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

Our previous interview: https://www.cruxinvestor.com/posts/dryden-gold-tsxvdry-five-phase-drill-program-in-emerging-gold-district-5764

Recording date: 12th September 2024

Dryden Gold (TSXV:DRY) is emerging as an intriguing player in the junior gold exploration sector, focusing on a high-grade gold property that has shown promising results in recent drilling campaigns. The company's project has garnered attention due to exceptionally high-grade intercepts and the presence of visible gold in recent drill cores, factors that often pique investor interest in the exploration space.

One of the most compelling aspects of Dryden Gold's story is the grade of their gold intercepts. The company reports intersecting 53,000 grams per ton (g/t) over about half a meter, an exceptionally high-grade result, albeit over a narrow width. More substantially, they've reported 14 g/t over 7.5 meters, representing a wider intercept of high-grade material. These results suggest the potential for a significant high-grade deposit, though further drilling is needed to confirm continuity and overall resource potential.

Recently, Dryden Gold completed a financing round that demonstrates both institutional and retail investor interest. The financing included flow-through funds, charity flow-through investments from high net-worth individuals and institutions, and hard dollar investments primarily from retail investors. This successful raise provides the company with capital to advance their exploration efforts, a crucial factor for junior explorers.

The company's exploration strategy appears methodical. They've used data from historic drilling and their own recent campaigns to develop a model of the mineralization controls. This has led to the identification of two high-grade shoots with potential continuity over about 150 meters of strike length. Importantly, they believe these structures have significant depth potential, which is typical of this style of gold deposit.

A particularly exciting development has been the presence of visible gold in their recent drill cores. While assays are still pending to confirm the grades associated with these visible gold occurrences, their presence is generally viewed favorably by geologists and investors alike.

Looking ahead, Dryden Gold plans to continue exploring their property, with a focus on defining and expanding the high-grade shoots they've identified. They also mention the presence of nine potential structural intersections within their property that could host additional mineralization, providing multiple targets for future exploration.

Dryden Gold is pre-revenue and depends on external financing to fund its operations. The success of the company hinges on their ability to define an economically viable resource, which is never guaranteed in mineral exploration. Even if a significant resource is defined, many factors including metallurgy, mining methods, and economic factors will influence whether a deposit can be profitably mined. Furthermore, while high-grade intercepts are exciting, they do not always translate into an economically viable deposit. Continuity, volume, and overall grade distribution are critical factors that will need to be demonstrated through further drilling and technical studies.

In conclusion, Dryden Gold presents an intriguing opportunity for investors comfortable with the high-risk, high-reward nature of junior gold exploration. The company's high-grade intercepts and recent visible gold findings are promising indicators, but much work remains to be done to prove the economic viability of their project. With recent financing completed and a focused exploration strategy, Dryden Gold is well-positioned to advance their understanding of their gold property. As always, investors should conduct thorough due diligence and carefully consider their risk tolerance before investing in early-stage exploration companies.

View Dryden Gold's company profile: https://www.cruxinvestor.com/companies/dryden-gold

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