Dryden Gold Intersects 3.17 g/t Gold over 4.00 Meters Including 19.34 g/t Gold over 0.65 Meters at the Gold Rock Camp
Dryden Gold Intersects 3.17 g/t Gold over 4.00
Meters Including 19.34 g/t Gold over 0.65
Meters at the Gold Rock Camp
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2024) -
Dryden Gold Corp. (TSXV: DRY)
(OTC Pink: DRYGF) ("Dryden Gold" or the "Company")
is pleased to report assay results from its
Phase 4 drill program which successfully expanded the newly interpreted high-grade shoot that was
discovered in the Phase 2 drilling program to depth. Hole KW-24-009 intersected four zones of
mineralization in the Big Master gold system where it is interpreted that the mineralized zones area
converging together. The main target for this hole was Big Master 2 which returned 3.17 g/t gold over
4.00 meters including 19.34 g/t gold over 0.65 meters (Figure 1 and 2).
Hole KW-24-009 also
intersected a newly defined footwall zone that returned 1.38 g/t gold over 6.65 meters including 10.50 g/t
gold over 0.80 meters. In addition, this drill hole intersected mineralization in a previously defined
hanging wall zone and in the Big Master 1 vein structure at depth (Figure 3).
For a summary of today's drill results, please click the following link,
here
.
"A key objective we have at Dryden Gold is to find and expand additional high-grade shoots within our
growing footprint in the Gold Rock Camp. Our drill program has been designed to take bold step-outs,
not simply drill near known high-grade mineralization. (Figure 1) In today's results, our geology Team
has successfully predicted, defined, and expanded the high-grade gold shoot within the Big Master 2
system at 195m true depth and has established the down plunge potential of this system with the
deepest hole drilled by Dryden Gold to date.
This hole was a 100-meter step out from hole KW-23-010
that first discovered this new high-grade shoot in Phase 2 (Figure 2). With the plunge of this high-
grade shoot verified the Team sees potential to follow this system towards surface with shorter more
cost-effective drill holes,"
stated Trey Wasser, Dryden Gold's CEO.
Table 1: Highlights from Phase 4 Drill Program
Drillhole
From
To
Length (m)*
Grade (g/t Au)
KW-24-009
166.66
169.50
2.84
0.86
281.00
285.00
4.00
3.17
Including
281.95
282.60
0.65
19.34
348.50
351.00
2.50
0.96
393.10
399.75
6.65
1.38
Including
393.10
393.90
0.80
10.50
KW-24-013
24.00
34.50
10.50
0.74
*Reported intervals are drilled core lengths; assay values are uncut
Results released today complete the initial four phase drill program that Dryden Gold begin in November
2023 (Figure 1), all results and more technical details can be found on our website, linked
here
.
Figure 1 - Map of Dryden Gold Phase 1-4 Drill Program
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/206633_466dc1fcd44fc854_001full.jpg
Testing the New High-grade Shoot
The Company drilled two holes to test for potential depth extension and to determine the direction of the
plunge of the new high-grade shoot on BM2 which was theorized and successfully targeted
in Phase 2 of
the drill program with hole KW-23-010 (
link to news release
). Hole KW-24-009 was a step-out to the
south and was drilled 100 meters down plunge of Phase 2 drilling. This hole intersected 3.17 g/t gold
over 4.0 meters including 19.34 g/t gold over 0.65 meters. These high-grade shoots typically have robust
down plunge continuity. Figure 2 displays an updated contoured long section of BM2 and specifically
highlights hole KW-23-009 as it is one of the deepest holes on the Big Master System. Through
additional interpretation the geology team believes there is strong potential for this new high-grade shoot
to come to surface and will test this in future drill phases.
Figure 2 - Contoured long section of BM2 showing historical, previously reported Dryden Gold holes
(grey labels) and new drill pierce points (black labels).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/206633_466dc1fcd44fc854_002full.jpg
Testing the Big Master Gold System
Drill hole KW-24-009 was also designed to test the hanging wall and footwall zones of the Big Master
gold system and was drilled to extend through BM2 to BM1. These zones were not fully assayed by the
previous operator but were confirmed by Dryden Gold in Phase 1 drilling. This hole was specifically
targeting the trend of the high-grade shoot on BM2 but also pierced the three other mineralized zones
(Figure 3). This hole shows the southern potential of the Big Master gold system where the mineralization
is converging together and provides a future target for follow-up.
Testing a New Big Master 1 High-Grade Shoot
Drill hole KW-24-013 was a shallow test of a theorized new high-grade shoot on Big Master 1 just 100
meters southwest (along strike) from KW-24-009. It returned a large interval of halo mineralization
assaying 0.74 g/t gold over 10.50 meters. The successful intersection of halo mineralization indicates
that this hole is within the correct large-scale structure and the Team will use it to further vector towards
higher-grade within the system.
Figure 3 - Cross section centered on hole KW-24-009
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/206633_466dc1fcd44fc854_003full.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") and traded on the OTC Pink Sheets under
the symbol 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
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
Maura Kolb, M.Sc., P. Geo., President
Email:
Phone: 807-632-2368
Ashley Robinson,
Investor Relations
Email:
X:
@DrydenGold
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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/206633