202631 releases
TARGA ANNOUNCES RESULTS OF AGM
All motions were approved at Targa Exploration's 2026 Annual General Meeting, held September 17, 2026 in Vancouver, British Columbia, including setting the board at six directors, re-electing James Paterson, Cameron Tymstra, Bryce Roxburgh, Andrew Rockandel, Mahesh Liyanage and Karlene Collier, appointing De Visser Gray LLP as auditor, and ratifying the stock option plan. The Board subsequently re-appointed its officers, with Paterson as Chairman, Tymstra as President and CEO, and Alejandro Adams as CFO.
CorporateTARGA ANNOUNCES COMPLETION OF PHASE 2 DRILL PROGRAM AT OPINACA
A Phase 2 diamond drill program totalling 4,317 metres in 10 holes (26OPDD009 to 26OPDD018) has been completed at the Opinaca gold project in Quebec's James Bay region, with 3,891 metres in nine holes on the Western target and 426 metres in one hole on the Eastern target. The program, operated by Kenorland, follows the 2025 maiden drill campaign discovery. A total of 3,598 drill samples went to Bureau Veritas in Timmins, Ontario, with assays expected mid-November 2026.
Drill resultsTARGA CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR AGGREGATE GROSS PROCEEDS OF C$3,191,935
The fourth and final tranche of a non-brokered private placement closed, adding 190,750 hard-dollar units at C$0.16 and 800,378 flow-through units at C$0.185 for roughly C$178,590, bringing aggregate gross proceeds to C$3,191,935 from 10,554,783 FT Units, 2,788,750 HD Units and 3,605,000 premium flow-through units. Each unit includes half a warrant exercisable at C$0.30 for 24 months, subject to acceleration. Proceeds will fund exploration, with FT proceeds spent on Quebec exploration expenses, and finders received C$138,186 cash and 777,394 warrants.
FinancingTARGA ANNOUNCES CLOSING OF THIRD TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
A third tranche of the non-brokered private placement closed for gross proceeds of approximately C$793,100, through the issuance of 3,605,000 premium flow-through units at $0.22 per unit, each comprising one common share and one-half warrant exercisable at $0.30 for 24 months from the first tranche closing, subject to acceleration if the 10-day VWAP reaches $0.60. Proceeds will fund Canadian exploration expenses in Québec, with renunciation on or before December 31, 2026. A final tranche is expected by September 11, 2026.
FinancingTARGA ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
The second tranche of a non-brokered private placement closed September 4, 2026 for gross proceeds of approximately C$791,950.21, through the issuance of 2,598,000 hard-dollar units at $0.16 and 2,033,893 flow-through units at $0.185. Each unit includes one common share and one-half warrant exercisable at $0.30 for 24 months from the first tranche closing, subject to acceleration if the 10-day VWAP reaches $0.60. Flow-through proceeds will fund Canadian exploration expenses in Quebec; a final tranche is expected by September 11, 2026.
FinancingTARGA COMMENCES DRILL PROGRAM AT OPINACA GOLD PROJECT, QUEBEC
Drilling has begun at the Opinaca gold project in Quebec's James Bay region, with 4,400m planned across 11 holes of 350-490m each, using two rigs. Seven holes (2,900m) are prioritized at the Western target across 5km of trend, including a completed three-hole fence 700m west of hole 25OPDD007, which returned 13.88g/t Au over 3.65m in 2025; two holes (800m) will test the never-drilled Eastern target 12km east. Drilling is expected to finish by mid-September, with assays in the fall.
Drill resultsTARGA ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
The first tranche of a non-brokered private placement has closed for gross proceeds of approximately C$1,428,294, through the issuance of 7,720,512 flow-through units at $0.185 per unit, each comprising one common share and one-half warrant exercisable at $0.30 for 24 months, subject to acceleration if the 10-day VWAP reaches $0.60. A second and final tranche is expected by September 3, 2026. Flow-through proceeds will fund Canadian exploration expenses in Quebec, renounced on or before December 31, 2026.
FinancingTARGA ANNOUNCES CLOSE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $1M
A private placement closed for aggregate gross proceeds of approximately C$1,007,375, through the issuance of 6,715,834 flow-through shares at C$0.15 per share. Net proceeds will fund exploration at the Opinaca gold project in the James Bay region of Quebec, with qualifying expenditures to be renounced effective no later than December 31, 2025 and incurred by December 31, 2026. Finders received C$50,092.51 in cash and 333,950 warrants exercisable at C$0.30 until August 25, 2027.
FinancingTARGA ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT OF FLOW THROUGH SHARES FOR GROSS PROCEEDS OF UP TO $950,000
A previously announced non-brokered private placement has been upsized to maximum gross proceeds of C$950,000, consisting of flow-through shares at C$0.15 per FT share, with closing anticipated on or about August 22, 2025. Net proceeds will fund exploration at the Opinaca gold project in Quebec's James Bay region, with qualifying expenditures renounced effective no later than December 31, 2025 and incurred by December 31, 2026. Finder's fees may be paid; securities carry a four-month-and-a-day hold period.
