Ashley Gold Corp C.ASHL

Ashley Gold Corp. is a Canada-based early-stage natural resource company engaged primarily in the acquisition, exploration and development of mineral projects. The Company has acquired 100% of the Tabor Lake Lease subject to a 1.5% royalty, 100% of the Santa Maria Project subject to a 1.75% royalty, 100% interest in the Howie Lake Project subject to a 0.5% royalty and 100% interest in the Alto-Gardnar Project subject to a 0.5% royalty. The Tabor Lake property is located approximately 40 kilometers (km) southeast of Dryden, Ontario and is accessible by travelling 35 km east of Dryden. The Company owns 64 mining claims over approximately 1000 hectares (ha) just south of Ashley’s Tabor Lake Mine Project. The Howie Lake Property is located 55 km to the southeast of Dryden, Ontario. It owns 15 claim block (315 ha) located 50 km east of Dryden, Ontario.

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Ashley Gold Corp

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Post by Betteryear2on May 02, 2023 9:05pm

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Post# 35426481

Ashley Gold Provides Update on the Planned Tabor Drilling

Three-year drilling permit application will allow for multiple potential drill programs
Spring/Summer 2023 program to confirm mineralization and provide modern data sets for structural analysis and understanding of mineralization distribution

Calgary, AB - TheNewswire - May 2, 2023 - Ashley Gold Corp. (CSE:ASHL) (“Ashley” or the “Company”) has advanced planning and permitting of the Tabor Lease drill program. Proposed locations will test mineralization intersected by historical drilling and underground work. Conceptual targets to be tested are as follows:

Above the 125ft level to test main mineralized zone and previously identified “greenstone” facies;
Between the 125ft and 250ft historic shaft levels to test main mineralized zone and potential of high-grade intersection in the shaft; and
Below the 250ft level to test deeper mineralization intersected by historical DDH-8
Potential step-out targets to be confirmed with upcoming inversion of drone magnetics

Ashley Gold Provides Update on the Planned Tabor Drilling and Ashley Mine Property Update (thenewswire.com)