Dryden Gold Corp. Reports Surface Rock Samples Grading up to 34.80 g/t Gold at Hyndman Property
Dryden Gold Corp. Reports Surface Rock
Samples Grading up to 34.80 g/t Gold at
Hyndman Property
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2025) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to announce new samples collected
during the 2024 summer mapping campaign at the Hyndman Property ("Hyndman"). In 2023, the
Company expanded its land holdings at Hyndman based on favourable field results and added
additional exploration targets. Hyndman is made up of over 6,000 hectares and lies approximately 45
km east of the Gold Rock Camp (
Figure 1
). It is part of the Tremblay option properties and enjoys
excellent infrastructure, including the Trans-Canada Highway and extensive logging roads. The early
exploration success at Hyndman is validation of Dryden Gold's generative exploration pipeline and its
"district scale" thesis.
Highlights
:
This exploration campaign returned five samples over 1 g/t gold with the best sample grading 34.8
g/t gold and second-best sample grading 6.41 g/t gold
(Figure 2
).
The Hyndman Property now has confirmed gold showings on two of the nine geophysical
anomalies highlighted by the geophysical study completed by Mira Geoscience ("Mira")
(Figure 3
).
Five of these geophysical targets remain under-explored and will be follow up in subsequent
exploration campaigns.
Summary of 2024 Hyndman Work Campaign
The 2024 Hyndman summer program consisted of targeted mapping traverses based on exploration
targets generated from a geophysical reinterpretation completed by Mira using the Company's 2023
high resolution airborne magnetic survey. The prospecting and mapping campaign was defined by a 3D
magnetic susceptibility inversion and subsequent models generated by Mira using the Company's high
resolution airborne magnetic survey, performed in 2023. Mira reprocessed the data to produce a 3D
geological model of the Hyndman regional geology and a 3-D constrained magnetic susceptibility
inversion. This model identified several high priority exploration targets including a validation of the
showing that was discovered during the 2023 initial field program where
three rock samples returned
over 10 g/t gold
. Using the Mira targets and drone footage of the area, four mapping traverses were
performed to get detailed lithological and structural information to produce refined geological map.
Samples were also collected in select areas based on field observations.
"I am very proud of our technical team and the success of their generative program at Hyndman. This
area has seen very limited historical exploration due to heavy forestation. The advancement of
Hyndman shows our systematic exploration process working to make new discoveries and show the
"district-scale" potential of our 70,000-hectare property package. This project area has excellent
infrastructure located just off the Trans-Canada Highway where the local forestry company recently
"clear-cut" the area helping to provide access and expose the rocks for our exploration program.
While our primary focus will remain expanding the known mineralization at the Gold Rock Camp, we
are confident in the district-scale opportunity providing us with an excellent pipeline of regional
targets,"
stated Trey Wasser, CEO of Dryden Gold.
2025 Exploration
The Company is planning additional exploration at Hyndman in 2025. Gold mineralization occurred at the
two geophysical targets that were mapped and there remains five geophysical targets that are under-
explored. The lithological contacts inferred by the regional geophysical modelling by Mira demonstrate
possible areas of high strain focus as a result of these rocks, rheological differences and should be
further explored for gold mineralization. In addition, more exploration work mapping the shear zones
within the dioritic intrusion and any shear or fault splays will be part of the follow up exploration campaign.
Depending on further results an initial drill program may be developed for fall 2025.
Figure 1: Regional Map displaying three mapping areas from 2024 field program.
To view an enhanced version of this graphic, please visit:
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Figure 2: Sample summary map with labels for highlight grades.
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Figure 3: Mapping transects displaying geophysical targets from 3D inversion study and 2024
surficial samples.
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Refined Geology
The summer mapping program was successful in further refining the geological understanding at
Hyndman. The new geological map shows more details of the lithological relationships specifically the
interbedded mafic metavolcanic rocks, metasedimentary layer and dioritic intrusions. (Figure 2)
The initial exploration targets, based on geophysics were magnetic anomalies interpreted to be
lithological contacts, alteration and shearing. The detailed mapping shed more light on the nature of
these targets. The gold showings hosted within the mapped diorite are situated within narrow shear
zones that cut through the intrusion. Interestingly through mapping one of the highly prospective shear
zones in this dioritic intrusion contained narrow fragments (zenoliths) of gabbro. In addition,
mineralization was associated with aplitic dykes in the shear zones. The association of mineralization
with these intrusive bodies will need to be further explored. Intrusions can act as ridged bodies in
comparison with the more ductile surrounding mafic and metasedimentary rocks during deformation.
