The playbook — gold · August 31, 2026
Deeper drilling extends Spyglass to 330 meters at Dryden Gold
Four holes hit visible gold where the model said they would, roughly doubling the interpreted footprint of the Spyglass zone.
Dryden Gold drilled deeper at its Spyglass zone in northwestern Ontario and reported hole DGR-073 hitting 9.40 grams of gold per tonne over 4.60 meters — about a third of an ounce of gold in every tonne of rock — at a true depth of 330 meters. Three more holes nearby also hit visible gold roughly where the company’s model predicted. The result came with a marketing update on August 31, 2026.
Here is the mechanism. Grade times width is the number that matters, and the headline hole works out to about 43 gram-meters — a solid high-grade intercept, not a bonanza. Be careful with it: much of that punch comes from a very narrow 0.38-meter slug running 78.40 grams per tonne, the kind of nuggety hit that flatters an average. The bigger story is continuity. Four holes hitting where the model said they would extends Spyglass from about 190 meters down to roughly 330 meters vertical and roughly doubles the interpreted footprint. For an orogenic system — the deep-rooted, structurally controlled style that built Red Lake and Kirkland Lake — demonstrating that the zone persists down-plunge is consistent with the scale potential that defines that deposit style. The company is fully funded for a 45,000-meter program, with Alamos Gold holding 10.46% and Centerra Gold about 9.9% as anchor investors, and CEO Trey Wasser, who grew Ely Gold Royalties from about C$6 million to about C$300 million before selling it in 2021, running the show alongside Red Lake veteran Maura Kolb.
Now the honest part. True widths per hole are not stated — Table 1 lengths are core lengths, so the real thickness of these intercepts is not disclosed. No cut-off grade, no compositing method, and no QA/QC details (lab, standards, blanks) appear in the provided text, and no qualified person is named. The down-plunge high-grade story belongs to Spyglass only; the Buccaneer intercepts at these depths ran sub-grade, 0.66 to 0.95 grams per tonne, south of the modeled zone. And the doubled footprint — 110 by 50 meters, about 5,500 square meters — is interpreted, not delineated on tight drill spacing. Upcoming catalysts include follow-up drilling to test the Buccaneer model to the north, continued down-plunge testing across the 15 mapped structures, and conference appearances at Beaver Creek and Colorado Springs in September 2026. Timing on the drilling was not stated.