Financial Wire

Trans Canada Gold Prepares to Start Drilling After the "Successful Completion" of the Acquisition of the Harrison Lake District Scale Gold Project

-- Trans Canada Gold (TTG.V) on Tuesday said that it is preparing to implement the Phase 1- Diamond Drilling program at the Harrison Lake Gold Project.

The company said that the contractors have been assembled to immediately commence preparation of underground drill setups, underground electrical facilities, road access improvements and an upgraded core shack/core sawing facility.

"An experienced drill contractor has been selected to carry out the continuous underground drill program," said the company.

In a statement the company noted that the Harrison Lake Gold Project is demonstrating the same geological characteristics as the Snowline Gold deposit situated in the Tintina Gold Belt in the Yukon.

The company said it has identified targets for further exploration of 2 to 10 million tonnes of gold mineralized material and grading between 1.0 to 5.0 grams per tonne (g/t) gold.

"This Target for further Exploration target is based on the current geological understating and historical drilling and identified mineralization, over several widely spaced intrusions over more than 2 kilometers of strike-length and over a combined vertical elevation range of more than 700 meters," said the company.

The company added that detailed drill planning is currently underway on the Harrison Lake Gold Project located on Bear Mountain. It stated that it is now "well positioned" to capture and to capitalize on the "forecasted ascending gold prices."

TTG rose 12.5% in Canada on Monday.

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