Dryden Gold Corp. Provides Summary of Summer Mapping Program on the Tremblay Area
Dryden Gold Corp. Provides Summary of
Summer Mapping Program on the Tremblay
Area
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) -
Dryden Gold Corp. (TSXV: DRY)
("
Dryden Gold
" or the "
Company
") is pleased to present a summary of the surface mapping program
conducted in 2023 within the Tremblay area. Throughout the summer and fall of 2023, Dryden Gold
conducted an initial mapping and sampling program across the northern segment of the Dryden
property, recognized as the Tremblay Area (Figure 1). The Tremblay Area is approximately 300 km
2
and
is part of Dryden Gold's strategic land package which covers over 48,000 hectares. The program's
objective was to comprehensively survey and map the terrain, enhancing the understanding of access
logistics for exploration purposes, identifying potential gold-hosting rock formations, and delineating
potential deposit styles within the northern section of the land package.
"While our primary focus lies in exploring the Gold Rock Camp, it remains pivotal for us to delineate a
target pipeline and demonstrate the exploration potential for the entire land package. It is key for us to
gain a better understanding of the potential types of deposits hosted on the Dryden Gold property and
explore the ground with a very systematic and structured approach.
We will rank and rate the
exploration targets based on multiple criteria, strategically select grassroots targets for further
exploration and identify areas for property expansion."
stated Maura Kolb, the President and Head of
Exploration for the Company.
Program details
The mapping and sampling initiative utilized logging roads for access and navigated the Wabigoon
chain of lakes waterways. Sample collection prioritized obtaining representative samples for a
comprehensive regional geochemical study with a focused on gathering samples related to observed
alteration and/or mineralization.
While the results from the geochemical sampling are currently pending,
our geology team is actively engaged in interpreting the findings specific to each region. By integrating
the latest geochemical findings with the 2022 airborne magnetic survey conducted over the Tremblay
property, Dryden Gold aims to delineate specific areas warranting further exploration activities. The total
number of samples collected for Gold and multi-element geochemistry assay during this program was
221 surface rock samples. From these samples, a subset of representative samples was also analyzed
for whole rock geochemistry to aid in the understanding of the geological settings in the northern portion
of the property.
The northern section of the property, known as the Tremblay Area, encompasses various distinct target
zones. These include Hyndman, Sandybeach, Avery, Tabor, and Turtlepond. Each of these target areas
possesses a unique geological setting, yet all align with Dryden Gold's overarching thesis, emphasizing
the correlation between gold mineralization and major structural features such as the Manitou Dinorwic
Deformation Zone or the Wabigoon Fault.
Figure 1: Dryden Property Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/194699_0cad322b04ed1b1d_001full.jpg
The Company has prepared and filed a technical report in respect of the Dryden Gold Properties titled
"NI 43-101 Technical Report Dryden Gold Project"
and dated effective September 6, 2023, prepared
for the Company by Calvin Church, P.Geo, a copy of which can also be found under the Company's
profile at
www.sedarplus.ca
.
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.
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"). 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 & consolidation, exploration success and merger &
acquisitions. Dryden Gold controls a 100% interest in a dominate 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 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
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
.
Further details of the Amalgamation, the Listing and the business plan will be included in subsequent
news releases and disclosure documents to be filed by Dryden Gold Corp.
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 terms and conditions of the Amalgamation; the terms and conditions of the Financing; use of
proceeds from the Financing; future development plans; 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 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; risks related to environmental regulation and
liability; the potential for delays in exploration or development activities or the completion of feasibility
studies; 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; results of
prefeasibility and feasibility studies, and 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.
Not for distribution to United States news wire services or for dissemination in the United
States.
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