Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,949.10 −0.5% Silver 49.95 −1.8% Copper 6.42 −2.2% Oil 96.29 −0.2% Palladium 938.50 −3.1% MON 0.395 +0.0% GAL 0.345 +0.0% MUR 0.160 +0.0% EQTY 0.085 +0.0% BARU 0.040 +0.0% GGO 1.02 +1.0% DNG 5.29 +0.6% VCU 0.770 +0.0% NVX 0.950 +4.4% LOD 0.220 +0.0% OBUL 0.375 −1.3% VMXX 0.370 +1.4% TGOL 0.130 +0.0% WINS 0.075 +0.0% EAU 0.045 +0.0% JZR 0.180 −2.7% Gold 3,949.10 −0.5% Silver 49.95 −1.8% Copper 6.42 −2.2% Oil 96.29 −0.2% Palladium 938.50 −3.1% MON 0.395 +0.0% GAL 0.345 +0.0% MUR 0.160 +0.0% EQTY 0.085 +0.0% BARU 0.040 +0.0% GGO 1.02 +1.0% DNG 5.29 +0.6% VCU 0.770 +0.0% NVX 0.950 +4.4% LOD 0.220 +0.0% OBUL 0.375 −1.3% VMXX 0.370 +1.4% TGOL 0.130 +0.0% WINS 0.075 +0.0% EAU 0.045 +0.0% JZR 0.180 −2.7%
Drill Results Routine +

Ashley Gold Corp. Reports TAK-26-03 Assay, Intercepts 2.347 g/t Au over 4.35m, Within 156.5m of Anomalous Gold, Dryden Area, Ontario

Ashley Gold confirms broad gold intercepts at Tak Patents, advancing Phase 2 drilling adjacent to NexGold's Goliath complex.

By The Northwire Desk — AI Analysis Jun 04, 2026 · 16:10 ASHL · 0.06 Ashley Gold Corp.
Executive Summary
  • Ashley Gold Corp. reported assay results from drill hole TAK-26-03 on its wholly owned Tak Patents in the Dryden Area, Ontario.
  • The hole returned 0.220 g/t Au over 156.50m, including a high-grade interval of 2.347 g/t Au over 4.35m.
  • Results confirm and expand the southern width of the historic D99Z zone, demonstrating pervasive gold mineralization and hydrothermal alteration consistent with a large-scale porphyry system.
  • Phase 2 drilling is currently underway with three holes completed and a fourth collared, shifting focus to the 67Z zone.
  • The company acquired 100% ownership of the Tak Patents (~100 ha) on Jan 6, 2026, via an all-stock transaction for 3.5M shares, carrying a 5% NSR to Royal Gold Inc. with a 2.5% buyback option for $1M.
  • Core logging reveals pervasive green sericite-chlorite alteration, brecciation, quartz veining, and increased sulphide content.
Material Impact
  • The news is a routine positive exploration update that aligns with previous Phase 1 results (TAK-26-01 and TAK-26-02).
  • It validates the company's geological model of a broad, low-to-mid grade quartz-feldspar porphyry system with stockwork mineralization.
  • The intercepts are in line with management's expectations and do not represent a sudden grade or scale surprise.
  • No immediate financial impact or resource definition is triggered, but the data supports continued Phase 2 drilling and potential future step-out targets.
ASHL · Price
Company Overview
  • Ashley Gold Corp. is an early-stage gold exploration company focused on properties in Ontario and British Columbia.
  • The flagship project is the Tak Patents (part of the Burnthut Project), located adjacent to NexGold's Goliath-Gold complex in the Dryden Area.
  • The target is a large quartz-feldspar porphyry body (≥500m wide × 1,400m long) with stockwork gold mineralization, historically showing intercepts like 2.082 g/t Au over 31.83m.
  • The company is systematically advancing multiple projects through drilling, geophysics, and channel sampling to build a diversified portfolio.
Read the original news release →

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Drill Results