Announcement • Jul 08
Targa Exploration Corp., Annual General Meeting, Sep 17, 2026 Targa Exploration Corp., Annual General Meeting, Sep 17, 2026. Location: british columbia, vancouver Canada New Risk • Jul 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.30m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (46% average weekly change). Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Market cap is less than US$10m (CA$13.2m market cap, or US$9.30m). Announcement • Jul 07
Targa Exploration Corp. Provides El Zanjon Drilling Update And Assay Results For First Two Holes Targa Exploration Corp. announced an update and the first batch of assay results from the Company's ongoing drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina. 9 of 10 drill holes complete, with the final hole expected to be complete shortly. 2,125m drilled as of July 3rd. Assays for holes EZD0003 to EZD0010 expected over the next 4-6 weeks. Holes EZD0001 and EZD0002 were drilled on a north oriented fence in area "NE-AOI" targeting east and east-southeast trending magnetic lineaments coincident with a large multi-element soil anomaly. Both holes intersected basement volcanic rock at approximately 50m depth below surface, beneath approximately 20m of unconsolidated gravel and 30m of Tertiary marine sedimentary rock. Basement volcanic rock consists of strongly oxidised and clay altered coarsely amygdular andesite, followed by a pervasively sericite altered intermediate lithic tuff. The volcanic units encountered are believed to be part of the Middle to Upper Jurassic Chon Aike Formation, the same formation which hosts low-sulfidation gold-silver veins at AngloGold Ashanti's Cerro Vanguardia mine located 30km to the northwest. Fire assay results for EZD0001 and EZD0002 did not return any significant gold values. All samples returned values at or below the detection limit for gold (0.010 ppm). Locally anomalous silver values (2-11 ppm Ag) were encountered in both holes as narrow (0.5 to 4m wide) zones predominantly within the altered amygdular andesite. Terraspec mineral readings of the clay phases in these two holes indicate an alteration assemblage dominated by kaolin (kaolinite and halloysite) and smectite group (beidellite) clays, which could reflect the distal alteration halo of a low-sulfidation epithermal system, or a paleo-weathering profile, it is unclear at this point. The presence of illite between 193m and 230m in EZD0002, and barite between 106m and 111m in EZD0001, are positive indicators of a possible epithermal source to the alteration seen in these two holes. Chalcedonic quartz is locally present as narrow hematite-stained veins or as amygdule infill. The presence of late chalcedonic quartz may also be an indication of a distal epithermal alteration. A total of 2,125m has been completed as of July 3, 2026 and drilling is currently progressing on the tenth and final hole of the program, expected to be complete shortly. The drill program has been testing three main areas of interest. The NE-AOI and NW-AOI areas contain large multi-element soil anomalies which are coincident with the predominantly east-west trending magnetic lineaments interpreted to reflect bedrock structures. The EZ Fault Area consists of a >25km long northwest trending structure that is clearly visible in the ground magnetics with possible kilometer-scale sinistral offset. Drill holes EZD0001 to EZD0007 were collared in the NE-AOI testing both east-west and northwest-southeast interpreted structures underlying soil anomalies. Drill hole EZD0008 was collared in the NW-AOI, approximately 4km northeast of the only known outcrop on the El Zanjon property. This outcrop consists of a welded feldspar-quartz porphyritic ignimbrite similar in appearance to the 'Granosa' mine unit which hosts the bulk of mineralized epithermal veins at Cerro Vanguardia. Holes EZD0009 and EZD0010 were both collared in the EZ Fault Area to test the most significant break in the ground magnetics seen on the project and were collared 2.5km apart. Drill core for the El Zanjon project was transported daily from the drill to the logging facility where it was logged, photographed, and split by diamond saw prior to being sampled. Internal blanks and certified reference materials were inserted into the sample stream at regular intervals as part of Targa's internal quality assurance and quality control ("QA/QC") program. Groups of samples were then placed in sealed and tagged large bags and transported under chain-of-custody protocols from the project site to Alex Stewart International (ASI), an ISO 9001 and ISO 17025 certified analytical laboratory, in San Julian, Argentina. Sample preparation at ASI consists of drying, crushing and pulverizing to <106µm (prep code P1 and P5). Following preparation, pulp samples were then shipped to ASI in Perito Moreno, Argentina for fire-assay gold and silver analysis (code Au4-30 and Ag4A-30), and to ASI in Mendoza, Argentina for 39-element multi-acid ICP-OES (code ICP-MA 39) to determine trace element composition. All results presented passed the QA/QC screening at the ASI labs, as well as Targa's internal QAQC program within acceptable limits. 
