Announcement • May 03
Targa Exploration Corp. Announces Executive Changes Targa Exploration Corp. announced the appointment of Susy Horna to the role of Corporate Secretary, effective May 1 . Originally from Peru, Susy brings numerous years of experience in the legal aspects of the mining, oil and gas and shipping industries. Prior to joining Targa Exploration, Susy served as Manager, Corporate Records and Governance for First Majestic Silver Corp., and prior to the acquisition by First Majestic Silver Corp. as Corporate Secretary of Gatos Silver Inc. Susy has also served as Corporate Secretary for various public and private companies within the Augusta Group of Companies, and as paralegal for Pacific Northwest LNG, Seaspan Corporation and Southwestern Resources Corp., where she was responsible for diverse matters relating to corporate and securities law, in particular, corporate governance and continuous disclosure. The outgoing Corporate Secretary is Jen Hanson, company is thankful for the professionalism, experience, and wisdom she has brought to Targa over the past few years and for helping to build Targa's strong foundations as a public company. Announcement • Mar 05
Targa Exploration Corp. Announces Appointment of Bryce Roxburgh to Its Board of Directors, Effective 3 March 2026 Targa Exploration Corp. announced the appointment of Bryce Roxburgh to its Board of Directors, effective 3 March 2026. Mr. Roxburgh brings five decades of mineral deposit discovery experience and strategic leadership from around the globe, with significant experience making worldclass discoveries in South America. Mr. Roxburgh is an accomplished geologist and currently a Director at Andina Copper, which recently acquired Rugby Resources where Mr. Roxburgh was a founding shareholder and former CEO. He founded Exeter Resource Corporation ("Exeter") in 2003 which was acquired by Goldcorp in 2017 after Exeter discovered and progressed the Caspiche copper-gold porphyry deposit in Chile. Extorre, a company spun out to Exeter's shareholders, separately advanced the Cerro Moro gold discovery in Santa Cruz, Argentina until it was acquired by Yamana Gold in 2012. His career has covered Australia, South-East Asia and South America and includes senior technical and management roles with Amoco Minerals Australia Company and Cyprus Mines Corporation, where he led teams that discovered multiple orebodies including Selwyn and Red Dome mines. Mr. Roxburgh was the Exploration Manager managing the discovery team for the Didipio gold-copper mine in the Philippines. He holds a BSc (1971) in Geology and Geophysics from the University of Sydney. Announcement • Mar 03
Targa Exploration Corp. Announces Upcoming Exploration Plans for its El Zanjon and Venidero Gold-Silver Projects in Santa Cruz, Argentina for 2026 Targa Exploration Corp. announced upcoming exploration plans for its El Zanjon and Venidero gold-silver projects in Santa Cruz, Argentina for 2026. Highlights: Geological mapping and prospecting now underway at Venidero; Previously identified 2.5km-long Gorganzola Vein (up to 4.45g/t Au at surface); Plan to cover northern half of the 10,736ha project; 2,000-2,500m fully-funded maiden drill program planned for El Zanjon; Targeting low-sulphidation epithermal gold-silver systems like Cerro Vanguardia; EIS ("Environmental Impact Statement") extension approved for Venidero, expecting EIS for El Zanjon shortly. A geological mapping and prospecting team has mobilized to the Venidero project, referred to as Morobayo on the mineral concession titles, and begun work mapping the northern half of the project on a 1:10,000 scale. The mapping work is expected to take 2-3 weeks to complete. The El Zanjon Project, now covering 57,276ha, is located 30km south of AngloGold's Cerro Vanguardia mine andits along the same major fault zone. The Company is targeting a possible repeat on El Zanjon of the same structural and geological conditions that host the Cerro Vanguardia epithermal gold-silver mineralization. Local contractors are currently completing several days of flora and fauna study in the areas of interest where Targa is planning its maiden drill program. This study is the final item outstanding to receive approval of the exploration-level Environmental Impact Statement that will allow the Company to drill at El Zanjon. Payment for the EIS has been made, and receipt of final approval is anticipated shortly. These samples were taken in the areas of interest, identified from earlier soil sampling and geophysics work, on a 40m sample spacing. The geochemistry results are expected in the next one to two weeks and will be used to assist with collar location selection for the first drill holes of the maiden drill program. Drill Program: Targa is planning a minimum of 2,000m of diamond drilling at the El Zanjon project, tentatively scheduled to begin in late March, pending receipt of the EIS, and to continue through April and May. Geophysics and geochemistry work completed by Rugby Resources in previous work seasons has identified two large areas of interest where elevated gold and silver levels were observed in the ionic leach geochemistry from the soil samples. Ground magnetic surveys conducted at line spacings of 320m, 160m, and in some target areas, 80m, have defined fault structures and flexures considered essential for hosting potential gold-silver mineralization like that seen at the Cerro Vanguardia and Cerro Moro vein systems. It is the combination of these structures with elevated gold-in-soil values, particularly in the northeastern area of the project, where Targa will be planning its initial drill holes. Both the maiden drill program at El Zanjon and the fieldwork at Venidero are fully funded from the recently closed private placement. Announcement • Feb 20
