Welcome to our dedicated page for DRYDEN GOLD news (Ticker: DRYGF), a resource for investors and traders seeking the latest updates and insights on DRYDEN GOLD stock.
Dryden Gold Corp. (DRYGF) is an exploration company listed on the TSX Venture Exchange and the OTCQB marketplace, focusing on high-grade gold mineralization in the Dryden District of Northwestern Ontario. The company, led by CEO Trey Wasser and President Maura Kolb, boasts a strategic land position with historic gold mines and unexplored potential. With a strong management team experienced in property acquisition, exploration success, and mergers & acquisitions, Dryden Gold is dedicated to maximizing shareholder value through its ongoing projects and partnerships.
Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) has announced a non-brokered equity financing of up to 14,000,000 shares, including flow-through common shares and charity flow-through units. The offering aims to raise a maximum of $2,000,000. FT Shares are priced at $0.13, while CFT Units are offered at $0.15, including one FT Share and half a warrant. Each whole warrant allows the purchase of an additional common share at $0.18 for 24 months. The proceeds will fund drilling and re-logging activities on the company's Dryden Gold Property in northwestern Ontario. The financing is subject to regulatory approvals and may include insider participation. CEO Trey Wasser expressed excitement about initial drilling results, noting visible gold in the drill core.
Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) has reported strong mineralization including visible gold in its Phase 5 drill program at the Gold Rock Project in Dryden, Ontario. Highlights include:
- Visible gold observed multiple times in drill hole KW-24-017 at the Elora area
- KW-24-017 intercepted the Elora mineralized zone ~30m deeper and 45m along strike from previous high-grade hole KW-24-008
- True depth of mineralization is ~165m from surface
- Phase 5 program includes ~1,300 meters of planned drilling
- Program aims to follow up on high-grade shoots discovered in Elora and Big Master gold systems
The company plans to expand known high-grade zones and test new targets developed through re-logging efforts and summer field programs.
Dryden Gold Corp. (TSXV: DRY, OTCQB: DRYGF) celebrated its new listing on the TSX Venture Exchange by opening the market. Led by President Maura Kolb, P. Geo., the company focuses on high-grade gold exploration in Northwestern Ontario. Dryden Gold controls a 100% interest in a strategic land position in the Dryden District, which includes historic gold mines and 50km of potential strike length along the Manitou-Dinorwic deformation zone. The property boasts excellent infrastructure, First Nations support, and proximity to an experienced mining workforce. With a strong management team and Board of Directors, Dryden Gold aims to build shareholder value through property acquisition, exploration success, and strategic mergers and acquisitions.
Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) has announced details of its upcoming Phase Five drill program at the Gold Rock camp in Ontario. The program, scheduled to commence in late July 2024, will consist of 11 holes totaling approximately 1,300 meters. This builds on the success of previous drilling phases, which yielded impressive results including:
- 3.81 g/t gold over 7.00 meters at Big Master Two
- 14.10 g/t gold over 7.54 meters at the Elora high-grade zone
- 26.11 g/t gold over 3.16 meters at Big Master One
The Gold Rock Camp extends approximately 25 km along the Manitou-Dinorwic deformation zone. The Phase Five program will focus on the Big Master gold system, targeting plunge extensions of historically defined and newly identified high-grade shoots, as well as along-strike extensional drilling to the southwest.
Dryden Gold Corp. (TSXV: DRY, OTCQB: DRYGF) has amended its stock option grant announced on June 11, 2024. The number of incentive stock options granted has been reduced from 2,500,000 to 2,250,000. These options are awarded to the company's management, board of directors, strategic advisors, investor relations service providers, and consultants. The terms remain unchanged: exercisable at $0.14 per share for 10 years, with options vesting 20% on the grant date and 20% every six months over two years.
Dryden Gold Corp. (TSXV: DRY, OTCQB: DRYGF) will participate in the 121 Global Online Conference on June 12-13, 2024. CEO Trey Wasser and President Maura Kolb will present the company's recent achievements from its 2023-2024 drill program and outline plans for the 2024 spring and summer work program. These plans include relogging and re-assaying historic core and field exploration at Hyndman and Cross River properties. Additionally, Dryden Gold has granted 2,500,000 incentive stock options to its management, board, advisors, and consultants. These options are priced at $0.14 per share, vesting over two years, and exercisable for ten years.
Dryden Gold Corp. (TSXV: DRY, OTCQB: DRYGF) has officially begun trading on the OTCQB Marketplace in the US, effective May 30, 2024. The company's shares are also DTC eligible, streamlining trading across a broader range of US brokerage firms. CEO Trey Wasser emphasized the move's potential to increase liquidity and attract a larger US investor base. Additionally, Dryden Gold has engaged Insight Capital Partners and ICP Securities for market making and capital markets consulting services, with a monthly fee of $10,000. The company ended its market-making agreement with PIU Financial Corp. as of May 30, 2024.
FAQ
What is the current stock price of DRYDEN GOLD (DRYGF)?
What is the market cap of DRYDEN GOLD (DRYGF)?
What is Dryden Gold Corp. focused on?
Where is Dryden Gold Corp. listed?
Who leads Dryden Gold Corp.?
What sets Dryden Gold Corp. apart?
What is the approach of Dryden Gold Corp. towards exploration?
How does Dryden Gold Corp. aim to create value for shareholders?
What regions does Dryden Gold Corp. operate in?
What is Dryden Gold Corp.'s long-term vision?
How can investors get involved with Dryden Gold Corp.?
What upcoming projects and initiatives is Dryden Gold Corp. focusing on?
