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Dryden Gold Corp. reports samples up to 13.00 g/t Au, expands land package

Jan 26, 2024

Dryden Gold Corp. is pleased to announce that, based on results from rock chip samples collected during the 2023 field program at its Hyndman Property "Hyndman", the company strategically staked additional ground to expand the land package along the interpreted trend of mineralization. The company would also like to welcome Kenorland Minerals Ltd to the Dryden District. Kenorland Minerals is one of Canada's premier project generators and now holds over 73,000 hectares bordering Dryden Gold's properties (see press release dated January 18, 2023).

"While our primary focus is our drilling program in the Gold Rock Camp, we believe Dryden Gold holds the strongest land position in the Wabigoon Greenstone Belt and will continue to expand at strategic locations identified by our experienced geological team. We are very excited to see the strong technical team at Kenorland Minerals take such a significant interest in the under-explored and over-looked Dryden District" stated Trey Wasser, CEO of Dryden Gold Corp.

About the Hyndman Property

A total of 38 surface rock samples were collected at Hyndman. Six of the samples collected hosted significant gold mineralization, three samples hosted gold mineralization over 10.00 g/t Au with the best result at 13.00 g/t Au (see Table 1, Figure 1 and Figure 2). Mineralization in the Hyndman area is hosted in intermediate to mafic volcanic rocks adjacent to the Wabigoon Fault, a major regional structure. The newly staked Hyndman claims enhance the overall strategic land package situated on one of the major east-west structures in the Dryden District, similar to structures currently being explored by Dynasty Gold (TSXV: DYG) and now a significant land package optioned by Kenorland Minerals Ltd. (TSXV: KLD).

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Figure 1: Regional Geology of Hyndman Project Area with sample locations

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The Hyndman Project area is the most easterly part of the Company's property. It is located just 2km north of the Trans-Canada highway and has additional road access through a network of logging roads (Figure 2 and Figure 3). The area has been recently logged making it easily accessible for additional mapping and exploration work in 2024. Dryden Gold flew high-resolution airborne magnetic survey in 2022 which indicated layering of mafic to intermediate units and horizons of more magnetic rocks likely due to magnetite or pyrrhotite within the host rock at Hyndman. Historically, gold showings have occurred on the southern side of the major regional fault and the significant results from this program align with previous discoveries and potentially new mineralized areas. Observations from the summer mapping campaign included strong pyrite mineralization and silicification within intermediate to mafic volcanics, pyrite mineralization hosted within diorite and pyrite mineralization in felsic dyke contacts. 

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Figure 2: Detailed Geological Map of New Discovery at Hyndman Project

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Maura Kolb, the Company's President and Head of Exploration commented on Hyndman, "the team feels that multiple showings of over 10 g/t Au represent our first important target at Hyndman. We will continue to test the potential of gold mineralization hosted within the mafic volcanic rocks on and along the Wabigoon Fault. The shearing is very strong and pervasive throughout these rocks mapped by the summer field team and the new results demonstrate strong growth potential along the Wabigoon Fault."

Dryden Gold has significantly expended the size of the land package around the Hyndman Project area (Figure 3). The new land package is nearly four times larger than the original Hyndman Project land package and the additional land adds approximately another seven kilometers of strike on the south side of the Wabigoon regional fault structure. 

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Figure 3: Regional Geology Map of Hyndman Project area showing newly acquired claims.

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The Company has prepared and filed a technical report in respect of the Dryden Gold Properties titled "NI 43-101 Technical Report Dryden Gold Project" and dated effective September 6, 2023, prepared for the Company by Calvin Church, P.Geo, a copy of which can also be found under the Company's profile at www.sedarplus.ca.

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