Northwire Canada EditionSaturday, October 31, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Ashley Gold Corp. Provides Visuals from Phase 2 Drilling in 67Z, Dryden Area, Ontario

Dryden-area junior advances Tak Patents Phase 2 drilling with early visual mineralization, awaiting assay confirmation.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 07:31 ASHL · 0.055 Ashley Gold Corp.
Executive Summary
  • Ashley Gold Corp. released a visual update on its Phase 2 drilling program at the Tak Project, specifically targeting the 67Z zone in the Dryden area, Ontario.
  • Four Phase 2 holes have been completed, revealing strong visual indicators including stockworks in quartz-feldspar porphyry (QFP), potassic alteration, and the highest sulphide content encountered to date on the project.
  • Laboratory assay results for these visual indicators are pending.
  • Phase 1 drilling is largely complete with five holes finished and two awaiting assays.
  • The company plans Phase 3 to step out from the 67Z, test the Northern Trench Zone (NTZ), and evaluate newly identified eastern outcrops, supported by a recent IP survey highlighting a +1km resistive body.
  • The Tak Patents were acquired in January 2026 for 3.5M shares and $190k cash, carrying a 5% NSR to Royal Gold Inc.
Material Impact
  • The release is an operational exploration update rather than a financial or assay result announcement.
  • Visual core descriptions are preliminary and subject to laboratory confirmation; they do not yet provide the quantitative data required to model a resource or re-rate the asset.
  • The market has already priced in the acquisition of the Tak Patents and the planned 4,000m drilling program announced in early 2026.
  • The update confirms execution of the announced Phase 2 program but adds no fundamentally new financial or geological data.
ASHL · Price
Company Overview
  • Ashley Gold Corp. is a junior gold exploration company focused on early-stage projects in the Dryden area of Ontario and British Columbia.
  • Key assets include the Tak Patents (Burnthut Project), Howie, Alto-Gardnar, Gold Mountain, and the Icefield portfolio.
  • All properties are in exploration stages with no known commercial reserves or resources.
  • The company has been actively acquiring, permitting, and drilling across its portfolio, aiming to delineate high-grade gold zones and bulk-tonnage targets.
  • Management has emphasized a disciplined capital allocation strategy, divesting non-core assets (Tabor-Sakoose) to fund core Dryden exploration.
Read the original news release →

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Jun 30, 2026 · 08:56

A drill-bit story with high-grade grabs but no resource, burning cash while promises await lab results.

Drill Results Jun 25, 2026 · 07:30

High-grade grab samples at Tak Patents advance Dryden exploration, but dilution and going-concern risks persist.

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M&A / Property