on Trans Canada Gold Corp. (isin : CA8931291063)
Trans Canada Gold Corp. Strengthens Land Position and Prepares for Drilling
Trans Canada Gold Corp. (TSX-V: TTG)(OTCQB: RCTRF) has strengthened its land position by signing an additional lease agreement. This move complements the recent acquisition of two strategic land and lease properties under a Farmout Agreement dated November 1, 2022. The company has secured a surface lease and is permitting a new multilateral well set to start drilling in the summer. The well aims to reach over 3000 meters of oil reservoir in the General Petroleum sand.
President and CEO Tim Coupland stated that drilling pre-planning and equipment purchasing are progressing well. The company expects drilling to begin on schedule in mid to late summer. With stable global oil prices and the Canadian TMX pipeline now operational, Trans Canada plans to explore further drilling opportunities and new property acquisitions.
R. E.
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