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Gold 3,993.70 −0.9% Silver 51.82 +1.2% Copper 6.27 +0.6% Oil 86.31 +0.3% Palladium 1,036.50 +1.5% TNR 0.412 +37.5% ORCL 0.030 +0.0% ELD 47.70 −5.4% OPW 0.140 −6.7% CDE 21.44 −1.2% AEM 265.31 −1.9% WDO 27.69 −2.2% BEA 0.090 +0.0% GAU 3.39 −4.8% BTO 7.37 −2.4% IMG 25.89 −1.7% BOL 0.055 −8.3% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% GSKR 2.78 −3.1% Gold 3,993.70 −0.9% Silver 51.82 +1.2% Copper 6.27 +0.6% Oil 86.31 +0.3% Palladium 1,036.50 +1.5% TNR 0.412 +37.5% ORCL 0.030 +0.0% ELD 47.70 −5.4% OPW 0.140 −6.7% CDE 21.44 −1.2% AEM 265.31 −1.9% WDO 27.69 −2.2% BEA 0.090 +0.0% GAU 3.39 −4.8% BTO 7.37 −2.4% IMG 25.89 −1.7% BOL 0.055 −8.3% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% GSKR 2.78 −3.1%
Drill Results

Ashley Gold posts bond for Gold Mountain

By The Northwire Desk — AI Analysis Feb 05, 2026 · 19:41 ASHL · 0.075 Ashley Gold Corp
ASHL · Price

Executive Summary

  • Ashley Gold Corp. has posted a reclamation bond for its Gold Mountain polymetallic project in British Columbia, marking a critical milestone in the provincial permitting process.
  • The release details significant historical and recent exploration data, including high-grade gold, silver, copper, and lead intercepts from past drilling and sampling programs.
  • Management outlined a near-term strategic focus on the Dryden area (Tak patents) while providing a comprehensive overview of the BC government's mine permit and reclamation bond requirements.

Key Details

  • Bond & Permitting: Reclamation bond posted as a condition for permit issuance under BC Mines Act Section 10(4); covers full estimated reclamation/closure costs if the proponent defaults.
  • Project Location & Size: Gold Mountain project is located ~50 km northwest of Golden, BC, covering four claims totaling approximately 1,863 hectares.
  • North Showing Grab Sample: Returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu (Allen, 1982).
  • South Showing Peak Values: Recorded 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982).
  • 1984 Drilling Intervals:
  • 4.14 m @ 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, 8.74% Pb (Drill Hole A)
  • 4.85 m @ 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, 14.53% Pb (Drill Hole B)
  • 2020-2021 Exploration Results:
  • Five samples returned 1,000 to 6,670 g/t Ag
  • Eight samples returned 1,260 to 8,220 ppm Sb
  • Geological Context: Mineralized corridor spans over 600 metres, open at both ends, with mineralized boulders in a ~450m talus zone suggesting continuity between the North and South showings.
  • Recent Activity: New claim additions have been secured to facilitate expanded exploration along the mineralized trend.
  • NI 43-101 Disclosure: Technical information prepared/reviewed by Darcy Christian, PGeo (non-arm's length director/CEO). Historical data is unverified but considered indicative of project potential.

Notable Quotes

  • "Ashley has reached one of the final steps in the permitting process for our Gold Mountain polymetallic project. Vertebrae Ridge has had a notice of work submitted and is in the government review process." – President Noah Komavli
  • "With Ashley's near-term focus on the Dryden area -- specifically on the Tak patents -- a variety of strategic alternatives exist to streamline our operations if needed, with a focus on value creation for the company and shareholders." – President Noah Komavli
Read the original news release →

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