New 65-Kilometer Gold Corridor Identified as Company Expands Land Position

In a January 8 letter, Chen Lin of What is Chen Buying? What is Chen Selling? wrote that “DRY.v announced continued CGAU support and is doing a financing,” adding that it “could be a good entry point if you are bullish on the sector and want to get involved.” He also confirmed the company’s participation in an upcoming panel event.

A February 4 commentary from The Gold Advisor included analysis from senior analyst Jeff Valks, who stated that recent drilling at the Pearl zone marked the first confirmation of significant mineralization in the footwall of the Elora shear, adding a new structural layer to the Gold Rock Target Area. Valks reported that five drill holes totaling approximately 1,600 meters were completed along a 600-meter strike from Jubilee to Pearl, with intercepts encountered at shallow vertical depths ranging from 15 to 70 meters. He highlighted results including 6.4 grams per tonne gold over 3.30 meters from a newly identified footwall zone, 77.90 grams per tonne gold over 0.50 meters from a second footwall zone, and 1.61 grams per tonne gold over 16.40 meters within the main Elora shear. Valks wrote that the results reinforced a recurring pattern of “multiple stacked structures, combining narrow high-grade zones with broader envelopes of lower-grade mineralization,” and said the discovery of footwall mineralization reflected a continuation of the structural style previously observed at Jubilee, but identified across the Elora shear rather than along its hanging wall.

In a February 13 equity research report, Ron Wortel, Senior Analyst at Couloir Capital, reaffirmed a Buy rating on Dryden Gold Corp. with a fair market value target of CA$1.00 per share. He wrote that the updated target reflected “strong drilling results, the discovery of high-grade mineralization in parallel structures, and additional capital raised to fund an expanded exploration program.” The report noted that drilling at Pearl identified “two new high-grade footwall zones developed parallel to the main Elora shear structure, marking the first significant gold mineralization discovered in footwall rocks at Pearl.” Wortel also stated that follow-up drilling at the Sherridon discovery expanded mineralization, writing that the enlarged footprint “materially enhances the company’s district-scale exploration thesis.” The report further stated that the company’s 2026 exploration budget stood at CA$11.0 million and supported approximately 32,000 meters of drilling.