Dryden Gold – High-Grade Gold Intercepts Returned At Elora Area Of The Gold Rock Camp, Exploration Update At Sherridon And Hyndman Areas
Trey Wasser, CEO and Director of Dryden Gold Corp (TSX.V: DRY) (OTC: DRYGF), joins me for an exploration update at Gold Rock Camp, Sherridon, and Hyndman areas across their Dryden Gold District, in Northwestern Ontario, Canada.
We start off discussing the recent drill results from their Phase 5 drill program at the Elora area of the Gold Rock Camp Project, reporting 30.72 g/t gold over 5.70 meters, including its highest-ever value of 313.00 g/t over 0.55 meters from hole KW-24-017. This was also the deepest hole the company has drill to date with the best results, which points to significant potential at depth in these mineralized shoots. This Phase 5 exploration program consisted of nine drill holes totaling 1,598 meters focused on the depth expansion at Elora and Big Master 1 gold systems and infill drilling at Big Master 2. Trey describes some of ongoing work and targets tested at both Big Master 1 and 2, and how this whole area is very similar to the Red Lake area geologically.
Next we widened the scope to discuss 2 other key areas of exploration focus on their land package, with surveys and field work vectoring on future drill targets at both the Sherridon and Hyndman areas of the Project.
Trey also outlined the recent financing that was increased three times due to unprecedented demand from institutions and high net worth investors, showing they have access to capital in an environment challenging to many junior resource companies, and have the budget to keep the drills turning. We also reviewed that this $5Million of capital raised, gives them the funds to make their final payment to Alamos Gold next year, to own the property 100%.
- If you have any questions for Trey regarding Dryden Gold, then please email me at Shad@kereport.com.
