity to the southwest with our new
sampling confirming this. We are currently out at Alto focussing on the southwest looking for additional indications
to support this.”
Figure 1. Location of Open Cut and Samples
Sampling
Historically, a 350m area was stripped at Alto-Gardnar with the most recent sampling performed by Gossan
Resources in 2006. Figure 2 shows the newly discovered vein samples taken just north of Gossan samples. All
samples were white-grey quartz with fine chlorite and tourmaline partings. The quartz is mineralized with up to
1% fine pyrite with trace chalcopyrite and sphalerite. Visible gold is prevalent when chalcopyrite and sphalerite
are present. Samples were sent to Actlabs in Dryden, Ontario for Fire Assay. Additionally, the new vein samples
had metallic screens performed due to the nuggety nature of the vein mineralization.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 2. Newly Sampled Quartz Vein Showing Visible Gold
SAMPLE # ASSAY G/T AU
NEW VEIN
340218 106
340219 54.2
HISTORIC OPEN CUT
340220 4.33
340221 0.88
340222 0.59
340223 5.47
340215 0.46
Table 1. Assay Results
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy Christian,
P.Geo., President of Ashley, who is a Qualified Person as defined by NI 43-101.
ABOUT ASHLEY GOLD CORP.
- 3 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Ashley Gold is focused on creating substantive, long-term value for its shareholders through the discovery and
development of world class gold deposits. Ashley has acquired, 100% of the Tabor Lake Lease subject to a 1.5%
royalty, 100% of the Santa Maria Project subject to a 1.75% royalty, 100% interest in the Howie Lake Project
subject to a 0.5% royalty, 100% interest in the Alto-Gardnar Project subject to a 0.5% royalty, 100% interest in the
Burnthut Property subject to a 1.5% NSR, and an option to earn 100% of the Sakoose claims subject to a 1.5% NSR.
In addition, Ashley has entered into an option agreement to earn 100% of the Sahara Uranium-Vanadium property
in Emery County, Utah subject to a 2% NSR.
Ashley Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration,
and development of mineral projects. The Corporation’s objective is to conduct efficient and economical
exploration on its growing portfolio of high-quality gold projects as well as moving the Sahara Uranium-Vanadium
project towards near-term production.
The responsibility of this release lies with Mr. Darcy Christian, President and CEO • +1 (587) 777-9072 •
[email protected] , may be contacted for further information. www.ashleygoldcorp.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
DISCLAIMER & 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. Undue
reliance should not be placed on “forward looking statements”.