Trident Resources Commences 5,000 Metre Inaugural Drilling Program at Contact Lake Gold Project, La Ronge Gold Belt, Saskatchewan
Contact Lake Project Location Map:https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
This marks the first drill campaign at Contact Lake in nearly 30 years and represents an important milestone for Trident as it begins to unlock the potential of one of the region's most prospective underexplored gold projects. The program has been designed to confirm historical mineralization, expand known gold zones, and test newly defined targets generated through modern geological interpretation and fieldwork.
Drill Program Overview:The Phase 1 drill program will consist of 5,000 metres, targeting high-priority zones and confirmation of historical data.
Location Map of Planned Drill Holes:http://www.tridentresourcescorp.com/_resources/images/Drill-Plan-NR-202508.jpg
Expansion Potential:Contact Lake has a long history of gold exploration yet remains largely underexplored by contemporary methods. The La Ronge Gold Belt hosts several past-producing mines and advanced gold deposits, and management believes Contact Lake has strong potential to evolve into a cornerstone asset with district-scale growth opportunities.
Jonathan Wiesblatt, CEO of Trident Resources, commented: 'Launching our first drill program at Contact Lake is an exciting step forward for Trident and our shareholders. This 5,000 metre program is designed not only to validate historical results but also to demonstrate the expansion potential at the project. With gold mineralization identified historically and modern exploration techniques now being applied for the first time, we believe Contact Lake has the potential to become one of the more significant new gold projects in the La Ronge Gold Belt.'
Next Steps:Drilling is expected to continue through fall 2025, with first assay results anticipated later this year. The Company will provide updates as results become available. Drilling will target past-producing Contact Lake Mine, following up on historical high-grade intercepts including:
Contact Lake Gold Deposit - Historical Drill Intercepts
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Description
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
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 with true thickness unknown
Qualified Person:The scientific and technical data contained in this news release was approved by Cornell McDowell, P.Geo., a non-independent 'qualified person' under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.
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.
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company's website at www.tridentresourcescorp.com
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive OfficerEmail: Jon.Wiesblatt@tridentresourcescorp.com
For further information contact myself or:Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.Telephone: 647-309-5130Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@tridentresourcescorp.com NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS 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 forward-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 results 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. Please see the public filings of the Company at www.sedarplus.ca for further information.Sign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Alpina Holdings' (Catalist:ZXY) Earnings May Just Be The Starting Point
Even though Alpina Holdings Limited's (Catalist:ZXY) recent earnings release was robust, the market didn't seem to notice. We think that investors have missed some encouraging factors underlying the profit figures. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A Closer Look At Alpina Holdings' Earnings One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Alpina Holdings has an accrual ratio of -0.14 for the year to June 2025. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. To wit, it produced free cash flow of S$11m during the period, dwarfing its reported profit of S$4.29m. Given that Alpina Holdings had negative free cash flow in the prior corresponding period, the trailing twelve month resul of S$11m would seem to be a step in the right direction. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Alpina Holdings. Our Take On Alpina Holdings' Profit Performance As we discussed above, Alpina Holdings has perfectly satisfactory free cash flow relative to profit. Because of this, we think Alpina Holdings' earnings potential is at least as good as it seems, and maybe even better! Furthermore, it has done a great job growing EPS over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into Alpina Holdings, you'd also look into what risks it is currently facing. When we did our research, we found 3 warning signs for Alpina Holdings (1 is significant!) that we believe deserve your full attention. Today we've zoomed in on a single data point to better understand the nature of Alpina Holdings' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
13 minutes ago
- Yahoo
Alkane Delivers Profit After Tax of A$33 Million for FY2025
PERTH, Australia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX:ALK; TSX:ALK; OTCQX:ALKEF) ('Alkane' or 'the Company') results for the year ended 30 June 2025 are attached. The table below is a summary of the financial results: June 2025(A$'000) June 2024(A$'000) Change(A$'000) Change% Gold revenue 262,362 172,991 89,371 52% Gold production (ounces) 70,120 57,217 12,903 23% Gold sales (ounces) 69,774 57,592 12,182 21% Sale price (A$/oz) 3,770 3,004 766 25% Tomingley profit before tax 60,934 33,123 27,811 84% Company profit after tax 33,043 17,677 15,366 87% Alkane had a profitable year while operating the Roswell underground deposit. The increase in the gold produced reflects higher grade ore and recoveries via the fine grind circuit upgrade. This resulted in gold produced of 70,120 ounces and at an all-in sustaining cost (AISC) of A$2,561 per ounce. As at 30 June 2025 the company's cash, bullion and listed investments totaled A$60.3 million, with A$48.1 million in cash, bullion on hand at fair value of A$12.2 million and A$8.0 million of listed investments at market value. Post year end, Alkane resources Limited (ASX:ALK) and Mandalay Resources Corporation (TSX:MND) shareholders both voted to approve the 'merger of equals' between the two companies which was effective from the 5th August 2025. Alkane Managing Director, Nic Earner, said: 'Alkane's profit comes in year that included high capital growth spending at Tomingley to increase recoveries and extend the mine life. With the merger with Mandalay completed post financial year end we are well positioned for the upcoming financial year for both production and growth. 'Alkane's Board and management acknowledge and thank the employees and contractors of the Company for their strong and continued commitment to safety, production and exploration performance.' This document has been authorised for release to the market by Nic Earner, Managing Director & in this report should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. This report contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of the Company, growth or other trend projections. These statements are based on expectations as at the date of the report. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors outside of Alkane's control and actual results, performance and achievements may differ materially from those expressed or implied from these forward-looking statements depending on a variety of factors. Alkane makes no representation, assurance or guarantee as to the accuracy or likelihood or fulfilment of any forward-looking statement or any outcomes expressed or implied in any forward-looking statement. You should not put undue reliance on forward-looking statements. ABOUT ALKANE ‐ ‐ ASX:ALK | TSX: ALK | OTCQX: ALKEF Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth. Alkane's wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations. Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern Australia's reputation as a significant gold, copper and antimony production region. CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
16 minutes ago
- Wall Street Journal
Fed's Powell Unlikely to Give Clear Signal
0021 GMT — Fed Chair Powell's looming speech at the annual Jackson Hole symposium will be the next catalyst for the U.S. dollar moves, says Joe Capurso, an economist at Commonwealth Bank of Australia CBA -0.52%decrease; red down pointing triangle. Still, don't expect Powell to give a clear signal in either direction. He is likely to keep his options open and wait for more data, Capurso says. But if Powell signals openness to an interest-rate cut, expect the market to more fully price a September cut and the USD to fall modestly. A September cut is currently priced at about 70% which sets a high bar for Powell to 'out‑dove' the market, he says. ( X @JamesGlynnWSJ)
