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Trans Canada Gold ( (TSE:TTG) ) has issued an update.
Trans Canada Gold Corp., in collaboration with Croverro Energy, has acquired additional land and lease rights near Lloydminster, Alberta, enabling the drilling of up to three new multilateral wells in the Sparky and GP Zones. This expansion increases their controlled lands to 1,040 acres, with an 18.75% interest in the new lands. The strategic move is expected to enhance the company’s oil resource potential and operational efficiency in these prolific zones, likely boosting production and revenue while maintaining low operational costs.
More about Trans Canada Gold
Trans Canada Gold Corp. is a discovery-focused company specializing in oil and gas resource development and mineral exploration. The company is committed to increasing its production capabilities and future oil production revenues through responsible exploration. It primarily operates in Alberta, Canada, working with partners to develop oil and gas assets, and is supported by experienced exploration management and geological teams.
YTD Price Performance: -10.0%
Average Trading Volume: 27,778
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$2.31M
Find detailed analytics on TTG stock on TipRanks’ Stock Analysis page.