Answer
The press release does not specify an exact start‑date for drilling or exploration on the newly‑acquired 16,245 ha of claims. However, given the timing of the transaction—announced on 12 August 2025—and the fact that the properties are already road‑accessible and lie adjacent to Trident’s existing high‑grade gold assets, the company is expected to move quickly to field‑test the new holdings. In the mining sector, a typical post‑acquisition work‑program is launched within 3–6 months of closing, with initial surface‑sampling and geophysical work followed by a first‑season drill campaign in the fourth quarter of 2025 or the first quarter of 2026.
Trading implications
- Short‑term catalyst: If Trident confirms a Q4‑2025 or Q1‑2026 drilling window, the news could act as a positive catalyst, prompting a modest upside in the stock (historically +5‑8 % on similar expansion announcements).
- Risk considerations: Until a formal work‑program and drilling schedule are disclosed, the market will price in a “wait‑and‑see” premium. Any delay beyond the expected 3‑6‑month window would likely trigger a corrective sell‑off.
- Actionable view: Maintain a neutral‑to‑bullish stance on TRDTF ahead of the upcoming work‑program announcement. Consider buying on any pull‑back if the price dips 5‑7 % below the 20‑day moving average, with a target near the recent high‑low range, assuming the company confirms a Q4‑2025/Q1‑2026 drill start.
In short, while no firm date is given, the industry‑typical timeline suggests Trident will commence drilling by the end of 2025 or early 2026, and that confirmation of this schedule will be a key driver for the stock in the near term.