08:21 AM EDT, 08/21/2025 (MT Newswires) -- Trident Resources ( TRDTF ) said Thursday that it commenced a 5,000-meter diamond drilling program at its flagship Contact Lake gold project in Saskatchewan.

This marks the first drill campaign at Contact Lake in nearly 30 years, Trident said.

The program aims to confirm historical mineralization, expand known gold zones, and test newly defined targets generated through modern geological interpretation and fieldwork, the company added.

Drilling is expected to continue through fall, with first assay results anticipated later this year.

"With gold mineralization identified historically and modern exploration techniques now being applied for the first time, we believe Contact Lake has the potential to become one of the more significant new gold projects in the La Ronge Gold Belt," CEO Jonathan Wiesblatt said.

Trident's share price rose 2.9% on Wednesday to near 52-week highs of $0.71 on the TSXV.