Trans Canada Gold Corp. is Finalizing Due Diligence on a Gold Exploration and Project Acquisition in a Canadian Resource Jurisdiction, and in Discussions to Acquire a Strategic Gold Drilling and Exploration Acquisition fully permitted with a Historical Go

Executive Summary

• Trans Canada Gold Corp. is completing due‑diligence on a gold mineral exploration project with drill permits already secured and a historical resource pending NI 43‑101 verification.
• The company received AER approval for a new Lloyd 5‑23‑49‑1W4 well license and multi‑leg multilateral drill permit near Lloydminster, Alberta, with drilling slated for 2026.
• Estimated drilling, completion and equipment costs total $1.9 M (of which $350 k is net to Trans Canada); the program will be funded entirely from existing production cash flow, avoiding share dilution.

Key Details

• Due‑diligence progress: Geological team finalizing claim verifications, permit confirmations, and vendor agreements for a strategic gold property acquisition early in 2026.
• Resource status: Historical resource exists; NI 43‑101 compliant technical report is pending completion.
• Drill permit & well license: Formal approval from Alberta Energy Regulator (AER) for Lloyd 5‑23‑49‑1W4 well and associated 7‑leg multilateral drilling program.
• Cost breakdown: Total program cost $1.9 M; net cash outlay to Trans Canada $350,000. All costs funded from existing oil & gas production cash flow.
• Strategic rationale: Leverage current high gold price environment and strong precious metals market conditions to expand the large‑scale gold property.
• Partner involvement: Collaboration with Croverro Energy Ltd., providing technical expertise for multi‑lateral well development and drilling operations.

Notable Quotes

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