Latest news with #NoahKomavli
The Market Online
26-05-2025
- Business
- The Market Online
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.
Associated Press
13-05-2025
- Business
- Associated Press
Pegasus Completes Disposition of Icefield Property to Ashley Gold Corp.
VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0)(OTC PINK:SLTFF) (the 'Company' or 'Pegasus') is pleased to announce that it has completed the disposition of its Icefield Property located in British Columbia to Ashley Gold Corp. ('Ashley'), as initially announced on April 17, 2025. In accordance with the terms of the purchase and sale agreement, Pegasus received an initial payment of 6,000,000 common shares of Ashley Gold on April 22, 2025. An additional 2,000,000 shares are to be issued within 60 days of Ashley receiving drill permits for the Icefield Property. Additionally, Noah Komavli, a Director of Pegasus, has been appointed to the Board of Directors of Ashley, ensuring ongoing representation and strategic oversight. Furthermore, Pegasus announces that pursuant to its stock option plan, the Company has granted incentive stock options to certain directors, officers, and consultants to purchase a total of 725,000 common shares in the capital stock of the Company, exercisable for a period of three years at a price of $0.08 per share. About Pegasus Resources Inc. Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The Company's flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy. For additional information, please visit On Behalf of the Board of Directors: Christian Timmins President, CEO and Director Pegasus Resources Inc. 700 - 838 West Hastings Street Vancouver, BC V6C 0A6 PH: 1-403-597-3410 X: X: E: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information This news release contains certain information that may be deemed 'forward-looking information' with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur. Forward-looking information contained in this press release may include, without limitation, statements regarding creation of value for Company shareholders, results of operations the size, timing and completion of the Offering, the use of proceeds from the Offering and the listing of the Common Shares (including the Common Shares underlying the Warrants and the broker warrants) on the TSXV upon closing of the Offering. Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at The forward-looking information contained in this press release represents the expectations of Pegasus as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Pegasus may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. SOURCE: Pegasus Resources, Inc. press release
Associated Press
20-03-2025
- Business
- Associated Press
Pegasus Resources Inc. Enters Purchase and Sale Agreement with Ashley Gold Corp. for Icefield Property
VANCOUVER, BC / ACCESS Newswire / March 20, 2025 / Pegasus Resources Inc. (TSX-V:PEGA)(Frankfurt:0QS0)(OTC Pink Sheet:SLTFF) (the 'Company' or 'Pegasus') is pleased to announce that it has entered into a purchase and sale agreement (the 'Agreement') with Ashley Gold Corp. ('Ashley Gold') for the sale of the Icefield Property, located in British Columbia (the 'Property'). This Agreement was signed on March 19, 2025, and no finders fees are associated with the transaction. This strategic transaction underscores Pegasus' commitment to creating shareholder value by monetizing non-core assets while maintaining a strong focus on advancing its flagship uranium projects in the United States. 'Our agreement with Ashley Gold represents a significant step in unlocking value from the Icefield Property while allowing Pegasus to retain strategic exposure to its potential,' commented Christian Timmins, CEO of Pegasus. 'This deal supports our broader strategy of monetizing non-core assets to drive growth in our high-potential uranium portfolio in the U.S. With board representation and equity participation rights, Pegasus remains deeply engaged in the Property's future development.' Director Noah Komavli added, 'This agreement not only secures Pegasus' continuing interest in the Icefield Property via share ownership and Board representation, but also reinforces our collaborative approach to exploration. We are confident that Ashley Gold's expertise will unlock the value of this asset, benefiting both companies and their shareholders. I look forward to working closely with Ashley Gold's management.' Agreement Highlights Purchase Terms: 1. In accordance with the terms of the Agreement, Pegasus will receive 8,000,000 common shares of Ashley Gold (the 'Shares') as follows: (i) 6,000,000 Shares of Ashley Gold upon signing the Agreement, subject to Ashley Gold's filing requirements with the Canadian Securities Exchange. All 6,000,000 Shares have the usual statutory four month and a day hold period, plus agreed contractual hold periods as follows: (ii) 2,000,000 Shares within 60 days of receiving drill permits for the Property. 2. Ashely Gold will grant Pegasus: a seat on Ashley Gold's Board of Directors, ensuring direct influence and oversight of the Property's progress; and the right to participate in future Ashley Gold financings to maintain a minimum of a 10% equity stake in Ashley Gold. 3. Royalty Provisions: Ashley Gold shall assume the entirety of the royalty obligations of Pegasus under its original option agreement and royalty agreement with DG Resource Management Ltd., the original vendor of the Property to Pegasus in 2020. About the Icefield Property Gold Mountain Highlights Location: Early-stage gold-silver property ~50 km NW of Golden, BC, covering 1,863 ha. Historical Results: Vertebrae Ridge Highlights Location: Early-stage copper-polymetallic property ~80 km NW of Golden, BC, covering 5,324 ha. Punch Bowl Highlights Location: Early-stage gold property ~90 km NW of Gold Mountain, covering 1163 ha. Historical Results: Historic assays up to 80 oz/t Au (1960s). Numerous high-grade veins confirmed during 1987/1989 exploration. 2021 Exploration (see January 4, 2022 news release): Discovered a new copper-mineralized zone approximately 2.5 km southeast of the main gold zone. 37 samples were collected, with six samples returning copper values greater than 0.1% and up to 1.68% Cu. 2023 Exploration Program (see December 7, 2023 news release): Conducted an abbreviated late-fall program due to forest fire activity across Canada. 25 rock samples collected, with the following results: Seven samples returned greater than 0.13 g/t Au. Three standout gold values: 4.70 g/t Au, 3.87 g/t Au, and 1.61 g/t Au. Extended the strike length of a gold-bearing quartz vein set to approximately 200 meters. Identified previously unsampled mineralized quartz veins on McGillivray Ridge. Targeted pyrite-bearing quartz veins within recessive phyllitic lenses, historically returning up to 573.7 g/t Au ( Shaw, 1989). Pegasus's Vision for Growth Pegasus remains committed to responsible exploration and delivering shareholder value through the advancement of its uranium projects in Utah and strategic partnerships like this one. NI 43-101 Disclosure The technical information in this news release was prepared and/or reviewed by Nathan Schmidt., a Qualified Person as defined in National Instrument 43-101. Mr. Schmidt is registered as a Professional Geoscientist with Engineers Geoscientists of British Columbia (#48336) and an employee of Dahrouge Geological Consulting Ltd. (Permit to Practice #1003035). Some results discussed in this document are historical. Pegasus Resources nor the qualified person have performed sufficient work or data verification of the historical data. Historical Ag and Au results from Gold Mountain were presented in original documentation as troy oz/short ton and were converted to g/t using conversion of 34.28. 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. About Pegasus Resources Inc. Pegasus Resources Inc. is a diversified junior Canadian mineral exploration company advancing high-potential uranium projects in Utah, USA. The Company remains committed to responsible exploration and creating value for its shareholders. On Behalf of the Board of Directors: Christian Timmins President, CEO and Director Pegasus Resources Inc. 700 - 838 West Hastings Street Vancouver, BC V6C 0A6 PH: 1-403-597-3410 X: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information This news release contains certain information that may be deemed 'forward-looking information' with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur. Forward-looking information contained in this press release may include, without limitation, statements regarding creation of value for Company shareholders, including value derived from its transaction with Ashley Gold and the results of operations. Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at The forward-looking information contained in this press release represents the expectations of Pegasus as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Pegasus may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
