on Trans Canada Gold Corp. (CVE:TTG)
Trans Canada Gold Corp. Nears Completion on Gold Exploration Deal
Trans Canada Gold Corp. is finalizing its due diligence for a major gold exploration project in Canada. The project boasts existing drill permits and a historical resource. This development indicates significant near-term growth and exploration potential. The company aims to expand and advance this gold property, benefiting from the current strong gold price.
Additionally, Trans Canada has received formal approval from the AER for its Lloyd 5-23-49-1W4 Well in Alberta. The estimated cost for drilling and completion is $1.9 million, fully funded by production cash flow, thus avoiding share dilution.
The company's focus remains on oil and gas resource development alongside gold mineral exploration. With approved drilling plans and financial backing, Trans Canada is positioned for strategic expansion in 2026.
R. P.
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