Ashley Gold Corp. Announces Ground Prospecting Results from Santa-Maria, Howie, Ontario Projects

Executive Summary

• Ashley Gold Corp. released grab‑sample assay results for its Santa Maria, Lee Lake South‑East, and Howie projects, highlighting anomalous gold grades up to 7.46 g/t Au and silver values up to 4.10 g/t Ag.
• The company noted that these early‑stage results confirm elevated gold at historic showings and support the bulk‑tonnage target potential of the projects.
• Management indicated a forthcoming strategic review with expected streamlining announcements in the coming weeks, suggesting possible corporate actions pending materialization of exploration results.

Key Details

• Santa Maria – Lee Lake SE: Sample 346601 returned 7.46 g/t Au and 1.00 g/t Ag; sample 346602 (blast rock) showed 0.2 g/t Au (NSV).
• Santa Maria – 1 Pit: Four grab samples reported:
• 346605: 4.65 g/t Au, 0.70 g/t Ag
• 346604: 4.07 g/t Au, 0.90 g/t Ag
• 346603: 2.86 g/t Au, 1.10 g/t Ag
• Howie – Creek Showing: Sample 346606 returned 0.36 g/t Au, 0.50 g/t Ag.
• Howie – Twilight Zone: Sample 346607 returned 0.65 g/t Au, 4.10 g/t Ag; aligns with prior channel assay average of 0.624 g/t Au over 22.9 m announced Sep 22, 2025.
• President Noah Komavli emphasized that grab sampling is selective but the consistent theme of elevated gold (and trace silver) across showings is encouraging for future drilling.
• CEO Darcy Christian confirmed the technical review and qualified‑person status; noted historical data may be unreliable but still indicative of potential.
• The release includes a brief project history timeline (May 1987 – Mar 2025) outlining past exploration activities, permits, IP surveys, and recent high‑grade channel sampling up to 20.2 g/t Au.
• Quality control procedures: field collection with hammer/chisel, GPS location, fire‑assay at ActLabs (1A3 Au), multi‑element ICP analysis (38 elements) with extensive QC checks.
• Forward‑looking statement: strategic review underway; streamlining efforts to be announced in coming weeks as developments become material.

Notable Quotes

“Grab sampling is selective by nature, but it is nice to see a theme of elevated gold values at the showings, paired with trace amounts of valuable byproducts, like silver.” – President Noah Komavli

“Both of these occurrences are at a very early stage and will require more detailed follow‑up.” – President Noah Komavli