FinancingTARGA ANNOUNCES $3,500,000 NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement for gross proceeds of up to C$3,500,000 will consist of premium flow-through units at C$0.22, flow-through units at $0.185 and hard dollar units at C$0.16, each unit comprising one common share and half a warrant exercisable at C$0.30 for 24 months, subject to acceleration if the 10-day VWAP reaches C$0.60. Flow-through proceeds will fund Canadian exploration expenses in Québec, renounced effective December 31, 2026 and incurred by December 31, 2027. Closing is anticipated on or about September 3, 2026.
FinancingTARGA ANNOUNCES NON-BROKERED $500,000 PRIVATE PLACEMENT OF FLOW THROUGH SHARES
A non-brokered private placement for gross proceeds of up to C$500,000 has been launched, consisting of flow-through shares priced at C$0.15 each. Net proceeds will fund exploration at the Opinaca gold project in Quebec's James Bay region, with qualifying expenditures renounced effective no later than December 31, 2025 and incurred by December 31, 2026. Closing is anticipated on or about August 22, 2025, with a four month and a day hold period and possible finder's fees.
FinancingTARGA ANNOUNCES PLANS FOR DRILL CAMPAIGN AT OPINACA GOLD DISCOVERY
A 4,500 to 5,000m diamond drill program in 12-15 holes of 350-400m each is planned for the Opinaca gold project in Quebec's James Bay region, following the 2025 maiden campaign that returned 13.88g/t Au over 3.65m in hole 25OPDD007 and 0.17g/t Au over 70.55m in 25OPDD004. Seven priority holes (2,900m) will test the Western zone, two holes (800m) the undrilled Eastern soil and HMC anomaly, with 1,300m reserved for follow-up. Kenorland Minerals is operator; drilling starts in the second half of August over 4-5 weeks, with assays expected in the fall.
Drill resultsTARGA IDENTIFIES 4KM-LONG MAGNETIC ANOMALY AT OPINACA GOLD TREND
An airborne magnetic survey at the Opinaca Gold Project in Quebec identified a magnetic anomaly roughly 4km long east-west, situated below the centre of a 7km gold-in-till trend defined by 2023 and 2024 sampling. ALS Goldspot Discoveries flew 902.1 line kilometres over four days at 50m line spacing, covering about 4,250ha. Targa has submitted drill permit applications and is working with Kenorland Minerals on a maiden drill program scheduled to start in mid-September.
Drill resultsTARGA PROVIDES EL ZANJON ASSAY RESULTS FOR HOLES EZD0003 to EZD0008
Assay results from holes EZD0003 to EZD0008 at the El Zanjon gold-silver project in Santa Cruz, Argentina returned narrow zones of anomalous silver in EZD0003-0005, -0007 and -0008, including up to 2.43 ppm Ag over 6.40m between 168.70-180.0m in EZD0007; most gold values were at or below detection. The maiden program is complete at 2,475m in 10 holes across three target areas, with assays for EZD0009 and EZD0010 expected in the next 3 weeks.
Drill resultsTARGA PROVIDES EL ZANJON DRILLING UPDATE AND ASSAY RESULTS FOR FIRST TWO HOLES
The first two drill holes at the El Zanjon gold-silver project in Santa Cruz, Argentina returned no significant gold, with all samples at or below the 0.010 ppm detection limit, and narrow 0.5 to 4m zones of anomalous silver grading 2-11 ppm in both holes. EZD0001 and EZD0002 measured 199.5m and 297.0m. Nine of ten holes are complete with 2,125m drilled as of July 3, and assays for holes 3 to 10 are expected in 4-6 weeks.
Drill resultsTARGA ISSUES STOCK OPTIONS
2,570,000 incentive stock options have been approved for issuance to management, directors and consultants of Targa Exploration. The options carry an exercise price of $0.16, a five-year term and vest immediately, and were granted under the Company's incentive stock option plan subject to regulatory approval.
CorporateTARGA PROVIDES UPDATE OBSERVATIONS AT EL ZANJON
Visible gold reported at 105.9m and possible electrum at 110.05m in hole EZD0001 at the El Zanjon gold-silver project in Santa Cruz, Argentina, disclosed in the May 19, 2026 news release, were misidentified, and the company now believes no visible gold or electrum can be observed in the hole. The conclusion follows a core review by newly appointed VP of Exploration Ryan Weston; reporting protocols have been updated. Drilling continues with six holes complete and assays from EZD0001 and EZD0002 pending.
