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Trans Canada Gold Corp. is Finalizing Due Diligence on a Gold Exploration and Project Acquisition in a Canadian Resource Jurisdiction, and in Discussions to Acquire a Strategic Gold Drilling and Exploration Acquisition fully permitted with a Historical Gold Resource Situated in Canada
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 7, 2026 / Trans Canada Gold Corp. (TS...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"Trans Canada Gold Corp. is Finalizing Due Diligence on a Gold Exploration and Project Acquisition in a Canadian Resource Jurisdiction, and in Discussions to Acquire a Strategic Gold Drilling and Exploration Acquisition fully permitted with a Historical Gold Resource Situated in CanadaVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 7, 2026 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) (\"Trans Canada\" or the \"Company\"), is pleased to announce that the Company's geological team are finalizing its due diligence, on a gold mineral exploration project, with drill permits in place, a historical resource with a NI 43-101 Property Report pending completion, with significant near-term growth and exploration drilling potential, situated in a safe mining friendly Canadian Province. The Company is currently completing its rigorous due diligence, claim verifications, permit confirmations, required due diligence, with gold property owners and vendors, as required in making a strategic gold property acquisition early in the new year. The Company intends to utilize its experienced gold mineral exploration team, to drill, expand and advance the large-scale gold property and capitalize on the current prevailing gold price and soaring precious metal market conditions.MULTILATERAL DRILL PERMIT AND WELL LICENSE APPROVED/ DRILLING PENDING IN 2026The Company has received all formal approval from the AER for its new Lloyd 5-23-49-1W4 Well with the issuance of its well license and drill permit for its upcoming new 7-leg multi-lateral well and drill program situated near Lloydminster, Alberta.Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada). The well costs are fully funded out of production cash flow thereby preventing any share dilution.ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS/GOLD & MINERAL EXPLORATIONThe Company is a discovery focused Oil & Gas Resource Development and Gold 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 o...