Exploration Co. Finds Exceptional Saskatchewan Gold Results

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS) provided new assay results on May 27, 2027, centered around its 2026 winter drill program at the Contact Lake gold project in northern Saskatchewan. The program encapsulated eight holes, each collared on the ice at Contact Lake to target gold mineralization in the BK3 Zone. This area hosts high-grade gold cores several hundred meters to the east-northeast of previous mine workings.

Highlights of the assay results include:

• Hole CL26042 returned 17.88 g/t gold (Au) over 11.25m from 86.00m

• including 31.36 g/t Au over 6.25m from 91.00m
• including 42.53 g/t Au over 4.50m from 91.00m
• including a single assay value of 350.00 g/t Au over 0.50m from 93.50m

• Hole CL26035 returned 93.44 g/t Au over 1.00m from 202.50m

All holes reported gold mineralization, with assays still pending for the remaining seven drill holes. The Contact Lake project covers 22,790 hectares and includes a past-producing mine that operated in the late 90s. The project was abandoned due to low gold prices at the time, leaving what the company believes to be substantial untapped resources unmined.

"These results at Contact Lake further demonstrate the strong continuity of mineralization and, more importantly, reinforce the rapidly growing scale of the project. The presence of multiple parallel mineralized shear zones, combined with consistent high-grade gold intercepts, supports our belief that Contact Lake and the surrounding area have the potential to evolve into a new gold camp in Canada," said Jon Weisblatt, Trident Resources' CEO and director, in the release. Weisblatt continued, "As drilling continues to expand the footprint of mineralization, we are building confidence in the size, quality, and broader district-scale opportunity at Contact Lake. The project is increasingly drawing comparisons to other major Canadian high-grade discoveries, including the Dixie Project in Red Lake and Eskay Creek in British Columbia’s Golden Triangle."

Weisblatt noted that the company has over CA$28 million in its treasury and is fully funded past the end of 2026. Trident Resources believes it is in a position to aggressively drill and grow gold resources at its properties.

Government Incentivizes Mining Companies

A Canadian public mineral exploration company, Trident Resources, focuses on advanced-stage gold and copper exploration projects in Saskatchewan. The company's focus on diversifying Saskatchewan's mineral sector has allowed it to qualify for the Targeted Mineral Exploration Incentive (TMEI), which offered it a CA$150,000 rebate from the TMEI program.

Weisblatt said, "We would also like to thank the Saskatchewan government for their support with the TMEI rebate, which will be invested in our projects in the province."

Gold Hits Two-Month Low, Still Resilient

While gold prices are still significantly up from last year, rates dropped to a two-month low on May 27, 2026, due to fears of inflation and no end to the U.S.-Iran War in sight. Spot gold prices dropped 1.4% from the previous day, hovering at US$4,444.64 per ounce. June gold futures fell 1.2% to US$4,445.20. Reuters quoted Peter Grant, VP and senior metals strategist of Zaner Metals, as saying, "The biggest influence continues to be ⁠the Middle East. There was some lingering optimism, but as this continues to drag out, ​that optimism wanes."

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Expert's Stock Rise Expectation Realized

Bob Moriarty of 321Gold.com expressed excitement at Trident's previous drill results released April 29, 2026, calling them "absolutely jaw-dropping." Moriarty wrote, "The standout was hole CL26036, which encountered a phenomenal grade of 15.11 grams of gold over a robust 51.83-meter interval starting at 256.00 meters depth. In gram/meter terms, that equates to an astounding 783.15 — hands down the most impressive drill hit in Contact Lake's history."

Moriarty predicted that the stock price would surge after the news release, and that is exactly what happened. Now, after the results announced on May 27, Moriarty has updated his statement, saying: "Trident just reported another 200+ Gram/meter hole. Hole CL26042 returned 17.88 g/t AU over 11.25m from 86.00m. And the stock went down 11%. What did I miss? So, I bought more."

Investors Anticipate Summer Drill Program

According to Trident's website, the company is ". . . aggressively advancing its 100% owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project, which contains a historical copper resource."

The summer 2026 drill program will commence in June and continue into the fall, with more than 20,000 meters of additional drilling expected.

Ownership & Share Information¹

Trident Resources Corp. has a market cap of CA$184.49 million, with 39.76 million shares outstanding. The company's 52-week range is CA$0.59-CA$4.69.

Institutions own 5.02% of shares, while Management & Insiders own 3.60%. The remaining 91.38% of shares are held by Retail.