Ashley Gold Corp. Reports TAK-26-03 Assay, Intercepts 2.347 g/t Au over 4.35m, Within 156.5m of Anomalous Gold, Dryden Area, Ontario
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Reports TAK-26-03 Assay, Intercepts 2.347 g/t Au over 4.35m, Within 156.5m of Anomalous Gold, Dryden Area, Ontario
CALGARY, ALBERTA - June 4, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to share an additional assay result from the recently completed Phase 1 drill program on its wholly owned Tak Patents.
Highlights:
- 0.220 g/t Au over 156.50m (Entire Hole),
- Including; 0.332 g/t Au over 28.65m from collar (4.5 - 33.15m) and 0.580 g/t Au over 12.65m (22.50 - 33.15m), and;
- 0.749 g/t Au over 18.00m (92.0 - 110.0m) and 2.347 g/t Au over 4.35m (92.0 - 96.35m).
Updates:
- Phase 2 drilling ongoing, three holes completed and the fourth collared this morning.
Figure 1: Regional Map and Area of Activity
President Noah Komavli:
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“TAK-26-03 continues to show elevated gold values throughout much of the core length, confirming the results from TAK-26-02 that expanded the southern width of the recently identified D99Z zone.”
CEO Darcy Christian:
“The pervasive gold mineralization throughout the last few holes continues to indicate a large-scale hydrothermal system. We are just beginning to scratch the surface of understanding the nature of the Tak, and I continue to be surprised with its potential.”
Project Map
Figure 2: D99Z Cross Section
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Figure 3: D99Z Cross Section
Core Images
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Figure 4: TAK-26-03 - Chalcopyrite Mineralization and Pyrite-Magnetite Veinlet Running Parallel to Core Axis
Figure 5: TAK-26-03 - Potassic Altered QFP, Hydrothermal Pyrite Veinlets
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Figure 6: TAK-26-03 - Chalcopyrite and Pyrite Mineralization in Veinlets in Altered QFP
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Figure 7: TAK-26-03 - Chalcopyrite, Pyrite and Magnetite Mineralization in Altered QFP
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Figure 8: TAK-26-03 - Chalcopyrite and Hydrothermal Pyrite Mineralization
Phase 1 Program Discussion
Table 1: Drilling Location Data
TAK-26-01 was an eastern step out and undercut of the historic TAK-99-01 hole. This hole assayed 1.104 g/t Au over 28.2 m, leading to the moniker “Double 9 Zone” or D99Z, highlighting the 1999 discovery of the gold bearing zone at surface.
TAK-26-02 was designed as an eastern fan from TAK-02-02. The results display gold mineralization starting at the drill hole collar, with a significant result of 0.586 g/t Au over 34.2 m. The entire hole returned anomalous gold values, with three distinct zones.
TAK-26-03 fanned west from the same pad as TAK-26-02.
TAK-26-04 and TAK-26-05 remain pending.
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| Hole ID | Sample # | From (m) | To (m) | Length (m) | Gold (g/t) |
|---|---|---|---|---|---|
| _ TAK-26-03 | 2415242 | 4.50 | 5.75 | 1.25 | 0.235 |
| TAK-26-03 | 2415243 | 5.75 | 7.00 | 1.25 | 0.258 |
| TAK-26-03 | 2415244 | 7.00 | 8.50 | 1.50 | 0.036 |
| TAK-26-03 | 2415245 | 8.50 | 9.50 | 1.00 | 0.346 |
| TAK-26-03 | 2415246 | 9.50 | 10.50 | 1.00 | 0.016 |
| TAK-26-03 | 2415247 | 10.50 | 11.50 | 1.00 | 0.014 |
| TAK-26-03 | 2415248 | 11.50 | 13.00 | 1.50 | 0.014 |
| TAK-26-03 | 2415249 | 13.00 | 14.50 | 1.50 | 0.056 |
