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Trident Resources Corp.

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Trident Resources Corp.

Investor website: https://www.tridentresourcescorp.com/

About

Trident Resources Corp. is a Canadian gold exploration company focused on advancing district scale opportunities in the La Ronge Gold Belt of northern Saskatchewan. The company has assembled a large and strategic land position in a belt that hosts past producing mines, known gold deposits, and extensive areas that have seen limited modern exploration. Trident’s portfolio includes the Contact Lake and Greywacke gold projects along with a growing regional land package covering prospective geology across the belt. Through systematic exploration and active drilling programs, the company is working to expand known mineralization and unlock the broader district scale potential of the region. With strong financial backing and an experienced technical and capital markets team, Trident’s strategy is to advance multiple gold systems within the La Ronge Gold Belt and position the company as a leading exploration player in this emerging Canadian gold district.

Verified company data

Cash position
22m
Shares outstanding
39.84m
Fully diluted shares
48.72
Mineral resource
The Knife Lake Project boasts a comprehensive database of over 400 drill holes derived from extensive historical and modern exploration programs completed between 1968-2022. The most recent work completed by Rockridge Resources (now Trident Resources) comprised drill programs in 2021 & 2022 (2900m) and an innovative VTEM geophysical survey in 2021. A new comprehensive 3D geophysical model based on the 2021 VTEM survey data has identified up to 15 km of conductive anomalies across the same prospective stratigraphy that hosts the Knife Lake Deposit. The prospective mineralized zone at Knife Lake spans approximately 4km along strike, averages 300m in width, is approximately 15m thick and dips between 30°–45° toward the East. The deposit is hosted in felsic to intermediate volcanic rocks that have been metamorphosed to amphibolite grade. Mineralization consists of semi-massive to massive pyrrhotite-pyrite-chalcopyrite and sphalerite that appears to be structurally controlled and partially remobilized by late granitic intrusions. The Knife Lake Project is interpreted to be a VMS deposit with near surface Cu-Zn-Ag-Co mineralization that may be amenable to open pit mining. The economic viability of the Knife Lake Deposit will depend on successfully expanding mineralization along strike and at depth with a focus on the regional structures and volcanic stratigraphy that host several sulphide occurrences. There are many compelling regional targets at Knife Lake including Redhill Lake, Scimitar Lake, Pistol Lake and Gilbert Lake, where high-grade copper mineralization was discovered through initial drill testing in 2022.
Projects
["Greywacke Lake Gold Project: 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 25,845 hectare 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 recently expanded Greywacke Project now includes the Hailstone Property, along with the Greywacke North Gold Deposit in the North Zone, which hosts a historical Mineral Resource Estimate from 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.","Reindeer Project: The Reindeer Project consists of 10 contiguous mineral claims totaling 29,000 hectares in northern Saskatchewan. The Property lies along the contact between the La Ronge and Kisseynew Domains of the Trans-Hudson Orogen, a prolific geological belt hosting multiple gold and base metals deposits. Importantly, the Property is cut by three strands of the Tabbernor Fault system, a major crustal structure that also hosts the Seabee Gold operations (with more than 2 million ounces of cumulative gold production). The Property is located near Highway 905, which services Cameco and Orano’s uranium operations at Rabbit Lake, McClean Lake, and Cigar Lake. The claims are in good standing until at least October 2027 and are not subject to any royalties. Historical exploration has identified multiple gold, copper, zinc, and silver showings, including the Discovery Au Showing (0.16–0.60 oz/t Au in grab samples, Saskatchewan Mineral Deposit Index “SMDI” 0501) and the Rosie Showings (up to 0.77% Cu, 0.20% Zn, and 0.061 oz/t Au in grab samples, SMDI 0504). Numerous untested EM conductors across the property highlight the strong discovery potential, with the ground remaining largely underexplored despite its proximity to producing and past-producing mines. Geological Setting: The property lies along the contact between the La Ronge and Kisseynew Domains of the Reindeer zone within the Trans-Hudson Orogen (THO) of northern Saskatchewan. The property is cut by three north trending splays of the Tabbernor Fault system, a major 1,500 km long crustal feature that hosts the Seabee & Santoy Gold operations (combined production of 2 million oz of