Trident Resources Initiates Exploration Program at Greywacke and Hailstone Properties in Saskatchewan

Core Insights - Trident Resources Corp. is launching a geological mapping and geochemical sampling program at its Greywacke and Hailstone properties in Saskatchewan to identify and expand known gold showings for future drill targeting [1][2] - The La Ronge Gold Belt is highlighted as an underexplored area with significant potential for multi-million-ounce gold deposits, particularly at the Greywacke property [3][10] Exploration Program - The upcoming field program will primarily focus on the Greywacke Property, which contains a historical mineral resource estimate from 2021 [2] - The Greywacke Gold Deposit extends several kilometers and includes known showings such as Lyons Zone, Hoover Lake, Wasp Lake, and Closure Lake [2][4] - Initial work will also commence at the Hailstone Property, for which the company has signed an option agreement to acquire a 100% interest [2] Geological Details - The Greywacke Lake Gold Project is located approximately 88 km northeast of La Ronge and covers 16,078 hectares [4] - The project area consists of three sub-parallel zones along a 7 km mineralization trend, with the Greywacke North Gold Deposit located in the North Zone [4] - Significant mineralized targets along the Wacke trend include Closure Lake and Lyons Zone Showings, which are hosted by the same geological unit as the Greywacke North Deposit [4][5] Resource Estimates - The Greywacke North Deposit has a historical mineral resource estimate of 101,000 ounces of gold at 4.90 g/t (Indicated) and 54,000 ounces at 4.24 g/t (Inferred) [7][8] - Other showings such as the Hoover Gold Showing and Wasp Lake Showing also contain visible gold and are geologically similar to the Greywacke North Deposit [5][6] Company Position - The company has expanded its initial drill program at the Contact Lake Gold Project from 5,000 meters to over 6,500 meters due to promising early visuals of mineralization [3] - Trident Resources is fully funded with over C$12.5 million in its treasury, indicating strong financial backing for its exploration activities [3]