Dryden Gold – Significant Visible Gold Intercepted on Drill Hole KW-25-003 At A New Hanging Wall Discovery At The Elora Gold System
Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTCQB: DRYGF), joins me to outline the new zone with significant visible gold (“VG”) intersected from deeper drilling at the Elora Gold System at the Gold Rock Camp at the onset of this year’s 15,000 meter drill program. We discuss the exploration plans for multiple targets at Elora for this year, as well as drill programs for later in the year at both the Sherridon, and Hyndman areas across their Dryden Gold District, in Northwestern Ontario, Canada.
This newly discovered section intersected by Drill Hole KW-25-003, displaying the VG, is a hanging wall structure of folded sheared basalts and represents the most significant amount of VG that Dryden Gold has intersected to date. Maura outlines how this folding in the geological structure creates a good trap for the gold fluids, and this new discovery is further evidence that the Dryden District hosts a strong Archean lode gold system like Red Lake, Kirkland Lake and Timmins Districts.
We discussed that 5 holes have been drilled thus far at Elora and are testing down plunge at true depths between 250 and 400 meters and often these can intersect several targets with one hole. Now that Company has received their exploration permits in late February to set up some new drill pads, the focus will be on testing the further down-plunge potential of Elora and along strike to the northeast, around the historic Elora-Jubilee Mine, at a cross-cutting structure parallel to Big Master, and around the high-grade historic Laurentian Mine.
We then widened the scope to discuss 2 other key areas of exploration focus on their district-scale land package, with surveys and field work vectoring on future drill targets at both the Sherridon and Hyndman areas of the Project. Sherridon also just received its exploration permits for drilling there later this summer, and there is more targeting work underway to potentially drill Hyndman in the fall.
If you have any questions for Maura regarding Dryden Gold, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Dryden Gold at the time of this recording.
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I’m usually a bit hesitant on photos of visible gold, especially if there are just a few specks; but in this case, there are some nice patches and globs of gold on that core.
So yes, it should return some nice high-grade hits when the assays come back in a couple months. Also, I’ll be interested to see follow up holes that vector in nearby this area.
Also, if the folding is the clue to look for, then I want to see them look for than when they drill the Elora-Jubilee Mine and Laurentian Mine later this season.
It’s all about the grade and it looks to me like they have higher grades of ore so I will be waiting for those assays to come back from the lab, turn-around time was mentioned to be 8 weeks from Maura. I picked up some shares this morning when the market opened, and this market is good for early birds and speculators because once the herd shows up you won’t be seeing these easy entry points on good drill results. I have been through Dryden Ontario a couple of times; I always associate it with pulp mills and have largely forgotten about this gold camp. Nice to see some interesting drill results from Northern Ontario. Looking forward to following along with this drill story. DT