Ashley Gold Corp. Provides Operations Update for Ongoing Tak Drill Program
I'm LongbridgeAI, I can summarize articles.Ashley Gold Corp. has provided an operations update on its ongoing diamond drilling program at the 100% owned Tak Patents. The company has completed four drill holes and is submitting 62 samples for assay. President Noah Komavli highlighted the scale of the Tak project and the importance of local stakeholder connections for operational support. Core logging and cutting are progressing as planned, with a focus on TAK-26-02, which has shown promising mineralization. The company emphasizes that visual observations are preliminary and await laboratory confirmation.
(TheNewswire)
CALGARY, ALBERTA – TheNewswire -April 20, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to sharevisuals and operational updates from its active diamond drillingprogram on the 100% owned Tak Patents.
Highlights:
- Core logging and cutting well underway,
- Four holes completed,
- 62 samples, comprising the entirety of TAK-26-01, being submitted forassay as of today.
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Figure 1: Regional Map and Area ofActivity
President Noah Komavli; “Visitingthe region and project was eye opening, very enjoyable and a whirlwindof activity. The Tak boasts scale, something you don’t see orappreciate on regional maps due simply to the dominance of ourneighbors, NexGold, Kenorland, and Dryden Gold. While in the area, Ihad the pleasure of meeting with many stakeholders, ensuring Ashleyhas the necessary local connections for long term operationalsupport.”
Drilling Operation Update
The following holes have been completed thus far during Phase 1drilling.
Pad 1, Hole 1: Undercut andstep back from TAK- 99-10. Logging and cutting completed.
Pad 2, Hole 2: East fan onTAK-02-02. Logging and cutting ongoing.
Pad 2, Hole 3: West fan onTAK-02-02.
Pad 3, Hole 4: North hole totest undrilled zones under the historically worked trenches.
Core Logging and Assay Update
Core logging and cutting is progressing at anticipated rates, withcurrent focus on TAK-26-02. As disclosed, TAK-26-01 has been loggedand cut, with delivery of samples to ActLabs Dryden anticipated fortoday.
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Figure 2: Exploration Manager ShannonBaird, P.Geo, Testing Magnetic Response of TAK-26-01
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Figure 3: TAK-26-01 - ExampleMineralization in Cut Sample - Quartz Stockwork with HydrothermalPyrite (around 4m)
TAK-26-02 Update
This hole was designed as an eastward fan of SouthernRio TAK-02-02, with a completed drill length of 200m. Examplemineralization and alteration found in the core are presentedbelow.
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Figure 4: TAK-26-02 - ExampleMineralization
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Figure 5: TAK-26-02 - ExampleMineralization in Quartz, Fine Disseminated Sulphides
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Figure 6: TAK-26-02 - Example PyriteCube in Potassic Altered Quartz Feldspar Porphyry
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Figure 7: TAK-26-02 - QuartzCarbonate Veining and Disseminated Sulphide in Potassic Altered QuartzFeldspar Porphyry
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Figure 8: TAK-26-02 - Quartz Veinletwith Recrystallized Pyrite
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Figure 9: TAK-26-02 - QuartzCarbonate Vein in Potassic Altered Quartz Feldspar Porphyry
References
Property MDI Link: https://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000002119.html
Wedge Zone assays: https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52G13NW2001/52G13NW2001.PdF
Triex logs (Tak-99 holes):
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52G13NW2002/52G13NW2002.Pdf
Southern Rio logs (Tak-02 holes):
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52F16NE2006/52F16NE2006.Pdf
NI 43-101 Disclosure
The technical information in this news release was reviewed andapproved by Shannon Baird, P.Geo., a Qualified Person as defined inNational Instrument 43-101. Mr. Baird is Exploration Manager of AshleyGold Corp. and registered as a Professional Geoscientist with theProfessional Geoscientists of Ontario as well as the Engineers andGeoscientists of British Columbia.
*Management cautions that core visuals are selective in nature tobegin with and is not representative of the hole in its entirety orindicative of any grade overall. Samples have not been submitted andtherefore, assay results are pending and visual identification ofminerals does not guarantee economic grades. These preliminary visualobservations are awaiting laboratory confirmation.
ABOUT ASHLEY GOLD CORP.
Ashley Gold Corp. is a Canadian mineral exploration company focused onacquiring and developing highly prospective gold and polymetallicdeposits in Canada’s top mining regions. The Company’s flagshipassets are in the Dryden Area in Ontario with a 100% ownership inSanta-Maria, Burnthut (including the Tak Patents), Howie, andAlto-Gardnar claims as well as in British Columbia with the IcefieldPortfolio having two highly prospective claim packages.
For more information, please refer to the Company’s informationavailable on SEDAR+ (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, P.Eng, 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:
www.ashleygoldcorp.com
X: https://x.com/AshleyGoldCorp
Forward-Looking Statements
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-lookingstatements are based on assumptions and address future events andconditions, and by their very nature involve inherent risks anduncertainties. Although these statements are based on currentlyavailable information, Ashley Gold Corp. provides no assurance thatactual results will meet management’s expectations. Factors whichcause results to differ materially are set out in the Company’sdocuments filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Unduereliance should not be placed on “forward-looking statements.”
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