Northwire Canada EditionTuesday, August 11, 2026
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CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8%
Drill Results

Trans Canada Gold Corp. is Examining Multiple Potential Gold Project Acquisitions in Several Canadian Provinces and Resource Jurisdictions, and is in Discussions with an Intention to Acquire Several Strategic Gold Drilling and Exploration Acquisitions in

By The Northwire Desk — AI Analysis Oct 21, 2025 · 09:30 TTG · 0.035 Trans Canada Gold Corp.
TTG · Price

Executive Summary

  • Trans Canada Gold Corp. received AER approval, a well license and drill permit for its new Lloyd 5‑23‑49‑1W4 multi‑leg well near Lloydminster, Alberta.
  • The upcoming 7‑leg multilateral drilling program is budgeted at $1.9 million total cost (approximately $350 k net to the company) and will be fully funded from production cash flow, avoiding any share dilution.
  • The company is actively evaluating multiple advanced gold exploration projects across Canada and is in discussions to acquire additional gold properties, leveraging current high gold prices.

Key Details

  • Permit & License: Formal approval from Alberta Energy Regulator (AER) for Lloyd 5‑23‑49‑1W4 well; issuance of both well license and drill permit.
  • Drilling Program: Planned 7‑leg multilateral well and associated drilling operations near Lloydminster, Alberta.
  • Cost Structure: Total program cost estimated at $1.9 million; net cash outlay to Trans Canada projected at $350,000.
  • Funding Source: Entirely financed from existing production cash flow, ensuring no equity dilution for shareholders.
  • Strategic Context: Company is reviewing several advanced gold mineral exploration projects in multiple Canadian provinces and is negotiating potential acquisitions of gold properties.
  • Partner Collaboration: Working with Croverro Energy Ltd., which will provide technical expertise for the multilateral well execution.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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