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TABOR LAKE MINE

"New Klondike"

The Kawashegamuk Lake area became known as the "New Klondike" after the 1896-1899 gold rush in Klondike, Yukon. This area has been known to host several large-scale gold deposits.

High Priority Targets

High priority target areas have been identified through previous drill history, rock sampling and surveying with proven gold occurrences that require additional follow up exploration.

Year-Round Exploration

With main access roads along the Trans-Canada #17 highway and a working season that is considered to be year-round, this property can make for excellent news flow.

THE TABOR LAKE MINE

The acquisition of the Tabor Lake Mine completes Ashley’s ultimate goal of strategically acquiring multiple claim groups to consolidate into one large 1811 hectare property. 

The property is located approximately 40 km southeast of Dryden, Ontario and is readily accessible by travelling 35 km east of Dryden via Trans-Canada Highway (Hwy 17) then heading south approximately 7 km on an all season maintained gravel logging road known as Snake Bay Road for 7 km. From this point, Camp 33 Road and numerous historic logging roads head east for 5 km and transect the project providing additional access throughout the region. The amalgamated (19.09 km2) project consists of the newly acquired Tabor lease block that will be wholly owned by Ashley Gold Corp after completion of the sale transaction and the recently acquired contiguous “Santa Maria” project consisting of an additional 74 mining claims.

The project is centrally located within the prolific Wabigoon Greenstone Belt in western Ontario with numerous significant multi-million ounce gold reserves including Treasury Metals’ Goliath and Goldlund, New Gold’s Rainy River, Agnico Eagle’s Hammond Reef, and First Mining’s Cameron deposits. The Greenstone belt lies within the western Wabigoon Subprovince, a granite-greenstone terrane of the Superior Province. A number of thick volcano-sedimentary sequences consisting of mafic to felsic lavas and associated intrusions and pyroclastic rocks, all of which are generally overlain by sedimentary sequences, characterize the belt. Gold-bearing mineralized zones on the project are focused in a northwest-southeast corridor within both greenstone and porphyritic intrusions.

HISTORICAL WORK AND DRILLING

Historical workings within the Tabor Mine lease consist of a 275’ (~84m) vertical shaft with two horizontal crosscuts at the 125’ (~38m) and 250’ (~76m) levels both of which intersected high-grade gold-bearing quartz-carbonate vein systems which were drifted and an unspecified quantity of ore extracted noted to grade an average of at least 0.34 oz/t (10.58 g/t) Au up to 1.36 oz/t (42.43 g/t) Au.

At least nine (9) individual veins have been encountered in past exploration, both on surface and in drilling ranging in thickness from 6” (15cm) to 5’ (~1.5m) in width with several high-grade intercepts. The main “A” Vein extends from surface where an open-cut bulk sample of 77 tons averaging 16.8 g/t Au was extracted to a minimum vertical depth of 400’ (125m). The “A” Vein was also intersected and drifted on the 125’ level where a bulk sample of 1.75 tons averaging 42.43 g/t Au was extracted during resampling efforts in the 1980’s. Historic drilling and exploration also note at least three (3) additional parallel veins between the 225’ (70m) and 425’ (130m) vertical depths with highlights of 26.95 oz/t (838.24 g/t) Au over 3’ (0.9m), 4.95 oz/t (153.96 g/t) Au over 3’ (0.9m), and 1.93 oz/t (60.03 g/t) Au over 3’ (0.9m).

  • DDH-8 (1958) – Three (3), 3ft (0.9m) wide Parallel Veins over 60m with historical assays ranging between 1.93 oz/t (60.03 g/t) Au* and 26.95 oz/t (838.24 g/t) Au*
  • Mine Dewatering and Sampling Program (1982) – Samples taken from the historical 125ft and 250ft levels described as “Wall Rock” averaged 0.59 g/t Au*. “Vein” assays up to 352 g/t Au*.
  • Historical Bulk Sampling (1938) – Open cut (surface) 77 tons milled with an average grade of 0.54 oz/t (16.8 g/t) Au*. A 1.75 ton sample at 125 ft drift average 1.5 oz/t (42.43 g/t) Au*.


*Please note, the gold grades, depths, and widths of drilling intercepts, historic workings architecture and average mining grades, and bulk sample sizes and grades are all historic in nature and non-compliant to the current 43-101 standards of reporting and cannot be accurately verified by the issuer at this time.

SANTA MARIA PORTION

The Santa Maria portion of the project consists of 74 single cell mining claims over 3840 acres (1554 hectares). There are at least four known gold showings reported to be on the property within the mining claims. These showings include the Santa Maria Shaft Zone (Shaft #1), The Lee Lake South Occurrence, The Lee Lake North Shore Occurrence, and, the Long Lake Gold – Quartz Vein.

An airborne EM & magnetic survey flown in 2012 by Geotech Ltd, identified 3 distinct EM anomalies. Each anomaly is suggestive of bedrock conductivity and should be considered high priority areas for follow-up exploration work.

  • The Santa Maria #1 Shaft Zone consists of sheeted quartz veining and quartz stockwork veining that occurs along the contact between felsic dykes and intensely carbonated mafic volcanics. The quartz vein zone ranges from 0.3 to 1.2 meters wide. Numerous individuals and companies have collected grab samples from the prospect, including; 25.7 g/t Au (Parker, 1988), 16.8 g/t Au (Fairservice, R.J. 2009), and 9.26 g/t Au (Long Lake Gold Mines Ltd, 1902).
  • The Lee Lake South Occurrence is located south of Santa Maria Shaft Zone and is described as being two intersecting ribbon-textured quartz veins (4cm and 56cm wide) that are exposed in an open cut. The veins are hosted within a sheared and carbonatized quartz-feldspar porphyry dyke which intrudes mafic volcanic rocks. Six samples were collected with reported assays up to 11.66 g/t Au.
  • The Lee Lake North Shore Occurrence is reported to be an east-west trending carbonatized and silicified felsic dyke, several meters wide, containing disseminated pyrite, galena and chalcopyrite. Two grab samples were collected and assayed 0.7 g/t Au and 1.21 g/t Au (Parker 1989)
  • Long Lake Gold – Quartz Vein was discovered 90 meters north of the Santa Maria Shaft Zone. This vein was reported by Long Lake Gold Mining Company as being “very wide and returned gold values” (Kresz, 1984) This vein is 1.2 meters wide and was traced for approximately 58 meters in strongly sheared sediments. Trench samples were reported to assay from trace up to 8.23 g/t Au.