| TAK-26-03 | 2415251 | 14.50 | 16.00 | 1.50 | 0.068 |
| TAK-26-03 | 2415252 | 16.00 | 17.50 | 1.50 | 0.260 |
| TAK-26-03 | 2415253 | 17.50 | 19.00 | 1.50 | 0.293 |
| TAK-26-03 | 2415254 | 19.00 | 20.50 | 1.50 | 0.582 |
| TAK-26-03 | 2415255 | 20.50 | 22.00 | 1.50 | 2.055 |
| TAK-26-03 | 2415256 | 22.00 | 23.00 | 1.00 | 0.011 |
| TAK-26-03 | 2415257 | 23.00 | 24.00 | 1.00 | 0.476 |
| TAK-26-03 | 2415258 | 24.00 | 25.00 | 1.00 | 1.530 |
| TAK-26-03 | 2415259 | 25.00 | 26.50 | 1.50 | 0.162 |
| TAK-26-03 | 2415261 | 26.50 | 27.50 | 1.00 | 0.113 |
| TAK-26-03 | 2415262 | 27.50 | 29.00 | 1.50 | 0.048 |
| TAK-26-03 | 2415263 | 29.00 | 30.25 | 1.25 | 0.406 |
| TAK-26-03 | 2415264 | 30.25 | 31.15 | 0.90 | 0.135 |
| TAK-26-03 | 2415265 | 31.15 | 32.15 | 1.00 | 0.087 |
| TAK-26-03 | 2415266 | 32.15 | 33.15 | 1.00 | 2.320 |
| TAK-26-03 | 2415267 | 33.15 | 34.50 | 1.35 | 0.108 |
| TAK-26-03 | 2415268 | 34.50 | 36.00 | 1.50 | 0.017 |
| TAK-26-03 | 2415269 | 36.00 | 37.50 | 1.50 | 0.119 |
| TAK-26-03 | 2415271 | 37.50 | 39.00 | 1.50 | 0.035 |
| TAK-26-03 | 2415272 | 39.00 | 40.00 | 1.00 | 0.013 |
| TAK-26-03 | 2415273 | 40.00 | 41.00 | 1.00 | 0.045 |
| TAK-26-03 | 2415274 | 41.00 | 42.50 | 1.50 | 0.051 |
| TAK-26-03 | 2415275 | 42.50 | 43.50 | 1.00 | 0.069 |
| TAK-26-03 | 2415276 | 43.50 | 45.00 | 1.50 | 0.017 |
| TAK-26-03 | 2415277 | 45.00 | 46.50 | 1.50 | 0.017 |
| TAK-26-03 | 2415278 | 46.50 | 48.00 | 1.50 | 0.015 |
| TAK-26-03 | 2415279 | 48.00 | 49.50 | 1.50 | 0.020 |
| TAK-26-03 | 2415281 | 49.50 | 50.50 | 1.00 | 0.011 |
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| TAK-26-03 | 2415282 | 50.50 | 51.50 | 1.00 | 0.010 |
| TAK-26-03 | 2415283 | 51.50 | 53.00 | 1.50 | 0.050 |
| TAK-26-03 | 2415284 | 53.00 | 54.50 | 1.50 | 0.020 |
| TAK-26-03 | 2415285 | 54.50 | 56.00 | 1.50 | 0.140 |
| TAK-26-03 | 2415286 | 56.00 | 57.00 | 1.00 | 0.006 |
| TAK-26-03 | 2415287 | 57.00 | 58.50 | 1.50 | 0.237 |
| TAK-26-03 | 2415288 | 58.50 | 59.75 | 1.25 | 0.666 |
| TAK-26-03 | 2415289 | 59.75 | 61.00 | 1.25 | 0.226 |
| TAK-26-03 | 2415291 | 61.00 | 62.00 | 1.00 | 0.243 |
| TAK-26-03 | 2415292 | 62.00 | 63.50 | 1.50 | 0.435 |
| TAK-26-03 | 2415293 | 63.50 | 65.00 | 1.50 | 0.021 |
| TAK-26-03 | 2415294 | 65.00 | 66.50 | 1.50 | 0.024 |
| TAK-26-03 | 2415295 | 66.50 | 68.00 | 1.50 | 0.032 |
| TAK-26-03 | 2415296 | 68.00 | 69.00 | 1.00 | 0.015 |
| TAK-26-03 | 2415297 | 69.00 | 70.00 | 1.00 | 0.007 |
| TAK-26-03 | 2415298 | 70.00 | 71.00 | 1.00 | 0.006 |
| TAK-26-03 | 2415299 | 71.00 | 72.00 | 1.00 | 0.022 |
| TAK-26-03 | 2415301 | 72.00 | 73.50 | 1.50 | 0.027 |
| TAK-26-03 | 2415302 | 73.50 | 75.00 | 1.50 | 0.458 |
| TAK-26-03 | 2415303 | 75.00 | 76.00 | 1.00 | 0.017 |
| TAK-26-03 | 2415304 | 76.00 | 77.00 | 1.00 | 0.675 |
| TAK-26-03 | 2415305 | 77.00 | 78.00 | 1.00 | 0.121 |
| TAK-26-03 | 2415306 | 78.00 | 79.00 | 1.00 | 0.041 |
| TAK-26-03 | 2415307 | 79.00 | 80.00 | 1.00 | 0.025 |
| TAK-26-03 | 2415308 | 80.00 | 81.00 | 1.00 | 0.007 |
| TAK-26-03 | 2415309 | 81.00 | 82.00 | 1.00 | 0.012 |
| TAK-26-03 | 2415311 | 82.00 | 83.00 | 1.00 | 0.350 |
| TAK-26-03 | 2415312 | 83.00 | 84.50 | 1.50 | 0.213 |
| TAK-26-03 | 2415313 | 84.50 | 86.00 | 1.50 | 0.081 |
| TAK-26-03 | 2415314 | 86.00 | 87.00 | 1.00 | 0.052 |
| TAK-26-03 | 2415315 | 87.00 | 88.00 | 1.00 | 0.097 |
| TAK-26-03 | 2415316 | 88.00 | 89.00 | 1.00 | 0.117 |
| TAK-26-03 | 2415317 | 89.00 | 90.50 | 1.50 | 0.318 |
