Ashley Gold reports copper samples up to 3.43% and ends Phase IV drilling at Tak
Ashley Gold reported copper grab samples up to 3.43% in a new Tic Tak Zone and finished Phase IV drilling, with gold assays still pending.
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what happened
Ashley Gold Corp. (CSE: ASHL) reported field results from a newly identified Tic Tak Zone on its Tak Project, with grab samples reaching 3.43% copper. According to a press release distributed by TheNewswire and carried by Reuters, the company has also completed its Phase IV drilling program.
Of ten holes drilled, four intercepted suspected visible gold, but laboratory assays have not yet been received. Earlier, hole TAK-26-16 returned 3.333 g/t gold over 60.0 m. Management says its main focus is linking the 67Z and D99Z zones into a single mineralized system.
why it matters
For early-stage exploration companies, laboratory assays are what will show the real thickness and grade of the mineralization. These are still prospects rather than confirmed resources, so for the broader market the news carries limited weight and no meaningful effect on copper or gold prices is expected.
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sources
- Ashley Gold Corp. (ASHL) Reports New Tic Tak Zone Samples, Phase IV Drilling Update — TradingView, 22 October 2026 at 11:05 UTC
- Ashley Gold Corp. Samples up to 3.43% Cu in Newly Discovered Tic Tak Zone, Concludes Phase IV Drilling, Tak Project — Reuters, 22 October 2026 at 11:05 UTC
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