Successful Sampling At Acerson South Of Sahara Mine

CALGARY - Ashley Gold Corp. announced a successful surface sampling program at the Acerson outcrop 6 km south of Ashley’s underground Sahara mine. Sampling shows mineable uranium grades ranging from 0.04% to 1.22% across the 450m outcrop highlighting the broader potential of the Sahara property now over 50km2. Surface grab samples grade up to 1.2% eU8 at the Acerson outcrop, with average of samples 0.377% eU8. Previous drilling intersected Acerson channel 2.5km downdip with historic grades of 0.28% eU providing potential for meeting or exceeding current size of the Sahara mine deposit.

Acerson workings include several underground adits and an open pit, both are unsampled to date. Multiple additional channel systems identified on the Sahara property.

Darcy Christian, CEO, said, “The positive assay results at the Acerson outcrop highlights the prospectivity of the larger Sahara Property. At ~450m wide and trending north 2.5km to a major collapse feature Acerson appears to be of similar size as the Sahara mine with room to extend both deposits with additional drilling.  With additional known mineralization at Big Body and Cecilliate I believe we are looking at a multi-million pound uranium potential within the known mineralization trends with significant upside potential to the east and north.”