Ashley Gold Corp. Announces Historic Core Assays from Howie Project, ON, Cuts 0.33 g/t Au over 25.74m
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CALGARY, ALBERTA – October 14, 2025 – TheNewswire – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has received assay values for the historic holes submitted for re-assay.
The historic holes were part of scout drilling completed in 1987 by prior operator Esso Minerals Inc. and were recently located intact in the Kenora core lab.
Click Image To View Full Size
Image 1: Twilight Zone – IP Chargeability High and Orientation of Historic Holes
Highlights:
-
SB-03 and SB-01 returned elevated Au values in proximity to the Twilight Zone outcrop
-
SB-05 had one box missing at the end of the hole, returning trace values, and SB-11 returned trace values of Au
-
-
SB-05 was drilled south west of the Twilight Zone, and SB-11 was drilled far east
-
These historic holes set the stage for next steps, including 1000m of proposed maiden drilling
President Noah Komavli on the results;
“I am excited to share these 38 year old results that were part of Esso Minerals Inc. scout drilling campaign. The intense, wide zones of sulphide mineralization present in the holes was exciting to see, and likely caused Esso to return for two back to back years, drilling in 1986 and 1987. The drilling was sparse and very exploratory in nature, as evidenced by the distance and orientation of the holes in Image 1.
Overall, this effort was extremely cost effective, showing that gold mineralization is present near the surface and providing the company valuable data that will guide next steps. The assays have unveiled that main mineralization occurs at the contacts of the host rock in proximity to the Twilight Zone and shows a stronger correlation West to East like the 2D IP survey has suggested. It also appears that the historic holes missed the chargeability high present from the IP survey.
This information comes at a perfect time, as Operations Manager Will Kuran and Exploration Manager Shannon Baird, P.Geo will be on the Howie to assess the complex structural setting.
At this stage of exploration, this data is foundational to our model and can efficiently guide capital deployment. With our IP survey in hand, the un-drilled area around the Twilight zone is a key target – which can be approached in a future scout drilling program.
These early results, just like our channel sampling program, hint at bulk tonnage scenarios. Peers in North Western Ontario such as the Goliath Gold complex have open pit cut-off grades of 0.3 g/t Au [1], or another example being Rainy River, with an open pit cut off grade of 0.3 g/t Au for low grade mineralization, with 0.46-0.49 g/t Au cut-off for higher grade mineralization [2].”
|
Drill Hole |
From |
To |
Length |
Au |
|
(m) |
(m) |
(m) |
(g/t) |
|
|
DDH-87-SB-01 |
51.51 |
55.18 |
3.67 |
0.436 |
|
Including |
52.12 |
53.96 |
1.83 |
0.678 |
|
Including |
52.73 |
53.35 |
0.62 |
0.920 |
|
DDH-87-SB-03 |
77.57 |
103.31 |
25.74 |
0.330 |
|
Including |
77.57 |
80.01 |
2.44 |
1.063 |
|
and |
92.90 |
103.31 |
10.41 |
0.537 |
|
Including |
99.64 |
103.31 |
3.67 |
1.097 |
|
Including |
100.86 |
102.80 |
1.94 |
1.934 |
Table 1: Historic Esso Drill Core Compilation Composite Highlights
|
Drill Hole |
Sample # |
From |
To |
Length |
Au |
|
(m) |
(m) |
(m) |
(g/t) |
||
|
DDH-87-SB-01 |
340051 |
51.51 |
52.12 |
0.61 |
0.19 |
|
DDH-87-SB-01 |
340052 |
52.12 |
52.73 |
0.61 |
0.59 |
|
DDH-87-SB-01 |
340053 |
52.73 |
53.35 |
0.62 |
0.92 |
|
DDH-87-SB-01 |
340054 |
53.35 |
53.96 |
0.61 |
0.52 |
|
DDH-87-SB-01 |
340055 |
53.96 |
54.57 |
0.61 |
0.03 |
|
DDH-87-SB-01 |
340056 |
54.57 |
55.18 |
0.61 |
0.36 |
|
DDH-87-SB-01 |
340057 |
56.57 |
57.18 |
0.61 |
0.03 |
|
DDH-87-SB-01 |
340058 |
57.18 |
57.78 |
0.60 |
< 0.03 |
|
DDH-87-SB-03 |
340059 |
77.57 |
78.18 |
0.61 |
2.68 |
|
DDH-87-SB-03 |
340060 |
78.18 |
78.79 |
0.61 |
0.39 |
|
DDH-87-SB-03 |
340061 |
78.79 |
79.40 |
0.61 |
0.56 |
|
DDH-87-SB-03 |
340062 |
79.40 |
80.01 |
0.61 |
0.62 |
|
DDH-87-SB-03 |
340063 |
80.01 |
80.62 |
0.61 |
0.10 |
|
DDH-87-SB-03 |
340064 |
80.62 |
81.23 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340065 |
81.23 |
81.84 |
0.61 |
0.06 |
|
DDH-87-SB-03 |
340066 |
81.84 |
82.45 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340067 |
82.45 |
83.09 |
0.64 |
< 0.03 |
|
DDH-87-SB-03 |
340068 |
83.09 |
83.70 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340069 |
83.70 |
84.31 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340070 |
84.31 |
84.92 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340071 |
84.92 |
85.53 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340072 |
85.53 |
86.14 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340073 |
86.14 |
86.75 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340074 |
86.75 |
87.36 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340075 |
87.36 |
87.97 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340076 |
87.97 |
88.61 |
0.64 |
< 0.03 |
|
DDH-87-SB-03 |
340077 |
88.61 |
89.21 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340078 |
89.21 |
89.82 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340079 |
89.82 |
90.43 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340080 |
