Distributed on behalf of Trident Resources Corp.
Gold is just starting to regain momentum, and could test $6,000 this year, according to JPMorgan. Goldman Sachs says the metal could rally to $5,400. UBS says it could test $5,900, with Morgan Stanley forecasting $5,200 by year end. “Every major bank that has revised its forecast since the correction began has maintained or raised its year-end target, treating the pullback as a consolidation within an intact structural bull market,” added GoldSilver.com. All of which creates substantial opportunity for gold stocks, such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM), Barrick Mining (NYSE: B) (TSX: ABX), Kinross Gold (NYSE: KGC) (TSX: K), and Alamos Gold (NYSE: AGI) (TSX: AGI).
Adding to the bullish outlook, analysts at Barclays expect gold to rally to $4,791 this year and potentially reach $4,900 by 2027. The bank attributes gold's recent three-month correction to a combination of a stronger U.S. dollar, surging equity markets, the unwinding of leveraged gold positions, and central bank sales from Russia and Turkey. However, Barclays now believes many of those headwinds are fading. The firm expects the U.S. dollar to resume its longer-term decline while central banks continue accumulating gold at an aggressive pace. With institutional demand remaining strong, and major banks bullish on the metal's outlook, the case for higher gold prices—and potentially gains in quality gold stocks—remains firmly intact.
Look at Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), For Example
Trident Resources Corp. announce assay results for the final 7 (seven) diamond drill holes from the 2026 winter drill program at the Contact Lake Gold Project in northern Saskatchewan. All seven holes were drilled on winter ice into the BK3 Zone at the Contact Lake target area and intersected high-grade gold mineralization further validating the potential of the BK3 Zone to host substantial gold mineralization. Eleven (11) holes remain unreported with assays pending from the Preview Lake deposit area located approximately three kilometres from the Contact Lake target area.
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
These results from the BK3 Zone illustrate the robust characteristics of the mineralizing system present at Contact Lake that has consistently returned high-grade gold horizons at surface and at depth. The winter drill program has reinforced that the Contact Lake deposit is open for expansion along strike in all directions and at depth. Trident has recently recommenced drilling at the project with over 20,000 metres planned for this summer and fall.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Highlights:
· Hole CL26033 returned 41.46 g/t gold (Au) over 3.42 metres (m) from 207.58m
- including 81.75 g/t Au over 1.73m from 208.67m
- including 179.5 g/t Au over 0.73m from 208.67m
· Hole CL26045 returned 5.43 g/t Au over 16.00m from 206.00m
- including 12.70 g/t Au over 6.25m from 215.75m
· Hole CL26047 returned 10.05 g/t Au over 9.30m from 221.00m
- including 156.50 g/t Au over 0.50m from 229.80m
· Hole CL26048 returned 6.78 g/t Au over 10.25m from 42.00m
- including 17.10 g/t Au over 3.40m from 50.60m
- including 112.50 g/t Au over 0.50m from 51.19m
Jon Weisblatt, Trident’s CEO and Director, commented "We are incredibly pleased with these results from the Contact Lake winter drill program as all the holes intersected gold mineralization and the program exceeded our expectations. 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. These results warrant much more drilling to test the extension at depth and along strike. It should be noted that the Contact Lake Project is just one of several sizeable projects in our portfolio as we systematically work towards unlocking the regional potential in the La Ronge Gold belt looking to create Canada’s next mining camp.”
“The former Cameco mine produced approximately 200,000 ounces of gold at impressive grades of 6 to 7 grams per tonne before closing in 1998, at which time gold prices were ~$300/oz. Our early success clearly indicates that significant high-grade gold mineralization was left behind, and modern exploration is quickly growing the size of these mineralized zones. The Company has approximately $26 million in treasury and is fully funded for the 2026 summer program and beyond, allowing us to advance the Contact Lake Gold Project expeditiously with the current +20,000m phase of drilling underway.”
