Industria
Trident Resources Intersects 7.03gpt Au over 43.25m Starting at 121.0m Depth, including 30.06gpt Au over 9.25m at Contact Lake Gold Project, Saskatchewan
(“ ” or the “ ”) is pleased to announce positive diamond drill results (Figure 1) from the first 3 holes totaling 746 metres (m), of a total planned 6,500m, at its Contact Lake Gold Project. Drill hole CL25003 intersected 7.03 gpt Au over 43.25m including 30.06 gpt Au over 9.25m (Figure 3). Drill hole CL25002 intersected 2.49 gpt Au over 29.61m including 27.09 gpt Au over 2.21m and hole CL25001 intersected 0.56 gpt Au over 29.50m (Figure 2).
Jon Weisblatt, CEO, commented
The discovery of high-grade gold in the first three holes of the 2025 Contact Lake drill program represents an important advancement for future exploration at the project as the mineralization was encountered below the Bakos shear structure and well beyond the limits of the historical mining footprint. The Bakos shear is the main host to gold mineralization at Contact, but the high-grade intercepts from the lower portions of holes CL25002 and CL25003 demonstrate that significant gold values are present outside of the shear envelope.
The 9.25m zone that averaged 30.06 gpt Au (from 155.00m to 164.25m) in hole CL25003 is hosted in a strongly quartz vein altered granodiorite that showed very little evidence of shearing. The zone was encountered approximately 100m outboard of the nearest historical mining activity. The 2025 drill program was designed to test for both lateral and depth extensions to the known gold mineralization at Contact Lake, in areas that had only limited historical drilling.
Trident will continue to explore and drill test the Contact Lake deposit in a systematic manner as we look to expand on the high-grade gold mineralization discovered between the historical mine infrastructure and the unmined BK3 zone, located immediately ENE of the 2025 drilling. During the current drill program, Trident has collected a comprehensive database of oriented drill core measurements that will be used to delineate the geologic structures that host gold in the deposit area and guide future drill programs. Pre-existing geologic structures exert a first-order control on gold mineralization throughout the La Ronge Gold Belt, so Trident will focus on understanding the complex structural history in order to realize the full potential of the region.
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was oriented toward the northwest (336º) at a -45º dip to target shallow high-grade mineralization above, within and below the Bakos Shear Zone. This drill hole was collared 65 metres northeast of the nearest underground infrastructure in an area with limited historical drilling.
was collared from the same drill pad as CL25001 along a similar azimuth but at a steeper dip angle (-55º) to target parallel mineralized zones at a greater depth. This hole intersected gold mineralization within the Bakos Zone and in a separate shear zone located in the footwall of the Bakos structure, 40 metres below the upper mineralized zone. A third horizon of gold mineralization was discovered within the granodiorite host rock, between 241.0 to 251.6m downhole depth, in an area that had not been previously drilled.
was collared from a drill pad located 25m southeast of drill holes CL25001 and CL25002. This hole was oriented toward the north (azimuth 000º) at a dip angle of -45º to target the depth and lateral extension of gold mineralization first discovered in drill hole TU88-01 (342º azimuth/-45º dip), which was located 50m northeast of CL25003. Drill hole CL25003 encountered significant high-grade gold within both the Bakos Shear Zone and the footwall below the structure.
The lowermost high-grade intersection (30.06 gpt Au over 9.25m starting at 155.0m downhole depth) is hosted in a weakly sheared but strongly altered granodiorite located 100m from the nearest historical underground mine infrastructure and at least 30m from gold mineralization in hole TU88-01.
The Contact Lake Project covers approximately 22,790 hectares and includes the past-producing Contact Lake Gold Mine, which was operated by Cameco Corporation between 1994 and 1998. Situated in the highly prospective La Ronge Gold Belt of Saskatchewan, the property hosts multiple historical deposits such as the Contact Lake Deposit, Preview SW Deposit, Preview North Deposit and the North Lake Deposit. Together, these provide shareholders with significant discovery potential across a well-endowed gold belt.
Mining at the Contact Lake Gold Mine, also referred to historically as the Bakos Gold Zone, took place from December 1994 through May 1998. The deposit was initially identified in 1984 by Saskatchewan Mining Development Corporation - later Cameco Corporation - during its Preview Lake Exploration Program. This program also led to the discovery of other nearby targets including Point Lake and the Preview SW Deposit.
The Contact Lake deposit lies near the meeting point of the La Ronge, Kisseynew and Glennie litho-structural domains and is hosted by the Little Deer Lake pluton, a composite pluton dominated by granitic and granodioritic rocks near its core. Composite plutons such as the Little Deer Lake pluton are often spacially associated with significant gold mineralization throughout the La Ronge Gold Belt.
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All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is placed in sealed poly bags with unique identification numbers and transported to ALS Global in Saskatoon, Saskatchewan for analysis, while the other half is archived and stored on site for verification and reference purposes.
At the lab, samples are received and digitally recorded then dried and pulverized into a fine powder. Gold is assayed using a 30g fire assay method and 49 additional elements are analyzed by Inductively Coupled Plasma (ICP) utilizing a 4-acid digestion. Quality Assurance and Quality Control (QAQC) samples including field blanks, duplicates and lab-certified standards are inserted in the sample stream at a rate of greater than 10% of all samples submitted to the lab. ALS Global also conducts their own internal QAQC protocol.
The scientific and technical data contained in this news release was reviewed and approved by Cornell McDowell, P.Geo., a non-independent “Qualified Person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource.
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website at
www.tridentresourcescorp.com
Jonathan Wiesblatt, Chief Executive Officer
Email: Jon.Wiesblatt@tridentresourcescorp.com
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@tridentresourcescorp.com
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This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the TSX Venture Exchange approval of the Agreement, expected results from the current drill program at Contact Lake Gold Project, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, equipment failures, failure to obtain or maintain all necessary government permits, approvals and authorizations, decrease in the price of gold, copper and other metals, the impact of viruses and diseases on the Company’s ability to operate, failure to obtain or maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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