Dryden Gold Receives Drill Permits & Announces Exploration Plans for the Sherridon Property
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) has received important exploration permits from the Ontario Ministry of Mines for the Sherridon Property. The company plans a 1,000-2,000-meter drill program at Sherridon, where historical surface samples reported up to 617.00 g/t gold.
The company has engaged Mira Geoscience for a 3D inversion study to enhance their geological model before initiating the 2025 drill program. Additionally, Dryden Gold has begun its spring drill campaign at the Gold Rock Camp, part of a larger 15,000-meter drill program for 2025, focusing on the Elora Structure and testing targets near the historic Laurentian Mine and Mud Lake.
The Sherridon Property features mafic greenschist facies metavolcanic rocks with a 4km along-strike 'strain corridor' where known mineralization is associated with magnetic medium-grained pyroxenite dykes containing up to 5% disseminated sulphides.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) ha ricevuto importanti permessi di esplorazione dal Ministero delle Miniere dell'Ontario per la Proprietà Sherridon. L'azienda prevede un programma di perforazione di 1.000-2.000 metri a Sherridon, dove i campioni storici di superficie hanno riportato fino a 617,00 g/t di oro.
L'azienda ha incaricato Mira Geoscience di condurre uno studio di inversione 3D per migliorare il proprio modello geologico prima di avviare il programma di perforazione del 2025. Inoltre, Dryden Gold ha avviato la sua campagna di perforazione primaverile presso il Gold Rock Camp, parte di un più ampio programma di perforazione di 15.000 metri per il 2025, concentrandosi sulla Struttura Elora e testando obiettivi vicino alla storica Miniera Laurentian e al Lago Mud.
La Proprietà Sherridon presenta rocce metavolcaniche di facies greenschist mafiche con un 'corridoio di deformazione' lungo 4 km, dove la mineralizzazione conosciuta è associata a dykes di piroxenite a grana media magnetica contenenti fino al 5% di solfuri disseminati.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) ha recibido importantes permisos de exploración del Ministerio de Minas de Ontario para la Propiedad Sherridon. La compañía planea un programa de perforación de 1,000 a 2,000 metros en Sherridon, donde las muestras históricas de superficie reportaron hasta 617.00 g/t de oro.
La empresa ha contratado a Mira Geoscience para un estudio de inversión 3D para mejorar su modelo geológico antes de iniciar el programa de perforación de 2025. Además, Dryden Gold ha comenzado su campaña de perforación de primavera en el Gold Rock Camp, parte de un programa de perforación de 15,000 metros para 2025, centrándose en la Estructura Elora y probando objetivos cerca de la histórica Mina Laurentian y el Lago Mud.
La Propiedad Sherridon presenta rocas metavolcánicas de facies greenschist máficas con un 'corredor de tensión' de 4 km de largo, donde la mineralización conocida está asociada con diques de piroxenita de grano medio magnético que contienen hasta un 5% de sulfuros diseminados.
드라이든 골드 주식회사 (TSXV: DRY) (OTCQB: DRYGF)는 온타리오 광업부로부터 쉐리돈 자산에 대한 중요한 탐사 허가를 받았습니다. 이 회사는 쉐리돈에서 1,000-2,000 미터의 시추 프로그램을 계획하고 있으며, 이곳의 역사적인 표면 샘플에서 최대 617.00 g/t의 금이 보고되었습니다.
회사는 2025년 시추 프로그램을 시작하기 전에 지질 모델을 향상시키기 위해 미라 지오사이언스에 3D 역산술 연구를 의뢰했습니다. 또한 드라이든 골드는 골드 록 캠프에서 봄 시추 캠페인을 시작했으며, 이는 2025년을 위한 15,000 미터 시추 프로그램의 일부로, 엘로라 구조에 집중하고 역사적인 로렌티안 광산과 머드 레이크 근처의 목표를 시험하고 있습니다.
쉐리돈 자산은 4km 길이의 '변형 복도'를 가진 마픽 그린쉬스트 석회암으로, 알려진 광물화가 자기 중간 입자 크기의 피록세나이트 다이크와 연관되어 있으며, 이 다이크는 최대 5%의 분산 황화물을 포함하고 있습니다.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) a reçu d'importants permis d'exploration du ministère des Mines de l'Ontario pour la propriété de Sherridon. L'entreprise prévoit un programme de forage de 1 000 à 2 000 mètres à Sherridon, où des échantillons de surface historiques ont rapporté jusqu'à 617,00 g/t d'or.
L'entreprise a engagé Mira Geoscience pour une étude d'inversion en 3D afin d'améliorer son modèle géologique avant de commencer le programme de forage de 2025. De plus, Dryden Gold a lancé sa campagne de forage printanière au Gold Rock Camp, qui fait partie d'un programme de forage de 15 000 mètres pour 2025, se concentrant sur la structure d'Elora et testant des cibles près de l'ancienne mine Laurentian et du lac Mud.
La propriété de Sherridon présente des roches métavolcaniques de facies greenschiste mafiques avec un 'corridor de déformation' de 4 km de long, où la minéralisation connue est associée à des dykes de piroxénite à grain moyen magnétiques contenant jusqu'à 5 % de sulfures disséminés.
Dryden Gold Corp (TSXV: DRY) (OTCQB: DRYGF) hat wichtige Explorationsgenehmigungen vom Ministerium für Bergbau von Ontario für das Sherridon-Projekt erhalten. Das Unternehmen plant ein Bohrprogramm von 1.000 bis 2.000 Metern in Sherridon, wo historische Oberflächenproben bis zu 617,00 g/t Gold berichteten.
