Ashley Gold Posts Bond for Gold Mountain Project
Calgary, Alberta — February 5, 2026 — Leads & Copy —
Ashley Gold Corp. (CSE: ASHL) has announced it has posted a bond for the Gold Mountain Project.
Ashley Gold is in the final steps of the permitting process for its Gold Mountain polymetallic project. According to President Noah Komavli, the NoW (Notice of Work) for Vertebrae Ridge has been submitted and is under government review.
With Ashley’s near-term focus on the Dryden Area, particularly the Tak Patents, strategic options exist to streamline operations if needed, with a focus on value creation for the company and shareholders.
The Gold Mountain project, located approximately 50 km northwest of Golden, British Columbia, is an early-stage gold-silver project consisting of four claims covering about 1,863 ha.
Highlights of the Gold Mountain project include:
North Showing: A grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu (Allen, 1982).
South Showing: Peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982).
1984 Drilling (Parr, 1984): Notable intervals include:
- 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb (Drillhole A)
- 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb (Drillhole B)
2020-2021 Exploration: A Ag-Au-Pb-Zn-Cu-Sb mineralized system was identified at Gold Mountain.
- Five samples returned 1,000 to 6,670 g/t Ag
- Eight samples returned 1,260 to 8,220 ppm Sb
The Property’s mineral-rich history dates back to the 1930s and includes impressive showings of gold, silver, copper, and lead within a trend spanning over 600 meters. Past work has revealed high-grade values across two primary showings, North and South, separated by approximately 450 meters of talus.
The South Showing covers an area of 160 by 50 meters and features five vein exposures in multiple trenches, where high-grade mineralization has previously been sampled, including values up to 30.3 g/t Au, 13,301 g/t Ag and 32.54% Cu (Allen, 1982). These veins trend toward the North Showing, which has been partially exposed by a shallow open cut and an old adit.
Exploration during 1982 at the North Showing, near the adit, identified a 1 m wide quartz vein, which returned a grab sample of 4.87 g/t Au, 710 g/t Ag and 1.89% Cu (Allen, 1982). Together, these showings form a mineralized corridor that remains open at both ends.
Eight shallow backpack style drill holes were completed in 1984 (Parr, 1984), though poor recoveries were noted, results include:
- 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb
- 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11% Cu, and 14.53% Pb
Samples collected in 2020 and 2021 confirmed the high-grade mineralization at both the North and South Showings, with five samples returning from 1,000 to 6,670 g/t Ag, and eight samples returning from 1,260 to 8,220 ppm Sb.
Recent claim additions opened a path for expanded exploration aimed at uncovering the full extent of mineralization along this trend.
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 (and the Tak Patents), Howie, Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.
The technical information in this news release was prepared and/or reviewed by Darcy Christian, P.Geo., a Qualified Person as defined in National Instrument 43-101.
Some results discussed in this document are historical. Ashley Gold Corp. 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.
Source: Ashley Gold Corp.
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