Dryden
The Company would also like to welcome Mr.
As the founder and former Chairman of
'We are honored to have
Exploration Update
In November, the initial drilling phase concentrated on extending the known strike along the northeast portion of the Big Master vein system. This vein system has a history of shallow mining dating back to the early 1900's and has undergone exploration by Dryden's predecessors. These initial five holes were strategically designed to test the areas beneath mapped and chip-sampled veins that had never undergone drill testing before.
In December's drilling phase, the primary objective was to enhance our comprehension of the orientation of high-grade mineralization in the Big Master vein system. In 2011, the property yielded its highest-grade historic intercept, recording a grade of 3,497 g/t Au over 8.45 meters including, within the vein itself, 53,700 g/t Au over 0.55 meters. For more information, refer to the Assessment Report filed with the
The working hypothesis suggests that the high-grade mineralization aligns with the steep plunge of either the intersection lineation of fault structures or the regional folding. To validate this theory, the geology team conducted drilling along this steep plunge projection, adjacent to the previously drilled high-grade mineralization.
In 2024, the January drill phase will center on testing the Elora vein trend. This trend notably encompasses two historic mines dating back to the turn of the century. Previous drilling conducted during the 1980s and 1990s rendered promising results. The upcoming drill program aims to test the southward extension of this vein trend. This drill phase involves both infilling the existing trend and further extending its reach along the strike.
The Company has prepared and filed a technical report in respect of the
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Dryden
Tel: 940-368-8337
Email: twasser@drydengold.com
Further details of the Amalgamation, the Listing and the business plan will be included in subsequent news releases and disclosure documents to be filed by
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 terms and conditions of the Amalgamation; the terms and conditions of the Financing; use of proceeds from the Financing; future development plans 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 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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; 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; results of prefeasibility and feasibility studies, and 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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