Trident Resources (TSXV:ROCK, OTCQB: TRDTF) has announced an expansion of its inaugural drill exploration program at the company’s 100%-owned Contact Lake Gold Project in Saskatchewan.
The program, originally designed for 5,000 metres of diamond drilling, has been increased to more than 6,500 metres across 18 to 20 drill holes. According to the company, the decision was based on both drilling progress and visual indications of mineralization observed so far. Trident confirmed it has over C$11 million in treasury and is fully funded for the expansion.
Jonathan Wiesblatt, Chief Executive Officer of Trident, commented in a press release: “Due to the early visual indications of mineralization and cost-effective execution of the ongoing drilling program, Trident is adding an additional ~1,500 metres of drilling, bringing the total initial diamond drilling program to ~6,500 meters. The additional metres will be focused on the following:
- Expanding the known footprint of the deposit by drilling underneath the old mine workings, following up on historical drill holes which intersected high grade gold, and
- Closing the gap between the current known mineralization and its extension both down dip and laterally. The Company believes this program has the potential to add to the current know geological model with a minimal amount of additional drilling and positively impact the resource potential of the project.
Further, we expect ample news flow in the coming months from this drill program, technical report updates, and continued consolidation of properties in this prolific gold district.”
Highlights from the results are as follows:
- Excellent progress is being made with the drilling and costs are coming in lower than expected with nearby infrastructure helping to make the drilling more cost-efficient
- Encouraging visual mineralization has been seen in numerous drill holes prompting an expansion in the drilling program
- Additional ~1,500m drilling (~30%) increase to the current 5,000m program for a total over 6,500m in 18-20 drill holes planned
- The program remains fully funded with core samples being split and sent for analytical geochemical testing; assays are pending
Focus of the Drill Program
Exploration work at Contact Lake is aimed at confirming historical gold grades while also testing for new mineralized zones adjacent to and beneath historical underground mine workings. The additional 1,500 metres of drilling will specifically target:
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Expanding the footprint of the deposit beneath old mine workings by following up on earlier drill holes that intersected high-grade gold.
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Closing gaps in known mineralization, both laterally and at depth.
Company executives stated that the extra metres are intended to enhance the geological model of the project with minimal additional drilling. Trident also expects the results to potentially improve resource potential and generate steady news flow over the coming months, including technical report updates and ongoing property consolidation in the gold district.
Geological Context
Several drill holes in the program are designed to test continuity between the historical underground mine workings and the unmined BK3 Gold Zone, which lies about 50 metres to the northeast of current drilling. These holes intersected the Bakos shear at the predicted location, cutting through a broad zone of alteration and veining that extended from the hanging wall through the shear zone into the footwall.
The company indicated that the remainder of the drill program will also investigate shallow targets and test for deeper extensions of the Main Zone beneath the old underground mine.
Oversight and Standards
Cornell McDowell, P.Geo., reviewed and approved the technical information under National Instrument 43-101 standards. McDowell, who is not independent, visited the property multiple times in 2025 to assess historical infrastructure and assist with drill hole planning.
The drill program is being managed by Terralogic Exploration and incorporates a quality assurance and quality control system. Health and safety protocols mandated by the province are being followed, with participation from members of the Lac La Ronge Indian Band in the field program.
Marketing Arrangements
In addition to exploration updates, Trident also clarified details of a marketing arrangement originally disclosed in May. The company engaged Resource Stock Digest (RSD) for two investor relations and marketing programs, both starting May 28, 2025.
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The first program is a three-month awareness campaign costing USD $115,000, paid upfront.
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The second is a featured company sponsorship with an initial three-month term at USD $10,000 per quarter, set to run for 18 months unless terminated with 30 days’ notice.
The total upfront payment for both programs was USD $125,000.
Trident Resources said upcoming updates will include results from the expanded drill program, revisions to technical reports, and further property consolidation efforts in the Contact Lake area, a region historically known for gold mining activity.
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