Ashley Gold Corp. Completes Maiden Howie Drill Program

Executive Summary

• Ashley Gold Corp. completed its maiden Howie drill program (4 holes, 559 m total) and identified a previously undocumented deformation zone in the Gap Zone with carbonate alteration, quartz veining, and sulfide mineralization.
• Significant intercepts include HL‑25‑01 (Howie Zone at 38 m), HL‑25‑02 (deformation zone to 113 m), HL‑25‑03 (mineralized deformation zone at depth), and HL‑25‑04 (shallow dip of Twilight structure).
• The company will incorporate the results into a structural model and plans a fully funded follow‑up drill program on the Burnthut Project and Alto‑Gardnar, targeted for early 2026 pending permits.

Key Details

• Program Execution: 4 holes drilled from 3 pads (total 559 m); Hole 5 scrapped to preserve meterage after achieving target depth in Hole 4.
• HL‑25‑01: Intercepted the Howie Zone at 38 m – strongly silicified rocks with heavy pyrite and fuchsite; deeper at 68 m a narrow deformation zone with mineralized quartz stringers.
• HL‑25‑02: Extended to 113 m (vs planned 90 m); encountered wide deformation zones with strong carbonate alteration, quartz flooding, tightly spaced quartz stringers, and varying fuchsite.
• HL‑25‑03: Terminated at target depth; bottom intersected a prevalent deformation zone with carbonate alteration and mineralized quartz stringers containing fine‑to‑coarse visible sulfides – continuation of zones seen in HL‑25‑01/02.
• HL‑25‑04: Provided data showing the Twilight structure dips very shallowly to the southeast, contrary to surface interpretation; did not intersect surface mineralization.
• Deformation Zone Characteristics: Up to 20 m core width, located beneath overburden with no surface expression; hosts pervasive carbonate alteration and quartz‑flooded sections with mineralized stringers.
• Historical Context: Prior work (Esso Minerals 1987, surface sampling 2022–2025) indicated gold potential with assays up to 52.80 g/t Au; recent IP surveys guided target selection.
• Future Plans: Results will feed a structural model; company intends to commence a fully funded drill program on the Burnthut Project and Alto‑Gardnar in early 2026, pending permitting.

Notable Quotes

“The program was a success in terms of execution as well as data collection, coming in on time and on budget… This scout drilling provides missing pieces in the exploration puzzle.” – President Noah Komavli

Prepared from the Ashley Gold Corp. news release dated December 17 2025.