Trident Resources Corp.
A New High-Grade Saskatchewan Gold Play
Published: 5/8/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:ROCK.V - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.58 |
| Fair Value | CAD $1.73 |
| Risk | 5 |
| 52 Week Range | CAD $ |
| Shares O/S (M) | 27 |
| Market Cap. (M) | CAD $16 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.6 |
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Report Highlights
- Trident is a newly formed junior explorer, created through the merger of three TSXV listed companies - Eros Resources, Rockridge Resources, and MAS Gold Corp. - aimed at leveraging project synergies, and optimizing costs under a consolidated management, and technical team.
- The company’s portfolio consists of two gold projects (Contact Lake and Greywacke), and one copper project (Knife Lake), located in prolific mining regions in Saskatchewan, with relatively high-grade historical resources totaling 1.6 Moz AuEq (gold equivalent) at 1.2 g/t. Saskatchewan is ranked among the top three mining jurisdictions in the world, per the Fraser Institute’s Survey of Mining Companies.
- Contact Lake and Greywacke are located in the La Ronge gold belt, which hosts several high-grade gold deposits, including SSR Mining’s (TSX: SSRM) operating Seabee mine. Knife Lake is located within the Flin Flon-Snow Lake mining district, one of the largest VMS camps in Canada.
- The Contact Lake gold project is comprised of the past producing Contact Lake mine, with historical resources totaling 1.05 Moz, spread across three targets, and several additional untested t
