As gold continues to be one of the safest investments, there continues to be considerable interest in gold-related stocks, and one of those that could be worth watching is Dryden Gold Corp. (OTC: DRYGF). On Monday the company hit the news cycle after it made a key new announcement about one of its projects.
Elora Gold System Update
On January 20 the company made a positive new announcement from the drill results at the Elora Gold System at the Gold Rock Camp. Dryden Gold Corp announced yesterday that there had been further high-grade gold discovery at the Elora Gold System after the expansion of the drilling program. In the news release, the company noted that Phase 6 of the drilling program had been completed in November last year and had consisted of a total of 4 holes totaling a depth of 1172 meters.
Further Information
It was also noted that the Phase 6 drilling program was aimed at following up on the Phase 5 drilling program that had returned as much as 8.93 g/t of gold over 12.45 meters and 30.72 g/t of gold over 5.70 meters. In light of such positive developments, it may be a good time to add the Dryden Gold Corp stock to your watch lists.
Management Comment
“The results from the Elora Gold System continue to demonstrate the significant potential of this initial high-grade structure,” commented Maura Kolb, M.Sc., P.Geo., President of Dryden Gold. “The intercepts from this phase of drilling confirm both the continuity and grade of mineralization along strike and at depth. We have also been working on integrating more historical data into our geological interpretation of this Elora structure.
