Trans Canada GOLD Corp. Commmences Drilling ON Its Second Multilateral Well Near Lloydminster, Alberta
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
August 21st, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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TRANS CANADA GOLD CORP. COMMMENCES DRILLING ON ITS SECOND MULTILATERAL WELL
NEAR LLOYDMINSTER, ALBERTA
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VANCOUVER, B.C. – Trans Canada Gold Corp . (TSX-V: TTG, OTCQB-TTGXF) (“Trans Canada” or
the “Company”), is pleased to announce that the Operator (Croverro Energy) has hired Precision
Drilling as the Rig Contractor, and has now spudded, and commenced drilling on the second
multilateral and is expected to be drilling for approximately ten days. The lands for the well are
currently controlled by a partnership lead by Croverro with the Company holding a 18.75%
interest. This second multi-lateral horizontal well is based on similar wells drilled in the General
Petroleum (GP) oil formation using surrounding well control combined with recently processed
seismic lines. The new multilateral well is planned for 11 laterals legs in the GP sand.
The Company has acquired additional lands inside the Area of Mutual Interest (“AMI”), which will
allow additional opportunity for multilateral wells. The lands are contiguous with our existing
lands. The newly acquired lands, together combined with our existing lands have the oil resource
potential in both the Sparky and GP producing zones.
Commented Tim Coupland, “We now look forward to drilling our second multilateral well which
is planned with 11 lateral legs in the GP oil reservoir. With the recent strategic land and lease
acquisitions, together with well control and recently obtained and processed seismic data, the
upcoming drill program in the GP sand has been de-risked as much as possible.”
The Company continues to explore additional exploration drilling opportunities in Canada and
the United States.
ABOUT TRANS CANADA GOLD CORP. – OIL AND GAS PRODUCTION /REVENUE PRODUCING
WELLS
The Company is a discovery focused Oil & Gas Resource Development and 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. The Company identifies, acquires and
finances with its working interest partners, the ongoing development of oil and gas assets
primarily situated in Alberta Canada. The Company has qualified Senior exploration management
2
and Geological teams of professionals, seasoned in exploration production, field exploration and
drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated
proficiency, expected of an experienced oil and gas technical team that has proven oil production,
and revenue success with large multi -lateral wells currently under their supervision. The
Company has the necessary manpower in place to develop its natural resource properties and
manage its production properties. The Company is committed to minimizing risk through
selective property acquisitions, and responsible exploration drilling, and maximizing long term
petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
www.transcanadagold.com
or
Christian Timmins, Director
Trans Canada Gold Corp.
Tel: (403) 597-3410
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the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.