Ashley Gold Corp. announce the completion of the Burnthut drill program with mineralization intersected in both holes. A total depth of ~466m was drilled with core moved to the core facility for logging and cutting for assays over the next few weeks.
This drill program has been successful in proving the company’s thesis; encountering the Oro Grande and Oro Grande West structures at depth.
Additionally, a previously unknown system of stockwork veins consisting of silicified tuff with heavy alteration and sulphide mineralization was encountered near the surface at a depth of 62.8 meters in both holes. This new zone, dubbed the “Omega Oro”, has promising indications of a mineralization event, displaying cross cutting quartz stringer stockwork and cubic pyrite throughout, with trace amounts of galena.
“The validation and improvement of our geological model with these early results is an exciting moment for Ashley Gold. With two parallel structures being intercepted at depth, matching the historical VLF survey, as well as the discovery of what could be a major system, this drill program has surpassed my expectations.
Of particular interest to me is the Oro Grande West Zone which looks to be a major system coinciding with historical VLF anomalies from the 1980’s. This conductive anomaly trends for several hundred meters.
This success strengthens our understanding of the Burnthut Project and reinforces our ability to leverage historical data for modern exploration. Future programs will leverage the geological modelling we are creating and continue to shed light on what could be a very significant, near surface trend.”
Ashley Gold CEO, Darcy Christian.
Omega Oro Stockwork
The Omega Oro Zone was previously unidentified at surface. The zone is a silicified tuff displaying widespread alteration that was first intersected in BH25-001 from ~63-73m. Quartz stringers from 0.1cm to 4cm are prevalent across this zone. Quartz stringers and margins are well mineralized with 2-10% pyrite in cubic form, trace galena, and minor fuchsite. Bleaching at quartz margins is common with grey-green to buff-orange coloration. Quartz vein coloration is typically smoky grey.
Oro Grande West
The Oro Grande West shear zone was approximately 10m in width in BH25-001 and 6m in BH25-002. This is an altered zone at the tuff-volcanic flow contact with numerous quartz veins from 5-20cm in width. The majority of the veins in the zone are dark grey in color with coarse cubic pyrite and trace galena. Fuchsite alteration is common along the vein margins and significant fuchsite alteration is intersected in the footwall of the main contact fault.
Oro Grande Zone
The Oro Grande Zone was intersected at 171m and 151m drill depth in BH25-001 and BH25-002, respectively (~100m vertical depth) but was better developed in BH25-001. BH25-001 intersected a 1.2m silicified mafic zone with several smoky grey veins up to 7cm in width. Wall rock inclusions and cubic pyrite are common in the larger veins.
Semi-Massive Sulphide in BH25-002
Of note, a zone of semi-massive sulphides was intersected in BH25-002 at 120m containing up to 40-50% sulphide content visually interpreted as massive pyrrhotite and chalcopyrite over 0.3m. This and other samples will be assayed in the future for critical elements such as copper; the results of which may indicate proximity to an additional mineral system in the area.
History of the Burnthut Property
The Burnthut Property is one of Ashley Gold’s promising Dryden Area assets. Sporadic exploration has occurred for over a century, being kicked off by a 50ft shaft sunk in the late 1800’s. Ashley Gold completed many milestones in 2024, with a discovery, permitting, and funding aimed at testing the system at depth.
- Property Acquisition:
- Ashley successfully acquired 100% ownership of the Burnthut Property, located southwest of Sioux Lookout, Ontario, on trend with the Treasury Metals (now NexGold) Goliath-Goldlund deposit.
- Oro Grande Zone Discovery:
- Fall 2023 sampling led to the discovery of the Oro Grande Zone, where high-grade assay results up to 59.5 g/t Au from grab samples were achieved.
- The Oro Grande Zone extends for 75 meters on the mainland before trending under cover. This mineralized zone is now associated with a VLF anomaly that spans 700 meters to the west, enhancing its potential for further exploration.
- New Parallel Zone (Oro-Grande West):
- A new parallel deformation zone, dubbed Oro Grande West, was discovered in 2024, extending the strike of the original Oro Grande discovery. Surface samples from this zone returned grades of up to 31.9 g/t Au
- The high-grade and parallel nature of the Oro and Oro West zones, along with the expanded strike length of the Oro Grande system, has positioned Burnthut as a major exploration target for the company.
- Further VLF anomalies exist across the property and warrant follow up based on the grab sample values.
ualified Person
The technical and scientific information in this news release has been reviewed and approved by Darcy Christian, P.Geo., President of Ashley, who is a Qualified Person as defined by NI 43-101.
About Ashley Gold Corp.
Ashley Gold Corp. is dedicated to discovering the next multi-million-ounce gold deposit through efficient and innovative exploration. Operating in mining-friendly and politically stable jurisdictions, Ashley focuses on regions with proven neighboring success stories, creating a clear path toward value generation.
As one of the first movers in the highly coveted Dryden area of Northwest Ontario, Ashley is strategically positioned to leverage the region’s rich geological potential. Our mission is to deliver substantive, long-term value for shareholders by uncovering and advancing world-class gold deposits in one of the most mining-friendly jurisdictions globally.
For further information, please contact:
Mr. Darcy Christian, P.Geo, President and CEO
(587) 777-9072
[email protected]
https://x.com/AshleyGoldCorp
www.ashleygoldcorp.com
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DISCLAIMER & 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). Undue reliance should not be placed on “forward looking statements”.
