Dryden Gold Intersects 7.88 g/t Gold over 12.70 Meters at Gold Rock

Dryden Gold Corp. (DRY) has released assay results from its 2025-2026 Gold Rock drill program, highlighting a near-surface high-grade intercept on the Elora structure alongside several supporting intersections across the BM1 and BM2 trends.

Key intercepts as reported (all core lengths, uncut, no cutoff stated):

• DGR-058 (Elora / Jubilee): 12.70 m @ 7.88 g/t Au from 76.30 m, including 1.90 m @ 46.05 g/t Au; approx. 65 m true depth; drilled along strike between Jubilee and Pearl.
• DGR-079 (Elora / Jubilee): 1.45 m @ 9.91 g/t Au from 43.55 m, including 0.40 m @ 25.90 g/t Au; approx. 30 m below surface.
• DGR-062 (BM2 / Treasure): 1.00 m @ 4.56 g/t Au from 189.00 m; approx. 150 m true depth.
• DGR-063 (BM2 hanging wall): 2.00 m @ 6.96 g/t Au from 125.00 m; approx. 100 m true depth.
• DGR-075 (BM1 / Barrelman): 12.00 m @ 1.35 g/t Au from 356.00 m, including 0.50 m @ 10.50 g/t and 0.50 m @ 15.60 g/t; approx. 300 m true depth.

The company described DGR-058 as a "100-gram meter hole" that confirms high-grade continuity over 350 m of strike on the Elora structure. Dryden Gold also restated its count of "15 mineralized structures with 10 high-grade zones" and noted two interpreted plunges controlling high-grade mineralization, with additional down-plunge holes pending. CEO comments indicated the company is "beginning to evaluate the potential for open pit mining." The release also re-referenced visible gold reported at Mud Lake North on Sept 17 without providing new assay data for that location.

Dryden Gold Corp. (DRY) released drill results that serve as prior-period context rather than new financial information. For the first quarter of 2026, the company reported cash of C$8.64 million, working capital of C$9.42 million, a net loss of C$2.47 million, and exploration spending of C$1.72 million. The presentation also cited C$12.9 million in cash and a fully funded C$17.5 million 2026 program. The share count increased from 192.5 million in the third quarter of 2025 to 246.2 million as of August 31, 2026.

As a pre-resource explorer, Dryden relies on drill news as its highest-leverage information. However, this release confirmed a hole within a known corridor rather than identifying a discovery, new zone, or step-change in scale. The three-dimensional system, comprising 15 structures with a strike length of 350 meters to 1.5 kilometers, is already considered the market's working assumption. The release did not provide a resource estimate, cutoff, true width, metallurgy data, open-pit study, or economic study.

The stock has round-tripped from C$0.48 on January 28, 2026, to C$0.24 on September 22, 2026, reaching its 52-week low. Previous strong drill results, including DGR-048 at approximately 140 g/t, DGR-054 at approximately 42 g/t, and Spyglass at approximately 43 g/t, are not currently embedded in the valuation.

The DGR-058 result is not materially better than previous demonstrations on the property, with historical records showing intercepts up to approximately 140 g/t and 1,176 g/t. It represents the best hole on the Elora structure specifically, serving as an incremental rather than transformative upgrade. The result is consistent with a routine positive outlook, offering encouragement without being deposit-defining.

Dryden Gold Corp. (TSXV: DRY; OTCQX: DRYGF; FSE: X7W) is an exploration-stage gold company focused on high-grade gold in the Dryden district of Northwestern Ontario. The company controls a 100%-owned consolidated land package of over 865 km2 (~88,830 ha), covering roughly 50 km of strike along the Manitou-Dinorwic deformation zone.

Key assets include the flagship Gold Rock property, which features the Elora, Big Master, Jubilee, Pearl, Spyglass, Buccaneer, Treasure, and Barrelman zones. Other holdings include the Mud Lake step-out target within the camp, the Hyndman regional intrusion-hosted discovery characterized by a 12 km x 2.5 km gold-in-till corridor, and the Sherridon grassroots property, which may be intrusion-related. The company also holds the Tremblay, Lost Lake, and Manor properties.

The company’s strategy is two-pronged: expanding Gold Rock through down-plunge and along-strike exploration, and generating regional discoveries. Strategic shareholders include Alamos Gold (~10.3%), Centerra Gold (~9.9%), Delbrook (~9.6%), EuroPac (~5.0%), Sprott Asset Management, and high-profile individuals including Eric Sprott and Rob McEwen.

Dryden Gold currently has no resource, reserve, PEA, or production. In the prior period (Q1-2026), the company reported cash of C$8.64M and a net loss of C$2.47M, with exploration spend up 191% year-on-year.