Trident Resources Announces Completion of High-Resolution Airborne Geophysical Survey over the Reindeer Gold Property and the Commencement of a Tightly-spaced Drone Magnetic Survey at Contact Lake
Trident advances large-scale exploration in Saskatchewan’s La Ronge Gold Belt while accelerating to full ownership of the Reindeer Gold Project.
Rhea-AI Summary
Trident Resources (TRDTF) has completed a 6,600-line kilometre fixed-wing radiometric and magnetic survey over its 29,300-hectare Reindeer Gold Project and begun a tightly spaced drone magnetic survey at the Contact Lake Gold Property.
The Reindeer survey, flown on 50 m lines with 250 m tie-lines, covers the full property along the Duck Lake Shear Zone and strands of the Tabbenor Fault System in Saskatchewan’s La Ronge Gold Belt. At Contact Lake, a 25 m line-spacing drone survey is covering an 8 km² area including the past-producing mine and structurally complex zones with gold-in-soil and rock anomalies. In 2026, over 2,500 soil samples have already been collected within the drone survey area and a broader 9,000-sample soil program is underway at Contact Lake and the nearby Preview project. The summer drill program at Contact Lake has passed 11,000 m of a planned 20,000 m. Trident has also accelerated its earn-in and issued 1,000,000 shares to Reinco Exploration to secure a 100% interest in the Reindeer Project.
Positive
- Airborne survey completed over entire 29,300 ha Reindeer Project, totaling 6,600 line km
- High-resolution data from 50 m line-spacing survey to refine structural and lithologic targets
- Drone magnetic survey started at Contact Lake, 25 m line spacing over 8 km²
- Drilling progress at Contact Lake surpasses 11,000 m of planned 20,000 m 2026 program
- Extensive soil sampling 2,500+ samples in drone area and 9,000-sample program at Contact Lake and Preview
- Reindeer ownership increased to 100% via accelerated completion of earn-in with Reinco
Negative
- Share dilution from issuance of 1,000,000 common shares to Reinco to complete Reindeer acquisition
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, BC, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF) (Frankfurt: 6BP0) (“Trident” or the “Company”) is pleased to announce that the fixed-wing low level tight drape high resolution radiometric and magnetic survey over the Reindeer Gold Project (the “Reindeer Project”) has been completed. The survey comprised over 6,600-line km and covered the entirety of the early stage 29,300-hectare property located in Saskatchewan’s underexplored La Ronge Gold Belt (“LRGB”).
Reindeer Gold Project Survey Details:
The Reindeer Project is host to multiple documented mineral occurrences and straddles over 40km of the Duck Lake Shear Zone, an important geologic structure that marks the contact between the La Ronge and Kisseynew lithostructural domains. This boundary is intimately associated with several past-producing mines, existing gold deposits and numerous gold occurrences throughout the LRGB.
The combined radiometric and magnetic survey featured 50m line spacing with 250m tie-lines to produce high-resolution data that will help to delineate lithologic boundaries and geologic structures that could host undiscovered gold deposits. The survey area at Reindeer also features three distinct strands of the regional Tabbenor Fault System, host to SSR’s Seabee Gold Project located 80km south of Reindeer.
Reindeer Project Map:
https://www.tridentresourcescorp.com/_resources/maps/Reindeer-Property-Map.jpg
Contact Lake Drone Magnetic Survey:
In addition to the airborne geophysical survey over Reindeer, Trident also announces that a tightly spaced (25m) drone magnetic survey is underway at the Contact Lake Gold Property. The drone-based survey will cover a large (8 km2) area that includes the Contact Lake mine site and an area that hosts intersecting shear structures with coincident gold-in-soil and gold-in-rock anomalies.
In 2026, Trident has already completed over 2500 soil samples in the area encompassed by the drone survey. The combined surface, magnetic and existing drill data will be used to understand the controlling structures and locate near-term drill targets at Contact Lake.
Contact Lake 2026 Exploration Program Update:
The 2026 summer drill program at Contact Lake has just surpassed 11,000m of an anticipated 20,000m. Drilling is focused on extending the known high-grade mineralization at depth and along strike.
In addition to the ambitious drill program, Trident is conducting a comprehensive soil sampling program (9000 samples) at both Contact Lake and the adjacent Preview project, which hosts the Preview SW and Preview North deposits.
Soil grids at Preview will cover highly prospective areas along the Preview mineralized trend between the two deposits and southwest of Preview SW, where existing magnetic survey data outlines compelling exploration targets.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
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 approx. 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 to 1998.
At the time of mine closure, the price of gold hovered around
Along with the Greywacke North deposit (located by road 40km northeast of Contact Lake), these four deposits are wholly-owned by Trident Resources and host current Mineral Resource Estimates (Trident news release November 24, 2025) which do not include any gold-related ounces from the past-producing Contact Lake target area.
