My experience with shale fill is in the Ohio and Kentucky area. The problem with using shale in our area,as any kind of fill, is that the shale particles are not durable. If it is placed as a durable rock, in larger pieces, over time the shale will weather in-place when subjected to water and air. The intact pieces will soften and then the point-to-point contacts between the shale pieces will collapse causing subsidence. This is why the Kentucky Transportation Cabinet has spent millions of dollars studying how to properly place shale fills. Their conclusion is that the shale needs to be completely broken down into a soil-like mass using water and heavy equipment to avoid collapse of the intact shale structure.
If you are trying to use the shale as a granular base, the shale will not provide the support that a durable granular base would provide. Also using the Mirafi fabric will not prevent the shale from eventually collapsing.
I believe that using the shale will likely result in potholes in your driveway. Once you pave the drive, it will likely damage your asphalt pavement and cost you much more than what the recycled asphalt base will cost you. I believe a good durable base material will pay for itself in the long run, since it will reduce your long-term maintenance costs.
If possible you should talk with a local geotechnical engineer to determine if your local shales will behave as I have described. I believe they will, since shale is formed by compressed mud.
If you wanted to use the shale to build up a subgrade for your driveway, this is possible provided the shale is placed and properly compacted. Recompacted shales tend to give lower subgrade support values, due to posssible swelling characteristics. Again this would be a good thing to discuss with your local geotechnical engineer.
Finally, the geotextile fabric should be placed between the subgrade and the durable granular base material (i.e. crushed durable stone or recycled aphaltic concrete paement) to help prevent migration of the subgrade materials into the granular base materials and reducing the granular base support properties. If your existing subgrading is questionable the geotextile fabric could also help stabilize the subgrade soils.
Good luck.