Dryden Gold Corp. [TSXV: DRY, OTCQB: DRYGF] (“Dryden Gold” or the “Company”) is pleased to announce drill results that continue to expand on the Elora Gold System (“Elora”) in the Gold Rock Camp (“Gold Rock”). The Phase 6 drill program was completed during November 2024 and consisted of four holes totaling 1,172 meters. The program was designed to follow up on Phase 5 drilling which returned 8.93 g/t gold over 12.45 meters and 30.72 g/t gold over 5.70 meters. The Company continues to successfully target and intersect the depth and strike expansion on the initial structure at Elora. Dryden Gold is fully funded with a $5.8 million exploration budget for 2025, and drilling is scheduled to resume in February 2025.
Drill Highlights:
- Hole KW-24-026 intercepted the mineralized zone at approximately 190 meters from surface and returned 5.92 g/t gold over 12.34 meters, including 19.43 g/t gold over 1.74 meters and 42.40 g/t gold over 0.50 meters.
- Hole KW-24-028 was drilled 60 meters northeast along strike of hole KW-24-026 and returned 3.88 g/t gold over 13.81 meters, including 12.51 g/t gold over 3.50 meters and 10.60 g/t over 0.51 meters.
- KW-24-029 was drilled 90 meters northeast along strike of hole KW-24-026 intercepting 4.17 g/t gold over 5.75 meters, including 17.30 g/t gold over 1.18 meters.
- Hole KW-24-027 was drilled 20 meters deeper than KW-24-026 and intercepted 0.91 g/t gold over 16.55 meters.
The results from these four holes further confirm the Elora Gold System’s impressive width and continuity of mineralization. This drill program, which included the Company’s broadest step-out holes, and the Team’s additional interpretation of historic data, highlights the potential for continued mineralization and exploration along strike at Elora. Drill permits have been submitted and are currently pending approval paving the way for future exploration to the northeast. The reinterpreted historical data shows high-grade mineralization under the historic Elora/Jubilee Mine, which could expand the strike-length of this structure up to 500 meters. The exploration permit will also allow the Company to drill test under the historic Laurentian Mine one kilometer to the north as well as more effectively test the Elora Gold System at depth.
“The results from the Elora Gold System continue to demonstrate the significant potential of this initial high-grade structure,” commented Maura Kolb M.Sc., P.Geo., President of Dryden Gold. “The intercepts from this phase of drilling confirm both the continuity and grade of mineralization along strike and at depth. We have also been working on integrating more historical data into our geological interpretation of this Elora structure. The new contoured long section in Figure 1 shows how open the system is for testing at depth and along strike to the northeast. These step-out holes represent an important advancement in understanding the controls of high-grade gold at Elora and highlight its potential for further exploration. These results reinforce our confidence in the Elora Gold System and the Gold Rock Camp as a cornerstone asset for Dryden Gold. We remain focused on expanding Elora by identifying and defining additional structures to the northeast,” furthered Ms. Kolb.
“I am extremely proud of our technical team as they continue to generate deeper high-grade gold intercepts on Elora,” stated Trey Wasser, CEO of Dryden Gold. “As we continue to see deeper high-grade results, the market is beginning to believe that the Dryden Gold District is a true Archean Lode system that likely has very deep roots. With a fully funded treasury this should be a transformational year for Dryden Gold. While generating the impressive drill results, the Team has also had a very busy regional exploration program in 2024. The mapping and sampling program has generated an exciting project pipeline with regional targets at Hyndman, Sherridon as well as new Gold Rock targets at Mud Lake and Mosher Bay, all to be advanced in 2025,” furthered Mr. Wasser.
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