Trident Resources

Trident Resources reports encouraging gold intercepts at Contact Lake, extending mineralization below historical mine depths. Their 2025 program revealed significant gold grades and widths, with a new 10,000-meter drill program underway to further explore this deep potential. This initiative underscores confidence in the project’s capacity to become a major high-grade gold deposit.

Trident Resources has initiated a 10,000-meter winter drilling program at its Contact Lake Gold Project in Saskatchewan. The campaign aims to test historical gold mineralization, expand known zones, and discover new targets, building on previous successful drilling. The company, holding over $12 million in cash, views Contact Lake as a highly prospective asset in the prolific La Ronge Gold Belt. Recent drilling has already revealed significant high-grade gold intercepts.

Trident Resources appoints seasoned geologist Tim Termuende as Chairman, a strategic move to leverage his extensive experience in the La Ronge Gold Belt. With over 45 years in mineral exploration and a proven track record in value creation, Termuende’s leadership is expected to drive the advancement of Trident’s gold and copper assets, particularly the Contact Lake Project. This appointment signifies a strong push for growth and shareholder value in 2026.

Eagle Plains Resources clarified its property sale agreement with Trident Resources, involving four Saskatchewan claim blocks (16,245 hectares) sold for $14,730. Eagle Plains retains a 2% Net Smelter Royalty. The deal is classified as non-arms length due to a common director, Tim Termuende. Exemptions from formal valuation and minority shareholder approval were granted under MI 61-101 because the transaction value is less than 25% of Eagle Plains’ market capitalization. The TSX Venture Exchange still considers it a reviewable transaction.