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HOWIE LAKE

THE HOWIE LAKE PROJECT

Ashley Gold Corp acquired 64 mining claims over approximately 1000 Ha just south of Ashley’s Tabor Lake Mine Project. The Howie Lake claims share a common boundary with the Thundercloud Lake (Pelham Project) that is currently operated by Dynasty Gold and hosts a defined resource of 180,000 oz Au.

The Howie Lake Property is located 55 km to the southeast of Dryden, Ontario. The property can be accessed through a year-round gravel road that leads south of Trans-Canada Highway #17, the main access road from Thunder Bay, Ontario.

  • Geology and structure of the property area is analogous to the TIMISKAMING TYPE in the Abitibi belt.
  • Highly Anomalous gold over large area (3km x 2km).
  • Extensive carbonate alteration zones. Structurally controlled gold environment.
  • Positive drill results that require follow up.
  • Next door to (Dynasty Gold Corp) Pelham Gold Deposit on adjacent property that has recent drill program success, intercepts include: 1.5m of 246g/t Au, 3m of 101g/t Au, 12.5m of 25.66g/t Au, 28.5m of 13g/t Au and 51m of 7.35g/t Au.
    (From Jan. 16/23 press release)

*  Howie Lake Property in Relation to Dynasty Gold’s 180k Oz Resource

KNOWN GOLD OCCURENCES

There are 9 known gold occurrences documented in the OGS Mineral Deposit Inventory that lie within the Howie Lake Property that have seen little modern-day exploration. The property is dominated by three distinct phases of shear zones and fault development. Two parallel fault zones (West Fault Zone and East Fault Zone) have been identified between Howie Lake and Katisha Lake that require further exploration. The East Fault Zone is host to numerous gold showings, The Katisha South Zone, Howie Lake Zone, Swamp Zone, and the Twilight Zone. The West Fault Zone is host to the Zig Zone.

RECENT EXPLORATION

The reconnaissance program consisted of prospecting and sampling along the road-cut area of the Main Katisha Shear Zone; one of the nine known gold occurrences within the Project bounds, located on the north end of the Howie Lake Project. The program was undertaken to verify historic sample results and test the gold prospectivity of the area. A total of 5 surface channel and chip samples were collected along the road exposure of the Main Katisha Zone. Gold values ranged from 0.381 g/t Au up to 52.80 g/t Au with an average aggregate grade of 11.17 g/t Au across a strike length of approximately 16 metres

Shear Zone System Highlights

        Main Katisha Zone

  • Surface expression at least 75m long next to road-cut 

  • Historic Sampling up to 30.48 g/t Au and current results up to 52.80 g/t Au. 

  • Multi-episodic shearing with carbonate-quartz silicification and visible gold. 

  • Only 1 of 9 known gold-bearing shear zones within the Project bounds. 

  • Project located within a prolific gold district hosting numerous multi-million ounce deposits.