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
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.
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Cash consideration of CDN $190,000 plus taxes, land‑transfer, legal and accounting fees paid by related party 1000903966 Ontario Inc.
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Related Party Transaction:
- Non‑arms‑length deal between Ashley Gold Corp. and 1000903966 Ontario Inc., controlled by President Noah Komavli.
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Exemptions from formal valuation and minority shareholder approval under MI 61‑101 (consideration < 25 % of market cap).
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Share Ownership Impact:
- Post‑transaction, total issued & outstanding securities will be 73,789,873.
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Noah Komavli (direct + through 1000903966 Ontario) will hold ~9,444,000 shares (~12.8 % of float).
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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.
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2002 Southern Rio program: 8 holes outlining gold values over a ~350 m strike to 100 m depth.
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Geological Setting:
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Large quartz‑feldspar porphyry body, ≥500 m wide × 1,400 m long, with stockwork quartz‑carbonate veining and associated copper mineralization (CMETC potential).
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Future Exploration Plans:
- Winter 2026 drilling program under discussion with a driller; target selection and pad planning aimed at high‑impact delineation.
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Mobile core‑cutting and logging setup planned for Sioux Lookout area, funded by existing capital.
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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.”