High grades have this Canadian gold stock looking up
Ashley Gold (CSE:ASHL) returned up to 20.2 grams per ton (g/t) of gold in recent samples from its Howie project 55 km southeast of Dryden, Ontario
The company is working towards a maiden drilling program with permits in hand
Ashley Gold is a mineral explorer active in Northwestern Ontario and British Columbia
The Canadian gold stock has given back 43.75 per cent year-over-year and over 80 per cent since 2022
Ashley Gold (CSE:ASHL) returned up to 20.2 grams per ton (g/t) of gold in recent channel and grab samples from its Howie project 55 km southeast of Dryden, Ontario.
Assay results, focused on the Katisha zone, 'confirm the significant gold mineralization potential of the project,' according to Monday's news release.
Specifically, results show continuous gold mineralization within a 5-10-metre-wide deformation zone, validating historical channel sampling in 2022 yielding 53 g/t gold, as well as samples reported on Wednesday up to 26 g/t gold, with additional grab samples southeast of the zone yielding anomalous gold worth further exploration.
The company will now focus on 3D induced polarization (IP) surveys to home in on drilling targets to expand known mineralization, including at depth, with permitting for 13 drill holes in place.
The Howie project is geologically similar to Dynasty Gold's adjacent Thundercloud project, whose Pelham deposit houses an estimated 182,000 ounces of gold at 1.37 g/t inferred, as well as numerous projects in the prolific Abitibi Greenstone belt. Leadership insights
'The high-grade assays of up to 20.2 g/t gold from our recent sampling program at the Katisha zone are a testament to the Howie project's potential to host gold mineralization,' Darcy Christian, Ashley Gold's chief executive officer, said in a statement. 'We are excited to advance our exploration with IP surveys and a maiden drilling campaign to further define this promising asset.'
'These results underscore a commitment to strategic exploration activities, with the mechanical stripping at Howie uncovering new zones of surface mineralization which host anomalous and high-grade gold over significant widths,' added Noah Komavli, president of Ashley Gold. 'We will look to build on our exploration success by providing guidance to the markets for a summer program on our portfolio in the coming weeks.' About Ashley Gold
Ashley Gold is a mineral explorer active in Northwestern Ontario and British Columbia.
Ashley Gold stock (CSE:ASHL) is unchanged trading at C$0.045 as of 9:55 am ET. The stock has given back 43.75 per cent year-over-year and over 80 per cent since 2022.
Join the discussion: Find out what everybody's saying about this Canadian gold stock on the Ashley Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
an hour ago
- Toronto Star
Dreaming of a lakeside cottage but can't afford it? Co-ownership could open that door
A lakeview cottage with cosy rooms, a sandy beach nearby and a dock to gaze into the sunset was the dream for Corrine Evanoff. 'For years, I've been on this journey of trying to find a cottage that would work for us,' she said. But Evanoff and her husband didn't want to incur the burden of constant cottage maintenance — spending vacation days fixing decks and pruning trees. They opted instead to rent over the years, still hoping to one day buy. ARTICLE CONTINUES BELOW Then, it happened. They found a cottage not too far from home — for a fraction of the price they thought they'd have to pay, thanks to fractional ownership. Also called co-ownership, it allows people to buy a share of a property with others, whether it's family, friends or even strangers. Affordability sits at the heart of fractionally owned cottages. Many Canadians still find themselves priced out of the market, even as cottage prices have declined from peaks seen during the pandemic. Re/Max brokers and agents anticipate a national average price increase of about 1.8 per cent across the Canadian recreational market in 2025, a May report by the real estate firm, showed. On their first visit to check out a prospective cottage last fall, Evanoff recalled walking into a lake-facing cottage with large windows at Frontenac Shores in Cloyne, Ont., about 300 kilometres northeast of Toronto, and was sold. 'We sat in these Muskoka chairs on the beach and our feet are in the water, and I just felt the stress shredding off me,' she said. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW 'This is the dream that I've been dreaming for all these years … and this is within reach.' Evanoff and her husband now own one-tenth of a million-dollar cottage, costing them less than $100,000 for their share — and affording them five weeks a year at the property. Fractional ownership of a cottage is not like a timeshare, said Realtor Mike Lange, who has been dealing with co-owned cottages for about seven years in Kawartha Lakes, Ont. 'With a timeshare, you put your name in requesting a location, you have no guarantee that that's going to be available,' he said. 'There's been a lot of heartaches over them over the years.' Timeshare properties can be owned by for-profit corporations, leaving less autonomy for those staying there. Don Smith, who co-owns a property in Kawartha Lakes, bought into a cottage in the mid-2000s after he saw a newspaper ad about fractional cottage ownership. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW 'I was in the staff room reading the newspaper as a mathematics and computer studies teacher,' he recalled. 'As a math teacher, that caught my eye: What's this fraction all about, this cottage, this idea?' For the Smiths, fractional ownership wasn't a financial investment but a lifestyle investment that has paid off over the past two decades. 'This is where my daughter learned to swim, that's where my daughter learned to kayak, that is when my daughter had learned to appreciate animals.' But it may not be for everyone. Smith said fractionally owned cottages are usually 100 per cent debt-free. That means new co-owners typically can't secure a mortgage against the property from traditional banks and will have to rely on personal loans or a line of credit to buy their share. Personal touches to the cottage can also be missing with fractional ownership and people can't just show up at any time, he said. 