TARGA MAKES GRASSROOTS DISCOVERY OF WIDESPREAD GOLD MINERALIZATION AT OPINACA INCLUDING UP TO 13.88g/t Au OVER 3.65m

Executive Summary

• Targa’s maiden 2025 fall drill program at the Opinaca Gold Project intersected widespread gold mineralization across a 4 km target, including several high‑grade intercepts such as 13.88 g/t Au over 3.65 m (max 166.14 g/t Au over 0.30 m).
• Gold was encountered in 7 of 8 drill holes, confirming the presence of a previously unknown intrusion‑related gold system analogous to the Cheechoo deposit.
• The company announced Alejandro Adams as its new Chief Financial Officer and granted him 150,000 incentive stock options at $0.25 exercise price.

Key Details

• Drill Program: 8 diamond holes, total 3,665 m drilled by Kenorland Minerals (operator).
• High‑Grade Intercepts:
• Hole 25OPDD007 – 13.88 g/t Au over 3.65 m; includes 166.14 g/t Au over 0.30 m (visible gold, nugget effect).
• Hole 25OPDD006 – 2.39 g/t Au over 4.79 m; includes 14.80 g/t Au over 0.70 m.
• Hole 25OPDD003 – 7.45 g/t Au over 0.37 m.
• Broad Intercepts (≥0.3 g/t):
• 0.17 g/t Au over 70.55 m (incl. 0.38 g/t over 8.1 m).
• 0.69 g/t Au over 16.85 m (incl. 2.23 g/t over 3.25 m).
• 0.43 g/t Au over 16.0 m (incl. 3.13 g/t over 1.5 m).
• 0.52 g/t Au over 11.58 m (incl. 4.66 g/t over 0.82 m).
• Drill Fence Summaries:
• Western Fence – 3.65 m @13.88 g/t Au; additional 15.05 m @0.59 g/t Au.
• Central Fence – Multiple intervals, highest 4.79 m @2.39 g/t Au.
• Eastern Fence – 16.00 m @0.43 g/t Au; includes 1.50 m @3.13 g/t Au.
• Assay Methodology: Core samples logged, split, and analyzed by BV laboratory (FA430 primary fire assay; high‑grade FA501 & metallic screen FS652 for visible gold). QA/QC protocols met with blanks and standards within limits.
• Geological Context: Mineralization hosted in felsic tonalitic intrusives, meta‑wacke, pegmatite, and mafic units; veinlets of quartz–feldspar–biotite ± arsenopyrite present. Analogous to intrusion‑related Cheechoo gold system.
• CFO Appointment: Alejandro Adams (CPA, 14+ years exploration finance) appointed CFO; granted 150,000 incentive stock options at $0.25 exercise price, five‑year term, vesting immediately.
• Qualified Person: Cédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist, Kenorland Minerals, reviewed and approved technical information.

Notable Quotes

“This is a tremendous outcome from our maiden drill program at Opinaca… we are sitting on top of a wide‑spread mineralized gold system…” – Cameron Tymstra, CEO & President, Targa Exploration Corp.

“The widespread spatial gold distribution… is a tell‑tale sign you are within or near a potentially significant gold occurrence.” – Lorne Warner, VP Exploration, P. Geo., Targa Exploration Corp.