Dryden Gold Provides Drill Program Update
Dryden Gold Provides Drill Program Update
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to provide a drill program update at
its Gold Rock project. The Company has now drilled 6,084 meters of the planned 15,000-meter program
and would like to update investors of its progress and plans to follow-up on Hole KW-25-003 that
returned 301.67 g/t gold over 3.90 meters including 1,930 g/t gold over 0.60 meters.
The Company remains committed to a data-driven approach to drill targeting and will continue to
incorporate all available geological, structural, and geochemical data into its drill planning. Drill targets
will be dynamically prioritized to allow sufficient time for logging oriented core and integrating new
structural interpretations into the design of subsequent holes. To date, Dryden has targeted the
Jubilee
Zone
,
Laurentian Mine
area and the
Intersection Target
(Figure 1). After encountering the new high-
grade Hanging Wall Zone ("
HW Zone
") while drill testing the Jubilee Zone, the geology team has
developed a new strategy to drill test both zones more strategically.
At Gold Rock, the Company is targeting Archean Lode-Gold style mineralization which is strongly
structurally controlled. Dryden has been working to improve the understanding of the deformation history
of the region as it relates to the emplacement of the gold mineralization. The Company has recently
uncovered a third gold bearing structural trend (the "
D3 Structure
", Figure 1) that has now been
integrated into targeting and drill testing. (
structural video
)
President of Dryden Gold, Maura J. Kolb stated,
"In order to best target high-grade gold mineralization,
the geology team is focused on unlocking the structural history to drive targeting during the drill
campaign. Through the drill program and mapping campaign, the geology team has collected
structural measurements to fine-tune our exploration model. The team continues to adjust the drill
plan as new data is collected, helping us have the best chances for intersecting high-grade gold
mineralization at the most effective cost."
HW Zone
With the discovery of the high-grade HW Zone (
see press release dated May 7, 2025
) the Company will
follow up this target with step out holes near surface based on the up-plunge projection of the
mineralization and using historical drill data to interpret the potential footprint of the new zone. In addition,
the team is planning holes that follow up this target around 200 meters depth where the initial hole KW-
25-003 intersected the significant mineralization.
Jubilee Zone
The Company begun testing the Jubilee Zone in 2024 with favourable results. Testing on this high-grade
zone to date has shown a 100-150-meter strike length with significant down plunge potential. Using the
structural controls and measurements from the oriented core, the geology team continues to test Jubilee
at depth of 300-500 meters below surface. Based on the new structural interpretation, the Jubilee Zone
has a more southerly trending plunge than initially interpreted. Hole KW-25-003, which also intercepted
the high-grade HW Zone and Hole KW-25-002, were both designed to test the northern extent of the
Jubilee Zone plunge. The geology team has now adjusted its structural interpretation and established the
new targets to better encounter the more southerly high-grade plunge at Jubilee (Figure 3).
Figure 1: Map of Gold Rock Exploration Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/252063_feeb5da764295b05_001full.jpg
Laurentian Mine
The Company has begun to test the Laurentian Mine area. This mine operated in the early 1900's
producing 20k tonnes at an average grade of 14 g/t gold (
1971 Ferguson
). The reported depth of the
mine was 140 meters below surface. The geology team will be targeting this zone below the historical
mine operations as well as drill testing hanging wall and footwall potentially mineralized zones. The
historical infrastructure continues to be "ground-truthed" by the geology team. Dryden will test this target
in small phases and adjust the drill plan with each new observation.
Intersection Target
Dryden is testing the structural thesis incorporating the newly defined D3 structure, on the new
Intersection Target (Figure 1 and 3). Based on the geophysical data interpretation and geological
mapping completed by Dryden, this drill target is based on the intersections of the three structural trends.
There are a few historical drill holes near this target that show prospective mineralization. The Company
will test this target with a first pass, then follow up if the results are favourable.
Figure 2: HW Zone Long Section with drill plan
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/252063_feeb5da764295b05_002full.jpg
Upcoming Marketing Events
Management will be participating in
The Mining Event of the North
(the "
Event
") on June 3-5, 2025, in
Quebec City. CEO, Trey Wasser will be meeting with shareholders and new investors over one-to-one
meetings and various networking events. Prior to the Event, the Company will sponsor an investor lunch
on June 2, 2025, in Montreal and a dinner in Quebec City organized by
MI3 Communications
.
