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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

The Howie Property has several known historical mineralized zones sampled at surface and, in some cases, drilled.  Generally, the mineralization is structurally controlled within or adjacent to shear zones.  Thundercloud-type porphyry intrusive dykes have been identified at surface and in drill holes.

Esso performed two drilling campaigns in 1986 and 1987 before they exited the mineral exploration space and focussed on oil and gas production.  Year-round access is excellent with a main forest service road running through many of the mineralized zones.  Figure 2 shows the location of the known mineralized zones.

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 traced for 100m
  • Mineralization ranges from 1.2 g/t Au to 30 g/t Au
  • Poorly understood at depth with an historical drill intercept of 4.28 g/t over 2.8m*

 

South Katisha

  • Wide zone of pervasively carbonatized, and silicified metagabbro
  • 35 g/t Au over 5m*

 

Howie Zone

  • 100m southeast of South Katisha. Similar orientation and alteration/mineralization suggests extension of South Katisha Zone
  • Thundercloud Porphyry dyke within the zone
  • Grab samples assayed up to 5 g/t Au

Fiji Zone

  • Gold bearing zone traceable for over 300m
  • Chip Sample ran 5 g/t Au over 5m
  • Historical drill intercept of 4.28 g/t Au over 3.1m*

 

Twilight Zone

  • Triangular 15m by 25m zone that has been mechanically stripped showing intense alteration with carbonatization and silicification
  • Most sampling including all channel samples were not submitted by Esso, however more recent samples show up to 6 g/t Au

 

Howie Lake Carbonate Zone

  • >200m in length with an alteration zone up to 20m in width
  • Little information available, however visible gold was documented in one hole intersecting the zone

 

Kawie Brecciated Zone

  • Heterolithic Breccia up to100m in width
  • 2022 sampling revealed grades of up to 1.5 g/t Au

 

Zig Zag Zone

  • 5-20m sheared meta-gabbro
  • Historical drill intercept of 1.24 g/t Au over 0.9m*

VIEW ALL NEWS RELEASES RELATED TO HOWIE LAKE

Surface Exploration Commences at Tabor and Howie

Surface Exploration Commences at Tabor and Howie Highlights Tabor pad locations surveyed and drill crew on standby in preparation for imminent drill program Testing 838 g/t Au* historically reported intercept Howie Property rock and channel...

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