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Ashley Gold Corp. Concludes Phase 1 Drilling, Provides Additional Updates
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CALGARY, ALBERTA - April 23, 2026 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to share visuals and operational updates from its concluded Phase 1 diamond drilling program on the 100% owned Tak Patents.
Highlights:
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Core logging and cutting well underway,
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Five holes completed,
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TAK-26-01 assays pending.
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Figure 1: Regional Map and Area of Activity
President Noah Komavli; “This first phase program was a success in terms of execution and meterage completed prior to Spring breakup. It is important to highlight that only the crew has demobilized, the equipment remains ready for Phase 2 execution following the melt. This pause in drilling will allow us to work towards completing logging and cutting, as well as give our team time to receive the interpreted IP data from the recently completed survey.”
Drilling Operation Update
The following holes have been completed during Phase 1 drilling.
Pad 1, Hole 1 (Assays pending): Undercut and step back from TAK- 99-10. Logging and cutting completed.
Pad 2, Hole 2: East fan on TAK-02-02. Logging and cutting ongoing.
Pad 2, Hole 3: West fan on TAK-02-02.
Pad 3, Hole 4: North hole to test undrilled zones under the historically worked trenches.
Pad 4, Hole 5: Southern facing hole collared between TAK-99-10 and TAK-99-09, with the eastern most extent of the program at depth.
Core Logging and Assay Update
Core logging and cutting is progressing at anticipated rates, with current focus on TAK-26-02. As disclosed, TAK-26-01 has been logged and cut, with assay results now pending.
TAK-26-04 Visuals
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Figure 2: Example Mineralization
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Figure 3: Example Mineralization - Potassic Altered Quartz Feldspar Porphyry with Cubic and Disseminated Sulphide
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Figure 4: Example Mineralization - Quartz Veinlet and Sulphide at ~14m
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Figure 5: Example Mineralization - Quartz Veinlet, Quartz Carbonate, Disseminated Sulphides, Hydrothermal Pyrite and Chlorite
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Figure 6: Example Mineralization - Quartz Veinlet, Hydrothermal Pyrite
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Figure 7: Example Mineralization - Pyrite Stringer
References
Property MDI Link: https://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000002119.html
Wedge Zone assays: https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52G13NW2001/52G13NW2001.PdF
Triex logs (Tak-99 holes):
Southern Rio logs (Tak-02 holes):
NI 43-101 Disclosure
The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.
*Management cautions that core visuals are selective in nature to begin with and is not representative of the hole in its entirety or indicative of any grade overall. Samples have not been submitted and therefore, assay results are pending and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.
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 (including the Tak Patents), Howie, and 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 Komavli”
Noah J. Komavli, P.Eng, President, Director
C: (647) 567-9840
E: info@ashleygoldcorp.com
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: dchristian@ashleygoldcorp.com
Connect With Ashley:
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.”