Trident Resources Corp. has accelerated its option agreement on the Reindeer Gold Project in Saskatchewan, issuing 1,000,000 common shares to Reinco Exploration Limited to secure a 100% interest in the 29,300-hectare property ahead of the September 2025 schedule.

Under original terms, Trident could earn a 50% interest through a $35,000 cash payment and 1,000,000 shares, 75% via 500,000 shares in year one, and 100% through 500,000 shares in year two. The company opted to combine the final two milestones into a single 1,000,000-share issuance.

This change coincides with a high-resolution radiometric and magnetic survey covering over 6,600 line-kilometres across the property, which straddles the Duck Lake Shear Zone and Tabbenor Fault System.

Simultaneously, Trident has launched a 25-metre drone magnetic survey over an eight-square-kilometre area at the Contact Lake Gold Property, encompassing the past-producing mine site and intersecting shear structures. Field teams have completed over 2,500 soil samples in this area this year.

Drilling at Contact Lake is also advancing, with the 20,000-metre summer program surpassing 11,000 metres to extend high-grade mineralization. Trident is additionally conducting a 9,000-sample soil program across Contact Lake and the adjacent Preview project.

These activities form part of Trident’s regional strategy across its nearly 100,000-hectare land position in the La Ronge Gold Belt. The portfolio also includes the Greywacke North gold deposit and the Bell Mountain gold project in Nevada.

“Our expansive land position of nearly 100,000 hectares gives Trident a critical competitive advantage in this emerging gold district, underpinning a resource base of over 2.0 million ounces across four wholly-owned deposits – and notably, this figure excludes any ounces from our past-producing, high-grade Contact Lake gold mine, which we believe holds substantial additional upside.

With a strong balance sheet and a fully funded 2026 exploration program, Trident is well positioned to aggressively advance its district-scale strategy.”

— Jon Wiesblatt, CEO of Trident Resources

Read the full announcement: Trident Resources Announces Completion of High-Resolution Airborne Geophysical Survey over the Reindeer Gold Property and the Commencement of a Tightly-spaced Drone Magnetic Survey at Contact Lake