Das Unternehmen hat Mira Geoscience mit einer 3D-Inversionsstudie beauftragt, um sein geologisches Modell vor Beginn des Bohrprogramms 2025 zu verbessern. Darüber hinaus hat Dryden Gold seine Frühjahrsbohrkampagne im Gold Rock Camp begonnen, die Teil eines größeren Bohrprogramms von 15.000 Metern für 2025 ist, das sich auf die Elora-Struktur konzentriert und Ziele in der Nähe der historischen Laurentian-Mine und des Mud Lake testet.
Die Sherridon-Immobilie weist mafische Greenschist-Fazies-Metavulkanite auf, die einen 4 km langen 'Verformungskorridor' bilden, in dem bekannte Mineralisierungen mit magnetischen, mittelgrained Pyroxenit-Dykes assoziiert sind, die bis zu 5% disseminierte Sulfide enthalten.
- Received key exploration permits for Sherridon Property from Ontario Ministry of Mines
- Historical surface samples showed high-grade gold up to 617 g/t
- Launching comprehensive 15,000-meter drill program for 2025
- Fully funded exploration program for 2025
- Initial Sherridon drill program is relatively small at 1,000-2,000 meters
- Actual drilling at Sherridon won't commence until summer 2025
Highlights:
- Permit issued for the Sherridon Property
- Engaged Mira Geoscience for 3D Inversion study on Sherridon
- Drilling planned for summer 2025 at Sherridon
- Spring drill campaign at the Gold Rock Camp Begins
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce that the Ontario Ministry of Mines has issued the exploration permits needed for drill testing the Sherridon Property ("Sherridon"). The Company is now fully permitted to drill test the near surface high-grade areas at Sherridon, where historically surface samples were reported as high 617.00 g/t gold with several samples over 100 g/t gold (link).
Prior to drill testing the Company has completed geological mapping at Sherridon. With this new data, coupled with interpretations from previous drill and surface data, the geology team has built a geological and mineralization model for Sherridon. The Company has also engaged Mira Geoscience to initiate a 3D inversion study which will help improve and expand the geological model prior to initiating the 2025 drill program. The Company is planning an initial approximately 1,000-2,000-meter drill program to test Sherridon.
The Company is currently drilling at the Gold Rock Camp, where it is following up down plunge on the Elora Structure as well as along strike to the northeast towards the historic Laurentian Mine and Mud Lake targets (link). This marks the start of the Company's approximately 15,000-meter drill program for 2025 with the goal of showing the depth potential at Elora, testing additional high-grade structures at Gold Rock and regional testing.
"This permit along with our new permit at Gold Rock are major milestones for the Dryden Gold team. These permits will enable us to systematically explore and drill test new targets on our large strategic property. We are delighted to receive this support from the First Nations Communities and the Ontario Ministry of Mines for the two permits. The historical results have been very promising at Sherridon. We are confident that our fully funded 2025 exploration will reveal the potential extent of the high-grade gold across the Dryden Gold District," stated Trey Wasser, CEO of Dryden Gold.
Mira Geoscience 3D Inversion Study
A similar 3D inversion study was used on the Gold Rock and Hyndman exploration areas. The study creates a geophysical model that helps inform the 3D geological interpretation for the area. Geophysical anomalies from these studies have proven to be successful exploration targets at Gold Rock and Hyndman. The geology team will use the outcome of this study to assist in mapping and sampling and to inform the drill targets at Sherridon.
"I am very excited to complete the 3D inversion study on Sherridon. We have completed this type of study on Gold Rock and Hyndman, which have both resulted in favourable new exploration targets (link). We now have exploration permits for Gold Rock and Sherridon which allows us to test our theories for high-grade controls on these targets and expand their footprints," stated Maura Kolb, President of Dryden Gold.
Figure 1: Dryden Gold Exploration Targets and Geological Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/246670_b5562de3e4b1690d_001full.jpg
Sherridon Geological Overview
The property comprises mainly mafic greenschist facies metavolcanic rocks with minor discontinuous gabbro, pyroxenite, and diorite intrusions in the centre of the property. To the east of the property, there are folded porphyritic pillowed basalts that host centime-scale discontinuous barren quartz veins.
Known mineralization on the property is spatially related to a strongly developed east-west trending, steeply dipping foliation that defines an approximately 4km along-strike "strain corridor". The known mineralization is spatially associated with the presence of magnetic medium-grained pyroxenite dykes that carried up to
The Company has expanded the land position at Sherridon since the field program of 2024. The Mira Geophysical study will encompass the entire new land package looking for similar geophysical signatures to the know mineralization and other highly favourable geological settings for high-grade gold mineralization.
UPCOMING MARKETING EVENTS
Dryden Gold is pleased to announce that it will be participating in the upcoming Capital Events conference in Scottsdale, Arizona that is taking place on April 11-13, 2025. CEO, Trey Wasser will be meeting new investors through a day of scheduled one-to-one meetings and networking activities.
President, Maura Kolb, P. Geo. will also be giving a corporate presentation at the Ontario Prospectors & Explorers Sympsium in Thunder Bay, Ontario that is taking place on April 15-16, 2025. Maura will be presenting to a full room of industry experts, prospectors, contractors and peers.
On May 9-10, 2025, Dryden Gold will be participating in the Metals Investor Forum conference in Vancouver on a new newsletter writer's panel of companies - Jeff Clark, The Gold Advisor. President, Maura Kolb, P. Geo. Will be giving a 10-minute corporate presentation followed by a short Q&A. Management will be available to meet in person and answer questions at the booth, so please register for this free event, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246670
FAQ
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How many meters of drilling does DRYGF plan for 2025 across its properties?
What is the extent of the mineralization corridor at DRYGF's Sherridon Property?
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