Dryden Gold Acquires Shear Gold Claims, Expands Lower Manitou Project
Dryden Gold has signed a binding agreement to acquire 41 mineral tenures from Shear Gold Exploration Corp., further strengthening its position in the Lower Manitou project area. “The Shear Gold Claims represent another strategic acquisition as Dryden Gold continues to consolidate its important district-scale land package,” said Trey Wasser, CEO of Dryden Gold. “Having completed our recent upsized financing, we are now fully funded for an aggressive exploration program in 2025. While our main focus will remain on expanding mineralization at the Elora and Big Master gold systems at Gold Rock, we also plan to upgrade our district-scale project pipeline.”
The purchase price of $80,000 will secure a 100% undivided, royalty-free interest in the Shear Gold Claims, with closing expected on October 22, 2024. The claims are strategically located, adjoining Dryden Gold’s Sherridon and Gaffney projects, as well as the recently acquired Cross River Property in the Gold Rock Camp. This acquisition builds on the company’s earlier land consolidation efforts, with these areas now identified as priority targets following initial results from the summer field program and historic core re-logging.
Dryden Gold is anticipating results from its fall drilling program at Gold Rock, with drilling set to resume early next month. The company is gearing up for what promises to be an exciting year in 2025.
About Dryden Gold Corp.
Dryden Gold Corp. is an exploration company focused on high-grade gold discoveries in the Dryden District of Northwestern Ontario. The company holds a 100% interest in a strategic land position covering over 50 kilometers along the Manitou-Dinorwic deformation zone. Dryden Gold’s properties include historic gold mines and unexplored potential, supported by strong infrastructure, collaborative relationships with First Nations communities, and proximity to an experienced mining workforce.
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