Highlights

  • Winter 2026 drilling accelerated with the mobilization of a third drill rig at the Contact Lake Gold Project in Northern Saskatchewan.
  • Planned 30,000–40,000 metres of drilling in 2026, potentially one of the largest annual programs in the La Ronge Gold Belt in decades.
  • Company remains well-funded with over CAD $32 million in cash and marketable securities.
  • ROCK Share Price Structure Turns Positive After Holding Horizontal Trendline Support.

Trident Resources Corp. (TSXV: ROCK) surged about 19% after accelerating its Winter 2026 drilling program with the addition of a third rig. Encouraged by early visual signs of mineralisation and backed by a strong treasury, the company plans to expand drilling and exploration across its 130,000-hectare land package in the La Ronge Gold Belt throughout 2026.

Trident’s Gold Project Expansion Drives Investor Confidence

Trident Resources Corp. CEO Jon Weisblatt announced the mobilization of a third drill rig at the Contact Lake Gold Project to accelerate Trident’s Winter 2026 exploration program. Encouraged by early visual signs of mineralisation and following up on prior high-grade results, the company plans to drill 30,000–40,000 metres, one of the largest annual programs in the La Ronge Gold Belt in decades.

The third rig will target the Preview SW and Preview North deposits, part of a 4-km mineralised corridor, aiming to expand existing NI43-101 resources. Backed by CAD $32M in cash, Trident will extend high-grade zones, test historical targets, and advance exploration across its 22,790-hectare property, including unmined areas of the past-producing Contact Lake mine.

Trident Resources Builds Base Above Trendline — Bullish Signal in Play

From a technical perspective, ROCK continues to trade above its key horizontal trendline, with the recent gap-up move reinforcing a constructive chart structure. Elevated volumes during the surge indicate strong buying interest and improving momentum. The horizontal trendline acts as a critical dynamic support, and as long as ROCK holds above this level, the broader bullish framework remains intact, supporting a positive near-term bias and the potential for further upside gains.

Price action for ROCK remains constructive, as it trades above its 50-period Simple Moving Average, highlighting solid near-term strength. The 14-period RSI at 71.43 indicates bullish momentum following the recent rebound. On the upside, immediate resistance levels near CAD 3.85 and CAD 4.05 may act as supply zones, potentially limiting gains if selling pressure increases. Overall, the technical structure supports a positive near-term bias while cautioning traders around key resistance points.

Critical Level Defended — Positive Momentum Intact

Trident Resources Corp. (TSXV: ROCK) has a bullish near-term outlook. The acceleration of its Winter 2026 drilling program, with a third rig, strong early visual mineralisation, and robust funding, provides fundamental support. Technically, the stock remains above its 50-period SMA and key trendlines, with improving RSI and strong volume, indicating positive momentum and the potential for further upside as long as support levels hold.