High-Grade Gold Grab Samples, But Can Drilling Confirm a Discovery? | Ashley Gold CEO Interview

**Antonio** (0:00)
This video is sponsored by Terrahutton, who makes the invisible, investible. Today on the CEO BBQ, Gold Exploration in Ontario, together with Ashley Goldcorp.
But if you're short on time, subscribe to our free newsletter, and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has not paid us for the production of this video, you should still understand that we are not financial advisors and this is not intended as financial advice. It is a broad, general, and impersonal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on SitterPlus.ca and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases and do not consume this content if you don't agree with everything said therein. Moving on, Ashley Gold's flagship asset is the Burden Hunt Project located in the Dryden area of northwestern Ontario, directly adjacent to NexGold's Goliath Complex, which is about 20 kilometers east of Dryden in the Wabigoon Greenstone Belt. Mineralization here sits in a porphyry-hosted gold system marked by stockwork, quartz carbonate meaning inside, solidified and carbonized quartz filts are porphyry, which is actually more than I'd bargain for when it comes on to geology, but we'll touch upon that later on. Ashley just drilled their first ever program, and the assets have already been released showing near-surface intercepts that align with the few historical holes that were there, so we'll definitely touch upon that as well. Right now, they're drilling again, a phase two program, if you will, and there's some visuals of the core. There have been some photos and whatnot, some additional work is also happening on the new northern trench zone, which we'll touch upon later on as well. The most immediate moves ahead of us right now are the pending assets from the latest holes plus the planned step-out drilling on that zone and 67Z area, which should deliver results through the second half of 2026 And of course, we'll be asking about all that later on. They also have some other assets, even some stuff in BC, but the rest of the portfolio receives far less attention, so hopefully, I can get a bit of an update on that later on as well.
Now, for some of the numbers and a bit of the details, Ashley is listed as ASHL, so A-S-H-L on the CSE in Canada, where the average daily volume over the last three months has been about 355,000 units. The 52-week high is 11 cents and a 52-week low is 3 cents. With a little under 94.5 million shares outstanding and a $5.2 million market cap, today this is a 5.5 cents stock with a 50 and a 200 a moving average at 5.8 at 6.8 cents respectively. So the stock is now trading below those two, though again, it is a rather e-liquid micro cap. So keep that in mind when thinking of the technicals here. There are 33 million warrants outstanding representing about a quarter or 26 percent to be specific of the fully diluted 127.5 million shares.
The last time Ashley raised money was very recently at the end of June bringing in a half a million dollars in a flow-through financing with no warrants on it. How far does that half a million get them? What work does it buy and how do they plan on raising money going forward? Or all questions that I'll be asking later on in the conversation. But for this to actually become a conversation though, I will unfortunately have to shut up already and Noah, I'll give you the word. But first of all, thank you for sitting down with me today.

**Noah** (3:40)
Oh, my pleasure. I think definitely the structure of your program is one that can talk an investor through both pros and cons of a company. So I think it's a value add for anyone listening.

**Antonio** (3:53)
Thanks, man. Really appreciate you saying that. It is definitely every company has pros as well as cons. So we'll definitely talk about all that.
It's kind of, we can't call the CEO BBQ anymore though. So I guess we should call the President BBQ because you're not CEO here. And I'm a little disappointed that your name is not Ashley, actually, if I'm being honest.

**Noah** (4:15)
Well, yeah, so actually the company was initially listed with the Ashley mine in Timmins and that's sort of where the namesake came from. And it remained with the company.