Targa Exploration Corp. announced that it has received CAD 4.025 million in funding On February 19, 2026, Targa Exploration Corp. closed the transaction. The company in connection with the transaction issued 16,100,000 units of the Company at a price of CAD 0.25 per Unit for gross proceeds of CAD 4,025,000. Each Warrant entitles the holder thereof to acquire one additional Share at a price of CAD 0.50 per Warrant Share until February 19, 2028, subject to an acceleration clause. If the 10-day volume-weighted average trading price of the Shares as quoted on the Canadian Securities Exchange is equal to or greater than CAD 0.90 at the close of any trading day, then the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release announcing that the expiry date of the Warrants shall be deemed to be on the 30th day following the issuance of the Warrant acceleration press release. All Warrants that remain unexercised following the accelerated expiry date shall immediately expire and all the rights of holders of such Warrants shall be terminated without any compensation to such holder. In connection with the Offering, the Company paid finders fees of an aggregate of CAD 218,700 in cash and issued an aggregate of 874,800 finders warrants of the Company to certain eligible arm's length finders. Each finders Warrant entitles the finder to purchase one common share of the Company at a price of CAD 0.50 per finder Warrant Share until February 19, 2028. An officer of the Company subscribed for an aggregate of 40,000 Units for gross proceeds of CAD 10,000 under the offering. Participation by this insider of the Company in the offering constitutes a related-party transaction. All securities issued pursuant to and in connection with the closing of the offering, including finder Warrant Shares issuable upon the exercise of finder Warrants, are and will be subject to a hold period expiring June 20, 2026. Announcement • Jan 21
Targa Exploration Corp. Announces Discovery of Wide Gold Mineralization at Opinaca Including Up to 13.88g/t Au over 3.65m Targa Exploration Corp. announced that the 2025 fall drill program represents the first-ever drilling at the Project, following two years of systematic exploration. The spatial association of gold with albite-altered tonalites, quartz-feldspar veinlets, arsenopyrite, and pegmatites is similar to the Cheechoo gold deposit (Sirios Resources), also located in the James Bay region, undersccoring the potential for a significant intrusion-related gold system at the Opinaca Project. The 2025 fall drill program represents the First Quarter drilling at the Project, following 2 years of systematic exploration. Theatial association of gold with albite -altered tonalites, Quartz-feldspar veinlets., arsenopyrite, and pematites is similar to theCheechoo gold deposit (Sirio Resources), also located in theJames Bay region, underscoring the potential for asignificant intrusion-related gold system at The Opinaca Project. Results from each of the three drill fences are summarized below: Western Fence: Targeted up-ice of a gold grain in till anomaly in proximity to an interpreted NE trending structure. Announcement • Jan 09
Targa Exploration Corp. Expands El Zanjon Gold-Silver Project Targa Exploration Corp. announced that three additional exploration concessions have been granted for the El Zanjon gold-silver project, located in Santa Cruz, Argentina. The Company has also issued the first tranche of option payment shares to Aegis Resources Ltd. Highlights. El Zanjon project expanded by 66% from 34,521ha to 57,276 contiguous hectares. New concessions cover areas of interest and potential extensions of geochemical anomalies. A total of 1,250,000 shares of TEX were issued to Aegis at a price of $0.20 per share. Three additional exploration concessions at the El Zanjon project have been granted. The three concessions combined cover 22,755ha and sit at the north, east, and southwest edges of the previous project limits. of the primary area of interest in the northeast area of the project previously identified by the soil sampling work conducted by Rugby Resources. The northern extension covers an area of 6,383ha with some elevated gold values in the soil sampling work. The southwestern extension covers 8,365ha of an unexplored area that the team believes may have potential for similar structural and geological conditions as other areas of interest. The El Zanjon project now covers a total of 57,276 contiguous hectares of prospective ground in the prolific Deseado Massif. The additional exploration concessions are subject to the same option agreement terms as the original claim group. Announcement • Oct 17
Targa Exploration Corp. Reports Visible Gold Discovery In Ongoing Diamond Drilling Program At Opinaca Gold Project Targa Exploration Corp. announced updates and observations from the ongoing diamond drilling program at its Opinaca Gold Project located in the James Bay region of Quebec. Seven drill holes were completed with the eighth and final drill hole nearing completion. A total of 3,272m was drilled as of October 13th. More than ten grains of visible gold were seen in drill hole 25OPDD007. Gold was seen on both sides of the drill core at a depth of 460m. With the completion of drill hole 25PODD007 ("Hole 7") at a final depth of 519m, a total of 3,272m has been drilled at Opinaca as of October 13th. The eighth and final drill hole of this campaign is expected to be completed in one or two days with a target depth of 350m, bringing the total projected meterage to an estimated 3,620m. Once completed, logged, and sampled, all drill core samples will be shipped together to a lab for analysis. Results are expected prior to the end of the year. Hole 7 was added to the drill program to test to the north of 25OPDD001 where a metaquartzite unit mineralized with pyrite and pyrrhotite was encountered at the top of that hole followed by a metawacke with observed pyrite and arsenopyrite. At a depth of 460m in Hole 7 more than ten grains of visible gold were observed on both sides of the drill core within a quartz-pegmatitic vein associated with pyrite, arsenopyrite, and moderate chlorite and weak calcite alteration. The vein occurred within a fine-grained, dark green. Announcement • Oct 09
