Ashley receives drilling permit for Gold Mountain Project

Ashley Gold has announced the receipt of permits required to motorboat a drilling run astatine the Gold Mountain Project, situated astir 50km north-west of Golden successful British Columbia (BC), Canada.

The task encompasses 4 claims spanning astir 1,863 hectares (ha), and is noted for its important gold, silver, copper and pb mineralisation.

The Gold Mountain tract is historically noteworthy, with exploration dating backmost to the 1930s.

Two main zones of involvement are the North and South Showings, astir 450m apart.

These areas person demonstrated high-grade mineral values including a drawback illustration from the North Showing successful 1982 that indicated 4.87 grams per tonne (g/t) gold, 710g/t metallic and 1.89% copper.

In the aforesaid year, the South Showing yielded highest values of 30.3g/t gold, 13,301g/t metallic and 32.54% copper.

In 1984, 8 shallow drill-holes were completed utilizing backpack-style equipment.

Results included a 4.14m conception with assays of 57.62g/t gold, 7,349.5g/t silver, 16.5% copper and 8.74% lead.

Another conception of 4.85m yielded 29.99g/t gold, 6,711.3g/t silver, 11% copper and 14.53% lead.

Samples collected successful 2020 and 2021 verified high-grade mineralisation astatine some the North and South Showings.

Among these, 5 samples showed metallic contented ranging from 1,000 to 6,670g/t, portion 8 samples indicated antimony concentrations betwixt 1,260 and 8,220 parts per million.

In summation to securing the drilling permit, Ashley Gold has issued a last tranche of 2 cardinal shares to Pegasus Resources, fulfilling the presumption of an statement linked to obtaining the permit.

There volition beryllium nary further stock issuances nether this agreement.

Ashley Gold president Noah Komavli: “Ashley has reached a important milestone for the Gold Mountain polymetallic project. Historic results arsenic good arsenic caller aboveground sampling person revealed compelling numbers crossed precious and basal metals.

“Ashley’s near-term absorption remains connected the Dryden Area – specifically connected the Tak Patents. We look guardant to circling backmost connected our BC projects successful the adjacent future.”

In March 2025, Pegasus Resources signed a merchantability and acquisition statement with Ashley Gold for the Icefield spot successful BC.

"Ashley receives drilling licence for Gold Mountain Project" was primitively created and published by Mining Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.