CorporateTARGA ANNOUNCES CLOSE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2.6M
A previously announced private placement closed for aggregate gross proceeds of approximately C$2,611,200, comprising 6,650,200 hard dollar common shares at $0.10, 1,959,001 flow-through shares at $0.12 and 12,050,000 charity flow-through shares at $0.142. Finders received $104,400 in cash and 1,024,000 warrants exercisable at $0.25 until June 6, 2027; the hold period expires October 7, 2025. Proceeds will fund exploration at the 100%-owned Opinaca gold project in Quebec's James Bay region, with drilling targeted for Q3.
FinancingTARGA PROVIDES CORPORATE AND PROJECT UPDATES; BOARD APPROVES EXPANSION OF EL ZANJON DRILL PROGRAM
The board approved expanding the drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina from 2,250m to 3,250m, a 44% increase allowing at least four additional holes. Three holes are complete, with EZD0004 at 164m as of June 1, 2026; samples from EZD0001, which contained visible gold and electrum, and EZD0002 are at the lab, with initial Au-Ag assays anticipated before the end of June. Targa also named a new CFO, Corporate Secretary, VP Exploration and director, and corrected the exercise price of 100,000 options to $0.77.
CorporateTARGA ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
A share consolidation on the basis of one new common share for every five old common shares will take effect May 27, 2025, with post-consolidation shares expected to begin trading on the Canadian Securities Exchange on or about May 27, 2024. Issued and outstanding shares post-consolidation will total approximately 20,683,865. The name and trading symbol remain unchanged; the new CUSIP is 87612L209 and the new ISIN is CA87612L2093. Letters of transmittal will be mailed to registered shareholders for submission to Odyssey Trust Company.
CorporateTARGA APPOINTS RYAN WESTON AS NEW VICE PRESIDENT OF EXPLORATION
Ryan Weston has been appointed Vice President of Exploration, succeeding Lorne Warner. Weston has 25 years of base and precious metals exploration experience and was most recently VP Exploration at Wyloo Canada. The board approved 200,000 incentive options to Weston at an exercise price of $0.70 over a five-year term, with 25% vesting immediately and the remainder every four months, plus 100,000 options at $0.70 for new Corporate Secretary Susy Horna, vesting immediately. Drilling continues at El Zanjon, Santa Cruz, Argentina, with assays pending.
ManagementTARGA PROVIDES UPDATE AND OBSERVATIONS FROM DRILLING AT EL ZANJON GOLD-SILVER PROJECT, SANTA CRUZ, ARGENTINA
The first hole of an 11-hole, 2,250m diamond drilling program at the El Zanjon gold-silver project in Santa Cruz, Argentina was completed at 199.5m, with multiple grains of visible gold observed from 105.9m to 106.05m and a metallic mineral thought to be electrum from 110.05m to 110.50m, both in colloform banded chalcedonic quartz-adularia veining; assays are pending. Hole EZD0002, located 90m south, was at 45m depth, drilled with a larger rig and expanded crew now on site. Nine of the 11 planned holes target the 7km-long northeast area of interest.
Drill resultsTARGA ANNOUNCES NEW, LARGER PRIVATE PLACEMENT OF UP TO $2.6M AND SHARE CONSOLIDATION
A new non-brokered private placement for gross proceeds of up to C$2,600,000 replaces the offering announced May 7, 2025, which has been cancelled with no shares issued. On a post-consolidation basis, up to approximately 20,640,000 shares will be sold at C$0.10 per hard dollar share, C$0.12 per flow-through share and C$0.142 per charity flow-through share, with closing expected on or about May 30, 2025. Targa also proposes a one-for-five share consolidation, reducing 103,419,328 shares to about 20,683,865. Proceeds will fund exploration at the Opinaca gold project in Quebec and working capital.
FinancingTARGA ANNOUNCES FINAL PERMITS RECEIVED AND DRILL RIG MOBILIZED TO EL ZANJON GOLD SILVER PROJECT, SANTA CRUZ, ARGENTINA
The final water permit has been received from Santa Cruz's Secretary of State for Water Resources for a fully funded drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina, with camp, crew and drill mobilizing and drilling expected to start in the first week of May. The program plans 11 holes totalling 2,250m, at depths of 200 to 250m, testing two areas of interest defined by soil geochemistry and geophysics. Susy Horna was appointed Corporate Secretary effective May 1.
CorporateTARGA ANNOUNCES APPOINTMENT OF BRYCE ROXBURGH TO BOARD OF DIRECTORS AND ISSUES STOCK OPTIONS
Bryce Roxburgh has been appointed to the board of Targa Exploration Corp., effective immediately. Roxburgh is a geologist and current director of Andina Copper, founder of Exeter Resource Corporation and former CEO and founding shareholder of Rugby Resources, from which the Venidero and El Zanjon projects were spun out. The company also approved the issuance of 1,400,000 incentive stock options to directors, management and consultants at an exercise price of $0.47, with a five-year term and immediate vesting, subject to regulatory approval.
