29.55 g/t Gold Hit Near Surface as Drill Program Expands to 45,000 Meters
- •Hey everyone, Just read this article over on Streetwise Reports: "29.55 g/t Gold Hit Near Surface as Drill Program Expands to 45,000 Meters" .
- •Dryden Gold Corp with some pretty wild numbers, 29.55 g/t near surface is definitely an eye-catcher.
- •And they're expanding their drill program to 45,000 meters?
Hey everyone,
Just read this article over on Streetwise Reports: "29.55 g/t Gold Hit Near Surface as Drill Program Expands to 45,000 Meters". Dryden Gold Corp with some pretty wild numbers, 29.55 g/t near surface is definitely an eye-catcher. And they're expanding their drill program to 45,000 meters? That's a massive increase in exploration. My initial thought is that they are really confident in what they're seeing. When I was looking for junior miners to add to my retirement portfolio a few years back, I always kept an eye out for these kinds of aggressive expansions post-discovery. It often signals a company that's found something significant and is pushing hard to define the resource.
The near-surface aspect is key for me, too. Cuts down on mining costs considerably, which makes the project more viable even if gold prices take a dip. For my own portfolio mix, I've got a decent amount in dividend-paying large caps, but I allocate about 15% to more speculative plays, and junior explorers like this have been part of that strategy before. My wife always gives me a hard time about tracking these smaller companies, but sometimes the payoff is worth the extra attention. This kind of headline definitely piques my interest in taking a deeper dive into their financials and management team.
What are your thoughts on this? Is anyone here already tracking Dryden Gold (DRY)? Are you as bullish on these initial results and the expanded drill program as I am, or are there some red flags I might be overlooking? Always good to get other perspectives from this community before I consider adding anything new.