Ashley Gold Corp.
ASHL.CN
Canadian Securities Exchange0.06
CAD
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Ashley Gold Corp.
ASHL.CN
(Canadian Securities Exchange)
Recent
price
0.06
P/E
ratio
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div
yld
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ROIC.AI
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- Ashley Gold Corp. (CSE: ASHL) is a Canadian mineral exploration company focused on the acquisition, exploration, and development of gold and polymetallic mineral properties in mining-friendly jurisdictions including Ontario and British Columbia. The company holds 100% interests in the Burnthut Property subject to a 1.5% NSR, Tabor Lake Lease subject to a 1.5% royalty, Howie Lake Project subject to a 0.5% royalty, Alto-Gardnar Project subject to a 0.5% royalty, and Santa Maria Project subject to a 1.75% royalty; it also has an option to earn 100% of the Sakoose claims subject to a 1.5% NSR, all located in the Dryden area of the Eagle-Wabigoon-Manitou Lakes Greenstone Belts in Ontario, alongside the Icefield Portfolio in British Columbia comprising polymetallic projects such as Gold Mountain with historical high-grade silver up to 6,670 g/t Ag. Core exploration activities target high-grade gold systems, with sampled results up to 106 g/t Au at Alto-Gardnar, 59.5 g/t Au at the Oro Grande Zone on Burnthut, and channeled samples including 20.2 g/t Au over 0.8m at Howie Lake's Main Katisha zone and 0.624 g/t Au over 22.9m at the Twilight Zone. Headquartered in Vancouver, British Columbia, and founded in 2020, Ashley Gold operates a tight capital structure with approximately 64 million shares outstanding. Recent developments include the discovery of the Oro Grande Zone at Burnthut in fall 2023 leading to a maiden drill program commencing in early 2025 funded partly by the Ontario Exploration Grant covering 50% of costs; expansion of the Tabor Property with four new claims in 2024; completion of a gradient induced polarization survey at Howie Lake to refine drilling targets for 13 permitted holes; closure of an oversubscribed $181,000 unit private placement in April 2025 and a first tranche of $265,238 in November 2025 from a $530,000 financing with flow-through funds renounced by December 31, 2025; signing of a drilling contract with Heritage Mining for the Burnthut program; acquisition of the Icefield Portfolio from Pegasus Resources Inc. in 2025; and retention of Dahrouge Geological Consulting Ltd. for British Columbia exploration management in fall 2025.