Trident Resources Receives Drill Permits for its High-Grade Gold Projects Located in Saskatchewan; Plans for Upcoming Drill Programs
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V: ROCK: OTCQB: EROSD
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
May 6th, 2025
NEWS RELEASE
Trident Resources Receives Drill Permits for its High-Grade Gold Projects Located in
Saskatchewan; Plans for Upcoming Drill Programs
Vancouver, BC, May 6th, 2025 – 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 produc ing 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 met res 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 95%. The
Cameco Corporation Contact Lake Operations Final Report (1999) st ated that seven historical
resource blocks with a total of 47,738 contained ounces of gold were left unmined. Trident
Resources intends to investigate the unmined historical reserves (CESL estimate 1993) and
expand the deposit, which remains open along strike and at depth. Trident believes there is great
opportunity at Contact Lake given the existing underground infrastructure and tremendous
exploration potential. Analytical results from historical drill programs at the Contact Lake deposit
demonstrate the potential for both wide bulk-tonnage intercepts and high-grade discoveries.
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 $1,700.00 USD was used to calculate the MRE
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
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.
For further information, please contact:
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
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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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 forwa rd-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 result s 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. Pleas e see the public filings of the Company at www.sedarplus.ca for further
information.