Trans Canada GOLD Corp. Receives Formal Order Granting Approval FOR Extension of Time from the Ontario Ministry of Northern Development and Mines and Natural Resources, FOR Its 100% Wholly Owned District Scale Dinorwic GOLD Project Situated Near Dryden,
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
August 22nd, 2022 TSX-V Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. RECEIVES FORMAL ORDER GRANTING APPROVAL FOR EXTENSION OF TIME
FROM THE ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES AND NATURAL RESOURCES,
FOR ITS 100% WHOLLY OWNED DISTRICT SCALE DINORWIC GOLD PROJECT SITUATED NEAR DRYDEN,
ONTARIO
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -RCTRF) (“Trans Canada” or the
“Company”), is pleased to announce that the Company has received a formal Order granting approval
for a 12 month extension, until July 30, 2023, of the deadline for completing annual assessment work on
its Dinorwic Property and making related filings, from the Ontario Ministry of Energy, Northern
Development and Mines. The application was made by the Company and granted by the Ministry as a
result of delays beyond the Company’s control related to covid related Travel Restrictions and ongoing
permitting negotiations that were adversely impacted due to Covid -19 protocol , at its District Scale
Dinorwic Gold Project, located near Dryden, Ontario.
The Company has completed a comprehensive technical report targeting gold occurrences identified on
the Trans Canada Gold Project (Dinorwic Gold Property), a prospective district scale gold property
located near Dryden, Ontario, Canada (the “Property”). The project area is situated on both sides of the
Trans Canada Highway and encompass a contiguous area of 14, 880 hectares. The Company will be
working closely with the Wabigoon Lake Ojibway Nation on the property situated within their traditional
territories, focusing on sustainable development while protecting the environment and creating and
bringing wealth and jobs to the Nation.
The Dinorwic Gold Property NI-43-101 Geological Report was prepared jointly by Colin Bowdidge, Ph.D.,
P.Geo and Derrick Strickland, P.Geo. The Report provides a comprehensive description of the Dinorwic
Gold Property including previous work, geology and mineralization and also makes rec ommendations
for further work and diamond drilling on the Property. A copy of the Technical Report can be found on
the Company’s website at www.transcanadagold.com.
Commented Tim Coupland, “Our team is extremely pleased , having received an order granting our
Extension of Time, combined with our recent approval for our 3 Year Diamond Drilling permits from the
Ontario Ministry of Northern Development and Mines Natural Resources and Forestry . This 12 month
extension will be sufficient time to carry out previously planned programs, including detailed surface
work and drilling, once work is completed. We will be looking forward to working with the Wabigoon
Ojibway Nation and its leadership during the ongoing field season. This approval of extension combined
with our drill permit issuance , will certainly strengthen our growing gold asset portfolio situated in
Ontario, Canada. The Dinorwic Gold Project has encountered in historical drilling, the existence of high-
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grade gold and multiple high grade drill targets situated in banded iron formations, similar to that of the
Red Lake Gold Complex. The property also has magmatic copper-nickel-cobalt mineralization in gabbro
that is drill ready . We believe that having Treasury Metals Goliath Gold Complex and the Goldlund
projects in close proximity to the north of our property, and the gold targets identified on the Dinorwic
property show the potential to develop a sizeable zones of gold mineralization.”
GOLD CROW PROJECT- GOLD, COPPER-NICKEL-COBALT HIGHLIGHTS - PERMITS PENDING
The Gold Crow Proje ct s located in a 700 -kilometre-long belt across the Canadian Shield from Lake
Winnipeg to the James Bay lowlands, that is well endowed with gold. Total gold produced from this belt
is 36 million ounces.
The north trend of the property covers a 28 km length of mafic volcanics with multiple iron formation
horizons ideal for hosting gold. Drill holes with gold intercepts are scattered along the length of the
trend, but seem to be concentrated in a 3.5-kilometer-long area referred to here as the Jackpot Zone.
The Jackpot Zone situated on the Gold Crow project, was last explored in the 2010 -2012 exploration
period by Jiminex Inc. The drill results include Hole MIS 11 -03, which returned 5.44- meter core length
of 10.86 g/t Au, including 2.40 meters of 18.26 g/t Au, which in turn included 0.30 meter of 116.0 g/t
Au.
