Trident Resources Corp

Gold exploration and development 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.

Gold exploration and development project

The 6,902 hectare Hailstone Property is comprised of 8 contiguous claims that are part of the Trident’s broader Greywacke Lake Gold Property. The Property is located in northern Saskatchewan, approximately 100 km northeast of La Ronge, and is road-accessible via Highway 102 that runs through the center of the Property to provide year-round access. Trident has also staked additional claims immediately adjacent to both Hailstone and Greywacke that host multiple base and precious metal showings.

Trident Resources has 100% ownership of the Knife Lake Copper VMS Project, an advanced-stage copper, silver, zinc and cobalt exploration property that consists of 41,725 hectares in northeastern Saskatchewan. The Knife Lake Deposit is a near-surface stratabound VMS-style system that hosts an Historical NI 43-101-compliant mineral resource estimate that consists of pit-constrained Indicated and Inferred resources:

The North Lake Deposit is located approximately 70 km northeast of La Ronge via HWY 102. Powerlines run alongside the property boundary and the community of Missinipe is located approximately 10 km north of the Deposit. Gold mineralization at North Lake was identified in 1984 following a 1979 regional lake sediment geochemical survey. The Property has since been subjected to modern geophysical surveys including VTEM and LiDAR and several drill programs. The 2023 Mineral Resource Update was successful in upgrading 79% of the estimated tonnes and 81% of the in situ gold into the Indicated mineral category, along with a 2.4% increase in the average grade (Louis F. Fourie, et al.,2023).

The Point Lake Target is situated within the Lac La Ronge Provincial Park, located approximately 70 km northeast of La Ronge via HWY 102 and a maintained local trail. Historical exploration on the Point Lake Target dates back to the 1940’s and has had modern LiDAR, VTEM and magnetic surveys completed. The Point target is an advanced prospect with much positive exploration potential to build on the 54 drill hole (5,707m) existing database. A 2019 drill program that comprised 1,947m in 13 diamond drill holes confirmed historical analytical results and tested for an extension of gold mineralization along strike and down-dip of known mineralization. Program highlights include:

The Raney Gold Project is a 2,800 hectare, 100%-owned property by Trident Resources, located in Timmins, Ontario, within the Archean Swayze Greenstone Belt—a southwest extension of the prolific Abitibi Greenstone Belt. This region is renowned for hosting world-class gold districts such as Timmins and Kirkland Lake, with notable nearby operations including Newmont’s Borden Mine, which achieved commercial production in 2019.

The Reindeer Project consists of 10 contiguous mineral claims totaling 27,930 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).