90.43 |
91.04 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340081 |
91.04 |
91.65 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340082 |
91.65 |
92.26 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340083 |
92.26 |
92.90 |
0.64 |
< 0.03 |
|
DDH-87-SB-03 |
340084 |
92.90 |
93.51 |
0.61 |
0.43 |
|
DDH-87-SB-03 |
340085 |
93.51 |
94.12 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340086 |
94.12 |
94.73 |
0.61 |
0.20 |
|
DDH-87-SB-03 |
340087 |
94.73 |
95.34 |
0.61 |
0.75 |
|
DDH-87-SB-03 |
340088 |
95.34 |
95.95 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340089 |
95.95 |
96.56 |
0.61 |
< 0.03 |
|
DDH-87-SB-03 |
340090 |
96.56 |
97.17 |
0.61 |
0.43 |
|
DDH-87-SB-03 |
340091 |
97.17 |
97.81 |
0.64 |
0.49 |
|
DDH-87-SB-03 |
340092 |
97.81 |
98.42 |
0.61 |
0.13 |
|
DDH-87-SB-03 |
340093 |
98.42 |
99.03 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340094 |
99.03 |
99.64 |
0.61 |
0.03 |
|
DDH-87-SB-03 |
340095 |
99.64 |
100.86 |
1.22 |
0.16 |
|
DDH-87-SB-03 |
340096 |
100.86 |
102.44 |
1.58 |
1.27 |
|
DDH-87-SB-03 |
340097 |
102.44 |
102.80 |
0.35 |
4.91 |
|
DDH-87-SB-03 |
340098 |
102.80 |
103.31 |
0.51 |
0.16 |
|
DDH-87-SB-05 |
340099 |
93.18 |
93.79 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340100 |
93.79 |
94.40 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340101 |
94.40 |
95.04 |
0.64 |
0.03 |
|
DDH-87-SB-05 |
340102 |
95.95 |
96.56 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340103 |
97.78 |
98.39 |
0.61 |
0.06 |
|
DDH-87-SB-05 |
340104 |
98.39 |
99.00 |
0.61 |
0.07 |
|
DDH-87-SB-05 |
340105 |
99.00 |
99.61 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340106 |
99.61 |
100.25 |
0.64 |
< 0.03 |
|
DDH-87-SB-05 |
340107 |
101.19 |
101.80 |
0.61 |
0.03 |
|
DDH-87-SB-05 |
340108 |
101.80 |
102.41 |
0.61 |
0.03 |
|
DDH-87-SB-05 |
340109 |
102.41 |
103.02 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340110 |
103.02 |
103.63 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340111 |
103.63 |
104.24 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340112 |
104.24 |
104.85 |
0.61 |
0.03 |
|
DDH-87-SB-05 |
340113 |
104.85 |
105.46 |
0.61 |
0.03 |
|
DDH-87-SB-05 |
340114 |
105.46 |
106.07 |
0.61 |
< 0.03 |
|
DDH-87-SB-05 |
340115 |
106.07 |
106.68 |
0.61 |
0.03 |
|
DDH-87-SB-11 |
340116 |
44.74 |
45.35 |
0.61 |
0.07 |
|
DDH-87-SB-11 |
340117 |
45.35 |
45.96 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340118 |
45.96 |
46.57 |
0.61 |
0.03 |
|
DDH-87-SB-11 |
340119 |
47.79 |
48.43 |
0.64 |
< 0.03 |
|
DDH-87-SB-11 |
340120 |
48.43 |
49.07 |
0.64 |
< 0.03 |
|
DDH-87-SB-11 |
340121 |
49.07 |
49.68 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340122 |
49.68 |
50.29 |
0.61 |
0.03 |
|
DDH-87-SB-11 |
340123 |
50.29 |
50.90 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340124 |
51.51 |
52.12 |
0.61 |
0.13 |
|
DDH-87-SB-11 |
340125 |
52.73 |
53.34 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340126 |
53.34 |
53.95 |
0.61 |
0.03 |
|
DDH-87-SB-11 |
340127 |
53.95 |
54.56 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340128 |
57.61 |
58.22 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340129 |
58.22 |
58.83 |
0.61 |
< 0.03 |
|
DDH-87-SB-11 |
340130 |
58.83 |
59.59 |
0.76 |
< 0.03 |
Table 2: Historic Esso Drill Core Resampling Gold Assays
Click Image To View Full Size
Image 2: Historic Esso Core Quarters from 87-SB-03
Click Image To View Full Size
Image 3: Example Mineralization in Quartered Core
Click Image To View Full Size
Image 4: Example Mineralization in Quartered Core
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. Junior Mining Network, April 2, 2024
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 historic Esso core, channel sampling completed at the Twilight Zone outcrop. News Link
October 2025:
Assays reveal 0.33 g/t Au over 25.74m from historic hole 87-SB-03, with additional gold in proximity to the Twilight Zone.
Quality Assurance / Quality Control
All samples were quartered with a wet saw. Samples were then placed in pre-labelled sample bags. Samples were securely transported by field staff to ActLabs in Dryden, ON for 1A3 Au fire assay. Samples are dried and pulverized with subsequent random sample size of 5 to 50 grams. The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The mixture is then preheated at 850°C, intermediate 950°C and finish 1060°C with the entire fusion process lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to recover the Ag (doré bead) + Au. Au is separated from the Ag in the doré bead by parting with nitric acid. The resulting gold flake is annealed using a torch. The gold flake remaining is weighed gravimetrically on a microbalance.
NI 43-101 Disclosure
The technical information in this news release was prepared and reviewed 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.
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.
References
[1]
[2]
References from Images
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 Burnthut, Tabor, Howie, Alto-Gardnar and Sakoose 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: [email protected]
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
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.”
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