Trans Canada GOLD Corp. Submits Permitting FOR Planned Exploration Work at the Crippleback Lake GOLD Project 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 10th, 2021 TSX-V Trading Symbol: TTG
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TRANS CANADA GOLD CORP. SUBMITS PERMITTING FOR PLANNED EXPLORATION WORK AT THE
CRIPPLEBACK LAKE GOLD PROJECT IN CENTRAL NEWFOUNDLAND
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG) (“Trans Canada” or the “Company”) is pleased
to announce that it has submitted an Application/Notification for Planned Mineral Exploration Work with
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 initial permitting applies for permission
to carry airborne geophysical surveys, mapping, prospecting, soil sampling and detailed ground
geophysics to follow up on gold targets recently identified by Sokomon Minerals (TSXV-SIC) and quickly
bring the project to drill ready status. The Company will be submitting additional permitting shortly, for
drilling and the use of heavy equipment , once gold targets have been fully defined. T he Company will
move quickly to advance the gold potential of this centrally positioned gold property.
Commented Tim Coupland, “We are moving quickly and have submitted permitting for the Crippleback
Lake Gold block of gold claims in Central Newfoundland’s Corridor of Gold, the new exciting Canadian
gold rush. Our Technical Advisory Team of gold experts are extremely excited about working on this
strategic property optioned from Sokoman Minerals and performing detailed exploration work and
diamond drilling In Newfoundland. This is a remarkable opportunity for the C ompany who can now
perform exploration work, collaborate with Sokomon Minerals where our teams can now share years of
mining and drilling knowledge, while completing exploration and drilling between Marathon Gold’s
Valentine Lake gold deposit and shear zon e and Sokoman’s 100% wholly owned Moosehead Gold
discovery”.
The Crippleback Lake Gold Project covers the northeastern extension of the regional scale Valentine Lake
fault zone and is situated in the same geological units that host high grade gold miner alization 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 lo gging
roads and is only a short drive from assaying and diamond drilling services in Springdale, Newfoundland.
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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 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 submitted
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 s will be subject to a four month statutory hold
period.
TRANS CANADA GOLD CORP.- www.transcanadagold.com
The company has launched its new fully interactive 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/Dinorwic Gold
Property situated near Dryden, Ontario. The website will assist the Canacom Group , one of Canada’s
leading progressive Digital Marketing groups and service providers located in Toronto, Ontario who are
providing digital expertise and branding for the Company in the gold and mineral exploration sector. The
increased exposure is expected to increase investor awareness of the newly re-named Company, Trans
Canada Gold Corp.
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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 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 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 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 future 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 manag ement 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 Com pany is committed to
minimizing risk through selective property acquisitions, and responsible exploration and development of
mining, and petroleum and natural gas resource assets.
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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
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.