Dryden Gold Reports a New Discovery in Deep Drilling at Elora with Significant Visible Gold
Dryden Gold Corp (OTCQB: DRYGF) has announced a significant new discovery of visible gold during deeper drilling at its Elora project. The discovery represents a hanging wall structure of folded sheared basalts, marking the company's most substantial visible gold intersection to date.
The new zone, discovered in hole KW-25-003, is located approximately 80 meters from the main Elora target zone. Current drilling is testing depths between 250 and 400 meters. Initial 2025 results have been promising, with hole KW-25-001 returning 4.00 g/t over 3.07 meters, including 18.10 g/t over 0.45 meters.
The company's fully funded 2025 exploration program includes a 15,000-meter drill program, which will test Elora's down-plunge potential and extend along strike northeast to the historic Laurentian Mine. The program will explore depths between 250 and 550 meters, with additional targets at Mud Lake, Sherridon, and Hyndman.
Dryden Gold Corp (OTCQB: DRYGF) ha annunciato una significativa nuova scoperta di oro visibile durante i perforazioni più profonde nel suo progetto Elora. La scoperta rappresenta una struttura di parete sospesa di basalto piegato e fratturato, segnando l'intersezione di oro visibile più sostanziale dell'azienda fino ad oggi.
La nuova zona, scoperta nel foro KW-25-003, si trova a circa 80 metri dalla principale zona obiettivo di Elora. Le attuali perforazioni stanno testando profondità comprese tra 250 e 400 metri. I risultati iniziali del 2025 sono stati promettenti, con il foro KW-25-001 che ha restituito 4,00 g/t su 3,07 metri, inclusi 18,10 g/t su 0,45 metri.
Il programma di esplorazione del 2025, completamente finanziato dall'azienda, include un programma di perforazione di 15.000 metri, che testerà il potenziale in profondità di Elora e si estenderà lungo la direzione nord-est verso la storica Miniera Laurentian. Il programma esplorerà profondità comprese tra 250 e 550 metri, con obiettivi aggiuntivi a Mud Lake, Sherridon e Hyndman.
Dryden Gold Corp (OTCQB: DRYGF) ha anunciado un importante nuevo descubrimiento de oro visible durante perforaciones más profundas en su proyecto Elora. El descubrimiento representa una estructura de pared colgante de basaltos plegados y cortados, marcando la intersección de oro visible más significativa de la compañía hasta la fecha.
La nueva zona, descubierta en el pozo KW-25-003, se encuentra aproximadamente a 80 metros de la zona objetivo principal de Elora. Las perforaciones actuales están probando profundidades entre 250 y 400 metros. Los resultados iniciales de 2025 han sido prometedores, con el pozo KW-25-001 devolviendo 4.00 g/t sobre 3.07 metros, incluyendo 18.10 g/t sobre 0.45 metros.
El programa de exploración del 2025, totalmente financiado por la compañía, incluye un programa de perforación de 15,000 metros, que probará el potencial de Elora en profundidad y se extenderá hacia el noreste hasta la histórica Mina Laurentian. El programa explorará profundidades entre 250 y 550 metros, con objetivos adicionales en Mud Lake, Sherridon y Hyndman.
드라이든 골드 코프 (OTCQB: DRYGF)는 엘로라 프로젝트에서 더 깊은 드릴링 중에 가시적인 금의 중요한 새로운 발견을 발표했습니다. 이 발견은 접힌 전단 바살트의 매달린 벽 구조를 나타내며, 회사의 가장 중요한 가시적인 금 교차점이 됩니다.
새로운 구역은 KW-25-003 구멍에서 발견되었으며, 엘로라 주요 목표 구역에서 약 80미터 떨어져 있습니다. 현재 드릴링은 250미터에서 400미터 사이의 깊이를 테스트하고 있습니다. 2025년 초기 결과는 유망하며, KW-25-001 구멍이 3.07미터에 걸쳐 4.00 g/t를 반환했으며, 0.45미터에 대해 18.10 g/t를 포함하고 있습니다.
회사의 완전 자금 지원을 받은 2025년 탐사 프로그램은 15,000미터 드릴링 프로그램을 포함하며, 엘로라의 하강 잠재력을 테스트하고 역사적인 로렌시안 광산 방향으로 북동쪽으로 연장될 것입니다. 이 프로그램은 250미터에서 550미터 사이의 깊이를 탐사하며, 머드 레이크, 셔리돈, 하인드만에서 추가 목표를 설정합니다.
Dryden Gold Corp (OTCQB: DRYGF) a annoncé une nouvelle découverte significative d'or visible lors de forages plus profonds sur son projet Elora. La découverte représente une structure de mur suspendu de basaltes plissés et déchirés, marquant l'intersection d'or visible la plus substantielle de l'entreprise à ce jour.
La nouvelle zone, découverte dans le trou KW-25-003, est située à environ 80 mètres de la zone cible principale d'Elora. Les forages actuels testent des profondeurs comprises entre 250 et 400 mètres. Les premiers résultats de 2025 sont prometteurs, avec le trou KW-25-001 restituant 4,00 g/t sur 3,07 mètres, incluant 18,10 g/t sur 0,45 mètres.
