Trans Canada GOLD Corp. Receives Permitting FOR Exploration Work from the Government of Newfoundland at the Crippleback Lake GOLD Project IN the Corridor of GOLD IN Central Newfoundland ____________________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
June 28th, 2021 TSX-V Trading Symbol: TTG
______________________________________________________________________________________
TRANS CANADA GOLD CORP. RECEIVES PERMITTING FOR EXPLORATION WORK FROM THE GOVERNMENT
OF NEWFOUNDLAND AT THE CRIPPLEBACK LAKE GOLD PROJECT IN THE CORRIDOR OF GOLD IN CENTRAL
NEWFOUNDLAND
____________________________________________________________________________________
VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG) (“Trans Canada” or the “Company”) is pleased
to announce that it has now received permit approval for Planned Mineral Exploration Work from the
Government of Newfoundland and Labrador , for Trans Canada Gold’s Crippleback Lake Gold property
situated in the “Corridor of Gold ”, in Central Newfoundland. The newly issued exploration permit now
grants permission to follow up on gold targets recently identified by Sokomon Minerals (TSXV-SIC), which
will quickly bring the project to the drill ready stage . The exploration permit allows for prospecting,
geochemical sampling, airborne geophysics and ground geophysics. In addition to Exploration permitting,
drilling permits were recently submitted on June 17, 2021 for diamond drilling and the use of heavy
equipment, once gold targets have been fully defined on the property in the coming months . T he
Company is positioned to move quickly, and to advance the gold potential of this centrally positioned
gold property, which lies directly over the Cape Ray Faulting system, the same faulting system, which also
hosts the Marathon Valentine Lake Gold deposit and the Sokomon Minerals Moosehead 100% wholly-
owned Gold discovery located in Central Newfoundland’s Corridor of Gold.
Commented Tim Coupland, “ We are p ermitting and advancing the Crippleback Gold project in the
Corridor of Gold, in central Newfoundland and all of our exploration activities are moving rapidly. With
the welcome news of our Newfoundland Exploration Permits being granted, we are now moving quickly,
and are just waiting for our formal drilling application approvals for the Crippleback Lake Gold block of
gold claims in Central Newfoundland. Our seasoned Technical Advisory Team of highly experienced gold
experts are extremely excited about the 2021 summer exploration season identifying and drilling the
target gold zones on this strategically located property optioned from Sokoman Minerals . This is a
remarkable advanced gold exploration opportunity for the Company, who will now be able to start the
summer 2021 exploration and drilling season and collaborate actively with the Sokomon Minerals
geological team. We anticipate that the summer season will generate additional gold targets for the
project. Both geological teams are now able now share years of seasoned mining and drilling knowledge,
while completing and advancing the Crippleback Gold Project, performing exploration and drilling
between Marathon Gold’s Valentine Lake gold deposit and shear zone and Sokoman’s 100% w holly
owned Moosehead Gold discovery”.
The Crippleback Lake Gold Project covers the northeastern extension of the regional scale Valentine Lake
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fault/Shear zone and is situated in the same geological units that host high grade gold mineralization at
Marathon’s Gold’s Valentine Lake gold deposit. The property is situated in the gold prolific and rapidly
emerging Corridor of gold in the Central Newfoundland Gold Belt, and is ideally situated on trend with
Sokoman’s flagship Moosehead High -Grade Gold discovery which is now in the midst of Phase 6 of a
50,000-metre (Phase 6) drill program. The Crippleback Lake Gold property is located near the Trans-
Canada highway in north-central Newfoundland, is easily accessible by a network of secondary logging
roads and is only a short drive from assaying and diamond drilling services in Springdale, Newfoundland.
CRIPPLEBACK LAKE GOLD PROJECT, NEWFOUNDLAND – HIGHLIGHTS:
• 121 mineral claims (3025 ha or 7475 acre) fully road accessible from the TransCanada Highway
with numerous secondary logging roads internal to the claims.
• Covers a 13 -kilometre strike length of the gold rich Valentine Lake Structural Zone midway
between Marathon Gold’s Valentine Lake Gold Deposit and Sokoman Minerals 100% wholly -
owned high-grade gold Moosehead Discovery.
• Robust Gold in lake sediment and till samples, with multiple till samples exhibiting delicate
(proximal to source) gold grains as well as angular float samples assaying up to 1.7 g/t gold
• All previous exploration efforts focused on base metals
• Exploration Permits have been approved by the Government of Newfoundland and Labrador
• Drilling Permits have been submitted on June 17, 2021. Approval pending.
SUMMARY TERMS OF AGREEMENT
Trans Canada can acquire 100% of Crippleback Lake by issuing 1,250,000 common shares of Trans
Canada Gold, cash and work commitments totalling $600,000 over a 4-year period. Sokoman will retain
a 1.0 % net smelter return royalty on Crippleback Lake, with Trans Canada Gold having the right to buy
down 0.5% of the royalty for 1,000,000
The Option agreement, including the issuance of Trans Canada Gold Shares, has been accepted for filing
by the TSX Venture Exchange. The Trans Canada share will be subject to a four -month statutory hold
period.
TRANS CANADA GOLD CORP.- www.transcanadagold.com
The company has launched its new fully interacti ve website and social media platforms at
www.transcanadagold.com The fully interactive website, which allows users to access social media
platforms such as Twitter, Facebook and Instagram will update and allow shareholders to view the
Company’s latest exploration activities and development of the Trans Canada Gold Project s which
includes the Dinorwic Gold Property situated near Dryden, Ontario , the Gold Crow Gold Project-Gold,
Copper-Nickel-Cobalt Property situated near Pickle Lake, Ontario and the Crippleback Lake Gold Project
situated in Central Newfoundland.
TRANS CANADA GOLD PROJECT– THE DINORWIC GOLD PROPERTY
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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 Thunder Lake 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 targe ts 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 t o 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 Canadian Gold and Mineral Exploration and Oil & Gas Resource Development Company
that is currently focused on developing its’ large District Scale Gold exploration projects in Northwestern
Ontario and Newfoundland, increasing its production capabilities, and obtaining potential futu re oil
production revenues. The Company identifies, acquires and finances the acquisition of large prospective
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 has now acquired
two large District Scale gold mineral exploration property opportunities in Ontario , along with the
Crippleback Lake Gold property situated in the Corridor of Gold in Central Newfoundland, and continues
to identify 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 Minin g 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
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Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.