Distributed on behalf of Trident Resources Corp.
Gold has come under pressure recently, weighed down by a stronger U.S. dollar, rising bond yields, ongoing turmoil in the Middle East, and reduced expectations for aggressive interest rate cuts from the Federal Reserve. However, there are still plenty of reasons for investors to remain bullish on the metal. For one, central banks are still adding gold to their reserves, which could benefit gold-related stocks such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM), Barrick Mining (NYSE: B) (TSX: ABX), Royal Gold (NASDAQ: RGLD), and AngloGold Ashanti (NYSE: AU).
As the World Gold Council noted, “Central banks bought a net 27t in February, with activity driven by Poland (20t), a marked rebound after a lull in January. Uzbekistan entered its fifth consecutive month of net buying (8t), followed by Kazakhstan (8t), Czech Republic(2t), Malaysia (2t), China (1t) and Cambodia (1t).”
Another bullish factor is the long-term price outlook. Deutsche Bank has suggested gold could reach $8,000 over the next five years, as central banks increasingly prioritize gold over the U.S. dollar as a reserve asset. According to International Business Times, that outlook aligns with the broader de-dollarization trade, as confidence in U.S. assets continues to weaken.
Look at Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), For Example
Trident Resources Corp. announced assay results for 5 (five) diamond drill holes from the 2026 winter drill program at the Contact Lake Gold Project in northern Saskatchewan. Hole CL26036 represents the best drill result to date by Trident and returned high-grade gold values from a broad zone of variably sheared host rocks within and adjacent to the Bakos Shear Zone.
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
All five holes were collared on the ice of Contact Lake to target gold mineralization in the BK3 Zone, an area located over 200m ENE along strike from the Contact Lake Main Zone. These latest results demonstrate the mineralizing system at Contact Lake consistently delivers broad mineralized intervals with well‑developed high‑grade cores. Gold mineralization at Contact Lake is both laterally and vertically extensive and remains open in all directions.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Highlights:
· Hole CL26036 returned 15.11 g/t gold (Au) over 51.83m from 256.00m
- including 14.60 g/t Au over 12.77m from 258.64m in the hanging wall
- including 20.69 g/t Au over 28.69m from 280.50m in the Bakos shear
- including two single assay results that returned 256.00 g/t Au over 0.55m (from 258.64m) and 1055.00 g/t Au over 0.50m (from 307.33m)
· Hole CL26032 returned 5.07 g/t Au over 21.50m from 359.50m
· All holes reported intersected gold mineralization; assays are pending for fifteen more holes from the Contact Lake program
· Winter drilling activity has now concluded with 29 holes complete; additional upcoming drilling planned to start in late Spring
“Results thus far from the winter program at Contact Lake demonstrate significant continuity of mineralization, support the scalability of the deposit, and indicate substantial remaining exploration potential,” said Jon Wiesblatt, Trident’s Chief Executive Officer.
“The intercept reported in Hole CL26036 represents a rare, high-grade result in Canadian gold exploration. Results to date at Contact Lake are comparable in style and tenor to other significant high-grade discoveries in Canada, including the Dixie Project in Red Lake and Eskay Creek in British Columbia’s Golden Triangle. 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. 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.
Recent exploration success at Contact Lake is also beginning to demonstrate the broader potential of the La Ronge Gold Belt, a historic gold-producing region in Canada that has seen relatively limited modern, systematic exploration and sustained capital investment. Our approach at Trident Resources is deliberate and methodical as we believe we have just scratched the surface at Contact Lake. Rather than relying on selective sampling we routinely sample every hole from top to bottom. This, combined with other new exploration strategies is providing a more complete geological understanding and will better define the true scale and continuity of mineralization.
The Company has approximately $30 million in treasury and is fully funded for 2026 and beyond, allowing us to advance the project aggressively. With 15 additional holes pending from Contact Lake, specifically targeting the high-grade BK3 zone, and a robust summer and fall program upcoming, we believe there is considerable upside ahead as we continue to realize the potential of this system.”
