Trident Resources Receives Drill Permits for its High-Grade Gold Projects Located in Saskatchewan; Plans for Upcoming Drill Programs
Trident Resources Corp (TSXV: ROCK, OTCQB: EROSD) has secured exploration permits from the Saskatchewan Ministry of Environment for its Contact Lake and Preview SW Gold Deposits. The company plans a 5,000-meter drill program this summer, with 3,800m at Contact Lake and 1,200m at Preview SW.
The Contact Lake mine, which produced 188,185 ounces of gold at 6.16 g/t Au between 1994-1998, has been dormant for nearly 30 years. Historical resources indicate 47,738 unmined gold ounces. The Preview SW Deposit hosts a historical resource of 273,000 indicated ounces at 1.56 g/t Au and 263,000 inferred ounces at 1.40 g/t Au.
Trident Resources Corp (TSXV: ROCK, OTCQB: EROSD) ha ottenuto i permessi di esplorazione dal Ministero dell'Ambiente della Saskatchewan per i suoi giacimenti auriferi Contact Lake e Preview SW. La società prevede un programma di perforazione di 5.000 metri per questa estate, con 3.800 metri a Contact Lake e 1.200 metri a Preview SW.
La miniera di Contact Lake, che ha prodotto 188.185 once d'oro a 6,16 g/t Au tra il 1994 e il 1998, è rimasta inattiva per quasi 30 anni. Le risorse storiche indicano 47.738 once d'oro non estratte. Il giacimento Preview SW ospita una risorsa storica di 273.000 once indicate a 1,56 g/t Au e 263.000 once inferite a 1,40 g/t Au.
Trident Resources Corp (TSXV: ROCK, OTCQB: EROSD) ha obtenido permisos de exploración del Ministerio de Medio Ambiente de Saskatchewan para sus depósitos de oro Contact Lake y Preview SW. La empresa planea un programa de perforación de 5,000 metros este verano, con 3,800 m en Contact Lake y 1,200 m en Preview SW.
La mina Contact Lake, que produjo 188,185 onzas de oro a 6.16 g/t Au entre 1994 y 1998, ha estado inactiva por casi 30 años. Los recursos históricos indican 47,738 onzas de oro sin extraer. El depósito Preview SW alberga un recurso histórico de 273,000 onzas indicadas a 1.56 g/t Au y 263,000 onzas inferidas a 1.40 g/t Au.
Trident Resources Corp (TSXV: ROCK, OTCQB: EROSD)는 Saskatchewan 환경부로부터 Contact Lake 및 Preview SW 금 광상에 대한 탐사 허가를 받았습니다. 회사는 이번 여름에 5,000미터 시추 프로그램을 계획하고 있으며, Contact Lake에서 3,800m, Preview SW에서 1,200m를 시추할 예정입니다.
Contact Lake 광산은 1994년부터 1998년까지 6.16 g/t Au에서 188,185 온스의 금을 생산했으며, 거의 30년간 휴면 상태였습니다. 역사적 자원은 47,738 온스의 미채굴 금을 나타냅니다. Preview SW 광상은 1.56 g/t Au에서 273,000 온스의 표시 자원과 1.40 g/t Au에서 263,000 온스의 추정 자원을 보유하고 있습니다.
Trident Resources Corp (TSXV: ROCK, OTCQB: EROSD) a obtenu des permis d'exploration du ministère de l'Environnement de la Saskatchewan pour ses gisements aurifères Contact Lake et Preview SW. La société prévoit un programme de forage de 5 000 mètres cet été, avec 3 800 m à Contact Lake et 1 200 m à Preview SW.
La mine de Contact Lake, qui a produit 188 185 onces d'or à 6,16 g/t Au entre 1994 et 1998, est restée inactive pendant près de 30 ans. Les ressources historiques indiquent 47 738 onces d'or non extraites. Le gisement Preview SW contient une ressource historique de 273 000 onces indiquées à 1,56 g/t Au et 263 000 onces présumées à 1,40 g/t Au.
Trident Resources Corp (TSXV: ROCK, OTCQB: EROSD) hat von dem Umweltministerium von Saskatchewan Erkundungsgenehmigungen für seine Contact Lake und Preview SW Goldlagerstätten erhalten. Das Unternehmen plant in diesem Sommer ein 5.000-Meter-Bohrprogramm, davon 3.800 m bei Contact Lake und 1.200 m bei Preview SW.
Die Contact Lake Mine, die zwischen 1994 und 1998 188.185 Unzen Gold mit einem Gehalt von 6,16 g/t Au förderte, ist seit fast 30 Jahren stillgelegt. Historische Ressourcen weisen auf 47.738 nicht abgebauten Goldunzen hin. Die Preview SW Lagerstätte verfügt über eine historische Ressource von 273.000 angezeigten Unzen bei 1,56 g/t Au und 263.000 vermuteten Unzen bei 1,40 g/t Au.
