CALGARY, ALBERTA — December 17, 2025 — Leads & Copy — Ashley Gold Corp. has completed its maiden Howie drill program, located southeast of Dryden, Ontario.
Rodren Drilling Ltd. concluded drilling on Saturday, December 13th, 2025, and demobilized to Winnipeg. Core logging commenced in Winnipeg on December 16th, 2025.
The company deployed four holes in the target area from three pads, totaling 559 meters. Hole 5 was scrapped due to the meterage target being hit and based on results from Hole 4, preserving capital.
Significant deformation zones were encountered with varying degrees of carbonate alteration, quartz veining, and sulphide mineralization. Quartz, carbonate, and fuchsite are common metasomatic assemblages observed in orogenic gold systems. A new deformation zone was found in the Gap Zone that was previously unidentified due to a lack of surface expression.
President Noah Komavli commented on the drilling program, stating that it was a success in terms of execution and data collection, coming in on time and on budget. He thanked Rodren Drilling Ltd. for their expertise in the area.
Komavli noted that this scout drilling provides missing pieces in the exploration puzzle. HL-25-01 and HL-25-02 intercepted different lithologies 50 meters apart. These structures are undocumented on the property, and this target area has never been drilled.
HL-25-01 at 38 meters intercepted the Howie Zone, which hosts strongly silicified rocks with heavy pyrite mineralization and varying degrees of fuchsite. Further down the hole at 68 meters, a narrow deformation zone containing tightly spaced, well-mineralized grey quartz stringers was intersected. The remainder of the hole is in a light grey quartz porphyry carrying disseminated pyrite.
HL-25-02 was pushed deeper, intercepting varying degrees of deformation over substantial widths. Strong carbonate alteration along with quartz flooding and tightly spaced quartz stringers are prevalent in the deformation zone. Varying degrees of fuchsite were noted, and the hole terminated at 113 meters instead of 90 meters.
HL-25-03 ended in mineralization but was stopped to preserve meterage towards the Twilight Zone. At the bottom of the hole, a prevalent deformation zone displaying strong carbonate alteration along with tightly spaced quartz stringers was intersected. Quartz stringers in this hole are mineralized with fine to coarse visible sulphides, appearing to be a continuation of the mineralization seen in HL-25-01 and HL-25-02 at depth.
HL-25-04 provided additional data, indicating that the Twilight structure dips very shallowly, less so than initially thought at the surface. This hole failed to intercept the mineralization seen on the surface as the Twilight Zone is now interpreted to dip shallowly to the southeast.
The company will accumulate these results into a structural model, and more detailed notes will be confirmed in the core logging. Focus will now shift north for additional planning on the Burnthut Project and the Alto-Gardnar, for the fully funded drill program, expected to commence in early 2026, pending permit.
Drilling at the Gap Zone has encountered a hidden deformation zone hosting areas of pervasive carbonate alteration, quartz flooded sections, with some in the form of tightly spaced mineralized quartz stringers. This wide deformation zone, which is up to 20 meters in core width, is located under overburden and has no visible surface expression exposure.
Project History – Howie Property
May 1987: Esso Minerals conducted a two-year program on Howie (known as Snake Bay). Historic drilling logs from 1987 detail wide zones of mineralization. Assays redacted.
November 2022: Initial surface prospecting and sampling at Main Katisha Shear Zone yielded assay results up to 52.80 g/t Au, validating the zone’s gold potential*.
January 2023: Planned high-resolution drone magnetics survey to target deeper mineralized zones, inspired by Dynasty Gold’s Thundercloud Project results.
April 2024: Secured exploration permit and Ontario Junior Exploration Program funding, enabling advanced geophysical surveys and sampling.
October 2024: Completed induced polarization (IP) survey over 2 km of lines to define 2025 drill targets for subsurface mineralization.
March 2025: Reviewed IP survey data, expanded the project by two claims, and identified new targets along strike for further exploration.
May 2025: Conducted mechanical stripping, outcrop washing, and channel sampling at Katisha Zone, with channel cut assay results up to 20.2 g/t Au, confirming continuity of gold mineralization in a 5-10m-wide deformation zone. Expanded strike with discovery of 1.6 g/t Au sample based on IP data*.
September 2025: Located the historic Esso core, channel sampling completed at the Twilight Zone outcrop.
Darcy Christian, CEO, P.Geo., a Qualified Person as defined in National Instrument 43-101, prepared and reviewed the technical information in this news release. Mr. Christian is non-independent of Ashley Gold Corp.
Some results discussed in this document are historical. Ashley nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program.
Noah J. Komavli, P.Eng, President & Director
C: (647) 567-9840
E: info@ashleygoldcorp.com
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: dchristian@ashleygoldcorp.com
Source: Ashley Gold Corp.
