Investorideas.com (www.investorideas.com newswire), a top rated investor news site for breaking mining stock news,
issues breaking news and trading for Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF).
The stock is at 0.9500 +0.0300 (+3.26%) on news.
Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a
Canadian exploration company engaged in the acquisition, exploration,
and development of gold mineral properties with headquarters in
Vancouver, British Columbia. The Company’s focus is on early-stage
projects in premier mining jurisdictions with strong potential for
making Tier 1 grass roots precious metals discoveries. Targa’s
principal asset is its Opinaca gold project in Quebec where wide-spread
gold mineralization was recently discovered during a maiden drill
campaign in 2025. The Company has also recently acquired options to
earn up to 80% equity interests in the Venidero and El Zanjon
gold-silver projects in Santa Cruz, Argentina and is actively drilling
at El Zanjon.
Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) today
provided an update on recent corporate milestones and project updates
from Targa’s ongoing drill program at the El Zanjon gold-silver project
in Santa Cruz, Argentina and Opinaca gold discovery in Quebec.
Highlights
- Management team and board strengthened by recent additions in 2026;
- Drill production significantly improved at El Zanjon gold-silver project with new rig and crew;
- El Zanjon drill program expanded from 2,250m to 3,250m;
- Visible gold seen in first hole (EZD0001);
- Initial assays expected mid to late June;
- Three holes now complete with drilling on hole EZD0004 underway;
- Planning underway for next phase of work at Opinaca gold discovery in Quebec;
- Investor meetings and presentations taking place in Quebec City this week.
“Our year got off to a strong start with the announcement of our
Opinaca gold discovery in January,” commented Targa CEO, Cameron
Tymstra. “Over the last several months we have bolstered our team
with the addition of a new CFO, Corporate Secretary, and VP of
Exploration, all of whom are well respected in their fields, speak
Spanish, and bring many years of industry experience to the table.
Bryce Roxburgh, with his five decades of deposit discovery success,
is a new pillar of technical expertise on our board since joining as
a director in March and is already a key contributor to our
exploration strategy.
Since mobilizing a new, larger drill rig after hole EZD0001 to El
Zanjon, drill production has improved significantly. We have now
completed three drill holes and are progressing well on EZD0004.
The early observation of visible gold in the first hole was an
encouraging sign of El Zanjon’s potential to host epithermal
gold-silver systems. Samples from the first two drill holes have
been delivered to the lab and initial assays are anticipated by late
June. The board, confident in the early observations from these
first holes, has approved a 1,000m increase to the drill program to
allow our team to add at least 4 additional drill holes in these
target areas.
Targa is on the road in Quebec City this week meeting and presenting
to investors at THE Mining Investment Event and in the planning
stages for the next phase of work at Opinaca. With drilling now
progressing at pace in Argentina and samples at the lab, investors
can expect a steady flow of exploration related news over the summer
months both from El Zanjon and Opinaca.”
Management Team and Board
Since the start of the year there have been three significant additions
to Targa’s management team. Alex Adams, a Chartered Professional
Accountant (CPA, CGA) joined the team as the new CFO (see January 21,
2026 press release). Mr. Adams has over 14 years of experience in the
mineral exploration industry and was recently CFO of Rugby Resources
Ltd. Susy Horna was appointed the new Corporate Secretary in May (see
April 30, 2026 press release) and recently held similar roles with
Gatos Silver Inc. and First Majestic Silver Corp. Both Alex and Susy
are native Spanish speakers with considerable experience working for
Canadian exploration companies with South American operations.
Ryan Weston rounded out the additions to the management team last week
when he joined Targa as the new Vice President of Exploration (see May
25, 2026 press release). With 25 years of international experience,
including in Latin America, he played key roles in the successful sale
of Carlisle Goldfields to Alamos Gold in 2016, and of Noront Resources
to Wyloo in 2022. Ryan will be driving the Company’s exploration
strategy, with guidance from the board’s newest director Bryce
Roxburgh, as Targa advances its gold discovery portfolio. Bryce
Roxburgh, who was a leader behind the teams at Extorre, Exeter Resource
Corp., and Rugby Resources, all of which were successfully sold to the
likes of Yamana, Goldcorp, and Andina Copper, respectively, joined
Targa’s board of directors in March (see March 3, 2026 press release).
