Northwire Canada EditionTuesday, July 28, 2026
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MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.300 +0.0% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.300 +0.0%
Drill Results

Ashley Gold Corp. Provides BC Update - Receives Diamond Drill Permit for Gold Mountain Polymetallic Project

By The Northwire Desk — AI Analysis Mar 13, 2026 · 08:30 ASHL · 0.06 Ashley Gold Corp.
ASHL · Price

Executive Summary

  • Ashley Gold Corp. received all required permits to commence a drill campaign on its Gold Mountain Project in British Columbia.
  • The release highlights historic high‑grade intercepts from 1982–1984 drilling and recent surface sampling that demonstrate significant polymetallic mineralization (Au, Ag, Cu, Pb, Sb).
  • A final issuance of 2,000,000 shares to Pegasus Resources Inc. was completed as consideration for the permit, bringing total issued common shares to 85,844,873.

Key Details

  • Permit Acquisition: All necessary permits obtained; enables start of a new drill program focused on the Dryden Area’s Tak Patents and future work on BC projects.
  • Historical High‑Grade Intercepts (1984 drilling):
  • Drillhole A – 4.14 m @ 57.62 g/t Au, 7,349.5 g/t Ag, 16.5 % Cu, 8.74 % Pb.
  • Drillhole B – 4.85 m @ 29.99 g/t Au, 6,711.3 g/t Ag, 11.0 % Cu, 14.53 % Pb.
  • Historic Grab Samples (1982):
  • North Showing – 4.87 g/t Au, 710 g/t Ag, 1.89 % Cu.
  • South Showing – 30.3 g/t Au, 13,301 g/t Ag, 32.54 % Cu.
  • Recent Surface Sampling (2020‑2021):
  • Five samples returned 1,000–6,670 g/t Ag.
  • Eight samples returned 1,260–8,220 ppm Sb.
  • Project Overview: Gold Mountain covers ~1,863 ha across four claims; mineralized corridor spans ~600 m with two primary showings (North and South) separated by talus zone suggesting continuity.
  • Share Issuance Details: Final issuance of 2,000,000 shares to Pegasus Resources Inc. as per March 19 2025 agreement; shares subject to a statutory 4‑month‑1‑day hold; total issued common shares now 85,844,873.
  • Qualified Person Review: Technical information reviewed by Darcy Christian, P.Geo., Director & CEO, qualified under NI 43‑101 (non‑arms‑length).

Notable Quotes

“Ashley has reached a significant milestone for the Gold Mountain polymetallic project. Historic results as well as recent surface sampling have revealed compelling numbers across precious and base metals.” – President Noah Komavli

All forward‑looking statements are subject to risks and uncertainties; actual results may differ.

Read the original news release →

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