Ashley samples 6.61 g/t Au, 2.06% Cu at Gold Mountain

Executive Summary

• Ashley Gold Corp. has released assay results from a helicopter-supported ground geological sampling program at its Gold Mountain property in British Columbia.
• The program confirmed a historically identified northwest-trending high-grade corridor extending over approximately 1.2 kilometres at surface.
• Peak surface grab sample assays returned 6.61 g/t Au, 204 g/t Ag, and 2.06% Cu, with associated antimony values up to 0.17%.
• The company plans to submit a notice of work for diamond drilling at Gold Mountain and advance permitting on the Vertebrae Ridge property.

Key Details

• Sample Program: 15 outcrop grab samples collected during a 2025 helicopter-supported ground program completed over two field days.
• Peak Assays (Gold Mountain):
  • Sample GM25-FS006: 6.61 g/t Au, 2.06% Cu, and 0.17% Sb.
  • Sample GM25-FS005: 204 g/t Ag, 1.45% Cu, and 0.15% Sb.
  • Sample GM25-FS010: 6.46 g/t Au and 194 g/t Ag.
• Corridor Confirmation: The sampling confirmed a northwest-trending high-grade corridor extending over ~1.2 km at surface. No significant results were returned outside of this main trend.
• Historical Context (North Showing):
  • 1982 grab sample: 4.87 g/t Au, 710 g/t Ag, 1.89% Cu.
  • 1984 Drilling (Parr, 1984):
    • Hole A: 4.14 m @ 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, 8.74% Pb.
    • Hole B: 4.85 m @ 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, 14.53% Pb.
• Historical Context (South Showing):
  • 1982 peak values: 30.3 g/t Au, 13,301 g/t Ag, 32.54% Cu.
• Future Plans:
  • Notice of work for Gold Mountain diamond drilling has been submitted to test mineralization at depth.
  • Permitting advancement for the sister property, Vertebrae Ridge (approx. 4 km long trend of high-grade copper and silver at surface).
  • Focus shifting to drilling plans in Dryden, Ontario, in late fall and winter.
• Outstanding Assays: Several assays remain outstanding, including Howie multielement channel results and Alto-Gardnar channel sampling results.
• QA/QC: Samples analyzed by AGAT Laboratories using multielement four-acid digestion with ICP-OES finish and gold by 30 g fire assay with AA finish. Two quartz blanks inserted representing ~11% of samples.

Notable Quotes

• Noah Komavli, President: "Gold Mountain continues to demonstrate early hallmarks of grade and scale at surface, necessitating the next steps of diamond drilling."
• Noah Komavli, President: "These results continue to demonstrate that Ashley Gold Corp. has consolidated a significant portfolio of high-potential projects that will contribute to our mission of discovering the next gold resource in Canada."