Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) announced that it has released the complete drill results from Drill Hole DGR-031, referred to as Gap Hole 2, which tested from the footwall of Elora to the hanging wall of Big Master. The company reported that Gap Hole 2 intersected a total of 15 gold mineralized structures across 600 meters width. On Big Master, the hole intercepted the Treasure structure at 460 meters true depth, marking the deepest hole drilled by the company at Big Master. The intersection graded 2.64 g/t gold over 2.50 meters, including 10.80 g/t gold over 0.50 meters.
The company stated that previously released results from Gap Hole 2 intersected four high-grade gold mineralized structures at Pearl. The same drilling also expanded Treasure and Barrelman with multiple high-grade gold intercepts.
Additional drill highlights included Hole DGR-036, which intersected Treasure grading 5.03 g/t gold over 7.50 meters, including 43.60 g/t gold over 0.58 meters. Hole DGR-037 intersected Treasure grading 5.73 g/t gold over 2.20 meters, including 32.90 g/t gold over 0.30 meters. Gap Hole 2 also returned 77.90 g/t gold over 0.50 meters in a second footwall zone at Pearl.
To begin the 2026 drill campaign, Gap Hole 2 was drilled across Gold Rock to test the strike continuity of multiple parallel structures intersected last year in Hole DGR-25-018, referred to as Gap Hole 1, located 500 meters to the south. The company stated that drilling also tested additional targets at Big Master with the goal of expanding high-grade mineralization along strike from Spyglass to Treasure and expanding Barrelman. The two Gap Holes provided geological confidence to the interpretation of multiple parallel gold mineralized structures showing continuity along strike and across Gold Rock. The geologic cross sections for both Gap Holes show mineralized structures spanning over 600 meters width and 500 meters strike length.
Trey Wasser, CEO of Dryden Gold, stated in a company news release, “Gap Hole 2 significantly expands Gold Rock by intersecting 15 gold mineralized structures over 600 meters. It shows that the high-grade structures discovered in last year’s drilling extend along strike for 500 meters. It proves that Big Master continues to depths of over 450 meters below surface, 200 meters deeper that previous drilling. This nearly doubles the potential of Big Master, where it remains open at depth. Intercepting the stacked mineralized structures also substantially increases the number of targets at Gold Rock. Drilling this spring will remain focused on Gold Rock as we proceed with additional permitting at Mud Lake, Hyndman and Sherridon”.
Digging Into The Gold Market
According to a March 2 report from Leede Financial, gold climbed more than 2% toward US$5,400 per ounce on Monday, reaching an over one-month high as safe-haven demand intensified following joint strikes by the US and Israel on Iran over the weekend. The report stated that gold recorded its seventh straight monthly gain in February, the longest streak since 1973, driven by heightened geopolitical tensions and US President Trump’s reshaping of international relations. Leede Financial also noted that the rally had been supported by strong central bank purchases and a broader investor move away from sovereign bonds and currencies.
In a separate March 2 article, Senior Business Reporter Ines Ferré wrote for Yahoo Finance that gold futures pared gains after trading as high as US$5,400 per ounce as a widening conflict in the Middle East drove investors toward safe-haven assets. Ferré reported that JPMorgan analysts expected a “risk premium” jump in gold prices in the near term of more than 5% to 10% following the US-Israel strikes on Iran and counterattacks in the region. However, the analysts said those geopolitical price spikes “can be sharp but hard to sustain.”
Ferré also wrote that gold traded roughly US$200 below the all-time high set in January after closing out its eighth straight month of gains. The move pushed gold’s year to date gains to 21%, which came as central bank purchases, lower interest rates, and a weaker dollar had driven up demand. JPMorgan’s Patrick Jones wrote, “A near-term boost in geopolitical risk premium is clearly aligned with our bullish view on gold, but it is far from the sole reason we remain structurally bullish on the metal.”
Stockhead reported on March 2 that gold climbed about 2% as Middle East tensions escalated, describing the metal as “the world’s favourite panic button.” The publication stated that some analysts suggested the rally could push prices toward US$5,500 an ounce if tensions escalated further. The same report noted that Brent crude had jumped about 13% to around US$82 a barrel at the open before retreating slightly, and that consultancy Wood Mackenzie warned prices could spike above the US$100 level if tanker traffic through the Strait of Hormuz did not normalize quickly.
