CALGARY, ALBERTA - October 10, 2025 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that further ground work will be completed prior to the Winter drilling season.

 

President Noah Komavli on the update;

 

“This is an excellent time of year to view outcrops and structure as seasonal foliage dies off. Our exploration team will arrive in the area next week and be present on the Howie to gain a better handle on the complex mineralization that outcrops at the Katisha, Howie, and Twilight Zones.

 

Ultimately, drill pad planning and scoping will be a top priority at the permitted Howie project, as we await drill core assays to guide next steps and work towards a state of drill-readiness.

 

At the Alto project, trail brushing will facilitate ease of access for advanced activities. Channel cuts will then follow across the outcrop, which is known to host nuggety gold in quartz. This is an important next step to understand continuity, building on prior grab samples that have returned highs of 106 g/t Au.

 

Our team will be working on permitting across the portfolio, and the Alto represents a compelling target with high-grade historic values at surface, such as 2.016 oz/t over 0.75 ft. This ground work sets the stage for maiden drilling once permitted.

 

These foundational measures align with our efforts to usher in the next gold discovery in the district.”

 

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Figure 1: Visible Gold Sample from Alto 2024 Sampling

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Figure 2: Another Visible Gold Sample from Alto 2024 Sampling

Project History - Alto Project

1937:

Gold discovered at Alto-Gardner by l.W. Alto and W. Gardnar (Berger, 1989).

 

1940:

Sandybeach Lake Syndicate; stripping, trenching, bulk sampling, including 125-ton bulk sample from an open cut with a reported grade of 0.231 ounces per ton (opt). In 1943, Satterly (in Berger, op.cit.) reported the bulk sample ran 0.081 opt, although the discrepancy between the two values is unresolved.

 

1982:

Ground restaked by K. and M. Bernier, who cut a grid and conducted a ground VLF survey, in addition to resampling historic trenches. (in Berger, op.cit.)

 

1983:

Report highlighting a strong northeast-southwest striking quartz vein system in Keewatin greenstone intruded by quartz porphyry, with favorable geology for gold mineralization similar to nearby deposits. The main vein extends over 1,000 feet with widths up to 24 feet, showing visible gold, pyrite, chalcopyrite, and commercial assays up to 0.37 oz/ton gold. (Report, 1983)

 

1986:

Loydex Resources Inc. flew airborne magnetometer and EM survey over the area including the Alto-Gardnar shear zone (Terraquest, 1987)

 

1995:

Champion Bear Resources drilled four diamond drill holes on the Alto-Gardnar property (Pryslak and Sears, 1995).

 

2006:

Gossan Resources conducted a field program involving 340 meters of mechanical stripping, detailed geologic mapping, channel sampling of 273 samples, prospecting, and MMI soil sampling to define the structural controls and extend the shear zone. Results revealed anomalous gold values up to 9.69 g/t primarily in sheared mafic volcanics with quartz stringers and alteration, alongside identification of potential shear extensions up to 2.3 km northeast. Conclusions highlight two styles of gold mineralization—in quartz veins and shear zones—recommending re-assaying for nugget effects, petrographic analysis, and drilling to further evaluate the property's potential.

 

October 2022:

Ashley acquires the Alto-Gardnar project.

 

May 2024:

Ashley Gold Discovers New Vein at Alto-Gardnar Assaying 106 g/t Au. (News Link)

  

Project History - Howie Property

 

May 1987:

Esso Minerals conducts a two year program on Howie (known as Snake Bay). Historic drilling logs from 1987 detail wide zones of mineralization. Assays redacted. (Data Link)

 

November 2022:

Initial surface prospecting and sampling at Main Katisha Shear Zone yielded assay results up to 52.80 g/t Au, validating the zone’s gold potential. (News Link)

 

January 2023:

Planned high-resolution drone magnetics survey to target deeper mineralized zones, inspired by Dynasty Gold’s Thundercloud Project results. (News Link)

 

April 2024:

Secured exploration permit and Ontario Junior Exploration Program funding, enabling advanced geophysical surveys and sampling. (News Link)

 

October 2024:

Completed induced polarization (IP) survey over 2 km of lines to define 2025 drill targets for subsurface mineralization. (News Link)

 

March 2025:

Reviewed IP survey data, expanded the project by two claims, and identified new targets along strike for further exploration. (News Link)

 

May 2025:

Conducted mechanical stripping, outcrop washing, and channel sampling at Katisha Zone, with channel cut assay results up to 20.2 g/t Au, confirming continuity of gold mineralization in a 5-10m-wide deformation zone. Expanded strike with discovery of 1.6 g/t Au sample based on IP data. (News Link)

September 2025:

Located Snake Bay historic core, channel sampling completed at the Twilight Zone outcrop. Representative channel values delineate a wide gold bearing corridor, above peer open pit cutoffs.  (News Link)

  

NI 43-101 Disclosure

The technical information in this news release was prepared and reviewed by Darcy Christian, CEO, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-independent of Ashley Gold Corp.

Some results discussed in this document are historical. Ashley nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project's potential and are relevant for any future exploration program.

Management cautions that grab samples are selective in nature, and the assay results may not necessarily represent true underlying mineralization.

 

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focussed 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 Tabor/Sakoose, Burnthut, Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having three 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 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:

www.ashleygoldcorp.com

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.”