Targa Exploration Corp. Announces Expansion of Drill Program at Opinaca Gold Project in the James Bay Region of Quebec Targa Exploration Corp. announced an expansion of the ongoing diamond drilling program at its Opinaca Gold Project located in the James Bay region of Quebec. Highlights: Drilling progressing ahead of schedule and under budget; 2,513m and five drillholes completed as of the morning of October 6th; Approved expansion of drill program from 2,500m to 3,250m. The maiden drill program at Opinaca is being expanded from 2,500m to approximately 3,250m and is currently scheduled to be complete by the 15th of October. The first five of six drill holes originally planned at the start of the program have been completed ahead of schedule. The expanded plan will include the lengthening and movement of the sixth original hole further to the north. This hole is currently being drilled with a target depth of 575m and is collared in an area where multiple gold-bearing boulders were discovered in 2024. A seventh hole will be added to the north of Hole #1 with a target depth of 525m to target a quartz-rich meta-arenite unit mineralized with trace pyrite and trace arsenopyrite encountered in the top of Hole #1 and seen in outcrop north of Hole #1. Sections of metawacke with two-toned bleaching halos containing very fine pyrite and track arsenopyrite around thin quartz veinlets have been drilled in Hole #2 and Hole #3. A 25m section of metawacke with 15% leucosome veinlets and local trace pyrite was also encountered in Hole #2 which is located about 2km up-ice from a leucosome boulder sampled in 2024 that returned 0.6g/t Au. All core samples will be delivered to the lab once drilling is complete, with assays results expected mid to late November. Announcement • Sep 21
Targa Exploration Corp. Announces Start of Drilling At Opinaca Gold Project Targa Exploration Corp. announced that drilling has commenced at its Opinaca Gold Project ("Opinaca") located in the James Bay region of Quebec. Kenorland Minerals is acting as Project Operator and managing the maiden drill program at Opinaca. Highlights: A minimum of 2,500m of core drilling planned; Average depth hole depth of 415m; Targeting intersection of magnetic domain boundary and interpreted structures; Drill holes located at head of gold-in-till trains. Drill ProgramThe maiden drill program at Opinaca is planned to test the large 4km-long magnetic anomaly that sits below the significant gold-in-till signature discovered from 2023 and 2024 surface sampling. Kenorland Minerals is continuing to act as Project Operator at Opinaca with the drilling being conducted by Chibougamau Diamond Drilling of Quebec. Drilling commenced on night shift of September 14 and is expected to take approximately 30 days to complete. Drilling and support crew are based out of the Winsome camp on the all-season Trans-Taiga road and travelling to and from site via helicopter. The drill program will consist of a minimum of 2,500m of diamond core drilling. The first six holes are planned as three fences of two holes each ranging from 340 to 450m deep, with an average hole depth of 415m. The first drill fence will test the magnetic domain boundary at the head of a 1km-long string of Heavy Mineral Concentrate ("HMC") samples that all returned more than 40 grains of gold each. The second fence will target what is interpreted as a possible nose of a fold hinge in an area with the highest concentration of boulders with >0.1g/t Au, including the highest value found to date on the property of 6.67g/t Au. The third fence will target an area of interest with the highest gold grain count from HMC sampling of 123 gold grains. Targa's drill permits for Opinaca cover 20 drill pad locations around the magnetic and geochemical anomaly. If time and budget permit, and based on observations of drill core from the first holes, significant optionality exists for moving the drill rig to alternate locations. Announcement • Aug 26
Targa Exploration Corp. announced that it has received CAD 1.007375 million in funding On August 25, 2025, Targa Exploration Corp closed the transaction. The company issued 6,715,834 flow-through shares at a price of CAD 0.15 per FT Share for gross proceeds CAD 1,007,375.1. In connection with the Offering, the Company paid finders fees of an aggregate of CAD 50,092.51 in cash and issued an aggregate of 333,950 finders warrants of the Company. Each Finders Warrant entitles the finder to purchase one common share of the Company at a price of CAD 0.30 per Finder Warrant Share until August 25, 2027. All securities issued pursuant to and in connection with the closing of the Offering, including Finder Warrant Shares issuable upon the exercise of Finder Warrants, are and will be subject to a hold period expiring December 26, 2025. Announcement • Aug 08
Targa Exploration Corp. announced that it expects to receive CAD 0.5 million in funding Targa Exploration Corp announced a non-brokered private placement to issue 3,333,333 Flow Through Shares at a price of CAD 0.15 for aggregate gross proceeds of CAD 499,999.95 on August 8, 2025. The transaction is expected to close on or about August 22, 2025. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and a day from the Closing Date. Announcement • Aug 06
Targa Exploration Corp. Identifies 4Km-Long Magnetic Anomaly At Opinaca Gold Trend Targa Exploration Corp. announced it has received results of an airborne magnetic survey conducted at the Company's Opinaca Gold Project located in Quebec, Canada. The Company has also submitted drill permit applications in preparation for a maiden drill program at Opinaca. Highlights: 4km-long magnetic anomaly identified at center of target gold trend; Interpreted interaction of ENE trending structures and fold hinges are ideal orogenic gold traps; Drill permit applications submitted. An airborne geophysical survey was conducted by ALS Goldspot Discoveries Ltd. ("ALS"). ALS completed the survey using their Multi- parameter Acquisition Survey System via helicopter to collect high-resolution magnetic gradient and VLF-EM data over the main gold target trend at Opinaca. The highest concentration of gold boulders with >0.1g/t Au from the 2024 boulder prospecting program also occurs at this location, including the highest gold value found to date on the property of 6.67g/t Au. In this area the ENE trending structure intersects the eastern boundary of the magnetic domain and is coincident with the highest gold grain count observed in HMC sampling of the till with 123 gold grains, approximately 70% of which were considered pristine. Pristine gold grains can suggest a short travel distance from bedrock source. The northwestern target area is located at the head of a string of HMC samples with very high gold grain counts and sits along the intersection of a ENE structure and the northern boundary of the magnetic domain. Targa is currently working with its advisors and the technical team at Kenorland Minerals to design the maiden drill program for Opinaca. The drill program is being scheduled to start in mid-September, and the Company will release further details as those materialize. Announcement • Jul 15