Summary of Drilling:
The results from this release are from holes CL26029, CL26031, CL26032, CL26034 and CL26036. Hole CL26036 intersected high-grade gold mineralization in the hanging wall and throughout the Bakos shear zone which measured over 75m in width. The hole targeted a down-plunge extension of high-grade mineralization reported in historical hole TU90-148 and confirmed that additional high-grade ore shoots with plunge continuity are likely present in the area. The finalized assay numbers are pending for fifteen additional holes. The holes reported in this release all targeted mineralization in the BK3 target zone, where the Bakos shear zone hosts gold in an anastomosing network of variably sheared horizons. Significant gold mineralization is present in the hanging wall above the main shear, within the Bakos shear zone and below in the weakly altered footwall.
Contact Lake Drill Collar Location Map:
https://www.tridentresourcescorp.com/_resources/news/Contact-Lake-Drill-Collar-Location-Map.png
Figure 1: Contact Lake – Cross Sections
https://www.tridentresourcescorp.com/_resources/news/20260429-Contact-Lake-Cross-Sections.pdf
Figure 2: Contact Lake - Core Photo
http://www.tridentresourcescorp.com/_resources/news/20260429-core-images.pdf
Other related developments from around the markets include:
Newmont reported gold Mineral Reserves of 118.2 million attributable ounces at the end of 2025 compared to 134.1 million attributable ounces at the end of 2024, mainly driven by the divestment of assets in 2025. Newmont's portfolio includes significant reserves from other metals, including 12.5 million attributable tonnes of copper reserves and 442 million attributable ounces of silver reserves. "In 2025, Newmont maintained its position of having the industry's largest gold reserve base, declaring 118 million ounces of reserves, representing decades of production life with meaningful upside," said Natascha Viljoen, Newmont's President and Chief Executive Officer. "Through the disciplined application of technical rigor in our leading exploration program, we remain focused on extending mine life, discovering new opportunities, and unlocking value across our world-class portfolio of operations and projects."
Barrick provided an update on the status of the Reko Diq project. On February 5, 2026 the Company announced that it was reviewing all aspects of the project in light of the escalation of security risks and increased security incidents. Barrick continues to believe in the long-term value of Reko Diq. Following the preliminary findings of the review and the further escalation of security issues in Pakistan and the region, the Company considers it necessary to slow the development activity and continue the project review until mid-2027. The continued review will allow the Company to assess in a comprehensive manner the evolving security situation, capital requirements, project financing, project scope and timeline. While development activity will be slowed, the project will remain under active management with a reduced capital spend. Development of Phase 1 of the Reko Diq project was approved on this basis. Barrick recognizes its important role in the local community and intends to continue to invest in and honor its existing in-country community and social programs.
Royal Gold announced that it will report its first quarter 2026 results on Wednesday, May 6, 2026, after market close. A conference call will be held on Thursday, May 7, 2026, at 12 p.m. Eastern Time (10:00 a.m. Mountain Time). The call will be webcast live and archived on the Company's website for a limited time. In addition, the company recently paid a dividend of $0.475 per share of common stock on April 16, 2026, to shareholders of record at the close of business on Thursday, April 2, 2026.
AngloGold Ashanti announced the Technical Report Summary for the Arthur Gold Project, showing a Tier One gold deposit with robust economics and strong potential for further growth in southern Nevada’s Beatty Mining District. With the completion of the pre-feasibility study, a first time Probable Mineral Reserve of 4.9Moz of contained gold (88Mt at 1.75 g/t) and 7.8Moz of contained silver (88Mt at 2.76g/t) was reported as at 31 December 2025. This supports an initial nine-year mine life with average annual production of approximately 500,000oz. At the Merlin deposit, there is also a gold Indicated Mineral Resource of 1.0Moz and gold Inferred Mineral Resource of 5.5Moz additional to the Mineral Reserve as at 31 December 2025.3,4 Silver by-product at Merlin includes an Indicated Mineral Resource of 2.0Moz and an Inferred Mineral Resource of 13.7Moz. Aggressive drilling programmes remain underway with the aim to convert additional Mineral Resource, expand the mineralised footprint and support technical studies. “The Arthur Gold Project is a cornerstone of our strategy to build a world-class, long-life production platform in the US,” said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. “With average annual production of approximately 500,000oz in its initial phase, with some years projected to be well in excess of that, the project delivers immediate scale in a premier mining jurisdiction. This is just the beginning. With a world class orebody and a disciplined capital approach, we have a clear roadmap to growth and long-term shareholder value.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Trident Resources Corp. by Trident Resources Corp. We own ZERO shares of Trident Resources Corp. Please click here for disclaimer.
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