Portal Industrial Cartagena Colombia - Forum - Contacts

Trident raises US$1.3M
Private Canadian company Trident Gold
completed a US$1.3M financing to continue
exploration of its Marquesa property package
in Antioquia obtained from Grupo de
Bullet at the end of 2011. Mid-tier gold
producer Yamana Gold participated in the
financing to acquire an approximate 5%
ownership stake in Trident. The funds will
be used for the next exploration phase of
its Floresta project – one of four areas
outlined within the Marquesa package - to
define drill targets.
Exploration to date - including 36,000
line km of geophysics and extensive stream
sediment and rock chip sampling - have
identified what is potentially a large porphryry
gold system in addition to high grade
veins. These include veins 3m wide @ 16 g/
t Au & 32 g/t Ag, with 50m of stockwork @
0.25 g/t Au, that demonstrate continuity
over +300m of strike length. “We have
excellent geophysics results and great geochemical
results and see striking similarities
with Anglogold Ashanti/B2Gold’s Gramalote
discovery,” says CEO Tim Russell.
A NI 43-101 technical report on the
Floresta property has been drafted which
will serve as the qualifying property as part
of a TSX IPO planned for 2012. With the
listing the company plans to raise sufficient
cash to undertake a drilling programme on
the most attractive prospects.