Trans Canada Gold Nears Completion of Newly Installed Underground Electrical Facilities, and Drill Pad Set-ups; Prepares for Drilling at the Harrison Lake District Scale Gold Project
Trans Canada Gold (TTG.V) is nearing completion and installation of updated electrical underground facilities, underground drill pad set-ups, and is preparing for Phase 1- Diamond Drilling program at the Harrison Lake Gold Project, the company said on Thursday.Contractors are nearing completion of underground drill setups, upgrading underground electrical facilities, road access improvements and completing an upgraded all weather core shack/core sawing facility, said the company."An experienced drill contractor has been selected and drills have been mobilized to carry out the continuous underground drill program, and will be announced shortly," stated the company.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, it said.The company has identified targets for further Exploration of 2 to 10 million tonnes of gold mineralized material 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," the company stated.Harrison Lake district Scale Gold Project is located in an "advanced gold exploration and development setting", which is fully permitted for targeting identified and known gold zones, in the expectation of increasing its gold resource, added the company."We are nearing final completion and preparing for Phase 1- Drilling at Harrison Lake unlocking the significant gold potential for the expansion on the district scale Harrison Lake Gold Project," said Tim Coupland, President and Chief Executive Officer. "We will be updating the high-quality GIS database of exploration and drilling data available to our staff of seasoned mining professionals and underground diamond drillers ready to start and deliver drilling results. Trans Canada Gold and its geological team is now strategically positioned to further bring its historical gold resource to meet the current CIM standards, and potentially increasing its gold grade to bring these results to its existing shareholders and new investors. The Company will embark on a program to accelerate investor awareness and branding of our unique gold investment opportunity, in this precious metal super-cycle."
