Trident Resources Expands Saskatchewan Portfolio with 5,525-Hectare Gold Acquisition
Trident Resources Corp. (TSX-V: ROCK) has announced a significant expansion of its mineral exploration portfolio in Saskatchewan, Canada. The company has signed a Property Option Agreement to acquire up to 100% interest in 17 mineral dispositions totaling 5,525 hectares within the Longe Gold Belt. The acquisition, subject to TSX Venture Exchange acceptance, includes strategic claim blocks adjacent to Trident's existing land holdings and underexplored gold showings near Ithingo Lake.
The total acquisition price is C$51,000 and 450,000 shares, paid in installments over two years. Trident, led by CEO Jonathan Wiesblatt, currently has over C$12M in cash and marketable securities, ensuring financial capacity for this expansion.
The acquisition includes four claim blocks within the La Ronge Gold Belt, strategically located adjacent to or nearby Trident's existing land holdings. Additionally, one claim block near Ithingo Lake hosts three underexplored gold showings, presenting new exploration opportunities. Andrew J. Ramcharan, PhD, P.Eng., Trident's corporate communications lead, confirmed the company's excitement about the potential of these new claims.
Trident's projects now include Contact Lake, Greywacke Lake, Knife Lake, and the newly acquired Longe Gold Belt claims. These projects host significant historical gold and copper resources, and Trident is currently conducting a fully-funded 6,500m drill program at its flagship Contact Lake Gold Project.
The acquisition, considered a related party transaction, is expected to strengthen Trident's position in the Longe Gold Belt. With a robust cash position and ongoing exploration activities, Trident continues to demonstrate its commitment to advancing its mineral exploration portfolio in Saskatchewan.
