Northwire Canada EditionWednesday, August 5, 2026
Northwire
SGZ 0.040 +0.0% SGML 14.80 −4.5% DEF 0.180 +9.1% UCU 3.39 −1.7% BBB 0.660 −2.9% PML 1.70 +2.4% GR 0.075 +15.4% GSKR 3.41 +3.6% LAR 8.98 −0.8% LSTR 0.085 +21.4% NTH 0.160 −3.0% BVA 0.880 +6.0% OTMC 0.400 +14.3% GPAC 0.335 +8.1% LEGY 0.940 +0.0% CVB 0.150 +0.0% SGZ 0.040 +0.0% SGML 14.80 −4.5% DEF 0.180 +9.1% UCU 3.39 −1.7% BBB 0.660 −2.9% PML 1.70 +2.4% GR 0.075 +15.4% GSKR 3.41 +3.6% LAR 8.98 −0.8% LSTR 0.085 +21.4% NTH 0.160 −3.0% BVA 0.880 +6.0% OTMC 0.400 +14.3% GPAC 0.335 +8.1% LEGY 0.940 +0.0% CVB 0.150 +0.0%
Resource Estimate

Trident Resources files updated MRE report for La Ronge

ROCK · Price

Executive Summary

  • Trident Resources filed an NI 43‑101 technical report confirming a 18% increase in indicated gold ounces and a 190% increase in inferred gold ounces across its four La Ronge deposits.
  • Combined indicated resources now total 896,500 oz Au; combined inferred resources total 1,129,600 oz Au.
  • A fully funded winter drilling program of at least 10,000 m has been mobilized for the Contact Lake project, which is expected to be a significant catalyst.

Key Details

  • The updated MRE was prepared by Bird Resource Consulting Corp. (BRCC) and filed on SEDAR+ with an effective date of Nov 6 2025.
  • Resource upgrade calculations used a gold price of US$2,600/oz (previously US$1,500‑$1,700/oz).
  • Indicated resources: 896,500 total ounces across Preview SW, Preview North, Greywacke and North Lake deposits.
  • Inferred resources: 1,129,600 total ounces across the same four deposits.
  • Fall drilling at Contact Lake completed 13 of 19 holes; notable result from hole CL250037.03 g/t Au over 43.25 m, including 30.06 g/t Au over 9.25 m. (These results are not yet included in the MRE.)
  • A minimum 10,000‑metre winter drilling program at Contact Lake has been announced; equipment and team mobilization have begun.
  • Qualified Person: Cornell McDowell, P.Geo., Vice‑President of Exploration, reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“This updated mineral resource estimate represents a meaningful step forward for Trident, demonstrating substantial growth in gold ounces and improved confidence across our La Ronge gold belt deposits.” – Jon Wiesblatt, CEO, Trident Resources


Materiality Assessment: Material – Positive (significant increase in both indicated and inferred resources and initiation of a funded drilling program that could materially affect future valuation).

Read the original news release →

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