Ashley Gold reports 3.333 g/t over 60 metres at Tak

Ashley Gold Corp. CNSXASHL reported Friday that Tak hole TAK-26-16 cut 3.333 grams per tonne gold over 60 metres. The eastern 67Z step-out includes 229 grams per tonne over 0.65 metre and gives Ashley a new area to consider for follow-up drilling.

At 4 p.m. EDT Sept. 25, Ashley shares had risen 69.2 per cent to C$0.11 on the Canadian Securities Exchange, the CNSXASHL quote showed. At that 4 p.m. EDT Sept. 25 CNSXASHL quote, volume was 7.55 million shares, about 36 times the daily average.

The Sept. 25 release says the broad interval starts 24 metres downhole and puts the high-grade run at 63.15 metres. The reported lengths are measured along the hole, not established true widths; the narrow run contributes about 74 per cent of the wider interval's grade multiplied by length, calculated from Ashley's figures.

Four Phase III holes still await assays, while Ashley has completed four Phase IV holes. The company plans to finish the latter program and assess metres already drilled before deciding whether to direct more work around TAK-26-16.

"TAK-26-16 delivered not only our best Company intercept, but the best in the recorded history of the Patents," Ashley president Noah Komavli said in the Sept. 25 release.

Exploration manager Shannon Baird described multiple high-grade sections within a broader altered and mineralized envelope in TAK-26-16. That account comes from one hole; Ashley's Sept. 25 release gives neither a resource estimate nor a contained-ounce figure for the eastern step-out.

Ashley said this was its third assay set from a hole outside the historic zones, after initial work to validate older drilling. It called TAK-26-16 its best interval yet, achieved in fewer than 2,000 metres of diamond drilling at Tak.

Ashley also showed a core photograph labelled visible gold at about 63.5 metres. The photograph places a visual observation beside the assay, but cannot show how far the mineralization extends from the drilled hole.

The Sept. 25 sample table recorded 0.341 gram per tonne from 24 to 25.5 metres. A sample from 27 to 28.5 metres returned 1.610 grams per tonne, showing the range of grades near the start of the wider reported interval.

Tak comprises patented ground at the southwest of Ashley's Burnthut project; Ashley acquired Tak in early 2026. The Sept. 25 release did not set a date for deciding on extra metres around TAK-26-16, nor did it give a resource-update timetable.

The next results to watch are assays from four pending Phase III holes; Ashley's Sept. 25 release gave no reporting date.