Ashley Gold Corp. is pleased to announce that it has closed the second tranche of its previously announced $250,000 non-brokered private placement of units for gross proceeds of CDN$84,000. This is in addition to a first tranche gross proceeds close of CDN$79,200 previously announced on September 27, 2022. A total of CDN$163,200 has been raised in both tranches. The second tranche was comprised of 450,000 flow-through [...]
Ashley Gold Corp. is pleased to report positive assay results from its initial reconnaissance of the gold-bearing Main Katisha Shear Zone on its newly acquired Howie Lake Project located approximately 55 kilometres southeast of Dryden, Ontario. The Main Katisha Zone is a 3 metre-wide silicified shear exposed on surface for at least 75 metres with historic grades up to 30.48 g/t Au. The Company intends to follow up these [...]
Ashley Gold Corp. is pleased to report positive assay results from its gold grade continuity evaluation program of the No. 1 Vein and Garvey Vein from its Ashley Mine Project located approximately 18 kilometres northwest of Alamos Gold's Young-Davidson Mine. These veins are "high-grade", exposed on surface for significant strike lengths, and are shallow dipping. The Company intends to follow up these encouraging results [...]
Ashley Gold Corp. is pleased to announce it has entered into a property purchase agreement dated October 13, 2022, to purchase a lease block located SE of Dryden, Ontario, known as the Tabor Lake Mine. HISTORICAL EXPLORATION HIGHLIGHTS* DDH-8 - Three, 3ft wide Parallel Veins over 60m with historical assays ranging between 1.93 oz/t Au* and 26.95 oz/t Au* Mine Dewatering and Sampling Program - Samples taken from the [...]
Ashley Gold Corp. is pleased to announce it has purchased a 15 claim block located 50km East of Dryden. The Dryden-Sioux Lookout area of Northwestern Ontario, is situated on a broad shear zone potentially related to the Wabigoon Fault. Gold mineralization was first discovered on the property in 1937 in shear-hosted quartz veins. Strong quartz-ankerite-sericite alteration is a prominent feature of the shear zone. George [...]
Ashley Gold Corp. is pleased to announce it has purchased a 26 claim block located SE of Dryden. George Stephenson, President of Ashley, commented, "The Property" acquisition provides a contiguous area play with additional excellent exploration opportunities which allows Ashley to expand its footprint of our own known highly prospective mining area, the "Santa Maria". Our land position of the Santa Maria is now 1554 [...]
Ashley Gold Corp. is pleased to announce it has entered into a property purchase agreement dated September 12, 2022, to purchase a claim block located SE of Dryden, Ontario, known as the Howie Lake Property. George Stephenson, President of Ashley, commented, "The acquisition of the Howie Lake Property presents an excellent exploration opportunity and allows Ashley to expand its footprint into an active and highly [...]
Ashley Gold Corp. is pleased to announce that field work for the Santa Maria Project exploration program is now underway. A field crew has been mobilized to the Property to scout road and property access, prospect for accessible geophysical anomalies, and collect rock samples. Figure 1: Santa Maria Exploration Targets Santa Maria can be accessed just 10 km south of Trans-Canada Highway #17, the main access road from [...]
Ashley Gold Corp. is pleased to announce that is has acquired 100% interest in 48 mining claims known as the Santa Maria Property located 40 km to the southeast of Dryden, Ontario in the Kawashegamuk Township. The acquired Santa Maria Property is comprised of 48 single cell mining claims over 2500 acres. The Kawashegamuk Lake area became known as the "New Klondike" after the 1896-1899 gold rush in Klondike, Yukon. The [...]
Ashley Gold Corp. is pleased to announce that as of July 13th we have begun the official 2022 Exploration program on the historically producing Ashley Gold Property southeast of Timmins Ontario in the Abitibi Greenstone Belt. Exploration Manager, Shannon Baird is currently on the property finalizing surface targets for channel sampling and structural interpretation. The 2022 summer program will focus on advancing the [...]
Ashley Gold Corp. is pleased to report positive assay results from its core evaluation program on over 10,500 metres of historic drill core within 29 holes stored in Matachewan, Ontario from its Ashley Mine Project located approximately 18 kilometres northwest of Alamos Gold's Young-Davidson Mine. Reconnaissance surface sampling was also conducted on several known vein occurrences outcropping throughout the Ashley Mine [...]
Ashley Gold is pleased to announce that it has completed its initial public offering of 7,000,000 units, at a price of $0.10 per Unit, for gross proceeds of $700,000. Each Unit consists of one common share in the capital of the Corporation and one Common Share purchase warrant of the Corporation. Each Warrant entitles the holder thereof to acquire, subject to acceleration in certain circumstances and adjustment in [...]
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