Dryden Gold Intersects 8.93 g/t Gold Over 12.45 Meters Including 32.96 g/t Gold Over 2.73 Meters at Elora
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) has announced significant drilling results from its Elora Gold System. Hole KW-24-024 intercepted 8.93 g/t gold over 12.45 meters, including 32.96 g/t gold over 2.73 meters at approximately 190 meters depth. A hanging wall structure returned 1.67 g/t Au over 2.75 meters. This represents the company's deepest, widest, and most consistently disseminated high-grade intercept at Elora to date. The results follow previous successful holes KW-24-008 and KW-24-017, which returned 14.10g/t gold over 7.54m and 30.72 g/t gold over 5.70m, respectively. A follow-up drill campaign has already begun to expand the down-plunge potential and strike expansion at Elora.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) ha annunciato risultati di perforazione significativi dal suo Sistema Elora Gold. Il foro KW-24-024 ha intercettato 8,93 g/t di oro su 12,45 metri, inclusi 32,96 g/t di oro su 2,73 metri a circa 190 metri di profondità. Una struttura di parete sospesa ha restituito 1,67 g/t Au su 2,75 metri. Questo rappresenta l'intercettazione di alta qualità più profonda, ampia e costantemente disseminata finora registrata a Elora. I risultati seguono i precedenti fori di successo KW-24-008 e KW-24-017, che hanno restituito rispettivamente 14,10 g/t di oro su 7,54 metri e 30,72 g/t di oro su 5,70 metri. Una campagna di perforazione di follow-up è già iniziata per espandere il potenziale in profondità e l'ampliamento lungo la strike a Elora.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) ha anunciado resultados de perforación significativos de su Sistema de Oro Elora. El agujero KW-24-024 interceptó 8,93 g/t de oro sobre 12,45 metros, incluyendo 32,96 g/t de oro sobre 2,73 metros a aproximadamente 190 metros de profundidad. Una estructura de pared colgante devolvió 1,67 g/t Au sobre 2,75 metros. Esto representa la intercepción de alta ley más profunda, ancha y consistentemente diseminada en Elora hasta la fecha. Los resultados siguen a los agujeros previos exitosos KW-24-008 y KW-24-017, que devolvieron 14,10 g/t de oro sobre 7,54 m y 30,72 g/t de oro sobre 5,70 m, respectivamente. Ya ha comenzado una campaña de perforación de seguimiento para expandir el potencial en profundidad y la expansión en strike en Elora.
드라이든 골드 Corp (TSXV: DRY) (OTCQB: DRYGF)는 엘로라 금 시스템에서 중요한 시추 결과를 발표했습니다. 구멍 KW-24-024는 약 190미터 깊이에서 12.45미터에서 8.93g/t 금을 검출했으며, 2.73미터에서 32.96g/t 금을 포함했습니다. 매달린 벽 구조는 2.75미터에서 1.67g/t Au를 반환했습니다. 이는 현재까지 엘로라에서 가장 깊고 넓으며 일관되게 고품질이 검출된 것입니다. 이 결과는 각각 7.54미터에서 14.10g/t 금과 5.70미터에서 30.72g/t 금을 반환한 이전의 성공적인 구멍 KW-24-008 및 KW-24-017에 이어 나온 것입니다. 엘로라에서 다운 플런지 잠재력과 스트라이크 확장을 확대하기 위한 후속 시추 캠페인이 이미 시작되었습니다.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) a annoncé d'importants résultats de forage de son Système d'Or Elora. Le trou KW-24-024 a intercepté 8,93 g/t d'or sur 12,45 mètres, incluant 32,96 g/t d'or sur 2,73 mètres à une profondeur d'environ 190 mètres. Une structure de mur suspendu a retourné 1,67 g/t Au sur 2,75 mètres. Cela représente l'interception de haute teneur la plus profonde, la plus large et la plus uniformément disséminée à Elora à ce jour. Les résultats font suite aux précédents trous de forage réussis KW-24-008 et KW-24-017, qui ont retourné respectivement 14,10 g/t d'or sur 7,54 m et 30,72 g/t d'or sur 5,70 m. Une campagne de forage de suivi a déjà commencé pour étendre le potentiel en profondeur et l'expansion le long de la strike à Elora.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) hat bedeutende Bohrergebnisse aus seinem Elora Gold System bekannt gegeben. Das Loch KW-24-024 hat 8,93 g/t Gold über 12,45 Meter durchteuft, darunter 32,96 g/t Gold über 2,73 Meter in etwa 190 Metern Tiefe. Eine Hängewandstruktur ergab 1,67 g/t Au über 2,75 Meter. Dies stellt den bislang tiefsten, breitesten und am gleichmäßigsten verteilten Hochgradanteil bei Elora dar. Die Ergebnisse folgen auf die erfolgreichen Löcher KW-24-008 und KW-24-017, die jeweils 14,10 g/t Gold über 7,54 m und 30,72 g/t Gold über 5,70 m zurückgaben. Eine Folgebohrkampagne hat bereits begonnen, um das Potenzial in der Tiefe zu erweitern und die Strike-Erweiterung bei Elora voranzutreiben.