Le programme d'exploration 2025 entièrement financé par l'entreprise comprend un programme de forage de 15 000 mètres, qui testera le potentiel en profondeur d'Elora et s'étendra vers le nord-est jusqu'à la mine historique Laurentian. Le programme explorera des profondeurs comprises entre 250 et 550 mètres, avec des cibles supplémentaires à Mud Lake, Sherridon et Hyndman.
Dryden Gold Corp (OTCQB: DRYGF) hat eine bedeutende neue Entdeckung von sichtbarem Gold während tieferer Bohrungen in seinem Elora-Projekt bekannt gegeben. Die Entdeckung stellt eine Hängeschichtstruktur aus gefalteten, gescherten Basalten dar und markiert die bislang bedeutendste sichtbare Goldintersektion des Unternehmens.
Die neue Zone, die im Bohrloch KW-25-003 entdeckt wurde, befindet sich etwa 80 Meter von der Hauptzielzone Elora entfernt. Aktuelle Bohrungen testen Tiefen zwischen 250 und 400 Metern. Die ersten Ergebnisse aus 2025 waren vielversprechend, wobei das Bohrloch KW-25-001 4,00 g/t über 3,07 Meter lieferte, einschließlich 18,10 g/t über 0,45 Meter.
Das vollständig finanzierte Erkundungsprogramm 2025 des Unternehmens umfasst ein Bohrprogramm von 15.000 Metern, das das Abwärts-Potenzial von Elora testen und sich nordöstlich in Richtung der historischen Laurentian Mine erstrecken wird. Das Programm wird Tiefen zwischen 250 und 550 Metern erkunden, mit zusätzlichen Zielen am Mud Lake, Sherridon und Hyndman.
- Discovery of new high-grade gold zone with significant visible gold
- Strong initial drill results: 4.00 g/t over 3.07m including 18.10 g/t over 0.45m
- Fully funded 15,000-meter exploration program for 2025
- All five deeper holes have intersected zones of sulphide mineralization
- Pending assay results needed to fully evaluate the new structure
- Deep drilling required (250-550m) increasing exploration costs
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce that deeper drilling at Elora has intersected a new zone with significant visible gold ("VG"). This newly discovered section is a hanging wall structure of folded sheared basalts and represents the most significant amount of VG that Dryden Gold has intersected to date. This new discovery is further evidence that the Dryden District hosts a strong Archean lode gold system like Red Lake, Kirkland Lake and Timmins Districts. The Company is awaiting assays to fully evaluate this structure to determine further testing within the current 15,000-meter drill program. Current drill hole targets at Elora are testing down plunge at true depths between 250 and 400 meters. The next drill targets in Dryden Gold's fully funded 2025 exploration program will also test further down-plunge potential of Elora and along strike northeast to the historic Laurentian Mine.
Figure 1
For more information on the Gold Rock Camp: https://drydengold.com/project/gold-rock-project/
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Trey Wasser, CEO of Dryden Gold stated "We continue to make high-grade gold discoveries within the Gold Rock Camp. This new zone shows the potential for hanging wall and footwall mineralized structures to host significant gold mineralization similar to our discoveries last year on the Big Master System. With permits in hand, we will now move northeast and begin to fully test Elora, at depth and along strike, where we have identified multiple targets. This will be a pivotal year for Dryden Gold as we also drill test regional targets at Mud Lake, Sherridon and Hyndman. With a fully funded exploration program for 2025, shareholders should expect drill results and other news flow on a very consistent basis into the fall. Our goal this year is to show the true district potential of this amazing under-explored property".
The newly intercepted gold mineralization in hole KW-25-003 indicates a new zone of hanging wall mineralization approximately 80 meters from main Elora target zone (Figure 2). The geology team had made a similar discovery on the Big Master gold system through our robust geological and sampling protocols in the 2024 exploration program. Multiple parallel mineralized structures are another striking similarity to the Red Lake Mine. The Elora Gold System is hosted within sheared mafic volcanic rocks as part of the Elora-Jubilee shear (Figure 2). This new mineralization is in the hanging wall of the main target in a folded quartz vein within the sheared basalt unit. 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. The Company will continue to test Gold Rock for additional parallel mineralized structures.
Figure 2: Left Cross-section of hole KW-25-003 with mineralized structures. Right Map of Gold Rock area showing mineralized structures
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Drilling Elora at Depth
The 2025 drill program began in late March testing the depth of the extension of the mineralized structure on the Elora Gold System. At Gold Rock, the Company has two main objectives to test this year. First, to show that the Elora and Big Master gold systems in the Gold Rock Camp have deep roots like other Archean lode gold systems at Red Lake, Kirkland Lake and Timmins. The program will test Elora at depths between 250 and 550 meters (Figure 3) as well as the along-strike potential of the Elora System. Second, the team is preparing to drill test the structural intersections along the Elora (Figure 2) target where the northeast trend and the more east-west trend intersect. The Company is permitted to drill the trend to the northeast up to the historic Laurentian Mine and beyond, two kilometres north to the newly discovered Mud Lake target. Initial 2025 results have been favourable on the Elora Gold System as all five deeper holes have intersected zones of sulphide mineralization and shearing at target depth. Hole KW-25-001 returned 4.00 g/t over 3.07 meters including 18.10 g/t over 0.45 meters while Hole KW-25-002 is current pending at the lab (Figure 3).
Figure 3: Long Section Elora Gold System - Main
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For updated technical drilling details of our 2025 drill program, please click 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 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
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.
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