ManagementTARGA ANNOUNCES GOLD-SILVER EXPLORATION PROGRAMS IN ARGENTINA
Geological mapping and prospecting is underway at the Venidero gold-silver project in Santa Cruz, Argentina, covering the northern half of the 10,736ha property on a 1:10,000 scale over 2-3 weeks, following approval of its prospecting-level Environmental Impact Statement. A fully funded maiden diamond drill program of 2,000-2,500m at the 57,276ha El Zanjon project is tentatively scheduled to begin in late March, pending EIS receipt, continuing through April and May. Results from 333 ionic leach soil samples are expected within one to two weeks.
Drill resultsTARGA ANNOUNCES CLOSING OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $4.0M
A private placement closed for gross proceeds of $4,025,000 through the issuance of 16,100,000 units at $0.25 per unit, each unit comprising one common share and one warrant exercisable at $0.50 until February 19, 2028, subject to an acceleration clause if the 10-day VWAP reaches $0.90 or more. Finders received $218,700 in cash and 874,800 finders warrants at $0.50 until February 19, 2028. Net proceeds are for exploration of the Company's projects and working capital; securities are subject to a hold period expiring June 20, 2026.
FinancingTARGA ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO $3,500,000
A non-brokered private placement has been increased from C$3,000,000 to gross proceeds of up to C$3,500,000, comprising up to 14,000,000 units at C$0.25 per unit. Each unit includes one common share and one warrant exercisable at C$0.50 for 24 months, subject to acceleration if the 10-day VWAP on the CSE reaches C$0.90 or more. Closing is anticipated on or about February 20, 2026, with proceeds for exploration of Targa's mineral projects and working capital.
FinancingTARGA ANNOUNCES $3,000,000 NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement for gross proceeds of up to C$3,000,000 was launched at C$0.25 per unit, each unit comprising one common share and one warrant exercisable at C$0.50 for 24 months, subject to acceleration if the 10-day VWAP on the CSE reaches C$0.90 or more. Proceeds will fund exploration of the Company's mineral projects and working capital. Closing is anticipated on or about February 20, 2026, with possible finder's fees and a four month and a day hold period.
FinancingTARGA MAKES GRASSROOTS DISCOVERY OF WIDESPREAD GOLD MINERALIZATION AT OPINACA INCLUDING UP TO 13.88g/t Au OVER 3.65m
The maiden drill program at the 100%-owned Opinaca Gold Project in Quebec, comprising eight diamond holes totaling 3,665 metres and operated by Kenorland Minerals, intersected gold in 7 of 8 holes across a 4-km target area with no prior drilling. Results include 13.88 g/t Au over 3.65m, including 166.14 g/t over 0.3m, in hole 25OPDD007, and 2.39 g/t Au over 4.79m in 25OPDD006. Alejandro Adams was appointed CFO and granted 150,000 options at $0.25.
Drill resultsTARGA EXPANDS EL ZANJON GOLD-SILVER PROJECT AND ISSUES PAYMENT SHARES
Three additional exploration concessions totalling 22,755 ha have been granted at the El Zanjon gold-silver project in Santa Cruz, Argentina, expanding it by 66% from 34,521 ha to 57,276 contiguous hectares in the Deseado Massif. The concessions sit at the north, east and southwest edges of the prior boundary and fall under the same option agreement terms. Targa also issued 1,250,000 shares to Aegis Resources Ltd at a deemed price of $0.20 per share, the first of three tranches.
News
20254 releases
TARGA ACQUIRES OPTIONS FOR TWO GOLD-SILVER PROJECTS IN THE PROLIFIC EPITHERMAL GOLD-SILVER REGION OF SANTA CRUZ, ARGENTINA
Option agreements dated November 7, 2025 with Aegis Resources Ltd. and other parties give Targa the right to earn up to 80% in each of the Venidero and El Zanjon gold-silver projects in Santa Cruz, Argentina, through cash and share payments, 23,000m of drilling per project, and a feasibility study supported by at least two million gold-equivalent ounces within twelve years. El Zanjon covers 34,521 ha, 30km south of Cerro Vanguardia; Venidero covers 10,736ha with chip samples up to 4.45g/t Au over 2.5km of strike.
AcquisitionTARGA ANNOUNCES UPDATE AND OBSERVATIONS FROM OPINACA DRILL PROGRAM
More than ten grains of visible gold were observed at 460m in drill hole 25OPDD007 at the Opinaca Gold Project in Quebec's James Bay region, within a quartz-pegmatitic vein associated with pyrite, arsenopyrite, chlorite and weak calcite alteration. Seven holes totalling 3,272m had been drilled as of October 13, with the eighth and final hole targeting 350m for an estimated 3,620m total. Assay results are expected before the end of the year.
Drill results