Ashley's Tak survey shows resistive trend on surface

Executive Summary

• Ashley Gold completed a 19.5 km induced‑polarization (IP) survey over its Burnthut and Tak patents, revealing a 1 km surface resistive trend that may delineate a sizable porphyry body.
• Interim IP data show moderate chargeability coincident with high resistivity—key early indicators of mineralisation—prompting plans for targeted drilling using an inverted 3‑D model.
• The company engaged local indigenous contractor Perron Contracting for pad clearing and drill roadwork, reinforcing community partnerships.

Key Details

• Survey Scope: 19.5 km of IP lines run at 50 m spacing across the main zone; easternmost portion of Tak patents excluded pending permitting.
• Geophysical Highlights:
• One‑kilometre resistive trend identified on surface with moderate coincident chargeability.
• Data suggest possible extension of a porphyry body beneath the Burnthut project.
• Data Status: Interim 2‑D IP data received; full processed dataset pending release.
• Future Work Plan:
• Historic drill confirmations and step‑out holes along the resistive trend guided by interim 2‑D model.
• Next drilling campaign to be designed using an inverted 3‑D IP model.
• Contractor Engagement: Perron Contracting (100 % indigenous‑owned) hired for pad clearing and drill roadwork, supporting local employment and expertise.
• Project Overview – Burnthut & Tak Patents:
• 100 % owned Burnthut project: 83 claims, six patents, one mining licence; 1,900 ha total area, situated NE of Nexgold’s Goliath‑Gold complex.
• Tak patents formerly operated by Lac Minerals (Barrick); 5 % NSR with 2.5 % buy‑back for $1 M held by Royal Gold Inc., limited to Tak boundary.
• Timeline:
• Feb 10 2026 – Engagement of Abitibi Geophysics for 3‑D OreVision deployment.
• Feb 16 2026 – Mobilisation to site; line cutting and wire installation commenced.
• Mar 10 2026 – Completion of line readings; demobilisation on Mar 11 2026.
• Qualified Person: Darcy Christian, P.Geo., CEO of Ashley Gold, reviewed and approved the technical information in accordance with NI 43‑101.

Notable Quotes

“The acquisition of this data will allow for efficient drill targeting with minimal trenching… we are encouraged by what we see.” – President Noah Komavli

“Our focus will be historic confirmations and stepouts along the main trend, guided by the interim 2‑D data. The next drill program will follow up using the inverted 3‑D model.” – President Noah Komavli

All forward‑looking statements are subject to risks and uncertainties; readers should refer to Ashley Gold Corp.’s latest filings for detailed disclosures.