Mike Fagan,
Editor
May 22, 2025
Trident Resources Corp. (TSX-V: ROCK)(OTCQB: TRDTF) — currently trading around C$0.65 per share in a strong gold-copper market — has received two exploration permits for its 100%-owned Contact Lake gold property located within the La Ronge Gold Belt in north-central Saskatchewan, a historically underexplored greenstone belt known for its gold potential.
Trident Resources — which was formed earlier this quarter through a three-way consolidation of Rockridge Resources, MAS Gold, and Eros Resources, combining high-grade gold and copper assets in Saskatchewan with a strong balance sheet and experienced team — is focused on advancing its 100%-owned gold and copper projects in Saskatchewan, including the Contact Lake, Greywacke Lake, and Knife Lake projects.
Trident’s Contact Lake and Greywacke Lake projects host historical gold resources while Knife Lake contains a historical copper resource.
The newly received permits — which were administered by the Saskatchewan Ministry of Environment — cover the past-producing Contact Lake mine site and the Preview SW Deposit, both of which host historical gold resources.
Trident Resources is on-track to commence a 5,000-meter drill program this summer with approximately 3,800 meters allocated to the Contact Lake mine site and 1,200 meters to the Preview SW Deposit area.
The program will mark the first modern exploration program at the Contact Lake mine site in nearly three decades.
Trident Resources CEO Jon Wiesblatt — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the upcoming drill program via press release:
“Strategic capital continues to flow into the district, underscoring the immense potential of one of the last underexplored greenstone belts in Saskatchewan, Canada. With the drill permits now in hand, we will be finalizing plans for the upcoming program and will be mobilizing this summer with a strong treasury to conduct a 5,000m program. The Contact Lake mine site, home to a past-producing, high-grade gold mine, has not been the recipient of any exploration work in many decades. The mine was closed in the late 1990s due to low gold prices. With the strengthening gold price and the potential to expand the resource base, Trident is in an excellent position to unlock significant value at the project. This is the initial step in determining how we advance to a much larger exploration program to test the regional potential.”
Flagship: Contact Lake Gold Project
The Contact Lake gold project covers 14,121 hectares across 10 mineral claims in Saskatchewan’s La Ronge Gold Belt; ~3,800 meters of drilling planned for summer 2025.
Positioned at the intersection of three major geological domains within the Reindeer Zone, the project includes four key deposits — Contact Lake, Preview SW, Preview North, and North Lake — plus the advanced-stage Point Lake Target.
The site produced over 188,000 ounces of gold between 1994 and 1998 from ~1 million tonnes of ore at a reported head grade of 6.16 g/t Au at a mill recovery rate of 95%.
A 1999 final report from previous operator Cameco noted seven historical resource blocks containing 47,738 ounces of gold that were left unmined with the deposit remaining open along strike and at depth.
With existing underground infrastructure and multiple targets showing potential for both bulk-tonnage and high-grade gold, Contact Lake represents a cornerstone of Trident’s strategy to consolidate and advance gold assets in this underexplored but highly prospective district.
Preview SW Deposit
The 843-hectare Preview SW Deposit boasts an updated (2022) Historical Indicated Mineral Resource of 5.46 million tonnes at 1.56 grams per tonne (g/t) gold (273,000 ounces) and an Historical Inferred Resource of 5.85 million tonnes at 1.4 g/t gold (263,000 ounces) using a 0.4 g/t Au cut-off.
Nearby infrastructure includes powerlines extending from the Contact Lake Deposit with the community of Missinipi situated 30 km to the north.
Drill programs in 2017, 2018, and 2022 confirmed mineralization continuity and identified new gold zones, leading to a significant increase in Historical Indicated Resources.
Approximately 1,200 metres of drilling are planned at Preview SW immediately following the upcoming ~3,800-meter summer program at Contact Lake (~5,000 meters combined; slated to commence in July).
Greywacke Lake Gold Project
The Greywacke Lake gold project covers 16,078 hectares across 6 claims and is located 88 km northeast of La Ronge and 22 km northeast of Missinipe.
The project hosts the Greywacke North Deposit with a historical resource estimate. Mineralization is concentrated along the 7 km Wacke Trend, which includes multiple targets — Closure Lake, Lyons Zone, Hoover, Wasp Lake, and Shandy Lake — featuring sulfide-rich mineralization and visible gold (VG).
These showings indicate continuity of mineralization and highlight strong exploration potential along strike and across multiple prospective zones.
Knife Lake Copper VMS Project
Trident’s Knife Lake project is an advanced-stage copper-dominant VMS system in northeastern Saskatchewan spanning 56,565 hectares across 82 claims.
The project hosts a near-surface stratabound deposit with an NI 43-101 historical mineral resource estimate. Over 400 drill holes and recent exploration — including 2021-22 drilling and a VTEM geophysical survey — support the presence of a 4 km mineralized zone with an average width of 300 meters.
Recent drilling at the Knife Lake Deposit returned highlights of 15.9 meters at 1.93% Cu and 2.35% copper equivalent (CuEq). A 3D geophysical model has identified 15 km of conductive anomalies across favorable stratigraphy offering strong expansion potential.
As you’re about to discover in our exclusive interview with Trident CEO Mr. Jon Wiesblatt, the team estimates the property to host ~200 Mlbs Cu at surface with grades ranging between 0.7% and 1%.
With permits secured, drills mobilizing, and multiple historical resource targets set to be tested, Trident Resources (~C$18M market cap; ~C$8M working capital) is positioned for a catalyst-rich second half of 2025 that could significantly advance its impressive Au-Cu project portfolio and unlock meaningful value for early-stage speculators.
Now as promised, and for a much deeper dive, our own Gerardo Del Real of Junior Resource Monthly caught up with Trident Resources CEO Jon Wiesblatt to discuss the team, the portfolio, and the upcoming summer drill program at Contact Lake and Preview SW. Please enjoy!
For additional information on Vancouver-based Trident Resources, please contact the company’s IR department at info@tridentresourcescorp.com.
Visit the Trident Resources corporate website and sign up to receive updates directly from the company here. View the most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Trident Resources
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