- High-grade gold intercept of 8.93 g/t over 12.45 meters, including 32.96 g/t over 2.73 meters
- Discovery of new gold-bearing hanging wall structure
- Successful follow-up on previous high-grade results (14.10g/t gold over 7.54m and 30.72 g/t over 5.70m)
- Immediate launch of follow-up drill campaign for expansion
- Hole KW-24-025 showed lack of mineralization due to dyke interference
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce results on the Elora Gold System in the Gold Rock Camp. The Phase Five drill program completed late this summer, was designed to follow up on the high-grade shoot discovered on the Elora Target (see March 25, 2024, October 8, 2024 news release).
Highlights:
Hole KW-24-024 intercepted the mineralized zone at approximately 190 meters from surface and returned 8.93 g/t gold over 12.45 meters, including 32.96 g/t gold over 2.73 meters. In addition, this hole intercepted a hanging wall structure that returned 1.67 g/t Au over 2.75 meters, including 8.41 g/t gold over 0.43 meters. This is Dryden Gold's deepest hole to date and is Dryden's widest and most consistently disseminated high-grade intercept at Elora. A video summary of today's results can be found here.
Hole KW-24-024 followed up on previously released holes KW-24-008 and KW-24-017 which returned 14.10g/t gold over 7.54m and 30.72 g/t gold over 5.70m, respectively.
Dryden Gold has already begun a follow up drill campaign on the Elora Gold System based on these results. This program will focus on expanding the down-plunge potential and strike expansion at Elora.
"We are pleased to see this wide intercept of disseminated high-grade gold as we test down plunge at Elora. These results strengthen our understanding of the controls of high-grade gold mineralization and have now also revealed a gold-bearing hanging wall structure. We have already shown that the Gold Rock Camp has significant near surface high-grade gold and now we are beginning to show that this is also a typical Archean Gold System with deep roots. High-grade mineralization at Red Lake Mine extends to almost 2 km and, given the geological similarities, we hope to show the Gold Rock Camp has similar depth potential," stated Trey Wasser, CEO of Dryden Gold.
Table 1: Dryden Gold - New Elora Drill Holes
| Target Area | Drillhole | From | To | Length (m)* | Grade (g/t Au) | |
| Elora | KW-24-024 | 92.00 | 94.75 | 2.75 | 1.67 | |
| Including | 93.07 | 93.50 | 0.43 | 8.41 | ||
| 209.00 | 221.45 | 12.45 | 8.93 | |||
| Including | 218.12 | 220.85 | 2.73 | 32.96 | ||
| Elora | KW-24-025 | 79.00 | 118.40 | 39.40 | 0.35 | |
| Including | 97.87 | 101.00 | 3.13 | 1.39 | ||
| and including | 112.00 | 118.40 | 6.40 | 0.96 | ||
| 196.85 | 207.00 | 10.15 | 0.34 | |||
| Including | 202.05 | 204.65 | 2.60 | 1.24 | ||
| *Reported intervals are drilled core lengths; assay values are uncut | ||||||
In the Phase Five drill campaign, three holes were drilled at Elora following up on drill hole KW-24-008, which intercepted 14.10 g/t Au over 7.54 meters that was drilled earlier this year (see March 25, 2024 news release). The first hole of the Phase Five drill program, KW-24-017, returned 30.72 g/t gold 5.70 meters including the highest-ever value intersected by Dryden Gold of 313.00 g/t over 0.55 meters (See October 8, 2024 news release). Hole KW-24-024 was drilled approximately 30 meters below hole KW-24-017. The final hole of the program was drilled south of hole KW-24-017, but mineralization was impacted by several dykes cutting through the mineralized zone. Unfortunately, although mineralization was present in hole KW-24-025, there were several dykes noted at the target depth suggesting that they were the reason for the lack of mineralization. Both holes intersected hanging wall mineralization before the Elora zone. The Geological team is pleased to see parallel mineralization at the Elora Target, much like what has been observed in the Big Master Gold System.
Figure 1: Elora Target Contoured Long section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/229577_e9271389c4ca59b0_001full.jpg
Dryden Gold is focused on growth of the Gold Rock Camp project but will also continue to advance and review regional exploration targets on the resource pipeline. Dryden Gold has a large 70,000-hectare land package in the Dryden area with District scale exploration potential. The Company has continued early-stage exploration programs on its Hyndman project and Sherridon projects, as well as within the Gold Rock Camp.
UPCOMING MARKETING EVENTS
Dryden Gold is pleased to announce that it will be participating in the upcoming 121 Mining Investment London Conference taking place on November 14-15, 2024, Swiss Mining Institute's Zurich conference happening November 20-21, 2024, and the New Orlean's Investment conference on November 20-23, 2024.
Trey Wasser, CEO & Director will be meeting new investors in Europe and Maura Kolb, P. Geo., President will be attending and presenting in New Orleans. Investors can look forward to hearing about the Company's recent achievements from the 2023-2024 drill program, as well as an exploration update on the continued drill campaign at the Gold Rock project, the summer field campaign designed to follow-up on Dryden Gold's best drill results and expand on the known high-grade zones, as well as the ongoing relogging of historic regional core by the Dryden Gold Geology team. Dryden Gold welcomes the opportunity for attendees to reach out to management with any questions and review our updated corporate presentation 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
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 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
For more information go to our website www.drydengold.com.
CONTACT INFORMATION
| Trey Wasser, CEO Email: twasser@drydengold.com Phone: 940-368-8337 Ashley Robinson, Investor Relations Email: ir@drydengold.com X: @DrydenGold | Maura Kolb, M.Sc.. P. Geo., President Email: mjkolb@drydengold.com 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.
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.
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FAQ
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