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Saskatchewan gold miner sees potential for world-class deposit

Market News, Mining
TSXV:ROCK
20 January 2026 10:40 (EST)

Trident Resources mining for gold in Saskatchewan. (Source: Microsoft Copilot. Generated by AI)

Trident Resources (TSXV:ROCK) released results from the final six drillholes from its 2025 program at its Contact Lake project in Saskatchewan, further substantiating the potential for a large orogenic gold system.

The 6,838-m, 19-drillhole program successfully identified gold below the Main zone of the Bakos Shear zone, the primary host of mineralization on the project, as highlighted by:

The 22,790-hectare project hosts the past-producing Contact Lake mine, which produced about 190,000 ounces of gold at an average head grade of 6.16 g/t gold between 1994 to 1998, in addition to the Preview SW, Preview North and the North Lake deposits, all of which – alongside the Greywacke North deposit 40 km to the northeast – boast mineral resource estimates combining for more than 2 million ounces indicated and inferred.

Trident is aiming to follow-up these high-grade results with a fully funded, 10,000-m drilling program, which is now underway to extend historical mineralization left unmined following Contact Lake’s closure due to a low gold price of only US$300 per ounce.

Management commentary

“These results are very important for Trident as they clearly demonstrate the potential to significantly expand gold mineralization at depth, well below the historical mine workings developed by Cameco in the 1990s,” Jon Wiesblatt, chief executive officer of Trident Resources, said in Tuesday’s news release. “These first few deeper holes illustrate the discovery potential beneath the old infrastructure and reinforce our belief that Contact Lake is a large, robust orogenic gold system with the capacity to evolve into a world-class, high-grade deposit, similar to those at other major greenstone gold camps in Canada. Advancing exploration at depth will remain a key priority for the company, and these results provide strong validation for the follow-up drilling planned in our ongoing programs at the project.”

About Trident Resources

Trident Resources acquires, explores and develops advanced-stage gold and copper projects in Saskatchewan, Canada. Besides the company’s gold projects mentioned above, it is also advancing its Knife Lake project, which houses a historical copper resource.

Trident Resources stock (TSXV:ROCK) is up by 4.01 per cent trading for C$3.63 as of 9:34 am ET. The stock has added more than 500 per cent since adopting the Trident name in April 2025.

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