Targa Exploration Corp., Annual General Meeting, Sep 24, 2025 Targa Exploration Corp., Annual General Meeting, Sep 24, 2025. Location: british columbia, vancouver Canada Announcement • Jun 07
Targa Exploration Corp. announced that it has received CAD 2.6112 million in funding On June 6, 2025. Targa Exploration Corp. has closed the transaction. It has issued 6,650,200 hard dollar common shares of the Company at a price of CAD 0.10 per HD Share for proceeds of 665,020, 1,959,001 flow-through shares of the Company at a price of CAD 0.12 per FT Share for proceeds of CAD 235,080.12 and 12,050,000 charity flow-through shares of the Company at a price of CAD 0.142 per CFT Share for proceeds of CAD 1,711,100 and gross proceeds are CAD 2,611,200.12. In connection with the Offering, the Company paid finders fees of an aggregate of CAD 104,400 in cash and issued an aggregate of 1,024,000 finders warrants of the Company to certain eligible arm's length finders. All securities issued pursuant to and in connection with the closing of the offering, including finders' warrant shares issuable upon the exercise of finders' warrants, are and will be subject to a hold period expiring Oct. 7, 2025. Announcement • May 13
Targa Exploration Corp. announced that it expects to receive CAD 2.6 million in funding Targa Exploration Corp announced a non brokered private placement to issue Hard dollar Common Shares of the Company at a price of CAD 0.1 per share, Flow through Shares of the Company at a price of CAD 0.12 per share and Charity Flow through Shares of the company at a price of CAD 0.142 per share for aggregate gross proceeds of CAD 2,600,000 on May 13, 2025. The transaction is expected to close on May 30, 2025. The securities offered in the transaction will be subject to a hold period of four months and one day from the closing date. Announcement • May 07
Targa Exploration Corp. announced that it expects to receive CAD 0.5 million in funding Targa Exploration Corp. announced a non-brokered private placement of hard dollar unit and flow through shares at a price of CAD 0.02 per security for the gross proceeds of CAD 500,000 on May 7, 2025. Each HD Unit will consist of one common share of the company and one-half of a common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.06 per Warrant Share until the date which is 24 months following the Closing Date. Closing of the offering is anticipated to occur on or about May 30, 2025 and is subject to customary closing conditions. In connection with the offering, the company may pay finder's fees to eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of four months and a day from the Closing Date. Announcement • Nov 26
Targa Exploration Corp. Finds Up to 6.7G/T Au in Boulders At Opinaca Gold Project Targa Exploration Corp. announced the results of its September exploration program at the Company's 100%-owned Opinaca Gold project, located in the James Bay region of Quebec. Highlights: A dozen boulder samples returned >0.1g/t Au with a high sample of 6.67g/t Au Up to 123 gold grains in Heavy Mineral Concentrate sampling In-fill HMC sampling continues to support thesis of the presence of a gold system along the 7km target trend. Planning next phase of exploration at Opinaca including airborne geophysics and additional ground work. September Field Program Results Heavy Mineral Concentrate Sampling: During the September field program 113 additional HMC samples were taken on a grid of 500m by 250m along the previously identified 7km target gold trend. The HMC samples were processed at Overburden Drilling Management's lab in Ottawa. Gold grain counts from the HMC samples continue to support the thesis of the existence of a gold system along the trend with the majority of samples taken down ice from the trend returning elevated grain counts. Many samples returned gold counts in excess of 25 grains, including a new high grain count for the project of 123 gold grains per normalized 10-kg sample, 79% of which were considered pristine grains. Similar to the HMC sampling conducted in June, many of the latest batch of HMC samples showed elevated to high percentages of pristine gold grains, indicating a shorter transportation distance of the gold grains from a bedrock source. Rock Sampling, A 6-person geology crew spent 1 week prospecting in the area along and down-ice from the 7km gold target trend. Over 300 rock samples, mostly from boulders, were taken in the project area. All rock samples were processed at the ALS Minerals lab in Sudbury. Anomalous gold values were found in boulders representing multiple geological units with twelve samples returning greater than 0.1g/t Au. The 6.67g/t Au sample came from a sub-rounded boulder of a large 20cm laminated quartz vein located near the head of the till train anomaly. The quartz vein contained small amounts of mafic wall rock, minor arsenopyrite occurring in chlorite-biotite-diopside bands, and minor pyrite occurring as disseminations along fractures. Other anomalous boulders found near the gold target trend include mafic units, leucosomes, and paragneiss, demonstrating a variety of gold-bearing rock units at Opinaca. The number of samples taken from directly above the target trend was limited due to sparse outcrop and boulders observed in that area. There is a low region in the local topography, seen from the LiDAR data, for several kilometers along the center of the target trend that makes identification of boulders and outcrop challenging. A detailed interpretation of the LiDAR data is ongoing by Les Consultants Inlandsis, experts in glacial geology, to aid in identification of the source of gold that has been extensively observed in glacial till samples at Opinaca. 2025 Exploration Program, Targa's technical team is working with Kenorland to formulate the next phase of work for Opinaca which is currently planned for 2025. Next steps at the project will include airborne geophysics to better understand the buried geology, contact zones, and potential structures that may be playing a role in the local deposition of gold. Additional prospecting and mapping work on the ground is also being planned in preparation of identifying drill sites for a maiden drill program. Greater detail on the next phase of work is expected by Quarter one 2025. Announcement • Oct 04
