Dryden Gold Highlights Sherridon Property Historic Results and Details Completed Field Work from the Summer Program
Dryden Gold Highlights Sherridon Property
Historic Results and Details Completed Field
Work from the Summer Program
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to highlight historic results and
details from its summer 2024 field campaign at the Sherridon Project located in the southern region of
its land holdings in Dryden Ontario (Figure 1).
Dryden has compiled and begun reinterpreting historical drilling, sampling, and geophysical data to
develop additional near and long-term exploration targets. Following this compilation, the company
completed a phased mapping program across the entire Sherridon Property and is currently re-logging
selected historic drill holes.
Highlights from the Sherridon Property:
A total of 96 historic surface samples were collected on the property with multiple intercepts over
30 g/t and with five samples over 100 g/t
from quartz veins within variably sheared and silicified
pillowed mafic volcanic rocks (Table 1).
Highest grade surface sampling returned
617.00 g/t gold.
A total of 26 historic drill holes were drilled in 2010 and 2012 focused on an IP anomaly with the
first program intersecting visible gold in seven of the ten holes (Table 2).
Dryden Gold is in the process of relocating and re-logging these holes with additional
sampling occurring on these selectively sampled historic holes.
Dryden Gold completed a comprehensive mapping and sampling program over the Sherridon
Property in the summer of 2024 with assay results pending.
Dryden Gold recently announced the strategic expansion of its land holdings in this area with an
additional property purchase (
News Release - Oct 21, 2024
)
"Our summer fieldwork at the Sherridon Property has provided us with an exciting opportunity to revisit
and expand on historic results in this highly prospective region. The historical data, including several
high-grade intercepts over 30 g/t gold and assays as high as 617 g/t from surface sampling,
underscore the tremendous potential of the property. Combined with our recent acquisition of the
Shear Gold Claims, strategically located near our Sherridon project, we are significantly expanding
our exploration footprint and are well-positioned to build a robust near-and long-term strategy for
unlocking further value
," stated Trey Wasser, CEO of Dryden Gold.
Figure 1 - Map displaying Dryden Gold land package with the Sherridon project highlighted in the
southwest section of the map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/227498_667dad38642b6ba2_001full.jpg
Summary of Historic Sampling and Drilling
In 2009, a total of 96 historic samples were collected, with 55 returning assays of 0.25 g/t Au or higher,
the threshold for anomalous values. Among these, 40 samples exceeded 1 g/t Au, and 23 of those
surpassed 5 g/t Au. The samples were primarily collected from quartz veins within an IP anomaly, hosted
in sheared and silicified pillowed mafic volcanic rocks. Mineralization consisted of pyrite and pyrrhotite
+/- chalcopyrite with visible gold noted multiple times.
Historic drilling was completed in three phases between 2010 and 2012 and consisted of 26 holes.
The
first phase of the program was designed to test IP and prospecting anomalies with seven of ten holes
intersecting visible gold.
The second and third phase were designed based on data from the previous
phases, surface samples and IP anomalies.
Mineralization in these historic holes was predominately
observed in quartz veins within variably sheared and altered pillowed mafic volcanic rocks.
The dominant
sulfides included pyrite, pyrrhotite, and trace amounts of chalcopyrite, with biotite and chlorite alteration
also observed.
Summary of Dryden Gold 2024 Summer Field Work & Re-Logging
Dryden Gold completed a comprehensive mapping program over the entirety of the Sherridon Property
during its summer 2024 field program.
The mapping focused on enhancing the understanding of the
geological controls on the Property with a specific emphasis on the structural and geochemical controls
on mineralization and alteration.
Select samples were collected as representative lithological units and
are currently being run for specialty geochemical analysis.
This will provide a more comprehensive
understanding the regional and local controls on mineralization to ultimately provide more short and long-
term exploration targets for Dryden Gold.
Dryden Gold is in the process of relocating all historic drill holes from the Sherridon Property to its core
logging facility, where re-logging and sampling of selected holes is currently underway. Previous
operators selectively sampled the historic holes, but with the improved understanding gained from recent
field mapping, Dryden is conducting a more thorough re-logging and sampling process to obtain deeper
analytical insights from these drill holes.
Figure 2 - Map of Sherridon Property highlighting historical surface samples and historical drilling with
intercepts over 10 g/t gold.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/227498_667dad38642b6ba2_002full.jpg
Table 1 - Summary of historic significant assays (over 5 g/t gold) from surface samples collected on
the Sherridon Property as reported by Manitou Gold
1
.
Samples that returned over 100g/t gold are
bolded.
Note: coordinates are in NAD83/Zone 15.
