October 21, 2024 6:00am EDT |Source: Dryden Gold Corp.
Vancouver, British Columbia–(Newsfile Corp. – October 21, 2024) – Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (“Dryden Gold” or the “Company”) has entered into the Agreement. We are pleased to announce. Acquired 41 mineral claims (“Shear Gold Claims”) in the Southern Manitou Project area pursuant to a binding mineral claim purchase agreement (the “Purchase Agreement”) with Shear Gold Exploration Corp. (“Shear Gold”) I will. The purchase agreement calls for $80,000 in cash to be paid at closing for 100% undivided royalty-free interest on the Sheer Gold Claims. Shear Gold is an independent private company located in Ontario and is scheduled to close on October 22, 2024.
sheer gold claim
The Sheer Gold Claims consist of 41 strategically located single-cell and multi-cell mining claims (see ‘Dryden Gold Land Addition’ in Figure 1). (1) adjacent to the Company’s Sheridon and Gaffney projects; and (2) adjacent to Gaffney and the Cross River property in Gold Rock Camp, which the Company purchased earlier this year (Press Release dated February 2, 2024 ). Initial results from the summer field program and the relogging of historic cores make both these areas priority targets for the Company’s exploration program, which will be expanded in 2025.
“The Sheer Gold Claim represents another strategic acquisition for Dryden Gold as it continues to consolidate its significant district-wide land package (see Figure 1), completing recent increment financing. The company was able to secure full funding for an aggressive exploration program in 2025, although the primary focus remains on expanding mineralization at Goldrock’s Elora and Big Master gold systems. We also plan to expand and upgrade our project pipeline,” said CEO Trey Wasser. “Drill samples drilled in the fall at Gold Rock are still in the laboratory and drilling is expected to resume early next month. 2025 will be a very exciting year for Dryden Gold.”
Figure 1 – Dryden Gold Land package with new orange lands
To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/227224_3eeb184d144ec9dc_001full.jpg
Qualified person
Technical disclosures in this news release were made by Maura J. Kolb, M.A., P.Geo, President of Dryden Gold, Inc. and a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators. Reviewed and approved.
About Dryden Gold Co., Ltd.
Dryden Gold Corp. is an exploration company focused on discovering high-grade gold mineralization listed on the TSX Venture Exchange (“DRY”) and the OTCQB Market (“DRYGF”). We have a strong management team and board of directors comprised of experienced individuals with a track record of building shareholder value through real estate acquisitions and integrations, successful exploration, and mergers and acquisitions. Dryden Gold manages 100% of its interests in strategically important land located in the Dryden region of northwestern Ontario. Dryden Gold’s real estate package includes a historic gold mine, but modern exploration is limited. The property exhibits high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwick deformation zone. The facility has excellent infrastructure, enjoys working relationships with indigenous communities and has the advantage of having an experienced mining workforce nearby.
For more information, please visit our website www.drydengold.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the 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 laws. Forward-looking statements include, but are not limited to, statements regarding: acquisition of properties, receipt of corporate and regulatory approvals, and issuance of common stock; Future development plans. Future acquisitions. exploration program. Dryden Gold Business and Operations. Forward-looking statements relate to information that is based on management’s assumptions, predictions of future results and estimates of amounts that cannot yet be determined. Any statement expressing predictions, expectations, beliefs, plans, forecasts, objectives, assumptions or future events or performance (including, but not limited to, “anticipates,” “does not expect,” “expects,” “anticipates,” and “anticipates”) ” or “unexpected,” “planned,” “budgeted,” “intended,” “forecast,” “estimated,” “believes,” or “intended.” or variations of such words or phrases, or to state specific actions, events, or results. may be forward-looking statements rather than statements of historical fact. Forward-looking statements are subject to various risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. on acceptable terms; risks associated with the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks associated with maintaining stock exchange listing, including the TSX Venture Exchange’s approval of the acquisition of the Property; risks related to environmental regulations and liability; potential delays in exploration or development activities; Uncertainty in profitability. risks and uncertainties associated with interpretation of drilling results, geology, grade and continuity of mineral deposits; risks related to the uncertainties inherent in production and cost estimates and the possibility of unanticipated costs and expenses; the possibility that future exploration, development or mining results will not meet our expectations; risks related to fluctuations in commodity prices; Other risks and uncertainties relating to our prospects, assets and operations are detailed elsewhere in Dryden Gold and our disclosure record. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, actual results may differ materially from those described in the forward-looking statements. Possibly. Investors are cautioned not to ascribe undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof, and Dryden Gold and the Company undertake no obligation to update or revise them to reflect new events or circumstances. Actual events and results may differ materially from Dryden Gold’s and our expectations and projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227224.
Source: Dryden Gold Corp.
