Trans Canada Gold Corp. Achieves Steady Oil Production and Prepares for New Drilling

Trans Canada Gold Corp. has reported steady oil production, shipping 15,488 barrels over seven months from September 2025 to March 2026. The production was facilitated through a multilateral well near Lloydminster, Alberta, with a working interest of 18.75%. The company plans to expand its operations with a new multilateral well, expected to open around 3,000 meters of the Sparky formation. This well is scheduled for drilling in the summer.

The drilling, completion, and equipping costs are estimated at $1.9 million, covered by production cash flow. The company anticipates benefiting from current favorable oil prices and plans to enhance production capacity in 2026-2027. Additionally, plans for gold exploration at the Harrison Lake Gold Project are underway, targeting substantial mineralized material.