Ashley Gold Corp. has returned assay results from its ongoing drilling at the Tak project in Ontario, highlighted by hole TAK-26-08, which intersected 0.729 grams per tonne gold over 38.75 metres from 19.50 metres downhole.

The intercept includes a higher-grade interval of 1.430 grams per tonne gold over 17.00 metres starting from 30.00 metres downhole, alongside a separate visible gold occurrence assaying 9.200 grams per tonne gold over 0.5 metres at 45.25 metres.

The 100-hectare Tak property, situated immediately abutting the northeast of NexGold Mining Corp.'s Goliath Gold Complex, was acquired by Ashley Gold in January 2026 through an all-stock transaction of 3.5 million shares following 24 years of inactivity since the ground was last drilled in 2002.

“Prior operators were unable to ascertain the dip of the system. TAK-26-08 was the first northern hole drilled in the 67Z and provided invaluable information, giving us confidence of a shallow Northern dip. In Phase III drilling, all holes were oriented South, delivering a better representation of the system. These early results reinforce the 67Z geophysical signature as high-priority and confirm high-grade visible gold near the surface. With our modelled dip now established, we are positioned for more effective future drilling.”

— Noah Komavli, President

Assay results for 10 drill holes from the company's Phase II and Phase III drilling programs at the project remain pending. Meanwhile, regional exploration activity continues across the district, where Dynasty Gold identified possible visible gold in drill core at its Thundercloud project.

Read the full announcement: Ashley Gold Corp. Cuts 0.729 g/t Au over 38.75 m From 19.50 m Downhole, Including 1.430 g/t Au over 17.00 m from 30.00 m Downhole in TAK-26-08, Confirms Visible Gold in System, 9.200 g/t Au over 0.5m at 45.25 m