Drilling at Canada's Sheridon Gold Mine Shows Potential

According to Mining.com, Dryden Gold has intersected 9 meters grading 2.55 g/t gold at its Sheridon project in Ontario, Canada. The company has also purchased two net smelter returns (NSRs) on the mine.

Drilling in Zone Four, hole DSH-25-001, intersected 19 meters of gold at a depth of 40 meters at a grade of 1.28 g/t gold.

Drilling in Zone Three intersected 39 meters of gold at a grade of 0.4 g/t gold, and another 7 meters at a grade of 1.82 g/t gold.

The Sheridan Gold Mine, part of the company's Gold Rock mineral rights, is located approximately 75 kilometers south of Dryden, Ontario.

"While we remain focused on gold rock orebody expansion, our efforts in the Sheridan and Hyndman areas are beginning to confirm the significant potential of Dryden," said Trey Wasser, the company's CEO, in a press release.

"I am also pleased to complete the agreement to purchase the Sheridan royalty. Purchasing the royalty at an attractive price will help enhance the mineral rights and shareholder value."

Historic Gold Tenures

The Dryden landmass is dotted with several older gold mines that have been relatively poorly explored using modern methods.

Another notable hole at Sheridan is DSH-25-002, which intersected 136 meters grading 0.26 g/t gold from a depth of 213 meters, including 17.6 meters of mineralization grading 0.6 g/t gold. Hole DSH-25-003 intersected 76.8 meters grading 0.16 g/t gold from a depth of 8.2 meters.

2% NSRs

The company reported a 2% return on the Dryden NSRs, purchased from two private parties for C$20,000 on October 3rd.

The Dryden NSRs were purchased by the company from Manitou Gold, a subsidiary of Alamos Gold, in March of last year. The remaining royalty on the rights is 1%, payable to Alamos. The Sheridan rights are royalty-free for the remaining rights.

The Sheridan deposit is located 35 kilometers south of Gold Rock. The gold mineralization is widespread and controlled by an east-west deformation zone, with a geophysical anomaly extending approximately 5 kilometers.

Source: https://geoglobal.mnr.gov.cn/zx/kcykf/ztjz/202510/t20251016_10023265.htm