TARGA ANNOUNCES FINAL PERMITS RECEIVED AND DRILL RIG MOBILIZED TO EL ZANJON GOLD SILVER PROJECT, SANTA CRUZ, ARGENTINA
CSE: TEX | OTCQB: TRGEF | FRA: V6Y VANCOUVER, BC , April 30, 2026 /CNW/ - Targa Exploration Corp. (CSE: TEX ) (FRA: V6Y) (OTCQB: TRGEF ) (" Targa " or the " Company ") today announced that the final water permit has been received from the Santa Cruz Ministry of Energy and Mining's Secretary of State for Water Resources to support a fully funded drill program at its El Zanjon gold silver project in Santa Cruz, Argentina. A crew, led by Targa's local technical services partner Biz Latin Hub S.A. (" BLH "), has begun mobilizing a camp and drill to the road accessible El Zanjon project with drilling expected to commence during the first week of May. Highlights All permits for exploration drilling now received Camp, crew, and equipment have begun mobilizing to El Zanjon project Drilling anticipated to commence during the first week of May Plan for 11 drill holes totalling 2,250m Targeting two areas of interest identified from soil geochemistry and geophysics Susy Horna joins Targa as Corporate Secretary " With final permits now in hand, we have begun mobilizing the necessary camp, equipment and crews to site," commented Targa CEO, Cameron Tymstra . "Our local partner, Biz Latin Hub, has secured the necessary contractors and will be managing Targa's first drill program at El Zanjon in Santa Cruz, Argentina. Our team is very excited to be testing these high priority targets in such a prolific epithermal gold-silver district." El Zanjon Drill Program The goal of the El Zanjon drill program is to search for low-sulphidation epithermal gold-silver systems similar to those that host the Cerro Vanguardia mine, located 30km north of the project. Targa's team believes there is strong potential at El Zanjon to find geological and structural conditions similar to Cerro Vanguardia based on existing geophysical and geochemical data. This maiden drill program will begin testing that theory by targeting the confluence of elevated gold and silver values seen in the soil geochemistry with interpreted structures from ground magnetic and magneto telluric data previously collected by Rugby Resources (See Rugby news release from May 15, 2023). The first nine holes of Targa's program will target the northeastern area of interest with three drill fences consisting of two holes each and one drill fence of three holes. Drill holes are planned for a depth of between 200 and 250m. Two holes will also be used to test targets in the northwestern area of interest. All of these targets show elevated gold-in-soil values above interpreted structures. Bedrock on the project is covered with tertiary sediment. This cover is anticipated to be between 30 and 50m in thickness in the target areas. New Corporate Secretary Targa is also pleased to announce the appointment of Susy Horna to the role of Corporate Secretary, effective May 1 st . 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 ... Full story available on Benzinga.com