Sample ID
UTM East
UTM North
Rock Code
Au g/t
H179834
513941
5454773
Mafic volcanic with quartz vein
5.50
H179835
513942
5454765
Mafic volcanic with quartz vein
123.00
H180001
513929
5454806
Quartz vein
184.50
H180002
513930
5454806
Quartz vein
176.50
H180005
513901
5454788
Mafic volcanic
22.60
H180010
514167
5454556
Mafic volcanic
14.50
H928256
513930
5454809
Mafic volcanic with quartz vein
37.40
H928275
514165
5454558
Mafic volcanic with quartz vein
49.60
H928280
514112
5454570
Mafic volcanic with quartz vein
9.25
H928283
513934
5454772
Quartz vein
98.80
H928284
513934
5454772
Quartz vein
36.40
H928286
513860
5454747
Mafic volcanic with quartz vein
122.50
H928297
512602
5455306
Mafic volcanic with quartz vein
9.15
H928298
512599
5455304
Mafic volcanic with quartz vein
30.20
H928303
514214
5454603
Mafic volcanic
22.90
H928306
513932
5454785
Mafic volcanic with quartz vein
21.20
H928330
513929
5454807
Mafic volcanic with quartz vein
17.50
H928331
513926
5454805
Mafic volcanic with quartz vein
7.46
H928332
513899
5454787
Mafic volcanic with quartz vein
9.74
H928349
513941
5454767
Quartz vein
617.00
H928350
513942
5454770
Quartz vein
31.00
H928351
513940
5454765
Quartz vein
62.10
H928352
513942
5454765
Quartz vein
54
Sample ID
UTM East
UTM North
Rock Code
Au g/t
Table 2 - Summary of historic assays from historic drilling samples* collected on the Sherridon
Property as reported by Manitou Gold
2
.
Intervals over 10 g/t Au are bolded.
Hole ID
From (m)
To (m)
Width (m)
Au g/t
SH-10-04
46.30
46.80
0.50
2.10
53.70
54.30
0.60
9.40
SH-10-05B
34.50
35.30
0.80
19.70
48.00
48.50
0.50
1.20
54.80
57.00
3.20
0.90
Including
55.25
55.80
0.50
7.60
71.70
74.10
2.40
5.70
Including
71.70
72.20
0.50
25.30
SH-10-06
47.50
49.00
1.50
1.80
54.00
57.00
3.00
1.10
111.50
112.10
0.60
1.60
60.00
61.50
1.50
3.90
SH-10-07
60.00
60.50
0.50
11.00
SH-10-08
116.10
116.70
0.60
10.80
SH-10-09
30.20
31.10
0.90
1.00
59.30
60.10
0.80
1.00
85.70
86.20
0.50
1.20
113.60
114.00
0.50
1.50
SH-10-10
3.00
4.00
1.00
5.70
15.60
16.10
0.50
4.80
64.20
65.10
0.90
1.00
SH-10-11
37.40
38.30
0.90
1.00
56.00
56.60
0.50
1.20
69.30
69.80
0.50
1.10
SH-10-12
59.30
62.30
3.00
7.70
Including
60.50
61.00
0.50
46.00
100.50
101.00
0.50
14.30
104.50
107.00
2.50
2.90
Including
104.50
105.30
0.80
8.00
SH-10-14
88.10
88.70
0.60
1.70
SH-10-15
78.50
81.00
2.50
4.60
Including
79.30
79.80
0.50
23.00
102.00
102.50
0.50
2.40
114.30
127.00
12.80
1.20
Including
114.30
119.00
4.80
2.60
Including
114.30
115.00
0.70
11.50
140.00
140.50
0.50
2.70
157.60
158.10
0.50
1.80
201.00
202.00
1.00
5.00
SH-10-16
166.00
171.50
5.50
1.30
170.00
170.50
0.50
10.30
180.50
181.50
1.00
1.90
186.00
187.00
1.00
5.70
SH-10-17
176.50
178.00
1.50
3.60
192.00
194.75
2.75
7.10
Including
192.00
192.50
0.50
38.70
221.50
223.50
2.00
1.50
258.85
260.50
1.65
3.00
SH-10-18
66.00
69.00
3.00
1.30
SH-12-24
18.80
21.90
3.10
4.70
SH-12-25
71.20
76.70
5.50
15.40
Including
74.00
75.00
1.00
83.10
*Intervals are in core length
Hole ID
From (m)
To (m)
Width (m)
Au g/t
1
Taras, T. & Kettles, K., Assessment Report on the Manitou Gold Inc. Sherridon Property 2009 Prospecting Program, Dryden Ontario., 2011
.
2
Taras, T., Assessment Report on the Manitou Gold Inc. Sherridon Property 2010-2012 Diamond Drill Program Dryden, Ontario, 2012.
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. 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.
Historic samples were analyzed by ALS Chemex, an ISO 9001:2000 accredited company. The historic
operator delivered the samples to ALS's sample preparation facility in Thunder Bay. Samples were
dried, crushed to #10 mesh (<2 mm), and then a 250 g split was pulverized to 75 microns. 100 g of
pulverized material was then sent to ALS's analytical facility in Vancouver, British Columbia. Gold was
analyzed by fire assay with an AAS finish, using 30 g samples. ALS has an internal QA/QC procedure of
regularly re-analyzing selected samples, as well as inserting internal standards and blanks.
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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