Trident Resources Commences 10,000 Metre Winter Drilling Program at the Contact Lake Gold Project in the La Ronge Gold Belt of Saskatchewan
Globenewswire·2026-01-15 08:30

Core Viewpoint - Trident Resources Corp. has initiated a 10,000-metre winter diamond drilling program at the Contact Lake Gold Project to confirm historical gold mineralization, expand known zones, and explore new targets based on updated geological interpretations [1][3]. Group 1: Drill Program Details - The 2026 winter drill program follows a successful 2025 drill program that intersected high-grade gold and broad zones of alteration [3]. - The drill program will consist of approximately 10,000 metres across up to 40 drill holes targeting high-priority zones identified through structural mapping and geophysical surveys [8]. - Drilling will occur on both land and ice-based locations at the Contact Lake target area, as well as at the adjacent Preview SW deposit [8]. Group 2: Financial Position - The winter drill program is fully funded, with the company holding over $12 million in cash and marketable securities, ensuring a strong financial position for executing exploration plans [5]. Group 3: Historical Context and Potential - The Contact Lake site had not been explored for nearly 30 years prior to the 2025 drill program, indicating significant untapped potential [3]. - The CEO of Trident Resources expressed confidence that the Contact Lake project could become one of the more significant new gold projects in the La Ronge Gold Belt [5].