Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce the details of its fully funded $5.8M CAD 2025 Exploration Program and overall outlook for the year.
Highlights:
Fully funded 2025 exploration program
Significant drill campaign planned of 12,000-15,000 meters
Expansion of Gold Rock zones along strike and at depth
Drilling at new Mud Lake target which is the northeastern extension of the Gold Rock Camp
Additional testing of high priority regional targets specifically at Hyndman and Sheridon
- Till/Soil sampling program testing for regional prospectivity under cover
The Gold Rock drill campaign will be a major focus for exploration during 2025 with more than half of the exploration budget slated to test the structures at depth and continue to expand along trend. We will continue our robust systematic process using new data to adjust and improve the drill targeting as we progress through the year. Drilling will be year-round and in phases to allow data to be integrated into the interpretation.
Regional exploration on our high priority targets will combine detailed mapping and sampling during the summer to better define potential drill targets. Dryden Gold also plans to expand the geophysical studies across other target areas on the property and integrate these into our geological models. Dryden Gold has planned a regional geochemical soil and till sampling program which will allow a better understanding of the gold potential in areas covered by vegetation and will be utilized in regional targeting. The new lidar data and the geochemical dataset will help to focus and prioritize additional early-stage exploration across the large 70,250 hectare property.
"We are very excited to start stepping out along strike to test new targets at Gold Rock. We will use the structural work the Geology team has done to advance the understanding of the high-grade controls to guide our program. Deeper drilling at Elora should help the market to understand that we are in a true Archean Lode gold system. The regional exploration program is important to the Company because we don't just hold a project in the Dryden Gold District, we hold a strategic and prolific 70,250 hectares. We also feel we have the best positioned land package in the district and want to grow our pipeline of exploration targets," stated Maura Kolb, President of Dryden Gold.
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.
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 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario. 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.
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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SOURCE: Dryden Gold Corp.
