benzinga19d ago
CSE: TEX | OTCQB: TRGEF | FRA: V6Y VANCOUVER, BC , June 2, 2026 /CNW/ - Targa Exploration Corp. (CSE: TEX ) (FRA: V6Y) (OTCQB: TRGEF ) (" Targa " or the " Company ") 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 Full story available on Benzinga.com