Analysts Cited Gold’s Move Higher on Safe Haven Demand and Policy Uncertainty
Couloir Capital wrote on February 28 that gold prices ended higher by 3.4% during the week as geopolitical uncertainty, including elevated tensions in the Middle East and unresolved U.S.-Iran talks that led to attacks, prompted investors to seek shelter in bullion. The firm added that heightened uncertainty surrounding the U.S. economy further supported gold prices, particularly after a U.S. Supreme Court ruling invalidated most of President Donald Trump’s trade tariffs.
In the same commentary, Couloir Capital reported that silver prices posted a gain of 10.9% during the week as acute physical supply tightness and heightened geopolitical risk converged in the global market. Copper prices increased by 3.0% during the week as market sentiment improved following the U.S. Supreme Court ruling that struck down U.S. tariffs, which had weighed on global trade and industrial demand expectations. Zinc prices were up 0.5% during the week on expectations of restocking in China following the Chinese Lunar New Year break, with low inventories and ongoing mine disruptions lending additional support to prices.
The Gold Advisor’s Jeff Clark and Jeff Valks wrote on March 2 that Dryden Gold Corp. qualified on February 24 to upgrade its U.S. trading status from the OTCQB to the higher-tier OTCQX Market, with its common shares now trading under the symbol DRYGF. They stated that the upgrade reflected that the company met the stricter financial, governance, and disclosure standards required for OTCQX, and that the move was intended to enhance visibility, trading optionality, and accessibility for U.S. investors as part of the company’s broader 2026 marketing efforts.
In the same March 2 commentary, Jeff Valks discussed Drill Hole DGR-031, referred to as Gap Hole 2, which intersected 15 gold mineralized structures across a 600 meter width. He cited reported results, including 2.64 g/t gold over 2.50 meters at 460 meters true depth, including 10.80 g/t gold over 0.50 meters, and noted that the hole also returned 77.90 g/t gold over 0.50 meters at Pearl. Valks quoted Trey Wasser as stating, “Gap Hole 2 significantly expands Gold Rock by intersecting 15 gold mineralized structures over 600 meters. It shows that the high-grade structures discovered in last year’s drilling extend along strike for 500 meters. It proves that Big Master continues to depths of over 450 meters below surface, 200 meters deeper than previous drilling.”
2026 Exploration Plans and Budget
According to the company’s March 2026 investor presentation, Dryden Gold outlined an 11.0 M 2026 funded exploration budget, with the budget having begun in Q4 2025. The budget allocates US$500,000 to additional sampling and surveys for early-stage regional targets, including follow-up on the soil till program. An additional US$1,500,000 is allocated to mapping, channel samples, and compilation for regional targets, including Gold Rock, Sherridon, Hyndman, and other areas. The presentation allocates US$9,000,000 to drilling at Gold Rock, Hyndman and Sherridon. The budget includes 32,000 meters of drilling in 2026.
The presentation also outlines a two-prong exploration plan focused on Gold Rock Camp and regional discoveries. At Gold Rock Camp, activities include fully defining the structures and controls of high-grade gold, deeper drilling, proving periodicity, and developing multiple target areas in the 20-kilometer Gold Rock Camp. Regional exploration activities include a first ever drill program at Hyndman and further testing at Sherridon, with soil and till data being integrated into regional targeting and a geophysical inversion study underway at Sherridon.
Ownership and Share Structure2
According to the company, contingent on post private placement, management and insiders own 5.41%, while strategic entities hold 48.09% of the shares.
Centerra Gold Inc. (CG:TSX; CADGF:OTCPK) holds 9.84%, Alamos Gold Inc. (AGI:TSX; AGI:NYSE) owns 10.50%, Delbrook Capital Advisors has 10.76%, and Euro Pacific Asset Management LLC owns 5.68%. There are currently 219 million shares outstanding.
The company’s market capitalization is CA$85 million, and it trades in a 52-week range of CA$0.48 to CA$0.105.
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1. Disclosure for the quote from the John Newell article published on February 25, 2026
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it’s advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