'It's not like you can personally put all your favourite pictures and put all of the junk that you don't want in your home garage and take it up there and leave it,' Smith said. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Real estate developer John Puffer has years of experience building cottages and selling them in fractional ownership arrangements in Ontario's cottage country regions. When he first got into the business, Puffer assumed the buyers would mostly be people in their 30s with young families. Instead, they happened to be people in their 50s and 60s, buying cottage shares for their adult children and grandchildren, or people who don't want to commit the dollars and worry about maintenance. 'That is part of the Canadian cottage experience in Ontario … that's where families congregate at the cottage and (it's) multi-generations,' said Puffer, president of Chandler Point Corp. Tanya Walker, litigation lawyer and managing partner at Walker Law, suggests potential buyers should get a good contract lawyer and treat the contract 'as if it's a pre-nuptial agreement' before signing on to be a co-owner. She said buyers going into fractional ownership should ask questions about who the other co-owners are, the voting rights people get for their share and what happens when they want to sell their stake. Walker added it's also important to look into who manages the property, the financials of the property as well as how much time you'll get to use the cottage and when. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Puffer said people really have to understand what they're buying into. He suggested people read the contract and find out who's in control, what their obligations are, and talk to people who already own. For Evanoff and her husband, it will be their third time heading up to the Frontenac Shores cottage next month. 'It's like, wow! That just seems like a gift,' she said. 'This (fractional ownership) seems like the best-kept secret but I think it's going to catch on ... and you're going to see a lot of people tap into this market.' This report by The Canadian Press was first published June 15, 2025.
Edmonton Journal
2 hours ago
- Edmonton Journal
Edmonton Oilers, national pride a big focus of Canada's marketing movement
Article content If it feels like you're seeing more advertisements promoting Canadian products, services and businesses while out and about lately, that's because for the past several months, all things Canada have had a bit of a moment in the world of marketing. Marketers tend to hop from trend to trend, attracting the eyes of consumers by tying their interests to particular products. According to Scott Mitchell, managing director with Vistar Media, a marketing group that specializes in out-of-home advertising, the hot trend lately is Canadiana — everything from 'Elbows up' to the Edmonton Oilers.
Canada Standard
3 hours ago
- Canada Standard
PM Modi departs for Cyprus, begins 3-nation tour to strengthen global ties, attend G7 Summit in Canada
New Delhi [India], June 15 (ANI): Prime Minister Narendra Modi on Sunday morning departed from New Delhi for Cyprus, marking the beginning of his three-nation diplomatic visit to Cyprus, Canada, and Croatia The tour aims to deepen India's ties with these countries in areas such as trade, investment, technology, and security, and to attend the G7 Summit in Canada. Ahead of his departure, PM Modi issued a statement outlining the purpose and key highlights of his tour. 'Today, I will embark on a three-nation tour to the Republic of Cyprus, Canada and Croatia,' PM Modi's departure statement read. During the first leg of his visit, PM Modi will be in Cyprus on June 15-16. He is visiting the Mediterranean nation at the invitation of President Nikos Christodoulides. 'On June 15-16, I will visit the Republic of Cyprus at the invitation of President HE Nikos Christodoulides. Cyprus is a close friend and an important partner in the Mediterranean region and the EU. The visit provides an opportunity to build upon the historical bonds and expand our ties in the areas of trade, investment, security, technology and promote people-to-people exchanges,' the statement added. Following his visit to Cyprus, the Prime Minister will travel to Kananaskis, Canada, to attend the G7 Summit on June 16-17. He has been invited by Canadian Prime Minister Mark Carney. This will be PM Modi's sixth consecutive participation in the G7 Summit. 'From Cyprus, I will travel to Kananaskis, Canada to attend the G7 Summit at the invitation of Prime Minister HE Mark Carney. The Summit will provide space for exchange of views on pressing global issues and the priorities of the Global South. I also look forward to engaging with leaders from partner countries,' he said. On June 18, PM Modi will visit Croatia, where he will meet President Zoran Milanovic and Prime Minister Andrej Plenkovic. This will be the first-ever visit to Croatia by an Indian Prime Minister. 'On 18 June, I look forward to my visit to the Republic of Croatia and meetings with President Zoran Milanovic and Prime Minister Andrej Plenkovic. Both our countries enjoy centuries-old close cultural links. As the first visit by an Indian Prime Minister to Croatia, it will open new avenues for bilateral cooperation in areas of mutual interest,' PM's departure statement added. The Prime Minister also said the tour is an opportunity to thank India's international partners for their continued support in the fight against terrorism. 'This three-nation tour is also an opportunity to thank partner countries for their steadfast support to India in our fight against cross-border terrorism, and to galvanise global understanding on tackling terrorism in all its forms and manifestations,' PM Modi, in his statement, added. (ANI)