Targa Exploration Corp., Annual General Meeting, Dec 11, 2024 Targa Exploration Corp., Annual General Meeting, Dec 11, 2024. Location: british columbia, vancouver Canada Announcement • Sep 12
Targa Exploration Corp. Announces the Next Phase of Exploration at Opinaca Gold Project Targa Exploration Corp. announced the next phase of exploration has begun at the Company's 100%-owned Opinaca Gold project (‘Opinaca’), located in the James Bay region of Quebec. Highlights: Intensive prospecting and rock sampling along 7km target gold trend, Higher density grid of Heavy Mineral Concentrate (‘HMC’) sampling, Goal to identify bedrock source of gold found in local till samples Field program will be completed within a week, Results expected mid to late October. The next phase of work that is underway at Opinaca, being executed by project operator Kenorland Minerals and Targa's geology team, will take approximately 1 week to complete. A 6-person geology team will focus their prospecting and mapping efforts along the 7km-long target gold trend identified from June till and HMC sampling. The team will be sampling boulders and outcrops with the goal of identifying the source rock unit that is hosting the gold that has been seen in the HMC and fine fraction till samples. In addition to the geology team, a field team of four will be taking approximately 115 additional HMC samples along and down-ice from the target trend to tighten up the June HMC grid from 1km x 500m sample spacing to 500m by 250m. Sample results from the field program are anticipated mid to late October and are expected to help with planning a maiden drill program sometime in 2025. Announcement • Aug 30
Targa Exploration Corp. Announces Results from the June Exploration Program At the Flagship Opinaca Gold Project, Located in the James Bay Region of Quebec Targa Exploration Corp. announced results from the June exploration program at the Company's flagship Opinaca Gold project, located in the James Bay region of Quebec. The exploration program, executed on behalf of Targa by Kenorland Minerals, consisted of an expansion of the 2023 regional scale till sampling program and in-fill till sampling over suspected target bedrock areas. Heavy mineral concentrate samples were also taken in the areas of the in-fill sampling to search for gold grains and rock and boulder sampling and mapping were conducted in several areas up-ice from the till anomalies identified in 2023. Identified as an area of interest at the beginning of the season, an East-West trending lineament that has been interpreted from topographic features and regional magnetic gradient data has emerged as the primary gold target at Opinaca. Regional and in-fill fine fraction till sampling completed in September 2023 and June 2024 show anomalous gold values across an area that is roughly 7km by 5km in size. This area appears to occur along and down-ice from the E-W lineament. HMC sampling along 1km-spaced lines and taken at 500m intervals returned elevated gold grain counts along this trend and just down-ice in the estimated glacial direction, further supporting the Company's target interpretation. The anomalous HMC samples showed elevated to high percentages of pristine gold grains (roughly 25-50%), indicating a shorter transportation distance of the gold grains from a bedrock source. Targa's geology team and advisors believe the overlapping gold in fine fraction till sampling and gold grains in the HMC sampling occurring along and down-ice from the E-W lineament point to significant potential for a bedrock gold source along this trend. Next Phase of Exploration: Targa and Kenorland are currently planning a return trip to Opinaca in September 2024 with a focus on further refining the 7km gold exploration target trend. This work will include a higher density of HMC sampling on a 500m x 250m grid over the trend, extensive geological mapping and prospecting conducted by Targa and Kenorland geologists, and likely an airborne magnetic and VLF geophysics survey. In-fill till sampling around the eastern anomaly, identified from 2023 regional till sampling, further refined this target to an area that appears to be at the confluence of several intersecting structures that have been interpreted from regional magnetics. HMC sampling in this area also returned the highest normalized gold grain sample on the project with 98 total grains, 94 of which were considered pristine. Follow-up work at the Eastern Anomaly is being planned for summer 2025. HMC samples taken during the June 2024 field program consisted of roughly 10kg of till from each sample site and were sent to the Overburden Drilling Management Limited ("ODM") lab in Ottawa. ODM conducted a qualitative and quantitative examination of the higher density portion of the samples by producing a heavy mineral concentrate. This allows the heavy minerals, including gold grains, to be examined and counted under a microscope and with scanning electron microscopy or electron microprobe for particle shape and composition. As the actual sample weight from each site varied, the gold grain counting results from the lab are normalized to an equivalent 10 kilogram sample size to adjust for this sample weight variation. Particle shape of gold grains can help identify distance to source with rounded or abraded grains having travelled a greater distance than more angular or pristine grains, which are expected to have come from a more local source. Announcement • Jul 12
