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

Core Insights - Trident Resources Corp. announced positive diamond drill results from the Contact Lake Gold Project, with significant gold intersections in the first three drill holes totaling 746 meters [1][4][5] - The results indicate high-grade gold mineralization, with drill hole CL25003 intersecting 7.03 grams per tonne (gpt) Au over 43.25 meters, including 30.06 gpt Au over 9.25 meters [1][6][20] - The exploration at Contact Lake is the first in nearly 30 years, and the company believes it has the potential to evolve into a significant gold asset within its portfolio [4][5] Drill Results Summary - Drill hole CL25003: 7.03 gpt Au over 43.25m, including 30.06 gpt Au over 9.25m [1][6][20] - Drill hole CL25002: 2.49 gpt Au over 29.61m, including 27.09 gpt Au over 2.21m [1][6][20] - Drill hole CL25001: 0.56 gpt Au over 29.50m [1][6][20] Geological Context - The mineralization was found below the Bakos shear structure, indicating significant gold values outside the historical mining footprint [5][7] - The geological setting and results at Contact Lake show similarities to early discovery phases of other successful Canadian gold projects [4][5] Project Potential - Contact Lake is one of five gold deposits in Trident's portfolio, located in Saskatchewan's La Ronge Gold Belt, which is considered underexplored [4][13] - The company sees a larger regional opportunity that could define one of Canada's next emerging gold camps [4][5] Financial Position - Trident Resources has approximately $12 million in cash and marketable securities, positioning the company well for continued exploration efforts [4][5]