| TAK-26-03 | 2415318 | 90.50 | 92.00 | 1.50 | 0.056 |
| TAK-26-03 | 2415319 | 92.00 | 93.00 | 1.00 | 3.290 |
| TAK-26-03 | 2415321 | 93.00 | 94.15 | 1.15 | 4.186 |
| TAK-26-03 | 2415322 | 94.15 | 94.65 | 0.50 | 1.880 |
| TAK-26-03 | 2415323 | 94.65 | 95.35 | 0.70 | 0.150 |
| TAK-26-03 | 2415324 | 95.35 | 96.35 | 1.00 | 0.704 |
| TAK-26-03 | 2415325 | 96.35 | 97.50 | 1.15 | 0.182 |
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| TAK-26-03 | 2415326 | 97.50 | 98.50 | 1.00 | 0.008 |
| TAK-26-03 | 2415327 | 98.50 | 99.50 | 1.00 | 0.130 |
| TAK-26-03 | 2415328 | 99.50 | 100.50 | 1.00 | 0.302 |
| TAK-26-03 | 2415329 | 100.50 | 102.00 | 1.50 | 0.012 |
| TAK-26-03 | 2415331 | 102.00 | 103.50 | 1.50 | 0.004 |
| TAK-26-03 | 2415332 | 103.50 | 105.00 | 1.50 | 0.004 |
| TAK-26-03 | 2415333 | 105.00 | 106.50 | 1.50 | 0.004 |
| TAK-26-03 | 2415334 | 106.50 | 108.00 | 1.50 | 0.033 |
| TAK-26-03 | 2415335 | 108.00 | 109.00 | 1.00 | 0.846 |
| TAK-26-03 | 2415336 | 109.00 | 110.00 | 1.00 | 1.750 |
| TAK-26-03 | 2415337 | 110.00 | 110.50 | 0.50 | 0.030 |
| TAK-26-03 | 2415338 | 110.50 | 111.50 | 1.00 | 0.017 |
| TAK-26-03 | 2415339 | 111.50 | 112.00 | 0.50 | 0.381 |
| TAK-26-03 | 2415341 | 112.00 | 113.00 | 1.00 | 0.020 |
| TAK-26-03 | 2415342 | 113.00 | 114.00 | 1.00 | 0.137 |
| TAK-26-03 | 2415343 | 114.00 | 115.00 | 1.00 | 0.071 |
| TAK-26-03 | 2415344 | 115.00 | 116.50 | 1.50 | 0.011 |
| TAK-26-03 | 2415345 | 116.50 | 117.00 | 0.50 | 0.348 |
| TAK-26-03 | 2415346 | 117.00 | 118.50 | 1.50 | 0.015 |
| TAK-26-03 | 2415347 | 118.50 | 119.50 | 1.00 | 0.037 |
| TAK-26-03 | 2415348 | 119.50 | 121.00 | 1.50 | 0.014 |
| TAK-26-03 | 2415350 | 121.00 | 121.50 | 0.50 | 0.034 |
| TAK-26-03 | 2415351 | 121.50 | 123.00 | 1.50 | 0.140 |
| TAK-26-03 | 2415352 | 123.00 | 124.50 | 1.50 | 0.036 |
| TAK-26-03 | 2415353 | 124.50 | 125.75 | 1.25 | 0.018 |
| TAK-26-03 | 2415354 | 125.75 | 127.25 | 1.50 | 0.267 |
| TAK-26-03 | 2415355 | 127.25 | 128.50 | 1.25 | 0.040 |
| TAK-26-03 | 2415356 | 128.50 | 130.00 | 1.50 | 0.024 |
| TAK-26-03 | 2415357 | 130.00 | 130.50 | 0.50 | 0.017 |
| TAK-26-03 | 2415358 | 130.50 | 132.00 | 1.50 | 0.092 |
| TAK-26-03 | 2415359 | 132.00 | 133.50 | 1.50 | 0.105 |
| TAK-26-03 | 2415361 | 133.50 | 135.00 | 1.50 | 0.039 |
| TAK-26-03 | 2415362 | 135.00 | 136.00 | 1.00 | 0.183 |
| TAK-26-03 | 2415363 | 136.00 | 137.50 | 1.50 | 0.284 |
| TAK-26-03 | 2415364 | 137.50 | 139.00 | 1.50 | 0.612 |
| TAK-26-03 | 2415365 | 139.00 | 140.00 | 1.00 | 0.319 |
| TAK-26-03 | 2415366 | 140.00 | 141.50 | 1.50 | 0.468 |
| TAK-26-03 | 2415367 | 141.50 | 143.00 | 1.50 | 0.894 |
| TAK-26-03 | 2415368 | 143.00 | 144.50 | 1.50 | 0.179 |
| TAK-26-03 | 2415369 | 144.50 | 145.50 | 1.00 | 0.008 |
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| TAK-26-03 | 2415371 | 145.50 | 146.50 | 1.00 | 1.110 |
| TAK-26-03 | 2415372 | 146.50 | 147.75 | 1.25 | 0.010 |
| TAK-26-03 | 2415373 | 147.75 | 149.25 | 1.50 | 0.018 |
| TAK-26-03 | 2415374 | 149.25 | 150.75 | 1.50 | 0.009 |
| TAK-26-03 | 2415375 | 150.75 | 151.50 | 0.75 | 0.013 |
| TAK-26-03 | 2415376 | 151.50 | 152.75 | 1.25 | 0.020 |
| TAK-26-03 | 2415377 | 152.75 | 154.00 | 1.25 | 0.028 |
| TAK-26-03 | 2415378 | 154.00 | 155.25 | 1.25 | 0.011 |
| TAK-26-03 | 2415379 | 155.25 | 156.25 | 1.00 | 0.008 |
| TAK-26-03 | 2415381 | 156.25 | 157.50 | 1.25 | 0.003 |
| TAK-26-03 | 2415382 | 157.50 | 158.20 | 0.70 | 0.042 |
| TAK-26-03 | 2415383 | 158.20 | 159.70 | 1.50 | 0.004 |
