Trident Resources expands Contact Lake drill program

Executive Summary

• Trident Resources is increasing its inaugural diamond‑drill program at the Contact Lake gold project from ~5,000 m to >6,500 m (≈18–20 holes).
• The expansion adds roughly 1,500 m (≈30 %) of drilling focused on extending known mineralization beneath historic underground workings and toward the unmined BK3 zone.
• The program remains fully funded; the company holds over $11 million in treasury and has already incurred lower‑than‑expected drilling costs.

Key Details

• Program Size: Original target ≈ 5,000 m → revised target > 6,500 m (≈18–20 drill holes).
• Additional Drilling: ~1,500 m increase (≈30 % of original plan).
• Funding: Fully financed; >$11 M cash on hand.
• Drill Objectives:
• Test extension of gold mineralization between historic underground workings and the unmined BK3 zone (~50 m NE of current drilling).
• Intersect Bakos shear at predicted position; encountered broad alteration/veining from hangingwall through shear into footwall.
• Seek shallow‑depth gold intercepts and deeper extensions beneath historic mine workings.
• Assay Status: Core split for geochemical analysis; assays pending.
• Cost Efficiency: Drilling costs lower than expected due to nearby infrastructure.
• Marketing Agreement Disclosure: Clarifies May 2025 engagement of Resource Stock Digest (RSD) – $115,000 three‑month awareness campaign + $10,000/quarter sponsorship (18‑month term). Total upfront payment $125,000.
• Qualified Person: Cornell McDowell, P.Geo., non‑independent QP under NI 43‑101 reviewed and approved technical data.

Notable Quotes

“Due to the early visual indications of mineralization and cost‑effective execution of the ongoing drilling program, Trident is adding an additional ~1,500 m… The additional metres will be focused on expanding the known footprint of the deposit… we expect ample news flow in the coming months from this drill program.” – Jonathan Wiesblatt, CEO, Trident Resources Corp.