Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) is pleased to announce recent drill results that confirm the discovery of two new gold-bearing structures at Gold Rock. A new high-grade mineralised structure between Elora and the Big Master gold systems was intercepted at 250-500 metres true depth (“Elora 2”). Like the multiple mineralised hanging wall structures, this new structure has no surface expression. The mineralisation is comparable to the brecciated quartz veining found at Big Master. The consistency of the structural setting and mineralisation, along strike and at depth, supports the interpretation that this represents a significant mineralised corridor and not merely another hanging wall structure. A second structure was discovered in a single drill hole at the historic Paymaster target (“Paymaster”). Since drilling began in 2023, the Company has proven that Gold Rock is a very robust gold system. Having now drilled over 34,000 meters, Dryden Gold has expanded the mineralised footprint from three structures and two high-grade zones to over fifteen structures and a dozen high-grade zones.
The current drill program included Dryden Gold’s first test of the Paymaster target located east of the historic Big Master mine workings and adjacent to the Manitou Dinorwic deformation zone (“MDdz”). The MDdz is interpreted to be the principal regional structural corridor and one of three fluid pathways responsible for gold mineralisation throughout the Gold Rock Camp. Hole DRG-064 intercepted 7.00 meters of 0.36 g/t gold at 120 meters true depth in what appears to be a wider shear structure comparable to Elora.
Maura Kolb, P.Geo., President of Dryden Gold, commented, “Gold Rock continues to generate many exciting new high-grade gold targets across a growing footprint. With only five holes completed at Elora 2, we have already identified a high-grade zone and demonstrated approximately one kilometre of strike length. With the second drill rig deployed at Gold Rock, our objective is to define additional high-grade zones within this growing mineralised system and continue advancing this robust gold system.”
The current exploration program will systematically evaluate Elora 2 to define the distribution and periodicity of high-grade zones across the entire mineralised system. Success in identifying additional near-surface high-grade zones will further demonstrate the open pit resource potential at Gold Rock. With the deployment of a second drill rig, the Company has expanded its exploration program to test the down-plunge and down-dip extensions of known high-grade zones at Jubilee, Spyglass and Buccaneer. The entire mineralised system at Gold Rock remains open and extending the known high-grade zones at depth is a key objective of the current drill campaign.
To find out what else is going on in the mining industry, click here!