Trident Resources Initiates Exploration Program at Greywacke and Hailstone Properties in Saskatchewan

Rhea-AI Summary

Trident Resources (OTCQB:TRDTF) has announced the launch of a geological mapping and geochemical sampling program at its Greywacke and Hailstone properties in Saskatchewan's La Ronge Gold Belt. The Greywacke Gold Deposit currently holds a historical resource of 101,000 oz gold at 4.90 g/t (Indicated) and 54,000 oz gold at 4.24 g/t (Inferred).

The company is well-funded with C$12.5 million in treasury and has expanded its Contact Lake Gold Project drill program from 5,000 to 6,500 meters across 18-20 drill holes. The 16,078-hectare Greywacke project features multiple gold showings along a 7 km Wacke Mineralization Trend, including the Closure Lake, Lyons Zone, Hoover Gold, Wasp Lake, and Shandy Lake showings.

[ "Strong treasury position with C$12.5 million in cash", "Expanded drill program from 5,000m to 6,500m due to promising mineralization", "Historical gold resource of 155,000 oz across Indicated and Inferred categories", "100% ownership of large 16,078-hectare property position", "Multiple gold showings along 7km mineralization trend" ]

Positive

• None.

Negative

• Historical resource estimate is outdated (from 2021)
• Property has seen limited exploration in past 50 years
• Project requires road access via 11 km access trail from highway

News Market Reaction

-3.96%

1 alert

-3.96% News Effect

On the day this news was published, TRDTF declined 3.96%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, BC, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce it is launching a geological mapping and geochemical sampling program at its 100%-owned Greywacke and Hailstone properties in Saskatchewan. This program will focus on identifying and expanding known gold showings to support future drill targeting. Trident sees strong potential in the underexplored La Ronge Gold Belt, which hosts multiple gold deposits but has seen limited exploration in the past 50 years.

Fall 2025 Exploration Program:

The upcoming field program will focus on the Greywacke Property, which hosts the Greywacke Gold Deposit. This deposit contains a historical (2021) mineral resource estimate of:

•  101,000 oz. of gold @ 4.90 g/t (Indicated Mineral Resources)
• 54,000 oz. of gold @ 4.24 g/t (Inferred Mineral Resources)

Gold mineralization at Greywacke extends for several kilometers both northeast and southwest, including at known showings such as Lyons Zone, Hoover Lake, Wasp Lake, and Closure Lake. Trident will also begin initial work at the nearby Hailstone Property, for which Trident recently signed an option agreement to acquire a 100% interest.

Greywacke Lake Gold Project Location Map:
http://www.tridentresourcescorp.com/_resources/maps/Greywacke-Lake-Gold-Project.jpg

Jonathan Wiesblatt, Chief Executive Officer of Trident, commented: “The La Ronge Gold Belt is underexplored and has the potential to host multiple multi-million-ounce gold deposits. Greywacke is particularly promising and could quickly grow in size with minimal drilling. That makes it one of the top priorities for the company moving forward. In parallel, Trident has expanded its initial drill program at the Contact Lake Gold Project from 5,000 meters to over 6,500 meters in 18–20 drill holes. This decision was based on promising early visuals of mineralization. The Company is fully funded, with over C$12.5 million in its treasury.

Further, we expect ample news flow in the coming months from this drill program, technical report updates related to the company’s ongoing Mineral Resource Estimate (MRE) work, and continued consolidation of properties in this prolific gold district.”

Geological Discussion:

The Greywacke Lake Gold Project is located approximately 88 km northeast of La Ronge and 22 km northeast of the community of Missinipe. Road access to the 16,078-hectare (6 claims) project is available via an 11 km access trail that branches southeast from Highway 102. The main project area is comprised of three sub-parallel zones, North, Central and South that are part of the 7 km Wacke Mineralization Trend. The Greywacke North Gold Deposit is located in the North Zone and hosts a historical Mineral Resource Estimate (2021). Other mineralized targets along the Wacke trend include:

The Closure Lake and Lyons Zone Showings are located 930m and 1,200m along strike to the southwest of the Greywacke North Deposit. These showings are hosted by the same biotite arenite unit that hosts the Greywacke North Deposit. Mineralization consists of a combined 3% pyrite + pyrrhotite and 5% magnetite disseminations and fracture fillings with associated fine-grained (non-visible) gold.

The Hoover Gold Showing is located 3.5 km northeast of the Greywacke North Deposit. The stratiform 5m x 15m gold showing consists of two auriferous zones within a sulfide rich biotite arenite unit that hosts up to a combined 5% pyrite + pyrrhotite. Gold occurs as visible grains and intergrowths with the sulfides.

The Wasp Lake Showing is located 2.4 km northeast of the Hoover Gold Showing. This stratiform showing, which is on strike and geologically identical to the Greywacke North Gold Deposit, consists of an auriferous zone within a sulfide-rich biotite arenite with up to 5% pyrite + pyrrhotite and gold that occurs as visible grains and intergrowths with the sulfides. 

The Shandy Lake Showing is located 1.5 km northwest of the Greywacke North Deposit in a series of metasedimentary rocks that have been intruded by a Berven Lake diorite intrusion. The showing is hosted in a series of 1m to 3m wide subvertical ENE trending sub-parallel shears that form a 50m wide zone of deformation that follows the contact between the diorite and the adjacent lapilli tuffs. Pyrite and associated gold are found as disseminations and fracture fillings in quartz veins within the shear zone.

Qualified Person:

The scientific and technical data contained in this news release was reviewed and approved by Cornell McDowell, P.Geo., a non-independent “Qualified Person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Property.

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 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource.

To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website at www.tridentresourcescorp.com

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
Email: info@tridentresourcescorp.com


NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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 is the current gold resource at Trident Resources' Greywacke deposit?

The Greywacke deposit has a historical (2021) resource of 101,000 oz gold at 4.90 g/t in Indicated category and 54,000 oz gold at 4.24 g/t in Inferred category.

How much cash does Trident Resources (TRDTF) have in 2025?

Trident Resources has C$12.5 million in its treasury as of October 2025.

What is the size of Trident's planned drill program at Contact Lake?

Trident has expanded its drill program at Contact Lake from 5,000 meters to over 6,500 meters across 18-20 drill holes due to promising early mineralization visuals.

Where are Trident Resources' Greywacke and Hailstone properties located?

The properties are located in the La Ronge Gold Belt in Saskatchewan, with Greywacke situated approximately 88 km northeast of La Ronge and 22 km northeast of Missinipe.

What is the total land package size of Trident's Greywacke Project?

The Greywacke Project comprises 16,078 hectares across 6 claims in Saskatchewan.