The Nickel Crow Zone, located on the north trend of the property, was explored by Sturdy Mines in 1985.
Their program was successful in the search for copper -nickel with their bes t assay indicating 1.22%
combined Cu-Ni across 15 feet. Trench samples consistently averaged 0.66% Cu (Copper), 0.25% Ni
(Nickel) and 0.12% Co (Cobalt).
The Gold Crow district scale Property is recognized to host significant gold and magmatic copper-nickel-
cobalt potential, and warrants a major, multiyear exploration program focused on drilling in and on strike
with the Jackpo t Zone and the Nickel Crow Zone . Property wide till sampling, analysis and gold grain
counting, prospecting, stripping, geological mapping and drilling new high -grade targets as they are
defined is planned . Lithogeochemical studies to assess magmatic copper- nickel-cobalt and VMS
potential will also be carried out.
Previous drilling only assayed gold targets, and did not assay for the abundance of base metals that occur
on the property. Additional exploration will almost certainly enhance the exploration potential for the
presence of additional high -grade gold and magmatic-copper-nickel-cobalt targets situated on the
property and provide additional drill targets to compliment the gold targets already identified on our
property. The gold numbers detailed in previous drilling are quite compelling and require additional deep
and in-fill drilling. The Gold Crow property has an existing base camp established with access to drill
locations and to water. The Company has identified several high- grade gold targets, copper, nickel cobalt
targets and the property and surrounding area is drill ready with easy access to the community of Pickle
Lake, complete with infrastructure and a seasoned workforce. With the review o f historical data sets,
combined with a proper compilation, a picture is now emerging that the Gold Crow Property has the
potential to host a zone of high-grade gold, and in addition to gold, potentially host magmatic copper-
nickel-cobalt mineralization and VMS style copper-zinc-silver mineralization.
CRIPPLEBACK LAKE GOLD PROJECT, NEWFOUNDLAND - OPTION NOT RENEWED
Trans Canada has formally terminated, and not renewed its Option agreement with Sokomon Minerals
Corp. on its Crippleback Lake Gold Project situated in central Newfoundland, dated June 2, 2021.
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TRANS CANADA GOLD PROJECT– THE DINORWIC GOLD PROPERTY
The Trans-Canada Gold Property consists of 741 non- surveyed contiguous mineral cell claims totaling
14,880 hectares located within the Kenora Mining Division of Ontario. The property is located within
the Wabigoon Greenstone Belt, which also contains the Goliath Gold deposit and the Goldlund Gold
Deposit. The Property contains a number of large shear zones containing quartz carbonate veins, pyrite
and arsenopyrite, underlain by mafic volcanics with felsic volcanics in the south. There is a large regional
scale iron carbonate alteration within the property, which is considered to be similar to that of the Red
Lake Mining Camp. The regional scale Carbonate alteration within the property associated with shear
zones within iron -tholeiite are prime targets for gold exploration. The property has excellent access,
with the Trans-Canada highway bisecting multiple high priority targets in a north-south direction, as well
as close proximity to the large community of Dryden, Ontario. The property has access to first class
infrastructure, with close proximity to a number of rail corridors and power lines. A number of gold
exploration targets have been identified within the property based on their association with regional
alteration, known gold showings, shear zones, complex patterns and offsets in the regional magnetic
map as well as spatial association with regional structures that has the potential to be well endowed
with gold mineralization.
Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43 -101, has
reviewed and approved of the technical information disclosed in the news release.
ABOUT TRANS CANADA GOLD CORP. – GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION
The Company is a discovery focused Canadian Gold and Mineral Exploration and Oil & Gas Resource
Development Company that is currently focused on developing its’ District Scale Gold exploration
projects in Ontario, increasing its production capabilities, and obtaining potential future oil pr oduction
revenues. The Company identifies, acquires and finances the acquisition of gold exploration properties
and the ongoing development of mining and oil and gas assets primarily situated in Canada, a time -
honored safe mineral exploration jurisdiction. The Company is currently permitting a developing a
number of District Scale gold mineral exploration property opportunities, and identifying low risk
exploration opportunities through selective acquisitions and development of mining exploration assets
situated in these favorable resource jurisdictions. The Company has qualified Senior exploration
management and Geological Mining teams of professionals, seasoned in exploration production, field
exploration and drilling. 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 and development of mining, and
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
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
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Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.