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Trident Resources Corp
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Close 2026-08-05 C$ 3.43
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Trident drills 6,500 m at Contact Lake to date

2026-08-05 16:44 ET - News Release

Mr. Jonathan Wiesblatt reports

TRIDENT RESOURCES PROVIDES LA RONGE GOLD BELT EXPLORATION UPDATE AND APPOINTS INDIGENOUS ENGAGEMENT CONSULTANT

Trident Resources Corp. has provided an update on the current drilling and field reconnaissance programs at its La Ronge gold belt properties (LRGB) in Northern Saskatchewan and appointed T Global Consulting Services to support the company's indigenous and community engagement initiatives.

Contact Lake drill program updates

The current drill program at Contact Lake has completed nine drill holes for a total of 6,500 metres, with assays pending, of an anticipated 20,000 metres across approximately 35 drill holes. The program is building on successful fall 2025 and winter 2026 phases of drilling, which returned significant high-grade gold intercepts and further demonstrated the scale and potential of the Contact Lake system. The company is very pleased with the progress and visual indications of mineralization at depth thus far in the summer drill program.

The Main zone (BK1) and the Southwest zone (BK2) represent former high-grade, past-producing areas of the historical Contact Lake gold mine, which was owned and operated by Cameco in the 1990s. Earlier this year, Trident's drilling encountered high-grade gold mineralization in the BK3 zone while more recently intersecting prospective zones at depths that now exceed 800 metres in the Bakos shear zone, the main host of mineralization at Contact Lake. This next phase of the 2026 summer/fall drill program will focus on discovering new gold mineralization at depth beneath BK1, extending mineralization along strike at BK2 to the southwest, and testing the continuity of high-grade gold between the BK1 and BK3 zones to the northeast.

District-scale exploration strategy

Trident intends to advance its assets in the underexplored LRGB through focused drilling, prospecting, surface sampling and geophysical surveys to unlock potentially immense value in an emerging gold-rich district.

Trident's large land package of 98,700 hectares within the LRGB is strategically located to cover numerous mineral occurrences associated with the highly prospective boundary between the La Ronge and Kisseynew lithostructural domains, a compelling exploration target area that helps form the thesis of Trident's exploration strategy.

Contact Lake and Preview area soil sampling program

Concurrent with the drill program at Contact Lake, Trident is conducting a comprehensive regional soil sampling program at Contact Lake and at the adjacent Preview target area, located 2.5 kilometres to the southeast on a parallel shear structure. Thus far, 5,700 soil samples have been taken and sent for analysis from an anticipated 9,000 total samples.

Soil sampling will cover a highly prospective and underexplored area immediately southwest of the Contact Lake deposit that hosts the structural intersection of the Bakos and Keya shear zones. At Preview, a soil grid comprising 2,500 samples will provide valuable surface data along the Preview trend between the Preview SW and Preview North deposits, both of which host current mineral resource estimates.

Regional field exploration program

In addition to the soil sampling program, Trident will be conducting regional prospecting to evaluate multiple documented gold occurrences across its entire LRGB land package with the intention to develop near-term drill targets. Trident also plans to complete an extensive airborne magnetic and radiometric geophysical survey over its early-stage Reindeer property, which straddles the northern extension of the important La Ronge-Kisseynew lithostructural boundary.

"This summer and fall program is a pivotal step in advancing and scaling the Contact Lake deposit," said Jonathan Wiesblatt, chief executive officer of Trident Resources. "We're not just drilling to expand what Cameco found decades ago; we're testing new targets, including the depth and strike extensions of BK1 and BK2 and the continuity between BK1 and BK3, to define a much larger mineralized system beneath a mine that was closed with substantial gold resources left in the ground.

"Upon completion of this program, Trident will have drilled more than 40,000 metres across the La Ronge gold belt since our founding just 16 months ago, a pace that reflects both the quality of our land package and our conviction in this district. With over two million ounces of gold already in a global resource outside of the Contact Lake target area and a healthy treasury to fund all 2026 exploration plans, Trident is well positioned to continue executing on the vision of proving up a new Canadian gold district."

- "We believe Contact Lake is only one piece of a much larger opportunity, and our goal is to advance Trident as a regional-scale exploration company in this emerging new gold jurisdiction in Canada -- one with geological potential analogous to Red Lake, the Abitibi and the Golden Triangle. The La Ronge gold belt remains significantly underexplored, and we intend to be the company that unlocks the district-scale potential."

Indigenous and community engagement

Trident has engaged T Global Consulting Services (TGC), an indigenous-owned consulting firm based in Northern Saskatchewan, to support the execution of the company's community and indigenous engagement strategy. TGC is led by founder and principal consultant Tia Watt, a member of the Lac La Ronge Indian Band who brings extensive knowledge of Northern Saskatchewan communities and a strong background in business leadership, entrepreneurship and community development.

In her role, Ms. Watt will serve as a liaison between Trident and indigenous rightsholders, Metis Nation/Saskatchewan Northern Region 1, municipalities, local governments, land users, and other regional stakeholders. Her work will support transparent communication, early and culturally respectful engagement, community information sessions and site visits, and the integration of community considerations into the company's exploration and broader project planning.

Contact Lake gold project overview

The Contact Lake gold project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approximately 190,000 ounces of gold at an average head grade of 6.16 grams per tonne gold during active mining operations between 1994 and 1998. At the time of mine closure, the price of gold hovered around $300 (U.S.) per ounce and Cameco Corp. reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge gold belt of Saskatchewan, the Contact Lake property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits.

Along with the Greywacke North deposit (located by road 40 kilometres northeast of Contact Lake), these four deposits are wholly owned by Trident Resources and host current mineral resource estimates (Trident news release dated Nov. 24, 2025) that do not include any gold-related ounces from the past-producing Contact Lake target area.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Cornell McDowell, PGeo, vice-president, exploration, for Trident Resources and the qualified person for Trident as defined by NI 43-101.

About Trident Resources Corp.

Trident Resources is a Canadian gold exploration company focused on advancing district-scale opportunities in Saskatchewan's La Ronge gold belt. The company has assembled a large and strategic land position encompassing several gold projects, which host foundational gold resources, together with a growing portfolio of highly prospective regional exploration properties.

Trident's current exploration focus is at the 100-per-cent-owned Contact Lake gold project, host to a past-producing, high-grade gold mine, where active drill programs are under way to expand known mineralization and unlock the broader district-scale potential of the belt. Backed by a strong treasury as well as an experienced technical and capital markets team, Trident is advancing multiple opportunities with the goal of becoming a leading explorer in one of Canada's emerging gold districts

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