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Dryden Gold Confirms the Elora Gold System at One Kilometer Strike Length and Reports Visible Gold on Two New Exploration Targets

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Dryden Gold Confirms the Elora Gold System at One Kilometer Strike Length and Reports Visible Gold on Two New Exploration Targets

 

 

 

 

 

Dryden Gold Corp. [TSX-V: DRY) (OTCQB: DRYGF] is pleased to announce that Visible Gold was observed on Dryden Gold’s initial drill program at the historical Laurentian Mine Target and the Intersection Target on the Elora Gold System.  Laurentian is approximately one kilometer north of the Jubilee Target where the Company recently released assay results of 301.67 g/t over 3.90 meters including 1,930 g/t over 0.60 meters in a newly discovered hanging wall structure. The VG intersected at Laurentian was on a new parallel mineralized hanging wall structure. At the new Intersection Target, 200 meters northeast of Jubilee, VG was intersected before the main target in a mineralized footwall structure. This confirms new target potential on parallel high-grade structures along a one-kilometer strike at the Elora Gold System. Both holes have been submitted to the lab and results are expected in the coming weeks.

Trey Wasser, CEO of Dryden Gold states “I feel that finding visible gold in these two first pass exploration targets, over a one-kilometer strike length, confirms that our Team’s structural interpretation has reached a real breakthrough. Based on our mapping and interpretation, the newly identified gold bearing deformation event (D3) intersects the Elora and Big Master Gold Systems and appears to have enriched several parallel mineralized structures. This has allowed the Team to update the drill plan and really vector in on high-grade targets. This D3 fault structure is prevalent throughout the Gold Rock Camp. So, as we now prepare to test the Mud Lake Area, which is located two kilometers north of Laurentian, we are rapidly gaining confidence in our ability to continue to identify value targets and make new discoveries to create shareholder value.

Figure 1: VG from Laurentian Mine Target Hole DGR-25-001 New Hanging Wall Zone

 

Figure 2: VG from Hole DGR-25-007 at the Intersection Target

 

Figure 3: Plan Map of Gold Rock Exploration Targets

 

Jubilee Zone

A new phase of drilling at Jubilee has begun and will focus on confirmation of the plunge of the main zone as well as follow-up of the newly discovered HW Zone. These results will be processed throughout the month of June. The Company would like to clarify that turnaround time for logging the oriented core and receiving lab results, on these deeper drill holes, is now running approximately 8-10 weeks. Since drilling started on this phase of the program, the Company has completed 6,818 meters of drilling on the Elora Gold System with 4,416 meters pending assay results.

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

 

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. All sampling completed by Dryden Gold Corp. within its exploration programs is subject to a Company standard of internal quality control and quality assurance 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 and traded on the OTCQB. 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 acknowledges all Indigenous Peoples and that it is operating on the traditional homelands of the Wabigoon Lake Ojibway Nation and Eagle Lake First Nation. 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.

Posted May 27, 2025

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