Targa Exploration Corp. Completes Next Phase of Work At Opinaca Gold Project Targa Exploration Corp. announced the completion of the next phase of exploration fieldwork at the Company's Opinaca Gold and Lithium project (‘Opinaca’), located in the James Bay region of Quebec. Highlights: 2,588 regional and in-fill untill samples taken near previously identified gold anomalies; 72 Heavy Mineral Concentrate samples to look for gold grains; Over 130 rock samples from boulders and outcrops; Lab results expected in August with plans for additional fieldwork in September. Opinaca Exploration Program: The main goal of this phase of exploration was to identify the heads of the two gold-in-till anomalies identified during 2023 sampling. untill sampling continued at a 1km line spacing with samples tested in camp with a portable X-ray fluorescence (‘pXRF’) machine to estimate arsenic values. Arsenic had a strong correlation with gold in the lab results from 2023 and was used as a proxy for gold in the field to identify the heads of the untill trains where in-fill untill sampling on 250m line spacing continued. Field measurements with a pXRF are not as reliable as those obtained in a lab and the field results will be reconciled with the lab results when they are received. Two very clear and distinct untill train heads were successfully identified 1 to 4km up-ice from the 2023 anomalies. A third area of interest was also identified by the Kenorland team. These areas will be the focus of future exploration. A total of 2,588 untill samples were taken in this phase of work, all of which have since been submitted to a lab for analysis. Results of the untill samples are expected in August. Boulder and Outcrop Prospecting: Targa's four-person geology and prospecting crew, led by Exploration Manager Adrian Lupascu P.Geo, conducted an extensive prospecting and mapping program in the target areas and took over 130 samples from outcrops and boulders. Several outcrops and boulders with disseminated arsenopyrite were identified, as well as a field of actinolite boulders in close proximity to the highest-grade gold untill results from 2023. HMC Samples: A total of 72 heavy mineral concentrate (‘HMC’) samples were taken in the areas of the gold and lithium anomalies identified in 2023. The 10kg samples of the untill were sent to a lab for separation into density fractions and will be analyzed under a microscope to look for and count gold grains to assess their quantity and shape. Gold grain shape can indicate possible travel distances and aid in narrowing down bedrock source locations. Preliminary gold grain counts are expected in 3-4 weeks. Next Phase of Work: The Targa geology team will have another opportunity to return to Opinaca in September to follow up on the expected results and to continue exploring for bedrock sources of gold. The detail of the next phase of exploration will be dependent on results and more detail will be provided in August. Announcement • Jun 13
Targa Exploration Corp. Begins Exploration Campaign At Opinaca Gold Project Targa Exploration Corp. announced the commencement of its fully- funded 2024 exploration program at the Company's flagship Opinaca Gold and Lithium project ("Opinaca"), located in the James Bay region of Quebec. The primary goals of the exploration program at Opinaca are to narrow down the search area of the possible bedrock sources of the gold and lithium anomalies identified in 2023 till sampling and progress toward identification of drill targets. Kenorland Minerals will act as project operators for the duration of the 2024 exploration program, providing invaluable logistics, planning, and early-stage exploration experience in Quebec. Till Sampling Originally planned as a 2-Phase program, both the regional tills (1km line spacing) and in-fill samples (250m line spacing) will take place back-to-back to speed up delivery of results and allow for at least 400 additional samples to be taken with the original $1.35M budget. The additional samples will provide greater coverage over the 85,000ha project and greater data density. A total of approximately 1,650 regional and 1,350 in-fill fine fraction till samples are planned for this program. A portable X-ray fluorescence machine will be stationed in camp where samples will be prepped for scanning. Results from the 2023 till sampling showed a very strong correlation between gold and arsenic values. With arsenic values being much higher than gold and the element being easier to read with a portable XRF device, scanning in camp will allow for real-time data feedback from the regional-spaced samples. This will allow for positioning of the in-fill sample grids over the heads of the till trains without waiting for lab results and help direct where the prospecting team should focus their attention. A total of 40 heavy mineral concentrate ("HMC") samples will be taken in the areas of the gold and lithium anomalies. The 10kg samples of the till will be sent to a lab for separation into density fractions and analyzed under a microscope to look for and count gold grains to assess their quantity and shape. Gold grain shape can indicate possible travel distances and aid in narrowing down bedrock source locations. Spodumene grains will also be looked for in samples taken in the area of the 2023 lithium-cesium till anomaly to determine if the anomalous values are a result of the local presence of spodumene-bearing pegmatites. A four-person geology and prospecting crew will be in the field starting June 15th to begin an extensive prospecting and mapping program up-ice from the gold and lithium anomalies. The crew will be focused on searching for and sampling any mineralized boulders or outcrops that may be the source of the till anomalies, with the discovery of mineralized outcrops that could help identify futur drill targets being the ultimate goal of the field program. The geology team will also undertake mapping of the target areas to better understand the local geology and what geological units or structures may be related to the elevated gold