District-Scale Exploration Strategy:
Trident intends to advance its assets in the under-explored 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 forms the thesis of Trident’s exploration strategy.
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
“We continue to build out the compelling district and regional-scale potential of the La Ronge Gold Belt,” said Jon Wiesblatt, CEO of Trident Resources. “Our expansive land position of nearly 100,000 hectares gives Trident a critical competitive advantage in this emerging gold district, underpinning a resource base of over 2.0 million ounces across four wholly-owned deposits – and notably, this figure excludes any ounces from our past-producing, high-grade Contact Lake gold mine, which we believe holds substantial additional upside.
With a strong balance sheet and a fully funded 2026 exploration program, Trident is well positioned to aggressively advance its district-scale strategy. Looking ahead, shareholders can expect a steady stream of catalysts over the remainder of the year, including assay results from our 20,000 metre summer and fall drill programs, as we work to unlock the full potential of the belt.”
Reindeer Project Acquisition Details:
The Company elected to accelerate its earn-in on the Reindeer Project and has issued 1,000,000 common shares of the Company to Reinco Exploration Limited ("Reinco") to complete the acquisition of a
Under the option agreement dated September 8, 2025, Trident could earn up to a
Having already completed the first stage, the Company has now opted to accelerate and complete the remaining two stages together, issuing the combined 1,000,000 common shares to bring its interest in the Reindeer Project to
All shares issued to Reinco remain subject to a four-month statutory hold period in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
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 and the Qualified Person for Trident as defined by NI 43-101.
About Trident Resources Corp.
Trident Resources Corp. 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 the 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
To find out more about Trident Resources Corp. (TSX-V: ROCK) visit the Company’s website at www.tridentresourcescorp.com.
TRIDENT RESOURCES CORP.
“Jon Wiesblatt”
Jonathan Wiesblatt
CEO and Director
For further information, please contact:
Jonathan Wiesblatt, Chief Executive Officer
Email: Jon.Wiesblatt@tridentresourcescorp.com
Or:
Lubica Keighery, Corporate Communications
Email: lubica.keighery@tridentresourcescorp.com
Trident Resources Corp.
Telephone: 778-889-5476
Toll Free: 800-567-8181
Facsimile: 604-687-3119
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the technical parameters and objectives of the Reindeer Gold Project airborne survey?
The Reindeer Gold Project survey was a fixed-wing, low-level, tight-drape radiometric and magnetic program totaling over 6,600 line km. It used 50 m line spacing with 250 m tie-lines over the entire 29,300-hectare property. The data are intended to delineate lithologic boundaries and geological structures, including segments of the Duck Lake Shear Zone and strands of the Tabbenor Fault System, that could host undiscovered gold deposits.
What work is being carried out in the 2026 exploration program at Contact Lake and Preview?
The 2026 summer drill program at Contact Lake has surpassed 11,000 m of an anticipated 20,000 m, targeting extensions of known high-grade mineralization at depth and along strike. Trident is also running a comprehensive soil sampling program of 9,000 samples across Contact Lake and the adjacent Preview project. Soil grids at Preview cover prospective areas along the Preview mineralized trend between the Preview SW and Preview North deposits and southwest of Preview SW, guided by existing magnetic survey targets.
What are the terms and timeline of Trident’s earn-in and acquisition of the Reindeer Project?
Under a September 8, 2025 option agreement, Trident could earn 100% of Reindeer in three stages: a 50% interest via a $35,000 cash payment and 1,000,000 shares at closing; a 75% interest via a further 500,000 shares within one year; and a 100% interest via a final 500,000 shares within two years. Having completed the first stage, Trident elected to accelerate the remaining two stages together, issuing a combined 1,000,000 shares to Reinco to reach 100% ownership ahead of the original schedule.
What is the scale and historical context of the Contact Lake Gold Project?
The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake mine, which produced about 190,000 ounces of gold at an average head grade of 6.16 g/t Au between 1994 and 1998, when gold prices were around $300/oz (USD). The property, within Saskatchewan’s La Ronge Gold Belt, also hosts the Preview SW, Preview North and North Lake orogenic gold deposits, and, together with Greywacke North, these four deposits carry current Mineral Resource Estimates that exclude any ounces from the past-producing Contact Lake target area.
How does Trident describe its district-scale strategy in the La Ronge Gold Belt?
Trident intends to advance its assets in the underexplored La Ronge Gold Belt through drilling, prospecting, surface sampling and geophysical surveys over a 98,700-hectare land package. The company focuses on areas near the boundary between the La Ronge and Kisseynew lithostructural domains, which it views as a compelling exploration corridor. In the company’s words, this district-scale position underpins a resource base of over 2.0 million ounces across four wholly owned deposits, excluding any ounces from the past-producing Contact Lake mine.