Ashley Gold Further Consolidates Tabor and Sakoose, Provides Exploration Update
thenewswire.com
Calgary, Alberta – TheNewswire – June 17, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has entered into an agreement with an arm's length party for 100% ownership of additional claims, bordering the Company's Sakoose Project. No finders fees will be paid.
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Figure 1: Tabor and Sakoose Project, Expanded
President Noah Komavli states;
“Following the completion of our initial sampling program, we successfully acquired claims south of the Sakoose mine site — marking the first time this area has been held under unified ownership.
Historically, fragmented ownership limited exploration at Tabor and Sakoose, despite both sites having records of small-scale gold production. Ashley’s unified geological model will look to consolidate and compile over 120 years of data. This compilation will guide our next phase of exploration and be a key focus in the coming quarter.
The newly acquired ground includes two known shafts and an old adit, with a historic grab sample from a waste dump reporting up to 12 ounces per ton gold¹*. This acquisition enables a true district-scale approach to exploration.
Our field crew’s recent sampling at both Burnthut and Tabor/Sakoose was successful in discovering new occurrences that look very promising.
At the Tabor/Sakoose, a first pass through select logged areas identified exposed surface outcrop, which highlights strong potential for near-mine discovery. Assay results from this program are currently pending.
We look forward to sharing results and plan to re-mobilize the crew for a focused follow-up sampling program across Tabor, Sakoose, and the newly acquired ground.”
About the Brockman Claims1,2,3
The Brockman claims are located approximately 2 km south of the historic Sakoose mine optioned by Ashley. Access is excellent with an all weather gravel road onto the property shared with the Sakoose mine.
In 1899 a 6.5 ft. x 9.8 ft. timbered shaft was sunk to a depth of 142 ft. on shear zone occupied milk white to dark blue-gray quartz vein. The vein strikes northwest, dips steeply west, and pinches and swells along its strike and dip. Bow (1899) reported that the vein was traced for a strike length of 1000 ft (~300m). The vein contains iron carbonate and angular, chloritic fragments of mafic wall rock. The fragments and wall rock immediately next to the vein are intensely altered by iron carbonate. The vein was reported by Bow (1899) to have been "extremely rich" with visible gold. This was later confirmed by Ontario resident geologist Kresz in 1987 noting grab samples out of the dump showed small flakes of visible gold in quartz vein material. In 1984 Teck Exploration assayed 4 oz/ton Au (124g/t Au)* grab sample located 60m from the shaft. 240m southwest of the Brockman Shaft a small adit was driven 50ft along a shear zone. Near the adit Kresz (1987) took 4 grab samples from the waste pile ranging from 0.05-12.66oz/t (1.56-394g/t Au)* and up to 46g/t Ag*.
Prospecting Update
The field team completed a sampling program across two properties in order to better understand surface outcropping and to test zones for gold values.
Burnthut
Recent exploration at the Burnthut Peninsula has uncovered promising mineralized zones and another new zone.
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Figure 2: Omega Extension Zone Outcropping, Located Inland, Samples
- Omega Extension [Figure 2]: A 10 m wide altered tuff zone, located 25-50 m inland, mirrors the Omega Zone which returned up to 3 g/t Au over 2 m at just 40 m depth from prior drilling [BH-25-001]. The tuff hosts multiple quartz veinlets (up to 5 mm) and up to 3% pyrite cubes, indicating potential for further gold mineralization.
- Omega Zone: A 25 m wide silicified tuff ridge, 50 m inland, contains up to 2% pyrite cubes. Limited bedrock exposure due to thick moss cover suggests additional showings may exist inland.
Click Image To View Full SizeFigure 3: Big Zone Outcropping, Samples
- Big Zone [Figure 3]: A new parallel structure, 20-30 m wide, intensely sheared deformation zone trending 260° hosting a visible 1 m wide quartz vein with trace pyrite and malachite.
- Weathered rock with sugary quartz veins and 5-10% pyrite cube remnants shows promise, pending assay results. Two narrower quartz veins along the shore resemble the Oro South showing.
Tabor/Sakoose
Prospecting in a clear-cut area between Tabor Lake Shaft and Sakoose Mine revealed significant mineralization in a new showing. [Figure 1]
Click Image To View Full SizeFigure 4: Grab Sample from the Black Fly Showing, Located Between Tabor and Sakoose
- Blackfly Showing [Figure 4]: A 30 m wide deformation zone in a quartz-feldspar-porphyry (QFP) unit, 300 m south of Tabor Lake Road, features intense silicification, iron carbonate, and fuchsite alteration.
- A 5-10 m wide zone with quartz-carbonate stockwork veins (up to 6 inches) and trace pyrite at vein margins shows a banded, grey silicified appearance. The zone, traced 25 m west, is on contact with gabbro and warrants further exploration.
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Figure 5: Fuchsite Grab Sample with Significant Sulfide Content
Terms of Acquisition:
- Ashley will issue 200,000 shares, at a deemed price of $0.05 per share, subject to a 4 month, 1 day hold
- Vendor has been paid $5,000.00 CAD
- Vendor will retain a 1% NSR over the claims, subject to a 0.5% buy back for $500,000 CAD
*Grab samples are selective samples and the assay results may not necessarily represent true underlying mineralization. Samples discussed on the Brockman claims are historical in nature and are not 43-101 compliant. Future work will be conducted this summer to confirm historical results.
1https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/20000022693/20000022693_01.pdf
2https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/publication/OFR5659/OFR5659.pdf
3https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/publication/OFR5723/OFR5723.pdf
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.
Ashley Gold Corp. is focused on discovering world-class gold deposits through innovative and efficient exploration.
In the Dryden area of Ontario, the Company holds 100% interest in the Burnthut Property (1.5% NSR), Tabor Lake Lease (1.5% royalty), Howie Lake Project (0.5% royalty), Alto-Gardnar Project (0.5% royalty), and Santa Maria Project (1.75% royalty), with an option to earn 100% of the Sakoose claims (1.5% NSR). In BC, Ashley holds the Icefield Portfolio, a group of three highly prospective claim packages along the BC/Alberta border. Each project is highly prospective for polymetallic systems.
Operating in mining-friendly jurisdictions, Ashley is dedicated to creating long-term value for shareholders.
For more information, visit: www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, 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.” |
