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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

TARGA ANNOUNCES FINAL PERMITS RECEIVED AND DRILL RIG MOBILIZED TO EL ZANJON GOLD SILVER PROJECT, SANTA CRUZ, ARGENTINA

Permitting Milestone Clears Path for Argentina Drilling as Opinaca Results Support Valuation

By The Northwire Desk — AI Analysis Apr 30, 2026 · 08:00 TEX · 0.305 Targa Exploration Corp.
Executive Summary
  • Targa Exploration Corp. announced on April 30, 2026, that it has received final water permits from the Santa Cruz Ministry of Energy and Mining for its El Zanjon gold-silver project in Argentina.
  • The company is mobilizing camp, crew, and drill rig to site with drilling scheduled to commence during the first week of May.
  • The maiden drill program consists of 11 holes totaling 2,250 meters targeting high-priority epithermal gold-silver systems.
  • Drilling targets two areas identified through soil geochemistry and geophysics (ground magnetic and magneto telluric data).
  • Nine holes will target the northeastern area via three drill fences; two additional holes will test targets in the northwestern area.
  • Target depths are planned between 200m and 250m, with expected tertiary sediment cover of 30m to 50m.
  • Operational partner Biz Latin Hub S.A. (BLH) is managing the drill program.
  • Corporate update includes appointment of Susy Horna as Corporate Secretary effective May 1st.
Material Impact
  • The news confirms execution of a previously announced plan from March 2, 2026, which stated drilling was tentatively starting late March pending final EIS approval.
  • Receiving the permit and mobilizing the rig removes regulatory uncertainty for the El Zanjon project, moving it from planning to active exploration phase.
  • The market likely anticipated this milestone given the funding secured in February 2026 ($3.5M private placement) specifically earmarked for these projects.
  • This is not a discovery announcement; it is an operational update confirming capital deployment.
  • Compared to the January 2026 Opinaca high-grade results which drove significant price appreciation, this news is incremental rather than transformative.
  • The stock has already consolidated around $0.30-$0.31 following the February financing spike, suggesting the market views this as expected progress.
TEX · Price
Company Overview
  • Flagship Project (Opinaca): Located in James Bay, Quebec. Maiden drill program completed in late 2025/early 2026 returned high-grade intercepts including 13.88 g/t Au over 3.65m. Geological context suggests intrusion-related gold system analogous to Cheechoo deposit.
  • Secondary Projects (El Zanjon & Venidero): Located in Santa Cruz, Argentina. El Zanjon is 57,276 ha, located 30 km south of AngloGold's Cerro Vanguardia mine. Venidero is 10,736 ha, located 60 km south of Newmont's Cerro Negro mine.
  • Strategic Focus: Diversifying portfolio beyond Opinaca to provide year-round exploration exposure in the prolific Deseado Massif epithermal district.
Read the original news release →

More from Targa Exploration Corp.

Jun 12, 2026 · 15:04

Visible gold retraction deflates speculative fervor at El Zanjon; credibility hit undermines drill program expansion.

Drill Results Jun 02, 2026 · 08:00

Targa Exploration expands El Zanjon drill program by 44% following visible gold in maiden hole; assays pending.

Drill Results May 25, 2026 · 08:00

Targa Exploration Appoints Veteran VP as El Zanjon Drilling Confirms Visible Gold

Production / Operations May 20, 2026 · 09:00

Targa's El Zanjon maiden hole strikes visible gold, validating Argentina pivot and sending stock to all-time highs as assays loom.

Drill Results May 19, 2026 · 08:00

Targa Exploration Confirms Early Drilling Success at El Zanjon, but Assay Data Needed to Validate Discovery Potential

Drill Results May 14, 2026 · 08:44

Erroneous Golden Goose release leaves market waiting for Targa’s own Argentine drill kick-off and follow-up at Opinaca.

Drill Results