Mr. Roxburgh has an extensive track record of successful mineral deposit
discovery throughout Latin America, including in the Santa Cruz Province
of Argentina where Targa operates.
El Zanjon Drill Program
The first three drill holes have now been completed at El Zanjon.
Drilling is currently progressing on the fourth hole, which was at a
depth of 164m as of the morning of June 1, 2026. The more powerful
drill rig, additional tooling, and new supervisor, which were all
mobilized to site after challenges drilling through the overburden in
the first hole, have made dramatic improvements in drill production.
Based on the exciting initial observations of visible gold from hole
EZD0001 (see press release dated May 19, 2026), Targa will now expand
and extend the drill program from 2,250m to 3,250m – an initial 44%
increase.
Holes EZD0003 and EZD0004 are on a new drill fence, located
approximately one kilometer east of the first drill fence containing
holes EZD0001 and EZD0002. This new drill fence is designed to test a
different structure trending E-W, as interpreted from magnetic data,
and the coincidence of elevated gold and silver values seen in the
ionic leach soil sampling (see press release dated March 2, 2026 for
additional details).
After Hole EZD0004, the drill rig will move back to the first drill
fence to drill a scissor hole with opposite azimuth to EZD0001 and
EZD0002 to better understand the orientation of the mineralized
structures and rock units encountered in those first two holes. The rig
will then move roughly 1.5 km SE along strike of the same interpreted
structure where additional anomalies in the geochemistry are observed.
Samples from holes EZD0001, including from the intervals containing
visible gold and electrum, and EZD0002 have been delivered to the Alex
Stewart International prep lab in Puerto San Julian. After preparation,
sample pulps will be sent for Au-Ag fire assay in Perito Moreno.
Initial Au-Ag assay results are currently anticipated before the end of
June. As this is the first time the Company has worked with this lab
in Argentina and this is the first batch of samples sent, the Company
urges caution in relying on the turn-around time estimates provided by
the lab.
Opinaca Project
Ryan Weston, Targa’s new VP of Exploration, has been brought up to
speed on the Opinaca gold discovery, with a top interval of 13.88g/t
Au over 3.65m (see January 21, 2026 press release), and is working
with Kenorland Minerals to plan the next phase of work at the project
for 2026. Kenorland Minerals will continue to act as Project Operator
at Opinaca and Targa expects to be able to provide final details of
the 2026 Opinaca exploration program, including budget, drill plan, and
schedule, in the coming weeks as those items are finalized.
Marketing and Investor Outreach
Targa CEO, Cameron Tymstra, will be in Quebec City this week
participating in THE Mining Investment Event, Canada’s only Tier 1
Global Mining Investment Conference, taking place June 2-4, 2026.
Management will be taking 1-on-1 investor meetings throughout the
three-day conference. Investors can contact Mr. Tymstra directly at
cameron@targaexploration.com. The Company will also be presenting to investors at the Mi3
Communications investor dinner in Quebec City on June 2, 2026,
providing an update and answering questions on the Company’s active
drill program at El Zanjon.
Stock Option Correction
The Company press release issued on May 25, 2026 included an incorrect
exercise price for the 100,000 incentive options issued to Targa’s new
Corporate Secretary. The correct exercise price of those options is
$0.77.
Technical Disclosure
The technical information contained in this news release has been
reviewed and approved by Ryan Weston, P.Geo., Vice President of
Exploration for Targa Exploration Corp., who is the Qualified Person
for the El Zanjon project as defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
Full News
https://targaexploration.com/targa-provides-corporate-and-project-updates-board-approves-expansion-of-el-zanjon-drill-program/
Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a
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