Summary of Drilling:
The results from this release are from holes CL26033, CL26043, CL26044, CL26045, CL26046, CL26047 and CL26048. The holes targeted mineralization in the BK3 Zone, where separate splays of the Bakos Shear Zone display variably intense shearing and alteration with significant gold mineralization present within the shear as well as in the hanging wall and the footwall of the structure. The winter drill program at Contact Lake comprised 10,127m in 29 holes, all of which reported notable intercepts of gold mineralization.
The summer 2026 drill program commenced with two drill rigs, drill equipment and personnel presently on site for what is anticipated to be approximately 20,000m of additional drilling that will test the Contact Lake deposit at depth and along strike toward the west.
Figure 1: Contact Lake Drill Collar Location Map
https://www.tridentresourcescorp.com/_resources/news/nr-20260617-fig1.jpg
Figure 2: Contact Lake Cross Section (Hole CL26033 and Hole CL26045)
https://www.tridentresourcescorp.com/_resources/news/nr-20260617-fig2.jpg
Figure 3: Core Photo for Hole CL 26045
https://www.tridentresourcescorp.com/_resources/news/nr-20260617-fig3.jpg
Contact Lake Gold Project Overview:
The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approx. 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 to 1998. At the time of mine closure, the price of gold hovered around $300/oz (USD) and Cameco Corporation reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge Gold Belt of Saskatchewan, the Contact Lake Property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits.
Along with the Greywacke North deposit (located by road 40km northeast of Contact Lake), these four deposits are wholly-owned by Trident Resources and host current Mineral Resource Estimates (Trident news release November 24, 2025) which do not include any gold-related ounces from the past-producing Contact Lake target area.
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.
Kinross Gold announced the publication of its 2025 Sustainability Report (the “Report”), providing comprehensive insights into its Sustainability Strategy, priorities, and performance over the past year. The 18th edition of the Report is available at www.kinross.com/2025-Sustainability-Report. “Mining responsibly is central to how we operate and sustainability is a core part of Kinross’ culture, strategy and plans for future growth,” said J. Paul Rollinson, CEO. “Our values-driven approach guides our Sustainability Strategy, which prioritizes three focus areas: People, Planet and Efficiency. These areas emphasize what’s important to us – the wellbeing of our workforce and communities, protecting the environment, and using energy, water, and land as efficiently as possible. Our 2025 Report provides an update to our stakeholders on the performance and projects that underscore our commitment to Sustainability.” Kinross maintained strong performance across core sustainability metrics and continued to be recognized in 2025 across Sustainability ratings and rankings. The Company maintained its high standing in the S&P Corporate Sustainability Assessment, remaining in the top 10 of the Mining and Metals Sector. As of May 1, 2026, Kinross has been included in the Dow Jones Best in Class World Index and the Dow Jones Best in Class Index North America. The Company has also been included in the S&P Global Sustainability Yearbook for 2026 for the 13th consecutive year.
Alamos Gold reported results of the Expansion Study completed on the Island Gold District operation, located in Ontario, Canada. Compared to the Base Case Life of Mine Plan (“Base Case LOM”) released in June 2025, the IGD Expansion incorporates a 30% increase in Mineral Reserves, and an expansion of the Magino mill to 20,000 tonnes per day supporting increased processing rates of 3,000 tpd of high-grade underground ore, and 17,000 tpd from the open pit. This is expected to drive production higher and create one of the largest, longest life, and most profitable gold operations in Canada. “The evolution and growth of Island Gold continues with another substantial increase in Mineral Reserves supporting another high-return expansion of the operation. The IGD Expansion is starting to unlock the true potential of the Island Gold District with the increase in mining rates expected to drive production to more than 530,000 ounces per year at among the lowest costs in the industry. The IGD Expansion has driven the value of the operation to over $12 billion at gold prices of $4,500 per ounce, up from a combined acquisition cost for Island Gold and Magino of $1.4 billion. Given our significant ongoing exploration success within the main Island Gold structure and spectacular high-grade results we are seeing within the nearby Cline-Pick targets, we are confident there is further growth and upside to come,” said John A. McCluskey, President and Chief Executive Officer.
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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