Ashley Gold reports TAK-26-07 core visuals, submits fire assay

    CALGARY, ALBERTA - July 9, 2026 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“ Ashley ” or the “ Company ”) is pleased to provide visuals from its TAK-26-07 hole.   Positioning: Two Phase II holes now submit to ActLabs Dryden, two completing logging,  31 prospecting samples pending west of the high-grade grab samples ( 398 g/t Au, 152 g/t Au ), 8 samples pending from South-East of the NTZ, “Bernie Zone” ,  The Company is financed for additional drilling, with a Phase III program to commence in late July,  Interest exceeded last financing, secondary capital raise open for up to $500,000 , to support additional meterage,  6ix webinar and live Q&A, introducing the Company and value proposition, today at 12:00 PM EST, register here .    Click Image To View Full Size Figure 1: Phase 2 Drilling - Area of TAK-26-08 and TAK-26-07 Collars   Click Image To View Full Size Figure 2: Phase 2 Drilling - Cross Section   President Noah Komavli: “Having been on site and reviewed both TAK-26-07 and TAK-26-08 in person, the 67Z requires additional step-out drilling to provide data on the continuity of these structures. The magnitude of the stockwork system in TAK-26-07 is impressive. Alteration within the TAK-26-08 buff-beige zone, which matches historic logs, begins to suggest a shallowly dipping structure to the north within the overall bulk-tonnage quartz-feldspar porphyry resistive body.

Plans are underway to orient the drill rig to maximize data collection. Additional samples are pending on the north side of the resistive body, both along strike of the Northern Trench Zone (NTZ) and the newly identified Bernie Zone. The Company will share updates when available.”   Core Visuals   TAK-26-07   This hole was designed as a twin of TAK-02-06 and TAK-02-07.

Historic logs from 2002 highlight a stockwork of quartz-carbonate veins and variable zones of potassic alteration, all of which were intersected in the twin hole.   Click Image To View Full Size Figure 3: Example Mineralization ( 4 m to 29 m) Click Image To View Full Size Figure 4: Example Mineralization (29 to 54.5 m)   Click Image To View Full Size Figure 5: Example Mineralization (54.5 to 81.5 m) Click Image To View Full Size Figure 6: Example Mineralization (81.5 to 107.5 m)   TAK-26-08   This first northern hole in the 67Z has provided excellent information. The 67Z represents an intense alteration zone located at or near the contact with a sulphide-rich quartz-eye porphyry and lies along the southern flank of a large chargeability body. The hole collared in the resistive portion of the quartz-feldspar porphyry and drilled through a wide zone of potassic material with varying degrees of alteration, silicification and sulphide content, with the most significant results focused on the interval from approximately 21 m to 67 m.

TAK-26-08 exits the resistive body and intercepts a quartz-eye structure associated with the sulphide-rich quartz-eye porphyry, then trends into what appears to be the halo of the chargeability anomaly. The NTZ lies along the northern contact of the chargeability body, with 31 samples taken from and along strike to the southwest of the NTZ. The hole concluded at 128 m.   Tak Project - Background   Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground.

At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators - in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.   Click Image To View Full Size Figure 7: Regional Map and Area of Activity   In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey.

The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones   D99Z: In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “ D99Z ”. The surface mineralization width in the D99Z has been defined as up to 100m.   67Z: Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002).

These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “ 67Z ” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. Example mineralization has been shared.   NTZ: The Northern Trench Zone ( “NTZ” ) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m.

This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. Phase 3 drilling will allocate some meterage to test these zones with no historic drill records.       Tak History   January 1940s - Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey.

MDI .   1980 - Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI .   1998-1999 - Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP ; MDI .   2002 - Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report.   January 6, 2026 - Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M).   February 10, 2026 - Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes.   March 14, 2026 - Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex.   April 2–10, 2026 - Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions .   April–May 2026 - Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.   May 14, 2026 - Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval.   May 20, 2026 - Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.   June 4, 2026 - Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.   NI 43-101 Disclosure 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.

Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-arms length of the company and serves as Director and CEO. 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. Management cautions that core visuals and grab samples are selective in nature to begin with and are not representative of the hole or property in its entirety or indicative of any grade overall.

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 focussed 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 100% ownership in Burnthut (and the Tak Patents), Howie, Alto-Gardnar claims.

In British Columbia, the Company has optioned out the Icefield Portfolio, which includes 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 Komavli” Noah J. Komavli, P.Eng, President, Director   C: (647) 567-9840 E: info@ashleygoldcorp.com X: KKomavli   -Or-   Darcy Christian, P.Geo, CEO C: (587) 777-9072 E: dchristian@ashleygoldcorp.com    Connect With Ashley: www.ashleygoldcorp.com 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.” Copyright (c) 2026 TheNewswire - All rights reserved. TheNewsWire July 9, 2026 - 4:30 AM PDT News by QuoteMedia www.quotemedia.com