Interview with CEO Trey Wasser & President Maura Kolb of Dryden Gold Corp.

Our previous interview: https://www.cruxinvestor.com/posts/dryden-gold-pre-ipo-contact-company-to-take-part-in-listing-3881

Recording date: 13th November 2023

Dryden Gold, a private company focused on gold exploration in Ontario, Canada, is currently raising capital ahead of going public on the TSX Venture Exchange under the ticker symbol DRY. Funds raised will support maiden drilling at their district-scale Gold Rock Project located in the heart of the prolific Red Lake Gold Camp.

Previous explorers have conducted around 20,000 meters of drilling on the property, returning exceptionally high-grade intercepts including 8.5 meters at 3,497 g/t gold. However, this represents only a fraction of the overall potential. Dryden's experienced leadership team believes they have cracked the geological code, unlocking the opportunity for systematic delineation of a cluster of high-grade gold deposits.

Dryden’s exploration thesis focuses on targeting high-grade gold mineralization at the intersections between the primary Gold Rock Shear Zone and secondary cross-cutting structures. This presents geological similarities to the world-class deposits of Red Lake, where high-grade "shoots" plunge along structural intersections.

Initial drilling by Dryden will test this geological model, with a focus on expanding the footprint of known high-grade mineralization. Step-out drilling is also planned along 1.5 kilometers of defined strike length hosting surface gold occurrences and geophysical anomalies.

Fully funded with an anticipated raise of $3-5 million, Dryden plans to complete between 2,500 to 5,000 meters of diamond drilling. The program will be led by former Red Lake Gold Mines Exploration Manager, Dr. Maura Kolb, who sees strong analogies to Red Lake based on her review of historical data.

The first phase of drilling will consist of relatively shallow holes, allowing cost-effective testing of multiple targets. Deeper holes down to 200-400 meters will also be drilled on confirmed high-grade zones. This systematic approach will facilitate efficient validation of Dryden’s exploration thesis.

Dryden’s CEO, Trey Wasser, highlights the potential, stating that “Bonanza grades over 3,000 g/t are extremely rare, underscoring the blue-sky upside if we can consistently hit high-grade plunging shoots.”

The Gold Rock Shear Zone has a strike length exceeding 50 kilometers, providing substantial upside beyond current focus areas. Surface sampling has already defined additional drill targets across one km south of previous drilling.

Dryden is anticipating an active news flow schedule as drill results are received, which could drive significant re-rating of the stock if early outcomes validate their geological modelling. Wasser notes that despite challenging markets, the story has resonated with investors to date, with strong support for the current raise.

The company expects to list on the TSX Venture Exchange in late 2023, offering enhanced liquidity over current private placement offerings. Dryden Gold presents an intriguing speculative opportunity for risk tolerant resource investors seeking leveraged upside from potential discovery of an extensive new gold system.

The Red Lake region hosts dozens of past and present gold mines with historical production exceeding 25 million ounces. Dryden’s systematic exploration guided by technical expertise could ultimately delineate the next major deposit in this prolific gold camp. Success would attract substantial investor interest, enhancing Dryden’s valuation and financing capacity.

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