Dryden Gold Intersects 26.11g/t Gold over 3.16 meters in First Drill Program on the Gold Rock Camp within the Dryden Gold District, Ontario
Dryden Gold Intersects 26.11g/t Gold over 3.16
meters in First Drill Program on the Gold Rock
Camp within the Dryden Gold District, Ontario
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) -
Dryden Gold Corp. (TSXV: DRY)
("Dryden Gold" or the "Company")
reports assay results from the first two phases of its initial drill
program testing the Gold Rock portion of its Dryden Gold Project. The program successfully achieved
the three main objectives of testing high-grade shoot orientation, identifying new high-grade shoot
periodicity and confirming the theorized expanded strike length within the Big Master gold system.
Highlights:
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
m, including 79.80 g/t gold over 0.33 m.
Confirmed interpreted 1.5 km strike length on the Big Master gold system which is
open in all
directions
with significant step-out holes
KW-23-004
returning
3.40 g/t gold over 1.60 m
and
KW-23-010
intersecting
3.70 g/t gold over 6.00 m
including 10.60 g/t gold over 0.4 m.
Confirmed orientation and expanded historically delineated high-grade shoot with new holes
KW-
23-016
which intersected
3.81 g/t gold over 7.00 m
including 71.00 g/t gold over 0.30 m and
KW-
23-018
intersecting
6.66 g/t gold over 4.30 m
including 44.80 g/t gold over 0.27 m.
Phase three drilling has been completed with results pending and phases four and five are
anticipated to be completed over the next 6-8 weeks.
Dryden Gold CEO, Trey Wasser stated "These assay results mark a great start for Dryden Gold's
exploration team. All our goals for the first two phases of drilling were successful and as a result we are
showing the significant near-surface, high-grade gold potential within the Gold Rock Camp portion of
the district scale Dryden Gold project. These findings underscore the importance of our systematic
drilling approach and highlight the potential to be unlocked in this strategic and underexplored land
package."
The 13 shallow drill holes reported today represent phases one and two of the drill program completed
between November and December 2023 for a total of 1,613 m (Table 1).
Table 1. Phase One and Two Drill Results
Drillhole
From
To
Length (m)*
Grade (g/t Au)
KW-23-001
65.30
68.13
2.83
0.45
KW-23-002
19.12
20.50
1.38
3.14
Including
19.12
19.42
0.30
7.81
36.50
37.67
1.17
2.45
KW-23-003
17.50
19.34
1.84
4.99
26.00
27.00
1.00
1.67
KW-23-004
58.40
60.00
1.60
3.40
KW-23-005
NSV
KW-23-006
NSV
KW-23-007
100.00
100.80
0.80
34.00
123.50
125.00
1.50
3.85
136.00
137.58
1.58
1.29
144.00
144.69
0.69
20.93
Including
144.30
144.69
0.39
36.70
KW-23-009A
29.00
30.33
1.33
0.92
107.50
110.66
3.16
26.11
Including
110.33
110.66
0.33
79.80
KW-23-010
15.00
19.00
4.00
1.69
133.00
139.00
6.00
3.70
Including
134.30
134.70
0.40
10.60
KW-23-015
125.00
127.00
2.00
2.59
Including
125.33
126.25
0.92
5.35
KW-23-016
37.50
44.50
7.00
3.81
Including
43.00
43.30
0.30
71.00
KW-23-017
48.40
57.07
8.67
1.21
Including
49.05
51.07
2.02
4.33
KW-23-018
74.50
78.80
4.30
6.66
Including
75.93
76.20
0.27
44.80
*Reported intervals are drilled core lengths; assay values are uncut. No significant value "NSV".
Drillhole
From
To
Length (m)*
Grade (g/t Au)
Testing High-grade shoots
Several holes were focused on testing the controls on high-grade shoot orientation caused by
intersection of structures (lineation) and fold hinge orientation. Previous drilling indicated the potential for
these new high-grade shoots, but the continuity and orientation of the potential shoots had not been
previously tested. Hole KW-23-009A returned
26.11 g/t gold over 3.16 m
including 79.80 g/t gold over
0.33 m within a mineralized quartz vein within the BM1 zone. Additionally, hole
KW-23-010
intersected a
hypothesized high-grade shoot on BM2 returning
3.70 g/t gold over 6.0 m
including 10.60 g/t gold over
0.40 m.
Six holes were drilled within the historically delineated high-grade shoot within BM2. Hole KW-23-016
intersected visible gold within a sheared mafic volcanic unit with strong biotite alteration with quartz
veinlets and returned
3.81 g/t gold over 7.00 m
including 71.00 g/t gold over 0.30 m.
Confirmed 1.5km Strike Length
A key objective of the drill program was to drill test the strike extension of the Big Master gold system
that had been interpreted from 2023 field work. Hole KW-23-004 was a step-out of 450 meters and
intersected
3.40 g/t gold over 1.60 m.
Hole KW-23-010, which also tested a new high-grade shoot,
was drilled at the southeastern extent of the Big Master Gold system confirming the 1.5 km strike length
of the system that is still open in all directions.
Highwall-footwall Mineralization
The hanging wall and foot wall mineralization was historically sporadically sampled making it difficult to
understand the continuity and potential of the hanging wall/foot wall mineralization. Drill hole KW-23-007
returned multiple mineralized intercepts, including:
34.00 g/t gold over 0.80 m
from 100 m down hole
(hanging wall of the BM2) and
20.93 g/t gold over 0.69 m
from 144 m down hole including 36.70 g/t
gold over 0.39 m (foot wall of the BM2), confirming the high-grade potential of the hanging wall & foot
wall structures on the BM2 gold system. This summer the Company is planning a re-logging program of
historic core to more accurately assess the potential of this mineralization.
Halo Mineralization
The assessment of the halo mineralization is another important element of defining potentially minable
widths of mineralization. Hole KW-23-018 intercepted
6.66 g/t gold over 4.30 m
including 44.80 g/t
gold over 0.27 m, excluding the high-grade intercept the halo mineralization would alone has a grade of
4.10 g/t gold over 4.03 m
. Hole KW-23-017 intersected halo mineralization of pyrite sulphidation within
sheared volcanics that returned gold values of
1.21 g/t gold over 8.67 m
indicating halo mineralization
was present even when the high-grade mineralization was absent.
The Company has recently completed a third phase which assessed the Elora Vein which parallels the
Big Master gold system. Dryden Gold's phases four and five will include extended lateral step-outs, and
further testing of known and theorized high-grade shoots. The complete drill program is expected to total
approximately 4,000 meters and be completed in March 2024.
Figure 1 - Plan map displaying Dryden Gold drill hole collars (blue) with historic drill collar locations
(light grey). Significant assays reported in this news release are labeled. The vertical projection of the
mineralized zone is included for reference.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/198715_49a46a3d24d7dae3_001full.jpg
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"). 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, Marketing
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 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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