Subsequent to the Event, Mr. Wasser will be meeting with institutional clients.
Dryden Gold will also be
participating in
121 Mining Investment New York
on June 9-10, 2025, followed by an investor roadshow
on June 11, 2025, organized by
Trinity Financing Investments Corporation
. Investors can expect an
update on the ongoing drill program and recent assays from the Gold Rock Camp.
Figure 3: Jubilee and Intersection Target Contoured Long Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/252063_feeb5da764295b05_003full.jpg
Qualified Person
The technical disclosure in this news release has been reviewed and approved by Maura J. Kolb, M.Sc.,
P.Geo., President of Dryden Gold and a Qualified Person as defined by National Instrument 43-101 of
the Canadian Securities Administrators.
Analytical Laboratory and QA/QC Procedures
The Company is drilling NQ size core. Samples are cut in half, with half going to the lab for analysis and
half kept as a record. True thickness/widths of the mineralization is unknown, result intervals are reported
as the drilled core lengths unless otherwise stated. All sampling completed by Dryden Gold Corp. within
its exploration programs is subject to a Company standard of internal quality control and quality
assurance (QA/QC) programs which include the insertion of certified reference materials, blank
materials, and a level of duplicate analysis. Drill samples from the 2024 and 2025 program were sent to
Activation Laboratories, with sample preparation and analysis in Dryden, where they were processed for
gold analysis by 50-gram fire assay with an atomic absorption finish and over limits determined by Fire
Assay with a gravimetric finish. Select samples were analyzed using metallic screens. Activation
Laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay
requirements outlined for NI 43-101.
ABOUT DRYDEN GOLD CORP.
Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold
mineralization listed on the TSX Venture Exchange ("DRY") and on the OTCQB marketplace ("DRYGF").
The Company has a strong management team and Board of Directors comprised of experienced
individuals with a track record of building shareholder value through property acquisition and
consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls a 100% interest
in a dominant strategic land position in the Dryden District of Northwestern Ontario. Dryden Gold's
property package includes historic gold mines but has seen limited modern exploration. The property
hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-Dinorwic
deformation zone. The property has excellent infrastructure, enjoys collaborative relationships with First
Nations communities and benefits from proximity to an experienced mining workforce.
For more information go to our website
www.drydengold.com
.
CONTACT INFORMATION
Trey Wasser, CEO
Email:
Phone: 940-368-8337
Ashley Robinson, Investor Relations
Email:
X:
@DrydenGold
Maura Kolb, M.Sc.. P. Geo., President
Email:
Phone: 807-632-2368
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release
.
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains "forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements include, but are not limited to, statements with respect
to : the acquisition of the Property, receipt of corporate and regulatory approvals, issuance of common
shares; future development plans; future acquisitions; exploration programs; and the business and
operations of Dryden Gold. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet determinable.
Any statements that express predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often but not always using phrases such as "expects", or
"does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled",
"forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be
achieved) are not statements of historical fact and may be "forward-looking statements." Forward-
looking statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking statements, including, without limitation: risks
related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to
the outcome of legal proceedings; political and regulatory risks associated with mining and exploration;
risks related to the maintenance of stock exchange listings including receipt of TSX Venture Exchange
approval for the acquisition
of the Property; risks related to environmental regulation and liability; the
potential for delays in exploration or development activities; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for
unexpected costs and expenses; the possibility that future exploration, development or mining results will
not be consistent with the Company's expectations; risks related to commodity price fluctuations; and
other risks and uncertainties related to the Company's prospects, properties and business detailed
elsewhere in Dryden Gold's and the Company's disclosure record. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements. Investors are cautioned against
attributing undue certainty to forward-looking statements. These forward-looking statements are made
as of the date hereof and Dryden Gold and the Company do not assume any obligation to update or
revise them to reflect new events or circumstances. Actual events or results could differ materially from
Dryden Gold's and the Company's expectations or projections.
UNITED STATES ADVISORY.
The securities referred to herein have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "
U.S. Securities Act
"), have been
offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated
under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the
account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States
Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from
the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the
securities must not be conducted unless in accordance with the U.S. Securities Act. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be
any sale of securities in the state in the United States in which such offer, solicitation or sale would be
unlawful.
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