Article

Ashley Gold has received drilling permits for the Gold Mountain Project in British Columbia, located 50km northwest of Golden. The project includes four claims over 1,863 hectares and is recognized for its gold, silver, copper, and lead mineralisation.

Historical exploration since the 1930s highlighted high-grade values at the North and South Showings. Recent sampling confirmed significant mineralisation, including silver concentrations ranging from 1,000 to 6,670g/t.

Additionally, Ashley Gold issued two million shares to Pegasus Resources, completing an agreement linked to the permit. There will be no further share issuances under this agreement.