Original News Release
Trans Canada Gold reviews mineral projects
Mr. Tim Coupland reports
TRANS CANADA GOLD CORP. IS EXAMINING MULTIPLE POTENTIAL GOLD PROJECT ACQUISITIONS
Trans Canada Gold Corp.'s geological team has been actively examining and reviewing multiple advanced gold mineral exploration projects with significant near-term growth and exploration drilling potential, situated in several Canadian provinces and resource jurisdictions favourable to mining. The company is currently in multiple discussions with gold property owners and vendors in the hopes of making a strategic gold property acquisition shortly, capitalizing on the current prevailing gold price and soaring precious metal market conditions.
Multilateral drill permit and well licence approved/drilling pending
The company has received all formal approval from the AER (Alberta Energy Regulator) for its new Lloyd 5-23-49-1W4 well with the issuance of its well licence and drill permit for its upcoming new seven-leg multilateral well and drill program situated near Lloydminster, Alta.
Drilling, completion and equipping costs are expected to be $1.9-million ($350,000 net to Trans Canada). The well costs are fully financed out of production cash flow thereby preventing any share dilution.
About Trans Canada Gold Corp.
The company is a discovery focused oil and gas resource development and gold mineral exploration company that is currently focused on developing and drilling its production of conventional heavy oil exploration properties, increasing production capabilities and increasing future oil production revenues through responsible exploration.
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