Ashley Gold Corp. Provides Interim IP Data, 1km Resistive Trend Unveiled on the Tak Patents, Abutting NexGold Goliath-Gold Complex

Executive Summary

• Completed a 19.5 km induced‑polarization (IP) survey over the Burnthut & Tak Patents property with lines spaced at 50 m.
• Received interim IP data showing a 1 km surface resistive trend with moderate chargeability, suggesting possible extension of the known porphyry body.
• Engaged Perron Contracting, a 100 % Indigenous‑owned firm, for pad clearing and drill‑road work to support upcoming drilling programs.

Key Details

• Survey Scope: 19.5 km of IP lines at 50 m spacing across the main zone; easternmost portion of Tak Patents excluded pending permitting.
• Interim Findings:
• Surface resistivity model reveals a ~1 km long resistive trend coincident with moderate chargeability anomalies.
• These geophysical signatures align with historic drill holes that showed elevated mineralization, indicating potential for further gold‑bearing porphyry extensions.
• Data Timeline:
• Mobilisation began 16 Feb 2026; line cutting and wire installation completed shortly thereafter.
• Line readings finished 10 Mar 2026; demobilisation on 11 Mar 2026.
• Future Work Plan:
• Full processing of the IP dataset is pending; a complete 3‑D inverted model will guide the next drill campaign.
• Planned step‑out drilling along the identified resistive trend and historic confirmation holes.
• Contractor Engagement: Perron Contracting hired for pad clearing and drill‑road construction; noted as a local Indigenous‑owned business with expertise in remote‑site work.
• Project Ownership & Structure:
• Ashley Gold Corp. holds 100 % of the Burnthut Project (83 claims, 6 patents, 1 mining licence; ~1,900 ha).
• A 5 % NSR with a 2.5 % buy‑back for US$1 M is held by Royal Gold Inc. on the Tak boundary only; no NSRs on the Burnthut main block.
• Historical Context: The property lies northeast of Nexgold’s Goliath‑Gold complex; recent staking activity by Kenorland Minerals Ltd. noted on the southern boundary.

Notable Quotes

“The acquisition of this data will allow for efficient drill targeting with minimal trenching… We are encouraged by the moderate chargeability and high resistivity in areas of historic drilling.” – Noah Komavli, President

“We are also excited to announce a work program with Perron Contracting, a local firm that is 100 % owned by Indigenous. Perron is an industry leader in remote work…” – Noah Komavli, President