Announcement • Jul 09

Trans Canada Gold Corp Commences Underground Drilling At Harrison Lake Gold Project

Trans Canada Gold Corp. has successfully mobilized its underground drilling rig, drilling equipment and drilling personnel, and has commenced underground drilling on Bear Mountain at the Harrison Lake Gold Project. Paradigm Drilling Ltd, of Kamloops B.C. has been selected drill contractor for underground drilling at the Harrison Lake Gold Project. The Company will be using a Connors 20HH underground diamond drill, with 2.205” NTW Drill core. All underground work will be under the supervision of Carl von Einsiedel, P.Geo, Project Manager. The Company has now completed the installation of updated electrical underground facilities, underground drill pad set-ups, and is now ready for Phase 1- Diamond Drilling program at the Harrison Lake Gold Project. Contractors have completed all underground drill setups, upgrading underground electrical facilities, road access improvements and completing an upgraded all weather core shack/core sawing facility. Follow up drilling will be based on the Projects previous successful historical drill programs targeting gold, focusing on expanding previously discovered gold zones, determining continuity and orientation, locating higher grade extensions of mineralization, and preliminary testing of the remaining, untested mineralized and altered zones within the project areas. 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. Harrison Lake Gold Project is located in an advanced exploration and development setting, and is fully permitted for drilling and targeting identified known gold zones, and increasing its gold resource. Detailed drill planning and targeting is currently underway on the Harrison Lake Gold Project. The Company is well positioned to capture and to capitalize on the forecasted stable and ascending gold prices. Phase 1-Drilling – 6-hole program targeting the highest-grade gold zone around intercept DDH-84-52: 102 meters grading 3.54 g/t gold. Phase 2 Drilling – 8-Hole drilling program targeting multiple high grade gold zones. DDH 88-76 which intersected 7.0 meters averaging 21.4 g/t and DDH 88-121 which intersected 9.0 meters averaging 13.5 g/t, are priority follow-ups. The Company currently has a non-compliant historical gold resource of 220,000 ounces of gold at the Harrison Lake Gold Project. These historic estimates are disclosed solely for context. The historic estimates do not conform to current NI 43-101 standards, are not classified as current mineral resources or mineral reserves, and should not be relied upon. A qualified person has not done sufficient work to classify the historic estimates as current mineral resources or mineral reserves. The Company has identified Targets for further Exploration: 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 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 potential quantity and grade of this gold Target for Further Exploration is conceptual in nature, and there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. 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. Detailed drill planning is currently underway on the Harrison Lake Gold Project located on Bear Mountain. The property covers a 7-kilometre strike length of the gold rich Harrison Lake Structural Zone, with stockwork type gold mineralization within diorite intrusions (Jenner and Portal Zones) including DDH-84-52: 102 meters of 3.54 g/t gold. Jenner and Portal Zones include DDH 88-76 which intersected 7.0 meters averaging 21.4 g/t and DDH 88-121 which intersected 9.0 meters averaging 13.5 g/t. A corridor of similar diorite intrusions and “gold in soil” anomalies that extends for more than two kilometers to the south of the original gold discovery. Follow up drilling of some of these soil anomalies identified more diorite hosted stockwork type mineralization including DDH 88-130 which tested the Hill Zone and reportedly returned 30 meters averaging 3.0 g/t. The style of mineralization is similar to the gold deposit model of the Tintina Gold Belt that straddles the Yukon – Alaska border and it has also been recognized that the mineralized diorite intrusions are localized along a regionally extensive shear zone adjacent to a large diorite batholith. Snowline Gold’s recent discovery of the Valley deposit clearly demonstrates the potential of these types of occurrences. Michael Magrum, exploration manager for the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information used in this news release. The qualified person has not verified the mineralization hosted on adjacent and/or nearby and/or geologically similar properties and is not necessarily indicative of mineralization hosted on the company's properties.

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Trans Canada Gold Corp Continues Underground Drilling At Harrison Lake Gold Project

Trans Canada Gold Corp Commences Underground Drilling At Harrison Lake Gold Project

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