Trans Canada Gold Corp Acquires Additional Lands, Plans New Wells

Trans Canada Gold Corp. has acquired a 320-acre parcel of land from Canpar, Freehold Royalties, and Rife Resources. Combined with its existing holdings, this acquisition increases the total controlled lands to 640 acres. The newly acquired land brings oil resource potential in the Sparky and General Petroleum (GP) producing zones, with the company holding an 18.75% interest in the land.

This acquisition will allow Trans Canada Gold to drill up to four additional multilateral wells. These wells aim to enhance oil production in the Sparky and GP zones. The operator, Croverro Energy, has acquired and processed two additional seismic lines to enable precise targeting for future horizontal wells.

The company's strategic partnerships and advanced seismic data position it well for increased oil production and revenue growth. Trans Canada Gold continues to focus on responsible exploration and development of its oil assets in Alberta, Canada.