Fieldwork Extends Gold Rock Camp Mineralized Trend with Surface Rock Samples grading up to 24.20 g/t gold
Fieldwork Extends Gold Rock Camp
Mineralized Trend with Surface Rock Samples
grading up to 24.20 g/t gold
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2025) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") is pleased to announce the results from the
2024 summer sampling and mapping campaign at the Gold Rock Camp. As part of its 2024 district-
wide field program, the Company completed a detailed mapping and sampling campaign targeting the
extension of the Gold Rock Camp structural trend to the northeast. Dryden Gold has completed a 3-D
geophysical inversion, completed by Mira Geosciences, and employed outside consultants to identify
the structural anomalies tested at Mud Lake.
Highlights:
Sampling program confirms mineralized trend extension two kilometers to the northeast from
Dryden Gold's previous work programs (Figure 1, Figure 2).
Sampling program returned six samples over 5 g/t gold including 24.2 g/t gold, 9.54 g/t gold and
9.13 g/t gold (Table1).
Dryden Gold has submitted an Exploration Drill Permit for the northern extension of Elora and the
Mud Lake Area.
"The extension of mineralization northeast from Elora and Big Master presents an excellent
exploration opportunity for Dryden Gold. We are pleased to have six surface samples grading over 5
g/t gold on the northern extension at the Mud Lake Target. These excellent grades from our surface
rock sampling program are foundational for planning additional fieldwork and future drill targets at
Mud Lake" stated Maura J. Kolb, President of Dryden Gold. "We have now tested the geophysical
anomalies identified in our Mira Geoscience study at Mud Lake, with additional untested anomalies
on trend to the northeast. With the success we have seen using these geophysical anomalies at
Hyndman and now on Mud Lake, we are excited to plan more field work exploring our other under-
explored anomalies this year like the target further to the northeast on the Gold Rock Trend in Figure
2."
The Mud Lake target area is located two kilometers northeast of the Gold Rock Camp's Laurentian Mine
(Figure 2). Sampling results confirm three distinct mineralized structures in the area, with the eastern
structure yielding 24.20 g/t gold, the central structure 6.26 g/t gold, and the western structure 4.69 g/t
gold. The strike length of the eastern structure is approximately one kilometer and remains open
Dryden
Gold was able to confirm historical gold showings and expand upon these with this campaign.
Mineralization associated with the samples from Mud Lake is very similar to the styles observed by the
Dryden Gold geology team at Gold Rock. Gold mineralization in quartz veins and gold mineralization
associated with pyrite is very common for both areas. Detailed maps are being integrated with the newly
acquired LiDAR data from the 2024 survey.
A more detailed geological update will follow when the final
interpretation is completed on the Gold Rock Area.
Figure 1: Gold Rock and Mud Lake Mineralized structures and new 2024 surface sample results over
1 g/t Au.
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Figure 2: Geophysical Anomalies on Gold Rock Trend
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The mapping and sampling program at Mud Lake was based on structural trends and the 3D magnetic
susceptibility inversion and subsequent models generated by Mira Geoscience. The Mira study used the
existing high resolution airborne magnetic survey then reprocessed the data to produce a 3D geological
model of the Gold Rock Camp regional geology and 3D constrained magnetic susceptibility inversion.
The Mira model identified several high priority exploration targets including known mineralization at
historical mines and where historical drilling had been completed. The Mud Lake Area had historical
gold showings, favourable geological features and geophysical anomalies making it a high priority for
the 2024 campaign. During the 2024 field campaign, a total of 140 samples were collected in the Mud
Lake area with seven surface samples returning strongly anomalous values (over the 95
th
percentile,
4.40 g/t gold), and 14 samples returning moderately anomalous (over the 90
th
percentile, 1.40 g/t gold).
A total of 124 samples returned values under 1 g/t gold.
Table 1: Significant Gold Results (over 5 g/t) from Mud Lake Area - Gold Rock Camp
Sample ID
UTM Easting
UTM Northing
Au (g/t)
Description
483734
523,653
5,478,830
24.20
Strongly mineralized wall-rock; strong sericite, chlorite, calcite;
pyrrhotite ~10% in foliation-parallel seams
483741
523,704
5,479,015
9.54
Sample of vein from trench; sugary vein, minor chlorite seams, no
mineralization observed but slightly rusty
483750
523,150
5,478,281
9.13
Sample from ~5 cm wide, extreme mineralization halo on vein;
intense sericite, strong ankerite alteration; pyrite 10% fine
disseminated cubes
483739
523,671
5,478,966
6.79
Sample of sugary quartz vein; minor black quartz grains and
chlorite seams; otherwise unmineralized
483733
523,653
5,478,830
6.38
Sample from spoil pile.
The "Little Master North Shaft" type quartz
vein; here ~10 cm wide, unusually sugary texture, with ~25% rusty
wall-rock, internal seams of chlorite/sericite/pyrrhotite; strongly
mineralized, ~5% pyrrhotite in vein & wall-rock
483718
523,355
5,478,762
6.26
Sample of massive basalt, altered wall-rock; intense ankerite and
sericite, ~5% pyrite, ~50 cm north of the vein
Exploration Recommendations
The Company has submitted a drill permit for the Mud Lake Extension areas to continue to explore the
northern extension of the Gold Rock Camp (Elora and Big Master). The fieldwork results confirm
locations and styles of mineralization in the area, further strengthening the understanding of the target.
This is the second area with significant surface sample results based on the geophysical studies
completed by Dryden Gold and Mire Geoscience. Dryden Gold's geology team is working on preparing
data for further geophysical studies to refine exploration targeting on the property. As the remaining
2024 results are returned and the final interpretations are completed the geology team will finalize the
2025 summer field campaign.
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. Field 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.
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
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Any statements that express predictions, expectations, beliefs, plans, projections, objectives,
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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
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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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