Ashley Gold hires Abitibi Geophysics for Tak IP survey

Executive Summary

• Ashley Gold Corp. announces operational readiness for its largest historical drill campaign, prioritizing the twinning of historic zones and targeting stepouts on its Tak patents.
• The company has engaged Abitibi Geophysics to deploy its 3-D OreVision IP survey system, aiming to overcome geological challenges in the Dryden area and generate high-resolution drill targets.
• A drilling crew is scheduled to mobilize on February 16th, contingent on the successful close of a current financing offering, while the company simultaneously secures in-house core processing infrastructure.

Key Details

• Drilling Program: Largest drill campaign in company history; first priority is to twin historic zones to bring them into compliance, followed by deep drilling and stepouts based on survey data.
• Geophysical Survey: Abitibi Geophysics will deploy the 3-D OreVision system over the Tak patents. The multielectrode setup and noise-reduced cable are designed to penetrate conductive overburden and rough topography, providing deep resolution and high-resolution near-surface data.
• Survey Objectives: OreVision will generate 3-D chargeability and resistivity models to trace mineralization extent, map QFP body boundaries/alteration zones, and delineate priority drill targets along a 1.5-kilometre corridor.
• Mobilization Schedule: Drilling crew mobilization is confirmed for February 16th, with contractor selection already completed.
• In-House Infrastructure: Company is retrofitting two shipping containers for mobile core cutting and logging sites, including the procurement of a Husqvarna MS-610 core saw and diamond blades for installation in late February.
• Financing Context: Drilling mobilization is tied to the successful close of a current offering, referenced in early 2026 financing updates.
• Technical Disclosure: Prepared/reviewed by Darcy Christian, PGeo (CEO), a Qualified Person under NI 43-101. Historical data is noted as potentially unreliable but indicative of project potential.

Notable Quotes

• President Noah Komavli: "Ashley is in a state of operational readiness for the largest drill campaign in company history. We are moving quickly to secure data needed for deep drilling, stepouts and target selection."
• President Noah Komavli: "This will be the first modern survey ever conducted on the patented ground. I am excited to receive and execute on results."
• President Noah Komavli: "On successful close of our offering, we will mobilize a drilling crew to site, with contractor selection already completed. The first priority will be to twin the historic zones, bringing historic holes into compliance."