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Calgary, Alberta – June 6, 2025 – TheNewswire – Ashley Gold Corp. (CSE: ASHL) (“Ashley& or the “Company&) is pleased to announce the mobilization of a field crew to conduct prospecting activities at its wholly-owned Burnthut Property and Tabor Property, located in the highly prospective Dryden area of northwestern Ontario within the Eagle-Wabigoon-Manitou Lakes Greenstone Belts. This program builds on the Company&s successful 2024 and 2025 exploration efforts and aims to unlock new gold potential at both properties.
Noah Komavli, President of Ashley Gold Corp., commented:
"Mobilizing our field crews to Burnthut and Tabor marks the next phase of our focused exploration strategy. At Burnthut, the untested inland VLF anomalies present highly prospective targets for new gold discoveries, building off the success of our initial drill program. At Tabor, recent clear-cutting has provided us with valuable new access to areas that have seen little to no modern exploration. With a strong gold market, expanding ground position, and our technical team's expertise, Ashley Gold is well positioned to drive meaningful value creation for shareholders as the summer program unfolds."
Burnthut Property: Targeting Parallel VLF Anomalies
Figure 1: VLF Survey and 2025 Drilling Collar, Prospecting Along Increasing Strength of Trend
At the Burnthut Property, the field crew will focus on prospecting parallel Very Low Frequency (VLF) geophysical anomalies that extend inland from the high-grade Oro Grande and Oro Grande West zones, where surface sampling has returned assays of up to 70 g/t Au and 31.9 g/t Au*, respectively. These anomalies, identified during prior geophysical surveys, indicate potential extensions of mineralized structures that have not been thoroughly prospected. The crew will conduct systematic mapping and sampling to evaluate these underexplored zones, aiming to delineate additional high-grade gold targets along the 700-meter VLF anomaly associated with the Oro Grande system. This work will help refine targets for future drilling, leveraging the Company&s 2024 discoveries and 2025 drilling data.
Tabor-Sakoose Property: Exploring Newly Exposed Outcrops
Click Image To View Full Size
Figure 2: Tabor and Sakoose Properties
At the Tabor-Sakoose Property, recent forestry clear-cutting has created a unique opportunity by exposing previously inaccessible outcrops, potentially revealing new gold-bearing structures. The field crew will prospect these newly exposed areas, focusing on the Tabor Lease and adjacent Sakoose claims, which host historical gold mines and recent high-grade findings, including a 2024 sample of 82.3 g/t Au from a quartz vein at Sakoose*. The program will include detailed geological mapping and sampling to identify and characterize potentially undiscovered outcrops, building on 2023 drilling results at Tabor that intersected 41 g/t Au over 1 meter. This prospecting effort aims to expand known mineralized zones and generate new drill targets, capitalizing on improved surface access to accelerate exploration.
*Note: Grab samples are selective and may not represent the true underlying mineralization of the property.
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy Christian, P.Geo., CEO of Ashley, who is a Qualified Person as defined by NI 43-101.
About Ashley Gold Corp.
Ashley Gold Corp. is focused on discovering world-class gold deposits through innovative and efficient exploration. The Company holds 100% interest in the Burnthut Property (1.5% NSR), Tabor Lake Lease (1.5% royalty), Howie Lake Project (0.5% royalty), Alto-Gardnar Project (0.5% royalty), and Santa Maria Project (1.75% royalty), with an option to earn 100% of the Sakoose claims (1.5% NSR). Operating in mining-friendly jurisdictions, Ashley is dedicated to creating long-term value for shareholders within the Eagle-Wabigoon-Manitou Lakes Greenstone Belts.
For more information, visit: www.ashleygoldcorp.com.
Forward-Looking Statements
This news release includes certain “forward-looking statements& which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management&s expectations. Factors which cause results to differ materially are set out in the Company&s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.&
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, President, Director
C: (647) 567-9840
E: info@ashleygoldcorp.com
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: dchristian@ashleygoldcorp.com
Connect With Ashley:
X: https://x.com/AshleyGoldCorp
Forward-Looking Statements
This news release contains forward-looking statements, including expectations regarding future exploration programs, assay results, and mineralization potential. These statements are based on current assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Ashley Gold Corp. does not undertake to update forward-looking statements unless required by applicable securities laws.
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