-- Trident Resources (ROCK.V) intersected its best drill result to date at the Contact Lake gold project in Saskatchewan, the company said Wednesday.
Trident drilled 15.11 grams per tonne (g/t) gold over 51.83 meters in hole CL26036, representing" a rare, high-grade result in Canadian gold exploration," the company said.
The company also reported high-grade gold values from a broad zone of variably sheared host rocks within and adjacent to the Bakos Shear Zone. Other results include 5.07 g/t gold over 21.50 meters.
"What makes these results particularly compelling is the fact that mineralization remains open in all directions, highlighting the significant growth potential we see across the system," Chief Executive Officer Jon Wiesblatt said.
"We are seeing high-grade gold associated with multiple, parallel shear zones in drilling which is exciting as the potential convergence of these zones at depth represents an untested high-priority drill target," Wiesblatt added.
An additional 15 drill holes are pending from Contact Lake, targeting the high-grade BK3 zone. The company also plans to conduct drill programs in summer and fall.