Dryden Gold – Comprehensive Update On 2025 Exploration Season At Gold Rock, Sherridon, and Hyndman Areas
Trey Wasser, CEO and Director of Dryden Gold Corp (TSX.V: DRY) (OTCQB: DRYGF) (FSE: X7W), joins me for a comprehensive update outlining some of the key takeaways from the 2025 exploration season at the 3 different regional areas: Gold Rock Camp, Sherridon and Hyndman; within their Dryden Gold District in Northwestern Ontario.
We kick things off with a review of some the key targets drilled this season’s 15,000 meter program along both the Big Master and Elora Gold trends at the Gold Rock Camp, incorporating the data sets from the D1, D2, and new understanding of the D3 structural faulting trends. Trey highlights the drill results from the Elora-Jubilee Target, Pearl Target, and Laurentian Mine Target, and mentions that about 10 assays are still pending from the drilling done into the gap testing the areas between these targets. We also discuss significance of the broader bulk tonnage 0.75 g/t – 2.0 g/t, that is then being upgraded by the high-grade 10 g/t – 53,000 g/t intercepts on the hanging wall and foot wall trends, that compliment and raise the overall grade profile of the larger deposit that is developing.
Next we shifted up to the initial drilling done this year at Mud Lake target area, and how these same 3 geological deformation faults and folds are present here as well, further northeast along the Gold Rock Camp trend. There are 4 drill holes here awaiting assays to come back from the lab in the near-term. Trey highlights that there is a periodicity to this larger system which demonstrate similar geological properties. We touch upon the many other targets that are being mapped, sampled, and advanced towards targeting for future drill programs; both to the northeast and southwest along the 20km strike length.
Pivoting out to the regional targets, we discussed the 3rd area of focus from this year’s program at Sherridon; where 3 drill holes were put in following up on the detailed mapping from 2024. Sherridon is hosted within a large geophysical anomaly with a strike length of five kilometers. Testing to date has focused on a small portion of that trend leaving the Sherridon target open in all directions. Additional drill targets for next year will be designed based on this seasons drill results and geological interpretations from expanded mineral assays, geochemistry and re-logging of historic core.
Wrapping up we discussed the 4th area of focus this season from the channel sampling program at the Hyndman regional area, which targeted existing outcrop exposures. High-grade gold was assayed where the exposed rock hosted veining and shear hosted gold mineralization. These channel sample results have resulted in a positive drill decision and the Team is currently planning its first-pass drill targets for the 2026 Program. Trey points out that geophysics anomalies show a potential strike length of approximately four kilometers target at Hyndman, and its geological setting and mineralization is quite similar to NexGold’s Goldlund deposit at their Goliath Gold Complex.
If you have any questions for Trey 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, and may choose to buy or sell shares at any time.
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The longer silver can hang out in a high range (e.g., $46-54) the healthier.
I would prefer that silver doesn’t break out to significant new highs in the next few months and just bides its time in a high range, maybe out to feb/March or at an extreme, April.
When the 50 and 100 day bollinger bands narrow in significantly, that vol compression is going to create the fuel for an explosion higher.
I am not going to complain if silver takes off here, but I would rather it didn’t. And while I think a near term test of the 150 or 200 DMA to close that gap at $39 is within the realm of possibility, the high range consolidation is going to be healthier and more bullish.
https://www.tradingview.com/x/kcZTK9TS/
DOLLAR : 21st Century Fibonacci
https://www.tradingview.com/x/lv2FAeVB/
DOLLAR : Bottoming Now?
HGRAF: Initial Target 2.34
First Buy (Too High?).
Out.
Back in. Triple Tranche Buy.
Sold ~ AB.CD.
Gap Fill Pull Back?
https://www.tradingview.com/x/fiiuKsa8/
DOLLAR: Not Bottoming?
EXk earnings tomorrow. It and HL are my two silver miner positions.
I would add here if I had any cash. That being said, it’s quite possible tomorrows earnings are not so great and it suffers in the near term. That would make it an even better buy for me.
One issue which I was disappointed to learn last Q is that they had to hedge about a Qs worth of silver production (that was my calculation) at $42 in order to obtain financing for a new mine development (gotta love the banksters, always extracting their pound of flesh). I am hoping that hedge is closed out fully now but who knows. We should get an update tomorrow. It’s not a huge drag atm, but at $100 silver I am going to be a bit miffed if they still haven’t worked off that hedge.
I like that they have that operational upside though. And to the extent the hedge is a drag, it creates an opportunity to buy it at a discount.
I wish Brad Cook was still alive to run the company. But it appears the management is competent, and I know they are not stupid enough to engage in hedging unless they have to.