Dryden Gold Announces Details of Upcoming Phase Five Drill Program at Gold Rock
Dryden Gold Announces Details of Upcoming
Phase Five Drill Program at Gold Rock
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF) ("Dryden Gold" or the "Company")
is pleased to announce details of its
upcoming Phase Five drill program at the Gold Rock camp.
The Gold Rock project is found within the
Company's strategic
60,000-hectare land package
that is focused along the Manitou-Dinorwic
deformation zone outside of the town of Dryden, Ontario.
The Phase Five program is scheduled to
commence in late July 2024 and is planned to consist of 11 holes totaling approximately 1,300 meters.
To date, the Company has drilled a total of four phases at Gold Rock. Highlights from all four phases
include:
Confirmed orientation, structural controls and expanded a historically delineated high-grade shoot
on Big Master Two ("BM2") with hole KW-23-016 returning
3.81 g/t
gold over
7.00 meters
,
including
71.00 g/t
gold over
0.30 meters
and KW-23-018:
6.66 g/t
gold over
4.30 meters,
including
44.80 g/t
gold over
0.27 meters
(Link to release)
Confirmed orientation, structural controls and expanded the Elora high-grade zone returning KW-
24-008:
14.10 g/t
gold over
7.54 meters
,
including
43.81 g/t
gold over
1.42 meters
and
92.10 g/t
gold over
0.30 meters,
and KW-24-003:
53.51 g/t
gold over
1.05 meters
,
including
181.00 g/t
gold over
0.30 meters
(Link to release)
.
Successfully intersected new high-grade shoot on the Big Master One ("BM1") with drill hole KW-
23-009A intersecting
26.11 g/t
gold over
3.16 meters
,
including
79.80 g/t
gold over
0.33 meters
(Link to release)
.
For technical details from Dryden Gold's drill program (phases 1-4), please
click here
.
"With our upcoming phase five drill program at the Gold Rock camp, we are set to build on the
impressive results from our previous drilling phases.
This program represents a crucial step in our
strategy to unlock the full potential of the Manitou-Dinorwic deformation zone,"
said Trey Wasser, CEO
and Director of Dryden Gold Corp.
Gold Rock Camp
The Gold Rock Camp area extends approximately 25 km along strike of the Manitou-Dinorwic
deformation zone and is centrally located in the Dryden Gold land package (Figure 1).
This region
consists of historic mining and drilling and represents a brownfields opportunity for Dryden Gold.
Geologically, this area is hosted by mafic volcanic flows that were intruded by syn-deformational felsic
dykes with orogenic gold occurrences largely occurring within approximately 5 -10 km of major east and
north-east trending deformation zones.
Figure 1 - Map of Dryden Gold Property with the Gold Rock Area showing.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/217413_bca1449af4e00837_001full.jpg
The Phase Five program will continue to advance the high-grade gold potential of the region by
concentrating on the Big Master gold system.
The planned holes are preferentially focused on the plunge
extension of the historically defined high-grade shoot, the newly identified shoot from phases 1-4, and
along strike extensional drilling to the southwest.
Marketing Update
Dryden Gold recently participated in a roadshow put on by
Mi3 Communications
in Montreal, Montreal
and Beauce where Trey Wasser, CEO and Director met with over 70 new investors.
The Company has confirmed participation in the upcoming
121 Mining Investment New York
(October 21-22, 2024) and
London
(November 14-15, 2024) conferences, as well as the
Swiss
Mining Institute
's Zurich conference (November 20-21, 2024).
Dryden's updated company presentation is also available on the Company's
website
and can be
downloaded
here
.
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
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
2023 program were sent to Activation Laboratories, with sample preparation and analysis in Thunder
Bay, 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. 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 traded on the OTC Pink Sheets under
the symbol 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
acknowledges all Indigenous Peoples and that it is operating on the traditional homelands of the
Wabigoon Lake Ojibway Nation and Eagle Lake First Nation. 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 First Nations support and 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 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 affect actual events or results to differ from those reflected in the forward-looking statements including, 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 conditioned 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.
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