Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

Trans Canada Gold nearing Canadian gold project deal

By The Northwire Desk — AI Analysis Jan 07, 2026 · 12:19 TTG · 0.055 Trans Canada Gold Corp
TTG · Price

Executive Summary

  • Trans Canada Gold Corp. is completing due‑diligence on a gold exploration project in Canada that includes a historical NI 43‑101 resource and permits for near‑term drilling.
  • The company has secured AER approval for a new Lloyd 5‑23‑49‑1W4 well and associated seven‑leg multilateral drill program near Lloydminster, Alberta, with drilling slated for 2026.
  • Expected drilling, completion and equipment costs total $1.9 million (approximately $350 k net to Trans Canada), funded entirely from production cash flow, avoiding any share dilution.

Key Details

  • Due‑diligence status: Finalizing verification of claims, permits, and vendor agreements for the prospective gold property acquisition; NI 43‑101 technical report pending.
  • Strategic intent: Acquire and develop a large‑scale gold project with significant near‑term growth and drilling potential, leveraging current high gold prices.
  • Drill permit & well licence: Formal AER approval received for Lloyd 5‑23‑49‑1W4 well; issuance of both well licence and drill permit for a seven‑leg multilateral well program.
  • Location: Near Lloydminster, Alberta, Canada – a mining‑friendly jurisdiction.
  • Cost estimate: Total drilling, completion, and equipment costs projected at $1.9 million; net cash outlay to Trans Canada estimated at $350,000.
  • Financing: Costs will be covered by existing oil‑gas production cash flow; no equity dilution anticipated.
  • Operational timeline: Drilling program expected to commence in 2026 pending final approvals and mobilization.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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