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Trident Comes Together in Plain SailingBob Moriarty Everything bad that could happen to a financial market is about to happen to the US stock and bond market. Japan’s bond market blew up months ago. The bond market of the UK and Germany are on the cusp of disaster. It looks as if the US will follow along. The US stock market is overvalued by every measure. Bad things come our way soon. The only safe haven will be resources that you can drop on your foot and it hurts. When the financial system blows up, you will hear it from Mars. If you are patient long enough in the mining business, sooner or later a wonderful opportunity will come along to invest. A good friend of mine approached me months go with a tale so incredible it was frankly hard to believe. Trident Resources (ROCK-V TRDTF-OTCQB) was that company and here is their amazing story that no one knows. Trident is a combination created by a hint of serendipity and a fair bit of old age. Mining legend Ron Netolitzky loved the opportunity he saw in Saskatchewan. He formed and was part of three different gold companies just waiting for gold to enter a perfect storm (in a good way). Alas, he got old, unlike me and you, and couldn’t tromp the hills with a rock hammer in both hands any longer. So, he organized a three-way merger of his finest juniors. The now merged combination of the previous three companies became Trident. They began trading on April 17, 2025 so while the different elements have been around for a while, Trident is an entirely new company centered in the underexplored and underdeveloped La Ronge Gold belt in Saskatchewan. Trident’s flagship gold project is called the Contact Lake Gold Project. It is 100% owned. In production by Cameco up until $300 gold prices in 1998 forced the company to shut down the mine after investing the equivalent of $125 million CAD today to produce 190,000 ounces of high-grade gold at 6.16 g/t Au. So, for the best part of almost thirty years the property went unexplored and undrilled. The second most important gold development in the stable would be the Greywacke Lake prospect. Between Contact Lake and Greywacke Lake, the company reports a historic resource of 1.2 million ounces gold. In addition, Trident CEO Jon Wiesblatt shows the Knife Lake copper deposit with a historic copper Eq resource of over two hundred million pounds of copper. I mentioned earlier that the story of Trident was almost too good to be true. Here are the numbers. The company has just over thirty million shares. As of Friday, last traded at a market cap of $23 million CAD. They have about $11 million in the bank. They show over 1.2 million ounces of gold in the ground between the Contact Lake mine and Greywacke Lake deposit in a historic resource. Resource Stock Digest did an interview with CEO Jon Wiesblatt three weeks ago when the company announced commencing a 5,000 meter Phase One drill program at Contact Lake. You should watch the interview. With an enterprise value of $12 million CAD, you can buy an ounce of high-grade gold in the ground for $10 in CAD or just over $7 in USD, If you still think gold is nothing but a chia pet but you adore copper, with an enterprise value of $12 million CAD and a historic copper Eq resource in excess of two hundred million pounds, you can buy copper Eq in the ground for a bargain price of $.06 in CAD. Even though the company is effectively brand new, they are not yet resting on their laurels. Late last week Trident announced adding an additional 16,245 ha located contingent to their La Ronge Gold Belt projects from a director at an exceptional price of only $14,370 and a tiny 2% NSR. Trident is an advertiser on 321gold. I participated in the last private placement they did and have purchased shares in the open market. Obviously I am biased. When you are doing your own due diligence please go through their excellent company presentation. Trident Resources Corp ### Bob Moriarty 321gold Ltd |
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