Strain partitioning associated with these more competent rocks is likely related to the association with
gold mineralization.
The mineralized samples from Hyndman to date displayed moderate to strong quartz veining with
various degrees of chlorite and carbonate alteration. Hydrothermal alteration and deformation suggested
that gold mineralization is strongly associated with the deformation and shear zones. Mineralized
samples were hosted in sheared rock and quartz veins with associated sulphide mineralization of pyrite
with or without arsenopyrite.
Table 1:
Gold Results over 1gpt gold from Hyndman Property
Sample ID
UTM Easting
UTM Northing
Au (g/t)
Sample Type
Lithology
Description
K003626
567,380.29
5,486,959.73
34.80 g/t
Outcrop
Quartz vein
Sample collected from
large quartz vein in
shear zone, trying to
highlight grade
associated with more
intense
hematite and
ankerite alteration.
Vein
contains about 0.5%
fine grained
pyrite
associated with
mafic
volcanics.
K003624
567,643.22
5,486,888.55
6.41 g/t
Outcrop
Diorite
Sample of just the
carbonate-altered
and
mineralized, sheared
diorite. Pyrite is
generally disseminated
throughout at roughly
2%. Carbonate
alteration is also
pervasive. Mafic
minerals are mainly
biotite with some
chlorite and sericite.
K003586
565,966.83
5,488,893.69
2.54 g/t
Subcrop
Aplite dyke
Sample contains up to
40%
cm-scale quartz
veins in aplite. Higher
chert content, maybe
more
silicified at this
location. Contains up
to
4% fine- to very coarse-
grained
arsenopyrite
entirely within veins.
K003582
565,960.26
5,488,894.49
1.66 g/t
Subcrop
Aplite dyke
Mineralized quartz veins
in
an aplitic dike.
Sample contains
approx. 30% quartz
veining. Pyrite occurs
disseminated through
both the host material
and veins. Very coarse
grained arsenopyrite
occurs in vugs in the
veins.
K003574
564,749.11
5,488,762.27
1.09 g/t
Outcrop
Quartz vein
Sample of the initial
≥1.5-m-wide
quartz vein
discovered. This
location
does not show
as much ankerite
and
pyrite is dominantly
disseminated
throughout
host material.
Sample ID
UTM Easting
UTM Northing
Au (g/t)
Sample Type
Lithology
Description
Metals Investor Forum and AME Roundup
Dryden Gold is pleased to announce that it will be participating in the upcoming
Metals Investor Forum
in
Vancouver on Friday, January 17
th
and Saturday, January 18
th
at the Fairmont Pacific Rim Hotel.
President, Maura Kolb, P. Geo, will be giving a 10-minute corporate presentation on Friday at 9:50am
PT, followed by a short Q&A. Dryden Gold will be presenting as part of newsletter writer, Chen Lin's
panel of companies. Trey Wasser, CEO and Director along with VP Exploration, Anna Hicken, P. Geo.
will also be available to meet with investors and answer questions. The conference agenda can be found
here
. We welcome the opportunity for attendees to reach out to management with any questions and
review our updated corporate presentation
here
.
Investors can also find Management at
AME Roundup
at the Core Shack #821 on Monday, January 20
th
and Tuesday, January 21
st
from 9am-4pm PT.
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. As a result of an administration error, Maura Kolb's registration
as a P. Geo for the year 2024 was not in good standing. This administration error has been resolved and
Ms. Kolb's registration as a P. Geo for the year 2025 is current and in good standing. All disclosure of a
technical or scientific nature made by the Company in 2024 that was disclosed as having been
approved by Ms. Kolb, was also prepared and overseen by Anna Hicken, M.Sc. P. Geo, Vice President
Exploration.
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
2024 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 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.
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