- First exploration at Contact Lake mine in almost 30 years, with historical high-grade production of 6.16 g/t Au
- 47,738 ounces of unmined historical gold reserves at Contact Lake
- Preview SW deposit contains substantial historical resources: 273,000 indicated and 263,000 inferred ounces
- Strong treasury to support 5,000m drilling program
- Historical drill results show potential for both bulk-tonnage and high-grade discoveries
- Historical resources are not compliant with current standards and require verification
- True thickness of drill intercepts not reflected in historical results
- Previous mine closure due to low gold prices indicates potential sensitivity to market conditions
Vancouver, BC, May 06, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV: ROCK) (OTCQB: EROSD) (“Trident” or the “Company”) is pleased to announce that the Saskatchewan Ministry of Environment has issued two exploration permits for the Contact Lake and Preview SW Gold Deposits. Both deposits are located on the Contact Lake Gold Property, one of Trident Resources’ three wholly owned gold and copper projects in Saskatchewan. Trident looks forward to conducting drill programs at the past producing Contact Lake mine site and the Preview SW deposit, which host historical gold resources. This will be the first exploration program at the Contact Lake mine site in almost thirty years.
Trident’s Project Portfolio Map:
https://www.tridentresourcescorp.com/projects/contact-gold-project/#&gid=1&pid=1
Jon Wiesblatt, Chief Executive Officer of Trident, commented: "Strategic capital continues to flow into the district, underscoring the immense potential of one of the last underexplored greenstone belts in Saskatchewan, Canada. With the drill permits now in hand, we will be finalizing plans for the upcoming program and will be mobilizing this summer with a strong treasury to conduct a 5,000m program. The Contact Lake mine site, home to a past producing, high-grade gold mine, has not been the recipient of any exploration work in many decades. The mine was closed in the late 1990’s due to low gold prices. With the strengthening gold price and the potential to expand the resource base Trident is in an excellent position to unlock significant value at the project. This is the initial step in determining how we advance to a much larger exploration program to test the regional potential.”
Contact Lake Gold Project Plan View:
https://www.tridentresourcescorp.com/_gallery/album-2/lg/ContactLakeGoldProject2.jpg
The exploration drill program will comprise approximately 5,000 metres and is scheduled to commence this summer at the Contact Lake mine site, where approximately 3,800m are planned. Drill activities will then move to the Preview SW deposit area where approximately 1,200m are planned. Further details on the upcoming drill campaign are forthcoming.
Contact Lake 2025 Planned Drilling Map:
https://www.tridentresourcescorp.com/_resources/images/Contact-Lake-2025-Exploration-Plans.jpg
The Contact Lake mine produced 188,185 ounces of gold from 1,006,673 tonnes of ore at a head grade of 6.16 g/t Au between 1994 to 1998 with an overall reported mill recovery rate of
See below a few historical assay results at Contact Lake that this 2025 drill program will follow up on:
| Contact Lake Gold Deposit - Historical Drill Intercepts | |||||
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Description |
| TU89-22 | 31.0 | 55.0 | 24.0 | 8.05 | length weighted average |
| TU89-102 | 73.0 | 121.1 | 48.1 | 3.93 | length weighted average |
| TU89-125 | 56.0 | 76.5 | 20.5 | 12.81 | length weighted average |
| TU89-127 | 39.5 | 57.8 | 18.3 | 10.41 | length weighted average |
| TU92-308 | 295.5 | 344.5 | 49.0 | 3.91 | length weighted average |
| TU90-146 | 205.3 | 205.9 | 0.6 | 2,616.00 | single assay |
| TU92-316 | 138.3 | 138.8 | 0.5 | 94.06 | single assay |
| Notes: *Analytical data sourced from Cameco historical records *Historical sampling was discontinuous - data gaps were assigned a zero value *Intervals are drilled intercepts and do not reflect true thickness | |||||
The Preview SW Deposit, located 2.4 km from the Contact Lake Deposit, is host to a historical (2022) mineral resource estimate based on a database of 191 drill holes for a total of 31,943 metres.
| Historical Gold Resources Estimate for Preview SW Deposit | |||||
| Deposit | Category | Tonnes | Grade (g/t Au) | Au Ounces | Cut-off Grade |
| Preview SW Deposit | Indicated | 5,457,000 | 1.56 | 273,000 | 0.4 g/t Au |
| Preview SW Deposit | Inferred | 5,852,000 | 1.40 | 263,000 | 0.4 g/t Au |
| Notes: *These Historical Mineral Resource values are estimates of quantity, grade and metal content of the deposits *Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability *Effective Date: October 31, 2022; a gold price of | |||||
Some significant historical assay results from Preview SW include:
| Preview SW Gold Deposit - Historical Drill Intercepts | |||||
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Description |
| PR86-17 | 66.9 | 115.4 | 48.5 | 3.71 | length weighted average |
| PR87-29 | 46.2 | 58.9 | 12.7 | 17.59 | length weighted average |
| PR87-31 | 24.7 | 60.2 | 35.5 | 5.60 | length weighted average |
| PR87-54 | 153.6 | 165.3 | 11.7 | 13.14 | length weighted average |
| Notes: *Analytical data sourced from Cameco historical records *Historical sampling was discontinuous - data gaps were assigned a zero value *Intervals are drilled intercepts and do not reflect true thickness | |||||
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, P.Geo., VP Exploration for Trident Resources as well as Qualified Person.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its
For further information, please contact:
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: Jon.Wiesblatt@tridentresourcescorp.com
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
www.tridentresourcescorp.com
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Forward-Looking Information and Statements
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.
FAQ
What are Trident Resources' (EROSD) exploration plans for 2025 at Contact Lake?
How much gold did the Contact Lake mine historically produce?
What are the historical gold resources at Preview SW deposit?
How many unmined gold ounces remain at Contact Lake according to historical estimates?
What were some notable historical drill results from Contact Lake?
