High-Impact Mining Conferences Set the Stage for Key Gold Project Updates

Source: Streetwise Reports 11/11/2024

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB) has announced its participation in three significant mining investment conferences scheduled for November 2024. Read more about the company’s plans to showcase major project updates and connect with global investors at these key events.

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB) has announced its participation in three significant mining investment conferences scheduled for November 2024. These include the 121 Mining Investment London Conference on November 14-15, the Swiss Mining Institute’s Zurich conference from November 20-21, and the New Orleans Investment Conference from November 20-23. These events are key industry gatherings that connect mining companies with potential investors. They also provide a platform for project presentations, networking, and capital allocation discussions.

At these conferences, Dryden Gold’s CEO and Director, Trey Wasser, will meet with European investors, while Maura Kolb, P.Geo., President of Dryden Gold, will deliver a presentation in New Orleans on November 22nd from 9:15 am-10:15 am and will be exhibiting at Booth #302. The presentations are expected to highlight the company’s achievements from its 2023-2024 drill program, updates on its continued exploration activities at the Gold Rock project, and results from the summer field campaign. Dryden Gold will also discuss its focus on expanding known high-grade zones and efforts in re-logging historic core samples to advance its understanding of the project’s geological structure. These updates reflect the company’s strategic initiatives to build on its recent discoveries and further delineate its gold resources.

A Look Into Gold

Egon von Greyerz, on November 4, emphasized gold’s historical stability as a wealth-preserving asset. He noted this was especially the case during periods of currency devaluation and economic volatility. He stated, “Gold is the best-performing asset class in this century, better than the S&P including reinvested dividends, and still NOBODY OWNS GOLD,” highlighting that only 0.5% of global financial assets are invested in gold. Von Greyerz projected an “explosion, measured in paper money,” as gold’s value continues to reflect fiat currency declines, solidifying its role as a reliable store of value.

In a November 5 report, Ambrose Evans-Pritchard of Yahoo! Finance portrayed gold’s rally as a forewarning of global fiscal and geopolitical instability. He noted, “Gold is rising onwards and upwards with scarcely a pause for breath,” indicating increased global concern over economic stability and inflationary pressures. Evans-Pritchard pointed to central banks’ shift toward gold to offset risks associated with dollar reserves, underscoring gold’s appeal amid mounting fiscal challenges.

Company Catalysts

According to the company’s investor presentation, Dryden Gold has secured a strategic land position within the prolific Dryden Gold District, covering over 702 square kilometers of favorable geological structures for gold mineralization. The company’s recent drill results and geological assessments have indicated high-grade gold zones with the potential for substantial resource expansion. Dryden Gold’s systematic approach to exploration, supported by a robust portfolio of historical drill intercepts and new high-grade gold shoots, positions it to leverage these assets for future development. [OWNERSHIP_CHART-11012]

Additionally, Dryden Gold’s management, with a track record in shareholder value creation, anticipates that its presence at these conferences will support further market interest, attract investment, and potentially open avenues for M&A activity within the district.

What Analysts Are Saying…

*On September 10, Technical Analyst Clive Maund gave his outlook on Dryden Gold Corp. Maund emphasized Dryden Gold’s “impressive district-scale land package in a favorable jurisdiction with excellent infrastructure,” where the company has already identified substantial gold reserves. He acknowledged Dryden’s ongoing exploration program, which had “already yielded very impressive results.” Maund found this approach efficient and beneficial, enhancing the company’s understanding of its resources.

Additionally, Maund commented on Dryden’s significant land position within the Greenstone Belt, which has yielded numerous gold discoveries. He noted the presence of major mining companies like Kinross and NexGold in the area, suggesting this proximity could increase the chances of Dryden making substantial discoveries. Maund concluded that the company’s “technical condition has steadily improved,” pointing to the stock’s recent movement above the 50-day moving average and an overall improvement in momentum indicators. Given these factors, he maintained that Dryden Gold remained a “Strong Buy.”

Ownership and Share Structure

According to Refinitiv, Strategic entities own 31.10% of Dryden.  Alamos Gold Inc. (AGI:TSX; AGI:NYSE) holds an almost 10.73% stake in it. EuroPac Gold Fund owns 5.43%. Eric Sprott owns 2.97%, Rob McEwen owns 2.48 %, Dynamic Funds owns 3.38%, and other important stakeholders, including management and insiders, own 9.02%, with Robert Quartermain holding .74%. Only 60% of the 134.53 million shares are available to retail investors.

Its market cap is CA$18 million, and it trades in a 52-week range of CA$0.40 and CA$0.10. 

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Important Disclosures:

1. Dryden Gold Corp. are billboard sponsors of Streetwise Reports and pay SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own Dryden Gold Corp. securities.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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* Disclosure for the quote from the Clive Maund article published on September 10, 2024

1. For the quoted article (published on September 10, 2024), the Company has paid Street Smart, an affiliate of Streetwise Reports, between US$1,500.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

( Companies Mentioned: DRY:TSXV; DRYGF:OTCQB, )

Source: https://www.streetwisereports.com/article/2024/11/11/high-impact-mining-conferences-set-the-stage-for-key-gold-project-updates.html