Trans Canada Gold (TSE:TTG) has released an update.
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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