Au). The La Ronge Domain is an accreted volcanic arc complex of 1.92–1.86 Ga age, comprised of mafic to felsic volcanic rocks, sediments and felsic plutonic granitoid rocks affected by amphibolite to granulite facies metamorphism. The La Ronge domain is known to host numerous high-grade gold and base metals deposits. Examples are the Waddy Lake, Star/Jolu/Jasper, Contact Lake gold deposits and Brabant-McKenzie base metals deposits. The Kisseynew Domain is a 1.84–1.82 Ga metasedimentary gneiss belt representing a deep marine back-arc basin or foreland basin that was subsequently deeply buried and metamorphosed. The belt is comprised of metasedimentary pelitic gneisses and psammites; greywacke and mudstone derived para-gneisses and local metavolcanic rocks and intrusives, affected by high-grade amphibolite to granulite facies metamorphism. The Kisseynew Domain is host to several Au and base metals occurrences, most notably Trident Resources Greywacke deposit, located 100 km southwest of the Reindeer property. Mineralization: There are numerous documented base and precious metals occurrences as well as multiple EM conductors identified along the length of the property and on adjacent properties. Numerous notable occurrences on the Reindeer Property include the Discovery Au Showing (grab sample from a quartz flooded shear zone returned 0.16 to 0.6 oz/t Au) and the Rosie Showings, which returned up to 0.77% Cu, 0.2% Zn and 0.061 oz/t Au. There are also notable occurrences on adjacent properties including: the Henry Lake occurrence (17.2 g/t Au in semi massive sulfides); the Daiwan Main Zone (up to 0.17% Cu, 0.43% Zn and 0.2 oz/t Au); the Daiwan Han Zone (up to 6.6 g/T Au from a shear zone in mafic tuff). Agreement Terms: Under the terms of the Agreement, Trident may acquire up to a 100% interest in the Property through staged payments and share issuances as follows: 1. First Option (50% interest): $35,000 in cash and 1,000,000 common shares of Trident (the “Shares”) on closing. 2. Second Option (75% interest): An additional 500,000 Shares on or before the first anniversary of closing. 3. Third Option (100% interest): An additional 500,000 Shares on or before the second anniversary of closing. If Trident exercises less than the full 100% earn-in, the parties will form a joint venture to further advance the Property. The shares are subject to a statutory hold period of four months and one day from issuance. No finder’s fees are payable pursuant to the Agreement. The Agreement remains subject to the approval of the TSX Venture Exchange.","Knife Lake Project: The Knife Lake Copper VMS Project is an advanced-stage copper, silver, zinc, gold and cobalt exploration property comprising approximately 36,000 hectares in northeastern Saskatchewan. On July 13, 2026, Trident entered into an option agreement with Apogee Minerals Ltd., pursuant to which Apogee may earn a 100% interest in the project through staged cash payments, share issuances and exploration expenditures. The transaction unlocks value from this non-core asset by providing immediate and future consideration to Trident shareholders while allowing the Company to remain focused on advancing its district-scale gold portfolio in Saskatchewan's La Ronge Gold Belt. The Knife Lake Deposit is a near-surface stratabound VMS-style system that hosts a historical NI 43-101-compliant mineral resource estimate consisting of pit-constrained Indicated and Inferred resources. Historical Indicated Resource (effective date of June 12, 2019): | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | **Cutoff** | **Tonnage** | **Grades** | | **Metal Content** | **CuEq (%)** | **(ktonnes)** | **CuEq (%)** | **Cu (%)** | **Ag (gpt)** | **Au (gpt)** | **Co (ppm)** | **Zn (ppm)** | **NSR ($CDN)** | **CuEq Mlbs** | **Cu - Mlbs** | **Ag - kOz** | **Au - Oz** | | **0.2** | 4,205 | 0.96 | | 70.85 | 89 | 72 | 473 | 12,357 | | **0.4** | 3,836 | 1.02 | | 75.36 | 86 | 70 | 456 | 11,951 | | **0.6** | 3,136 | 1.14 | | 83.87 | 78 | 64 | 413 | 10,466 | _CuEq = CU% + ZN%*0.398 + CO%*5.901+AUGPT*0.553+AGGPT*0.005_ Historical Inferred Resource (effective date of June 12, 2019): | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | **Cutoff** | **Tonnage** | **Grades** | | **Metal Content** | **CuEq (%)** | **(ktonnes)** | **CuEq (%)** | **Cu (%)** | **Ag (gpt)** | **Au (gpt)** | **Co (ppm)** | **Zn (ppm)** | **NSR ($CDN)** | **CuEq Mlbs** | **Cu - Mlbs** | **Ag - kOz** | **Au - Oz** | | **0.2** | 11,106 | 0.58 | | 42.50 | 141 | 110 | 750 | 24,601 | | **0.4** | 7,902 | 0.67 | | 49.74 | 117 | 92 | 610 | 21,340 | | **0.6** | 3,626 | 0.88 | | 65.28 | 71 | 56 | 350 | 12,963 | _CuEq = CU% + ZN%*0.398 + CO%*5.901+AUGPT*0.553+AGGPT*0.005_ The mineral resources have been estimated in conformity with generally accepted CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines (CIM, 2014) and are reported in accordance with the Canadian Securities Administrators’ National Instrument 43-101 (CSA, 2018). Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. The NI 43-101 resource estimate has an effective date of June 12, 2019. For more information, please refer to the News Release dated August 14th, 2019 or the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27th, 2019, filed on Sedar. The Knife Lake Project boasts a comprehensive database of over 400 drill holes derived from extensive historical and modern exploration programs completed between 1968-2022. The most recent work completed by Rockridge Resources (now Trident Resources) comprised drill programs in 2021 & 2022 (2900m) and an innovative VTEM geophysical survey in 2021. A new comprehensive 3D geophysical model based on the 2021 VTEM survey data has identified up to 15 km of conductive anomalies across the same prospective stratigraphy that hosts the Knife Lake Deposit. The prospective mineralized zone at Knife Lake spans approximately 4km along strike, averages 300m in width, is approximately 15m thick and dips between 30°–45° toward the East. The deposit is hosted in felsic to intermediate volcanic rocks that have been metamorphosed to amphibolite grade. Mineralization consists of semi-massive to massive pyrrhotite-pyrite-chalcopyrite and sphalerite that appears to be structurally controlled and partially remobilized by late granitic intrusions. The Knife Lake Project is interpreted to be a VMS deposit with near surface Cu-Zn-Ag-Co mineralization that may be amenable to open pit mining. The economic viability of the Knife Lake Deposit will depend on successfully expanding mineralization along strike and at depth with a focus on the regional structures and volcanic stratigraphy that host several sulphide occurrences. There are many compelling regional targets at Knife Lake including Redhill Lake, Scimitar Lake, Pistol Lake and Gilbert Lake, where high-grade copper mineralization was discovered through initial drill testing in 2022. In 2022, the company completed a 936m, six-hole diamond drill program focused on infill and expansion at the Knife Lake Deposit, alongside first-pass exploration at Gilbert Lake. Assay results confirmed high-grade copper mineralization consistent with VMS-style systems and extended mineralized zones. Highlights include: Knife Lake Deposit: Intercepts up to 15.9m of 1.93% Cu and 2.35% CuEq (KF22030), including 9.0m of 2.65% CuEq. Gilbert Lake: Drilling confirmed prospective geology with trace chalcopyrite and semi-massive sulfides, indicating potential for a larger VMS system. Follow-up exploration is planned. Recent Exploration Success: 2022 Drill Highlights: KF22030: 15.9m @ 1.93% Cu, 0.26 g/t Au, 7.5 g/t Ag, 0.17% Zn (2.35% CuEq) KF22029: 15.75m @ 1.91% Cu, 0.23 g/t Au, 7.79 g/t Ag, 0.30% Zn (2.32% CuEq).","Contact Lake Gold Project: The Contact Lake Gold Project, Trident Resources Corp’s flagship asset, spans an impressive 23,000 hectares. Strategically situated at the junction of the La Ronge, Kisseynew and Glennie Domains of the prolific Reindeer Zone in Saskatchewan, this property holds significant exploration potential. The Project hosts four key deposits—Contact Lake, Preview SW, Preview North, and North Lake—that serve as the base of Trident’s strategic vision to build upon a rich history of gold mineralization in the La Ronge Gold Belt. This approach is focused on consolidating and advancing highly prospective deposits in one of Saskatchewan’s most underexplored yet richly endowed gold districts. In addition to these deposits, the Contact Lake Gold Project hosts the Point Lake Target, an advanced prospect with significant exploration potential that the Company will look to aggressively advance. These targets not only underscore the property's geological prospectivity but also present strong potential for both the expansion of known deposits and the discovery of new ones, positioning the Contact Lake Gold Project as a foundational asset in Trident’s long-term strategy for growth, discovery, and value creation."]
Leadership
Jon Wiesblatt (CEO, Director, Over two decades of experience in the financial industry with a focus on mining as an analyst and institutional investor. Specializes in equity research, portfolio management, and capital markets.), Jordan Trimble, B.Sc., CFA (President, Director, Entrepreneur with extensive experience in resource management, corporate finance, and capital raising. Previously CEO of Skyharbour Resources and Corporate Development Manager for Bayfield Ventures.), Cornell McDowell (P.Geo. VP Exploration & QP, Professional Geologist with experience in mineral exploration since 2005, currently Vice President of Exploration for Aben Minerals.), Chantelle Collins (CFO, Holds a Bachelor's degree in Accounting and is a CPA with over 17 years of experience in public sector financial reporting.), Lubica Keighery (IR and Corporate Development, Experienced in Investor Relations and Strategic Communications, previously worked with MAS Gold Corp. and Eros Resources Corp.)

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