Dryden Gold Corp. Reports Surface Rock Samples up to 13.00 g/t Au, Expands Land Package and Welcomes Kenorland Minerals to the Dryden District
Dryden Gold Corp. Reports Surface Rock
Samples up to 13.00 g/t Au, Expands Land
Package and Welcomes Kenorland Minerals to
the Dryden District
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2024) -
Dryden Gold Corp. (TSXV:
DRY)
("
Dryden Gold
" or the "
Company
") is pleased to announce that, based on results from rock chip
samples collected during the 2023 field program at its Hyndman Property "Hyndman", the Company
strategically staked additional ground to expand the land package along the interpreted trend of
mineralization.
The Company would also like to welcome Kenorland Minerals Ltd (TSXV: KLD) to the
Dryden District. Kenorland Minerals is one of Canada's premier project generators and now holds over
73,000 hectares bordering Dryden Gold's properties
(see press release dated January 18, 2023
).
"While our primary focus is our drilling program in the Gold Rock Camp, we believe Dryden Gold
holds the strongest land position in the Wabigoon Greenstone Belt and will continue to expand at
strategic locations identified by our experienced geological team. We are very excited to see the
strong technical team at Kenorland Minerals take such a significant interest in the under-explored and
over-looked Dryden District"
stated Trey Wasser, CEO of Dryden Gold Corp.
Table 1: Significant Gold Results from Hyndman Property
Sample ID
UTM Easting
UTM Northing
Au (g/t)
Lithology
Description
240476
563705
5489944
0.632
Diorite
Fine to medium grained
medium grey with quartz
veins and cubic, blebby
and disseminated
sulphides.
240492
565909
5489030
2.080
Intermediate to mafic
volcanic
Medium grained dark
gray to white with more
biotite content. Irregular
Quartz veins going
through host rock. About
15% sulphides observed.
Iron oxidation on top.
240493
565909
5489030
13.000
Intermediate to mafic
volcanic
240494
565909
5489030
12.300
Intermediate to mafic
volcanic
240495
565909
5489030
10.900
Intermediate to mafic
volcanic
240496
565943
5488902
0.733
Quartz Vein
Red to pink colored
Quartz Vein with some
iron staining on top.
Pervasive sulphides can
be observed along
weather surface.
Note: Full list of results can be found later in this document.
About the Hyndman Property
A total of 38 surface rock samples were collected at Hyndman. Six of the samples collected hosted
significant gold mineralization, three samples hosted gold mineralization over 10.00 g/t Au with the best
result at 13.00 g/t Au (see Table 1, Figure 1 and Figure 2). Mineralization in the Hyndman area is hosted
in intermediate to mafic volcanic rocks adjacent to the Wabigoon Fault, a major regional structure. The
newly staked Hyndman claims enhance the overall strategic land package situated on one of the major
east-west structures in the Dryden District, similar to structures currently being explored by Dynasty Gold
(TSXV: DYG) and now a significant land package optioned by Kenorland Minerals Ltd. (TSXV: KLD).
Figure 1: Regional Geology of Hyndman Project Area with sample locations
To view an enhanced version of this graphic, please visit:
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The Hyndman Project area is the most easterly part of the Company's property. It is located just 2km
north of the Trans-Canada highway and has additional road access through a network of logging roads
(Figure 2 and Figure 3). The area has been recently logged making it easily accessible for additional
mapping and exploration work in 2024. Dryden Gold flew high-resolution airborne magnetic survey in
2022 which indicated layering of mafic to intermediate units and horizons of more magnetic rocks likely
due to magnetite or pyrrhotite within the host rock at Hyndman. Historically, gold showings have occurred
on the southern side of the major regional fault and the significant results from this program align with
previous discoveries and potentially new mineralized areas. Observations from the summer mapping
campaign included strong pyrite mineralization and silicification within intermediate to mafic volcanics,
pyrite mineralization hosted within diorite and pyrite mineralization in felsic dyke contacts.
Figure 2: Detailed Geological Map of New Discovery at Hyndman Project
To view an enhanced version of this graphic, please visit:
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Maura Kolb, the Company's President and Head of Exploration commented on Hyndman,
"the team
feels that multiple showings of over 10 g/t Au represent our first important target at Hyndman. We will
continue to test the potential of gold mineralization hosted within the mafic volcanic rocks on and
along the Wabigoon Fault. The shearing is very strong and pervasive throughout these rocks mapped
by the summer field team and the new results demonstrate strong growth potential along the
Wabigoon Fault."
Dryden Gold has significantly expended the size of the land package around the Hyndman Project area
(Figure 3). The new land package is nearly four times larger than the original Hyndman Project land
package and the additional land adds approximately another seven kilometers of strike on the south
side of the Wabigoon regional fault structure.
Figure 3: Regional Geology Map of Hyndman Project area showing newly acquired claims.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/195658_9db7155e34fa389e_003full.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.
Table 2: All Gold Results from Hyndman Rock Samples
Rock Samples Results from Hyndman
Sample ID
UTM Easting
UTM Northing
Lithology
Au (g/t)
240476
563705
5489944
Diorite
0.632
240477
563705
5489944
Quartz Vein
0.072
240478
563900
5489969
Porphyry
*
240479
564090
5489986
Diorite
*
240481
564090
5489986
Mafic Volcanic
*
240482
565503
5488050
Graywacke
*
240483
565873
5488885
Quartz vein
*
240484
565873
5488885
Granodiorite
0.006
240486
565873
5488885
Granodiorite
*
240487
566082
5488919
Biotite schist
0.022
240491
566070
5489505
Intermediate volcanic
0.005
240492
565909
5489030
Intermediate to mafic
volcanic
2.080
240493
565909
5489030
Intermediate to mafic
volcanic
13.000
240494
565909
5489030
Intermediate to mafic
volcanic
12.300
240495
565909
5489030
Intermediate to mafic
volcanic
10.900
240496
565943
5488902
Quartz Vein
0.733
240497
565943
5488902
Quartz Vein
0.372
242512
566069
5489492
Mafic Volcanic
0.010
242513
566075
5489457
Felsic Volcanic
*
242514
566075
5489457
Felsic Volcanic
*
242515
566075
5489457
Felsic Volcanic
*
1200675
562405
5495563
Gabbro
*
1200676
562440
5495416
Mafic volcanic
*
1200677
562424
5495311
Felsic tuff
*
1200678
562338
5495185
Mafic volcanic
*
1200682
565859
5489949
Mafic dyke
*
1200683
564907
5490329
Felsic tuff
0.005
1200684
564907
5490329
Mafic volcanic
*
1200685
564907
5490329
Vein
*
1200686
564907
5490329
Felsic tuff
0.006
1200687
564907
5490329
Felsic volcanic
*
1200688
564907
5490329
Mafic volcanic
0.267
1200689
564905
5490354
Mafic volcanic
*
1200691
564905
5490354
Quartz Vein
*
1200692
564905
5490354
Quartz Vein
*
1200693
564905
5490354
Felsic volcanic
*
1200694
564905
5490354
Mafic volcanic
*
1200695
564112
5492150
Mafic volcanic
*
* below detection limits
Rock Samples Results from Hyndman
Sample ID
UTM Easting
UTM Northing
Lithology
Au (g/t)
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. Surface samples from
the 2023 program were sent to Activation Laboratories, with sample preparation in Dryden and analysis
in Thunder Bay & Dryden, where they were processed for gold analysis by 50-gram fire assay with an
atomic absorption 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"). 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.
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