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GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7% GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7%
Other

TARGA EXPANDS EL ZANJON GOLD-SILVER PROJECT AND ISSUES PAYMENT SHARES

By The Northwire Desk — AI Analysis Jan 08, 2026 · 08:00 TEX · 0.18 Targa Exploration Corp.
TEX · Price

Executive Summary

  • Targa Exploration announced a 66% increase in the El Zanjón gold‑silver project area, expanding from 34,521 ha to 57,276 ha through three new exploration concessions.
  • The company issued the first tranche of option payment shares – 1,250,000 TEX shares at a deemed price of $0.20 per share – to Aegis Resources Ltd under its existing option agreements for El Zanjón and Venidero.
  • The expansions target geochemical anomalies identified in prior soil sampling and are intended to protect project boundaries and enable future drilling programs pending environmental approvals expected in February 2026.

Key Details

  • Project Expansion
  • Total area after expansion: 57,276 ha (contiguous) – a 66% increase over the previous footprint.
  • New concessions total 22,755 ha, split as:
    • Eastern extension – 8,007 ha (covers potential northeast continuation of primary geochemical anomaly).
    • Northern extension – 6,383 ha (contains elevated gold values from soil sampling).
    • Southwestern extension – 8,365 ha (unexplored area with similar structural/geological characteristics to known zones).

  • All new concessions are subject to the same option agreement terms as the original claim group.

  • Option Share Issuance

  • Shares issued to Aegis Resources Ltd: 1,250,000 TEX shares.
  • Deemed price per share: $0.20.
  • Represents the first of three tranches under the option agreements for El Zanjón and Venidero projects.

  • Reference to prior release (Nov 10 2025) for full option agreement details.

  • Operational Outlook

  • Targa plans field work at both El Zanjón and Venidero in H1 2026, pending Environmental Impact Statement approvals anticipated in February 2026.
  • Budgets and detailed exploration plans are being prepared while awaiting permit approvals.

Notable Quotes

  • “This expansion of El Zanjón will cover any potential continuation of that trend to the northeast and help protect our project boundaries in the event of a discovery.” – Cameron Tymstra, CEO
  • “We look forward to getting on the ground at both El Zanjón and Venidero in the first half of this year.” – Cameron Tymstra, CEO
Read the original news release →

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