Northwire Canada EditionFriday, November 13, 2026
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Drill Results

Ashley Gold Corp. Expands Presence Adjoining NexGold Mining Corp.'s Goliath Gold Complex, Acquires Ownership of the Tak Patents in All Stock Transaction, Optimizes Burnthut Project, ON

By The Northwire Desk — AI Analysis Jan 06, 2026 · 08:45 ASHL · 0.08 Ashley Gold Corp.
ASHL · Price

Executive Summary

  • Ashley Gold Corp. announced a definitive all‑stock acquisition of 100 % of the Tak Patents, adding a historic 1.5 km mineralized corridor with high‑grade gold potential to its Dryden Area portfolio.
  • The transaction is being completed via issuance of 3.5 million common shares (valued at the closing price on Dec 23 2025) and a cash purchase price of CDN $190,000 plus related fees.
  • Management highlighted historic drill intercepts (e.g., 2.082 g/t Au over 31.83 m; 11.778 g/t Au over 2.88 m) and announced plans for a 2026 winter drilling program and mobile core‑cutting/logging setup to delineate the deposit.

Key Details

  • Acquisition Structure:
  • Issuance of 3,500,000 common shares (subject to statutory hold periods) at the closing price on Dec 23 2025.

  • Cash consideration of CDN $190,000 plus taxes, land‑transfer, legal and accounting fees paid by related party 1000903966 Ontario Inc.

  • Related Party Transaction:

  • Non‑arms‑length deal between Ashley Gold Corp. and 1000903966 Ontario Inc., controlled by President Noah Komavli.

  • Exemptions from formal valuation and minority shareholder approval under MI 61‑101 (consideration < 25 % of market cap).

  • Share Ownership Impact:

  • Post‑transaction, total issued & outstanding securities will be 73,789,873.

  • Noah Komavli (direct + through 1000903966 Ontario) will hold ~9,444,000 shares (~12.8 % of float).

  • Historic Mineralization Highlights:

  • Tak‑99‑10: 2.082 g/t Au over 31.83 m (3.57‑35.40 m); includes 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m.

  • 2002 Southern Rio program: 8 holes outlining gold values over a ~350 m strike to 100 m depth.

  • Geological Setting:

  • Large quartz‑feldspar porphyry body, ≥500 m wide × 1,400 m long, with stockwork quartz‑carbonate veining and associated copper mineralization (CMETC potential).

  • Future Exploration Plans:

  • Winter 2026 drilling program under discussion with a driller; target selection and pad planning aimed at high‑impact delineation.

  • Mobile core‑cutting and logging setup planned for Sioux Lookout area, funded by existing capital.

  • Regulatory & Disclosure:

  • Transaction subject to CSE approval; NI 43‑101 qualified person (CEO Darcy Christian, P.Geo.) reviewed technical information.
  • Royalty of 5 % held by Royal Gold Inc., with a 2.5 % buyback option at $1 M.

Notable Quotes

  • Darcy Christian, CEO: “The Tak Patents will become a cornerstone of our portfolio…high‑grade gold intervals within a lower‑grade envelope suggest a bulk‑tonnage setting…to be proved up through near‑term drilling.”
  • Noah Komavli, President: “Our focus will be to confirm the past grades and work towards expansion…The Tak Patents deliver another diversified project with CMETC potential…ensuring a catalyst‑rich winter while protecting company capital.”
Read the original news release →

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