Trident Resources' (ROCK.V) seven diamond drill holes from the 2026 winter drill program at the Contact Lake Gold project in northern Saskatchewan, were drilled on winter ice into the BK3 Zone at the Contact Lake target area and intersected high-grade gold mineralization, it said Wednesday.
Eleven holes remain unreported with assays pending from the Preview Lake deposit area located about three kilometres from the Contact Lake target area.
"The strength and continuity of the mineralization we're seeing confirms our belief that the Contact Lake target area is highly prospective within the project area and within Trident's entire portfolio," said Trident chief executive Jon Weisblatt. "These results warrant much more drilling to test the extension at depth and along strike."
Shares of the company closed up 8.3% to $4.20 on Tuesday on the TSX Venture Exchange.