Dryden GoldTSXV:DRY

They report adding 10,000 hectares to the property on the Henman trend, bringing the total to 80,000 hectares (Mar 2026), up from the 70,000 hectares previously stated (Feb 2026). The company highlights the Gold Rock target area as approximately one kilometer long and 600 meters wide with 15 parallel structures identified there, and another 15 structures found 500 meters south in the same intersection (Mar 2026). They note the Big Master system was pierced at 460 meters true depth, whereas it had previously been drilled to only 100 meters, and that results are within 100 meters of surface, very shallow (Feb/Mar 2026). Grade highlights range from 1.6 grams per ton over 16.4 meters and 6.4 grams per ton over 3.3 meters in footwall structures, to 55 g/t over 3.5 meters and 301 g/t over almost 4 meters in hanging wall structures, and 53,700 grams per ton over half a meter (Feb/Mar 2026).

September 2025 to March 2026. The company reports it expects to receive a permit for the north mud lake area later in the year toward summer, and as of January 2026 management said it was close to signing agreements with First Nations communities.

For resource classification, the company assumes 25-meter drill spacing is required to achieve indicated resources in this high-grade Archean system, and it notes that drilling this year is going to be very shallow. On costs, management has given different figures at different times: in September 2025 it assumed $200 Canadian all-in drill cost, while in January 2026 it assumed drill costs around $250 all in per meter. The company also reports that metallurgy involves nuggety free gold in high grade veins and wider shear zone mineralization, and assumes potential for a 5 g deposit from an open pit starter pit.

In September 2025 the company reported raising $7.8 million, including a strategic investment from Santara Gold that placed it at 9.9%, and noted $11.5 million of warrants at 30 cents were in the money. By January 2026, management said the company was fully financed for the rest of the year and its drill program, having originally planned a $6 million exploration budget for 2026, though that figure later rose: to up to a $12 million budget in January, then an $11 million exploration budget for 32,000 meters in February, and in March management reiterated that 80% of funds raised had been directed to the ground with 32,000 meters of drilling funded.

As of September 2025, the company planned 20–25,000 meters beginning that November, with about 2,000 meters left from the prior year's program and nine holes outstanding expected back in the fall. By January 2026, the company reported that the 2026 exploration program had already kicked off before Christmas and drilling had been expanded from 20–23,000 meters to about 35,000 meters; it also guided for Sheridan, Gold Rock extension, and Big Master drill results in the first quarter, with press releases about results expected roughly every two weeks. In February 2026, management reiterated a 2026 objective to grow the Gold Rock deposit at scale, stating 32,000 meters of drilling was planned, and noted that the 2025 drill campaign (focused on Gold Rock) was complete. A March 2026 statement also referenced 32,000 meters of drilling planned for the year.

The president worked eight years at the Red Lake Mine, according to statements from February and March 2026. The company also notes that John Fingus has been mapping out the Gold Rock camp for the last two years (November 2025), and that it has about ten employees with a core shack set up, having brought on Ben Fryman from the Colorado School of Mines as a structural expert (September 2025).

They report 38 million warrants outstanding at 30 cents, some of which were cashed in at the end of the year (February 2026). On the insider side, the company notes that Alamos Gold is a 10% shareholder, and that Santara Gold is a strategic investor that topped up their position.

The company reports that its endgame is M&A, citing Centerra's backing as validation and noting it is talking to other major and mid-tier companies (as of September 2025).