| TAK-26-03 | 2415384 | 159.70 | 161.00 | 1.30 | 0.010 |
Table 2: Assay Results
Phase 1&2 - Next Steps
Phase 1 drilling focused on validating the historic holes drilled in 1999, as core is unavailable. Core from 2002 may have been cut to quarters in some sections, and therefore spacing of holes in Phase 1 drilling was planned to validate as much data as possible between 2002 and 1999 holes. TAK-26-02 and TAK-26-03 are the deepest holes drilled on the property to date, and mineralization present in the bottom of the holes displayed pervasive green sericite-chlorite alteration, brecciation, and quartz veining accompanied by an increased sulphide content, all of which could potentially indicate a higher degree of interaction with hydrothermal fluids.
Phase 2 is ongoing, with drilling focused on the 67Z.
QA/QC
The Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Drill core was boxed, covered and sealed at the drill rig site. Core boxes were labelled with the official drillhole name and identified in numerical sequence starting from beginning of the hole to the end. Wooden blocks with the corresponding down hole meterage were inserted after every drill run by the drill contractor. Drill core boxes were transported by contactors to the onsite logging facility where Company personnel took over the core handling.
All drilling at the Tak project recovers NQ core. Drill core is systematically cut in half using a diamond saw. A qualified geologist examines the intact drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a maximum of 1.5 meters or a minimum length of 0.3 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.
Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a representative sample, while the other half is submitted for analysis. Individual sample bags are labelled, tagged, and securely sealed - being then placed into rice bags, which are clearly marked with their contents. Each rice bag tends to hold 10 sample bags and is then sealed at capacity. The Company submits samples for gold determination by fire assay to ActLabs - Dryden. (“ActLabs”).
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Samples were securely couriered to ActLabs in Dryden, ON by Company management and Company representatives for 1A2 Au fire assay. Samples are dried and pulverized with subsequent sample size of 5 to 50 grams. The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The mixture is then preheated at 850°C, intermediate 950°C and finished at 1060°C with the entire fusion process lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to recover the Ag (doré bead) + Au. Au is separated from the Ag in the doré bead by parting with nitric acid. The resulting gold flake is annealed using a torch. The gold flake remaining is weighed gravimetrically on a microbalance.
Tak History
January 1940s - Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI.
1980 - Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI.
1998-1999 - Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI.
2002 - Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report.
January 6, 2026 - Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M).
February 10, 2026 - Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes.
March 14, 2026 - Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex.
April 2–10, 2026 - Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions.
April–May 2026 - Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and