Trident Resources Corp. Reports High-Grade Gold Drill Results at Contact Lake Project, Up to 42.95 g/t
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Significant Drill Results: Trident Resources Corp. reports that all thirteen holes in its inaugural drilling program at the Contact Lake Project intersected substantial gold mineralization, with grades reaching up to 42.95 g/t, indicating the area's high-grade gold potential that could significantly enhance the company's resource estimates.
- Winter Drilling Program: The company is fully funded with over $12 million allocated for an upcoming winter drilling program aimed at systematically exploring untapped mineralized zones, thereby enhancing future growth prospects and investor interest.
- Validation of Mineralization Extensions: New drill holes CL25006 and CL25007 encountered gold mineralization at depths of 272 meters and 329.5 meters, returning grades of 7.28 g/t and 4.43 g/t respectively, confirming the persistence of Contact Lake as a high-grade gold system, which may attract further investment.
- Untapped Potential of Historical Mining Area: The drilling was conducted outside the historical mine footprint, revealing significant untapped mineralization potential, with the CEO highlighting this as an opportunity for transformative assets, further solidifying the company's market position in Saskatchewan.
Analyst Views on ROCK
About ROCK
Gibraltar Industries, Inc. is a manufacturer and provider of products and services for the residential, renewable energy, agtech, and infrastructure markets. The Company’s segments include Renewables, Residential, Agtech, and Infrastructure. The Renewables segment is engaged in the designing, engineering, manufacturing and installation of solar racking and electrical balance systems. The Residential segment includes products such as roof and foundation ventilation products, single-point and centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion, trims and flashings, and others. The Agtech segment provides controlled environmental agriculture solutions for growing fruits, vegetables and flowers, and supplies custom greenhouses and structural canopies for research, education, and others. The Infrastructure segment provides engineered solutions for bridges, highways and airfields, including structural bearings, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