values seen in till. There has been no historic mineral exploration conducted at Opinaca to Targa's knowledge an government geology maps of the region were produced with limited field stations, leaving many unknowns as to the detailed geology of the project area. Field work is expected to be completed by July 7th with lab results of the till samples and any outcrop or boulder samples expected in mid-August. This will leave a window of opportunity in September to return to Opinaca for any necessary follow-up work, dependent on lab results and success during the June/July program. The Opinaca Project is located in the James Bay region of Quebec, approximately 40km south of Patriot Battery Metals' Corvette lithium discovery, 45km south of the all-season Trans-Taiga Road and 120km northwest of the Renard Diamond Mine. The Opinaca Project covers 85,267 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites. Till sampling in 2023 uncovered a 5km x 4 km gold/arsenic/tungsten anomaly in the center of the project as well as a higher-grade gold and lithium anomaly to the east. Announcement • May 02
Targa Exploration Corp. announced that it has received CAD 1.5875 million in funding On May 1, 2024, Targa Exploration Corp. closed the transaction. The company announced that it has issued 6,700,000 hard-dollar unit at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 670,000 in second and final tranche. A total of 9,750,000 HD Units and 3,500,000 charity flow-through units of the Company were issued under the first and second tranches of the Offering for aggregate gross proceeds of CAD 1,587,500. Each unit will consist of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.25 per warrant share until the date which is 24 months following the closing date. All securities issued pursuant to the second tranche of the Offering, including Shares issuable upon the exercise of Warrants, are subject to a hold period of four months and one day after the date of closing of the second tranche of the Offering. A total of CAD 2,400 was paid in cash and a total of 24,000 finder's warrants were issued for finder's fees. The finder's warrants will expire on May 1, 2026 and have an exercise price of CAD 0.25. Announcement • Jan 18
Targa Exploration Corp. Announces Additional Analysis and Interpretation of the Results of its Extensive Till Sampling Program on the Opinaca Project in Quebec Targa Exploration Corp. announced additional analysis and interpretation of the results of its extensive till sampling program on the Company's Opinaca project in Quebec (the "Opinaca Project"). Highlights: Two gold-arsenic-tungsten anomalies identified from till sampling; Central gold anomaly is 5km x 4km and open-ended in the up-ice direction; Staked an additional 41,672ha to cover potential up-ice source. After identifying a lithium-cesium target from the 2023 Opinaca till sampling program the Targa and Kenorland Minerals technical teams have further identified multiple gold anomalies at the Opinaca Project. Two separate areas of overlapping anomalous values for gold, arsenic, tungsten, antimony, and silver in the till samples have been located on the Opinaca Project with gold values reaching as high as 271ppb and arsenic values up to 193ppm. Multiple samples returned greater than 50ppb from both target areas. Till samples were taken every 150m on lines spaced 1km apart. The first, larger anomaly sits in the middle of the original Opinaca Project boundary and measures approximately 4km wide by 5km long in the estimated direction of historic glacial ice movement. The second anomaly is approximately 1km wide by 2km in length and is host to the high gold value from the till program. The second anomaly is located at the southeastern extent of the till sample grid, in a similar position to the previously announced lithium anomaly. Both anomalies appear open-ended in the up-ice direction. Targa will immediately begin making plans for a Phase 2 till program at the Opinaca Project for early summer 2024 to extend the grid to the northeast of the gold and lithium anomalies in order to locate the head of the till trains and possible source deposits of these elements. A much more detailed mapping and outcrop sampling program in these areas will also be planned for the summer. As a result of the significant lithium and gold anomalies identified in the sample program, the Company has acquired, through staking, an additional 807 mineral claim cells covering 41,672ha to the north, east, and northeast of the current Opinaca Project limits. This increases the total size of the Opinaca Project to 1,651 contiguous mineral claim cells covering 85,267ha. The additional claims were added to potentially cover any up-ice sources of the anomalous lithium and gold deposit indicator elements and cover the northwest-southeast structural framework that has been interpreted from regional geophysics. The Opinaca Project is located in the James Bay region of Quebec, approximately 40km south of Patriot Battery Metals' Corvette lithium discovery, 45km south of the all-season Trans-Taiga road and 120km northwest of the Renard Diamond Mine. The Opinaca Project covers 85,267 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites. Announcement • Dec 14
Targa Exploration Corp. Announces Board Changes Targa Exploration Corp. announced the election of Mr. James Paterson, the new Chairman of the Board and Mr. Cameron Tymstra, CEO and President of Targa, to the Board of Directors at its latest annual general meeting held on December 11th. Mr. Tymstra has replaced Mr. Jon Ward as a director and Mr. Ward will remain as VP Corporate Development. Mr. Paterson is a co-founder and principal of Discovery Group and has 25 years of executive leadership experience in the mining industry, including capital raises, acquisitions, joint-ventures, spinouts, and RTOs and IPOs. He was a driving force behind $80 million in equity financing for ValOre Metals, which led to multiple discoveries at the Angilak uranium project and Pedra Branca PGE project. He is a director of K2 Gold, Latitude Uranium and Gold Basin Resources. He was a director of Kaminak Gold Corp. (acquired by Goldcorp), Northern Empire Resources Corp. (acquired by Coeur Mining) and Great Bear Royalties (acquired by Royal Gold). He founded Corsa Capital in 2007, and a 2010 transaction created metallurgical coal producer with a CAD 250 million marketing capitalization. Mr. Cameron Tymstra is the Company's current Chief Executive Officer and President and has over 15 years of mining industry experience managing projects in Canada, the U.S., and Latin America. He previously held the role of Chief Operations Officer of Latin American Minerals and is currently the President and CEO of CSE-listed Tarachi Gold. Cameron graduated from the University of Toronto with a degree in Mining Engineering and holds a Master's in Mining Management from the South Dakota School of Mines. Announcement • Oct 27
