Dryden Gold Reports 301.67 g/t Gold over 3.90 Meters Including 1,930 g/t Gold over 0.60 Meters in a New Hanging Wall Discovery
Dryden Gold Reports 301.67 g/t Gold over 3.90
Meters Including 1,930 g/t Gold over 0.60
Meters in a New Hanging Wall Discovery
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to announce drill results for the new
hanging wall discovery on the Elora Gold System in the Gold Rock Camp. The Company first announced
this intercept with significant visible gold ("
VG
") on
April 8
. Assays have now confirmed results of 301.67
g/t over 3.90 meters including 1,930 g/t over 0.60 meters and represent a newly discovered hanging wall
zone with folded quartz stringer veins hosted in sheared basalts (Figure 1). This newly intercepted
hanging wall gold mineralization in hole KW-25-003 is approximately 80 meters from main Jubilee high-
grade zone at a true depth of 250 meters (Figure 2).
Trey Wasser, CEO of Dryden Gold stated, "
We continue to make high-grade gold discoveries across
our district-scale property. The discovery of this new zone shows the potential for hanging wall and
footwall mineralized structures hosting significant gold mineralization similar to our discoveries last
year on the Big Master Gold System. This discovery was facilitated by our extensive mapping
program last summer that has revealed a third structural trend ("
D3
") in the Gold Rock Camp (Figure
3). Our field work and structural interpretation continues to yield results at the drill bit. As we drill test
regional targets at Mud Lake, Sherridon and Hyndman as part of our fully funded exploration program
for 2025, the market will begin to realize the full potential of this incredible under-explored property.
Shareholders should expect drill results and other news flow on a very consistent basis into the fall."
Figure 1: Visible Gold from KW-25-003 HW Zone
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Figure 2: Left: Map of Gold Rock area showing mineralized structures. Right: Cross-section of hole
KW-25-003 with mineralized structures.
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The geology team will now increase its focus on unlocking the potential of these additional mineralized
structures for hosting high-grade gold zones (Figure 3). The occurrence of multiple parallel mineralized
structures is another striking similarity to the Red Lake Mine and the Company is planning follow up
holes to further test this new hanging wall structure to the northeast where it is completely open on strike.
Drilling Update
The Elora Gold System, which hosts the potential for several high-grade zones at the structural
intersections, will be a major focus of the 2025 drill campaign. To date, Dryden Gold has drilled 12 holes
totalling approximately 4,083 meters testing the Elora Gold System in late 2024 and 2025. Six of these
holes targeted the down plunge mineralization potential on the Jubilee high-grade zone between 250
and 500m true depth (Figure 3 and Figure 4). Initial 2025 results have been favourable on the Jubilee
zone as all five deeper holes have intersected zones of sulphide mineralization and shearing at target
depth with results back on holes KW-25-001 through KW-25-003 showing more down plunge potential
on the Jubilee Zone (Table 1).
Table 1: Dryden Gold Drill Results *
Reported intervals are drilled core lengths; assay values are uncut
Target Area
Drillhole
From
To
Length (m)*
Grade (g/t Au)
Jubilee Zone
KW-25-001
296.97
300.04
3.07
4.00
Including
298.55
299.00
0.45
18.10
Jubilee Zone
KW-25-002
409.32
410.69
1.37
2.54
HW Zone
KW-25-003
265.1
269.00
3.90
301.67
Including
266.3
266.90
0.60
1,930.00
Jubilee Zone
KW-25-003
388.6
391.00
3.40
1.01
The next drill targets in Dryden Gold's fully funded 2025 exploration program will test the Elora Gold
System along strike northeast at the historic Laurentian Mine and Intersection Target (Figure 3).
The
Company is also permitted to drill the continuation of the Elora Gold System and Big Master Gold
System to the northeast including the newly discovered
Mud Lake target
approximately two kilometres
along strike.
Targeting High-Grade Through Structural Interpretation
The geological team has been improving its structural interpretation for the Gold Rock Camp area. Using
this new more detailed understanding of the three major structural trends the team will be targeting their
intersections to host additional high-grade zones along the northeast trending mineralized systems.
Figure 3: Gold Rock Map - Simplified Deformation and Gold Events
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Figure 4: Long Section Elora Gold System - Jubilee and Intersection Target
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For updated technical drilling details of our 2025 drill program, please click
here
.
Closing of Centerra Gold Inc. Top-Up Financing
Further to its previous news release of
April 23, 2025
, the Company announces that, as a result of
receiving a top-up notice from Centerra Gold Inc. ("Centerra") to retain its 9.99% interest in the
Company, it has now issued an aggregate of 1,087,295 common shares to Centerra at a price of
$0.1350 per share for a total consideration of $146,784.83.
Grant of Stock Options
The Company announces that it has granted an aggregate of 300,000 incentive stock options under the
Company's stock option plan to employees of the Company. The options are exercisable at a price of
$0.24 per share for a period of 10 years from the date of grant. The options will vest 25% every three,
six, nine and twelve months from the date of grant for a total period of one year. The granting of stock
options is subject to TSX Venture Exchange Approval.
UPCOMING MARKETING EVENT
Management will be participating at the
Metals Investor Forum
in Vancouver on May 9, 2025.
President,
Maura Kolb, P. Geo. will be presenting at 3:30pm PDT as part of newsletter writer,
Jeff Clark's panel
.
Dryden Gold will be updating investors on the current drill program and management will be available to
meet in person at our booth from 9-5:30pm PDT. We welcome the opportunity for investors to review our
updated corporate presentation,
linked here
.
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
The Company is drilling NQ size core. Samples are cut in half, with half going to the lab for analysis and
half kept as a record. 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 and 2025 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 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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