Trans Canada Gold (TSE:TTG) has released an update.
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Trans Canada Gold Corp. has reported the successful drilling and impending completion of its second multilateral horizontal heavy oil well near Lloydminster, Alberta, with production set to start by mid-September 2024. The well, finished on budget, has hit oil in all target zones and is anticipated to boost the company’s production rates, which will be announced post-completion. Additionally, the acquisition of adjacent lands promises further exploration and drilling opportunities.
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