Dryden Gold Intersects Additional High-Grade Gold at Elora, Expands Strike Length & Depth Potential
Dryden Gold Intersects Additional High-Grade
Gold at Elora, Expands Strike Length & Depth
Potential
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to announce drill results that
continue to expand on the Elora Gold System (
"Elora"
) in the Gold Rock Camp (
"Gold Rock"
). The
Phase 6 drill program was completed during November 2024 and consisted of four holes totaling 1,172
meters.
The program was designed to follow up on Phase 5 drilling which returned
8.93 g/t gold over
12.45 meters
and
30.72 g/t gold over 5.70 meters
. The Company continues to successfully target and
intersect the depth and strike expansion on the initial structure at Elora. Dryden Gold is fully funded with a
$5.8 million exploration budget for 2025, and drilling is scheduled to resume in February 2025.
Drill Highlights:
Hole
KW-24-026
intercepted the mineralized zone at approximately 190 meters from surface and
returned
5.92 g/t gold
over
12.34 meters
,
including
19.43 g/t gold
over
1.74 meters
and
42.40
g/t gold
over
0.50 meters
.
Hole
KW-24-028
was drilled 60 meters northeast along strike of hole KW-24-026 and returned
3.88 g/t gold
over
13.81 meters
,
including
12.51 g/t gold
over
3.50 meters
and
10.60 g/t
over
0.51 meters
.
KW-24-029
was drilled
90 meters
northeast along strike of
hole KW-24-026
intercepting
4.17 g/t
gold
over
5.75 meters
,
including
17.30 g/t gold
over
1.18 meters
.
Hole
KW-24-027
was drilled 20 meters deeper than KW-24-026 and intercepted
0.91 g/t gold
over
16.55 meters
.
The results from these four holes further confirm the Elora Gold System's impressive width and continuity
of mineralization. This drill program, which included the Company's broadest step-out holes, and the
Team's additional interpretation of historic data, highlights the potential for continued mineralization and
exploration along strike at Elora. Drill permits have been submitted and are currently pending approval
paving the way for future exploration to the northeast. The reinterpreted historical data shows high-grade
mineralization under the historic Elora/Jubilee Mine, which could expand the strike-length of this structure
up to 500 meters. The exploration permit will also allow the Company to drill test under the historic
Laurentian Mine one kilometer to the north as well as more effectively test the Elora Gold System at
depth.
"The results from the Elora Gold System continue to demonstrate the significant potential of this initial
high-grade structure,"
commented Maura Kolb M.Sc., P.Geo., President of Dryden Gold.
"The
intercepts from this phase of drilling confirm both the continuity and grade of mineralization along
strike and at depth. We have also been working on integrating more historical data into our geological
interpretation of this Elora structure. The new contoured long section in Figure 1 shows how open the
system is for testing at depth and along strike to the northeast. These step-out holes represent an
important advancement in understanding the controls of high-grade gold at Elora and highlight its
potential for further exploration. These results reinforce our confidence in the Elora Gold System and
the Gold Rock Camp as a cornerstone asset for Dryden Gold. We remain focused on expanding
Elora by identifying and defining additional structures to the northeast,"
furthered Ms. Kolb.
"I am extremely proud of our technical team as they continue to generate deeper high-grade gold
intercepts on Elora,"
stated Trey Wasser, CEO of Dryden Gold.
"As we continue to see deeper high-
grade results, the market is beginning to believe that the Dryden Gold District is a true Archean Lode
system that likely has very deep roots. With a fully funded treasury this should be a transformational
year for Dryden Gold. While generating the impressive drill results, the Team has also had a very
busy regional exploration program in 2024. The mapping and sampling program has generated an
exciting project pipeline with regional targets at Hyndman, Sherridon as well as new Gold Rock targets
at Mud Lake and Mosher Bay, all to be advanced in 2025,"
furthered Mr. Wasser.
Figure 1: Elora Initial Structure Contoured Long section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/237796_86c3f06ec4251bb2_001full.jpg
The highest-grade areas of mineralization in this phase of drilling at Elora were preferentially correlated
with felsic dykes that were noted adjacent to these mineralization contacts. The geology team is working
on better understanding the composition, orientation, and extent of these dykes as they likely represent
the gold mineralization fluid pathways.
Mineralization in holes KW-24-026, -028 and -029 were a
combination of foliation parallel pyrite and pyrrhotite with quartz veining.
Hole KW-24-027 displayed a
higher percentage of quartz veining with pyrite and chalcopyrite mineralization.
The host rock for all four
holes was a combination of basalt, pillow basalt, and conglomerate.
Dryden Gold remains committed to advancing the growth of its flagship Gold Rock Camp project while
actively pursuing and evaluating regional exploration targets within its resource pipeline. The company
holds an extensive 70,000-hectare land package in the Dryden area, offering district-scale exploration
potential. Ongoing early-stage exploration programs are being conducted on the Hyndman and
Sherridon projects, as well as within the Gold Rock Camp.
Table 1: Dryden Gold - New Elora Drill Holes. Intervals with a grade x width of over 20 are
bolded below.
Target Area
Drillhole
From
To
Length (m)*
Grade (g/t Au)
Elora
KW-24-026
215.46
227.80
12.34
5.92
including
216.80
218.54
1.74
19.43
and including
222.64
223.14
0.50
42.4
Elora
KW-24-027
71.70
72.40
0.70
3.04
228.00
244.55
16.55
0.91
Elora
KW-24-028
53.50
56.59
3.09
1.59
127.00
128.00
1.00
1.39
140.00
144.64
4.64
0.86
170.93
172.67
1.74
1.95
260.10
273.91
13.81
3.88
including
260.10
263.60
3.50
12.51
and including
272.76
273.27
0.51
10.60
Elora
KW-24-029
56.60
57.85
1.25
2.99
276.00
281.75
5.75
4.17
including
278.82
280.00
1.18
17.30
*Reported intervals are drilled core lengths; assay values are uncut
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
2024 program were sent to Activation Laboratories, with sample preparation and analysis in Dryden,
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.
ABOUT DRYDEN GOLD CORP.
Dryden Gold Corp. is a fully funded 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 50 km (about 31.07 mi) 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
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 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 does 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/237796