Targa Exploration Corp. announced that it expects to receive CAD 1.5 million in funding Targa Exploration Corp. announced a non-brokered private placement of up to 7,500,000 hard dollar units at a price of CAD 0.20 per unit for the gross proceeds of CAD 1,500,000 on October 26, 2023. Each unit will consist of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.30 per warrant share until the date which is 24 months following the closing date. The transaction is expected to close on or about November 16, 2023 and is subject to customary closing conditions. In connection with the offering, the company may pay finder's fees to eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of four months and a day from the closing date. Announcement • Oct 19
Targa Exploration Corp. Completes Field Work at Opinaca Lithium Exploration Project Targa Exploration Corp. announced that it has completed its limited field work program on the 43,596ha lithium exploration project located in the James Bay region of Quebec. Targa contractors have collected a total of 994 deep till samples on the Opinaca Project. Multiple pegmatites were observed by geotechnicians during till sampling activities. The 2023 till sampling program at Opinaca was organized, supervised, and executed by Kenorland Minerals with the help of a field team from GroundTruth Exploration. A temporary camp was set up alongside the Trans-Taiga road, 45 kilometers north of the Opinaca Project. The helicopter-supported till sampling program consisted of sample lines spaced 1km apart with samples taken every 150m down the lines. A total of 994 till samples were taken over the course of the program covering an area of approximately 35km in length by 6km in width. The location of the till sampling grid was selected to cover an east-west trending structure that roughly follows the contact of the Laguiche Sediments and Feron Suite Granites as well as the occurrence of the Vieux Comptoir granitic suite of rocks identified on local geology maps. Multiple historic lake sediment samples also occur within the sample grid area with anomalous values for lithium and cesium. The till and rock samples collected in the field recently arrived at the Bureau Veritas lab in Timmins, Ontario to undergo multi-element analysis, with results expected in November. Results of the till sampling program will be used to identify areas on the 43,596ha property that are most prospective for lithium-cesium-tantalum rich pegmatites to assist in planning for the 2024 field season. While conducting the till sampling program, the geotechnicians observed multiple white pegmatites in the southeastern area of the sample grid. The field team took multiple samples of the pegmatites which were later observed by Targa geologists and found to contain garnet, muscovite, and in some cases apatite. Presence of these minerals suggest a peraluminous content of the pegmatites and their parental granite, a very encouraging sign in the exploration of LCT pegmatites. Targa has submitted some of the collected rock samples for analysis and will plan for a more detailed mapping and rock sampling program as part of the 2024 field program. Announcement • Jul 23
Targa Exploration Corp., Annual General Meeting, Oct 02, 2023 Targa Exploration Corp., Annual General Meeting, Oct 02, 2023. Announcement • Jun 30
Targa Exploration Corp. announced that it expects to receive CAD 3.8575 million in funding Targa Exploration Corp. announced a non-brokered private of 3,750,000 hard dollar units at a price of CAD 0.40 per hard dollar unit; 2,000,000 flow-through units at a price of CAD 0.46 per flow through unit and 3,125,000 Quebec super-flow-through units at a price of CAD 0.46 per super flow-through unit for aggregate gross proceeds of at least CAD 3,857,500 on June 29, 2023. Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share at a price of CAD 0.70 until the date which is 24 months following the closing date. Each flow-through unit and Super flow through unit will be issued as a flow-through share. Each super flow-through unit will also be issued as a flow-through share. The closing of the offering is anticipated to occur on or about July 20, 2023 and is subject to customary closing conditions. In connection with the offering, the company may pay finder's fees to eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of 4 months and a day from the closing date. Announcement • Jan 26
Targa Exploration Corp. (CSE: TEX) acquired Opinaca Lithium Project from Kenorland Minerals North America Ltd. (TSXV: KLD) for CAD 2.02 million. Targa Exploration Corp. (CSE: TEX) entered into an agreement to acquire Opinaca Lithium Project from Kenorland Minerals North America Ltd. (TSXV: KLD) for CAD 2.02 million on December 12, 2022. Consideration includes 4.38 million common shares of Targa, CAD 0.1 million cash at closing and a 3% net smelter royalty. Kenorland will have the right to receive additional shares in the amount equal to 9.9% of the common shares of Targa following the closing of the sale until Targa has raised an aggregate of not less than CAD 5 million through future offerings. Transaction is subject to regulatory approval. The parties expect to close the transaction contemplated by the Agreement in Q1 2023.
Targa Exploration Corp. (CSE: TEX) completed the acquisition of Opinaca Lithium Project from Kenorland Minerals North America Ltd. (TSXV: KLD) on January 25, 2023.