Ashley to conduct fall exploration at Gold Mountain

Executive Summary

• Ashley Gold Corp. has retained Dahrouge Geological Consulting Ltd. to manage and undertake a fall exploration program at its Gold Mountain project in British Columbia, focusing on surface sampling and target selection for future drilling.
• The company is advancing drill plans for its Dryden, Ontario assets while simultaneously expanding knowledge of the 500-metre mineralized strike length at Gold Mountain.
• Historical and recent data highlight high-grade polymetallic potential, with historical grab samples showing up to 30.3 g/t Au and 13,301 g/t Ag, and recent sampling confirming silver and antimony mineralization.

Key Details

• Technical Advisor Retention: Dahrouge Geological Consulting Ltd. (Edmonton, Alta.) retained to manage BC exploration assets; Nathan Schmidt, PGeo, is the Qualified Person.
• Gold Mountain Project (BC):
  • Located ~50 km northwest of Golden, B.C.
  • Consists of four claims covering ~1,863 hectares.
  • Part of the "Icefield portfolio."
  • Current Activity: Surface sampling underway to validate target selection for future drill programs while a Notice of Work (NOW) for diamond drilling is processed.
  • North Showing: 1982 grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu.
  • South Showing: Historical peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982).
  • 1984 Drilling (Parr, 1984):
    • Hole A: 4.14 m at 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, 8.74% Pb.
    • Hole B: 4.85 m at 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, 14.53% Pb.
  • 2020-2021 Exploration:
    • Five samples returned 1,000 to 6,670 g/t Ag.
    • Eight samples returned 1,260 to 8,220 ppm Sb.
  • Geology: Mineralized corridor spanning >600 metres; South and North showings separated by ~450m of talus with mineralized boulders suggesting continuity.
• Dryden, Ontario Assets: Team advancing drill plans and core cutting considerations.
• Disclaimer: Historical data (pre-2020) has not been fully verified by the Qualified Person; grab samples are selective and may not represent true underlying mineralization.

Notable Quotes

• "Ashley Gold's team is busily advancing drill plans and core cutting considerations in Dryden, Ont." — President Noah Komavli
• "I am also very happy to announce Ashley has retained Dahrouge Geological Consulting Ltd., a leading consulting firm in the minerals industry -- who have a long track record of discoveries. We look forward to their taking on the management of the company's British Columbia exploration assets." — President Noah Komavli
• "With a notice of work submitted by the prior claim operator for diamond drilling, this project is sufficiently advanced for the next stage of exploration." — President Noah Komavli