Trans Canada Gold Corp. Advances Drilling on Second Multilateral Heavy Oil Well

Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) has announced it has completed 50% of the drilling on its second multilateral well near Lloydminster, Alberta. The project is managed by Croverro Energy Ltd., with Precision Drilling leading the contractor crews. Drilling is set to conclude by August 30, 2024, with completion operations planned for early September.

The well, featuring 8 lateral legs in the GP sand, is being drilled based on well control and newly processed seismic data. Trans Canada Gold Corp. holds an 18.75% interest in the land, which is part of a partnership led by Croverro.

Additional contiguous lands within the Area of Mutual Interest (AMI) have been acquired, potentially opening up further opportunities in the Sparky and GP zones. The company continues to seek additional exploration drilling opportunities in Canada and the U.S.

Tim Coupland, President and CEO, commented on the favorable weather and drilling conditions, expressing optimism for future opportunities in the area.