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Ashley Gold Corp. Provides Operations Update for Ongoing Tak Drill Program
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CALGARY, ALBERTA – TheNewswire - April 20, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to share visuals and operational updates from its active diamond drilling program on the 100% owned Tak Patents.
Highlights:
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Core logging and cutting well underway,
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Four holes completed,
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62 samples, comprising the entirety of TAK-26-01, being submitted for assay as of today.
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Figure 1: Regional Map and Area of Activity
President Noah Komavli; “Visiting the region and project was eye opening, very enjoyable and a whirlwind of activity. The Tak boasts scale, something you don’t see or appreciate on regional maps due simply to the dominance of our neighbors, NexGold, Kenorland, and Dryden Gold. While in the area, I had the pleasure of meeting with many stakeholders, ensuring Ashley has the necessary local connections for long term operational support.”
Drilling Operation Update
The following holes have been completed thus far during Phase 1 drilling.
Pad 1, Hole 1: Undercut and step back from TAK- 99-10. Logging and cutting completed.
Pad 2, Hole 2: East fan on TAK-02-02. Logging and cutting ongoing.
Pad 2, Hole 3: West fan on TAK-02-02.
Pad 3, Hole 4: North hole to test undrilled zones under the historically worked trenches.
Core Logging and Assay Update
Core logging and cutting is progressing at anticipated rates, with current focus on TAK-26-02. As disclosed, TAK-26-01 has been logged and cut, with delivery of samples to ActLabs Dryden anticipated for today.
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Figure 2: Exploration Manager Shannon Baird, P.Geo, Testing Magnetic Response of TAK-26-01
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Figure 3: TAK-26-01 - Example Mineralization in Cut Sample - Quartz Stockwork with Hydrothermal Pyrite (around 4m)
TAK-26-02 Update
This hole was designed as an eastward fan of Southern Rio TAK-02-02, with a completed drill length of 200m. Example mineralization and alteration found in the core are presented below.
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Figure 4: TAK-26-02 - Example Mineralization
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Figure 5: TAK-26-02 - Example Mineralization in Quartz, Fine Disseminated Sulphides
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Figure 6: TAK-26-02 - Example Pyrite Cube in Potassic Altered Quartz Feldspar Porphyry
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Figure 7: TAK-26-02 - Quartz Carbonate Veining and Disseminated Sulphide in Potassic Altered Quartz Feldspar Porphyry
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Figure 8: TAK-26-02 - Quartz Veinlet with Recrystallized Pyrite
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Figure 9: TAK-26-02 - Quartz Carbonate 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):
Southern Rio logs (Tak-02 holes):
NI 43-101 Disclosure
The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.
*Management cautions that core visuals are selective in nature to begin with and is not representative of the hole in its entirety or indicative of any grade overall. Samples have not been submitted and therefore, assay results are pending and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.
ABOUT ASHLEY GOLD CORP.
Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.
For more information, please refer to the Company’s information available 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
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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 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.”