TARGA ANNOUNCES GOLD-SILVER EXPLORATION PROGRAMS IN ARGENTINA

Executive Summary

• Targa announced fully‑funded 2026 field programs at its Venidero and El Zanjon gold‑silver projects in Santa Cruz, Argentina.
• A maiden drill program of 2,000–2,500 m is planned for El Zanjon, targeting low‑sulphidation epithermal systems similar to nearby Cerro Vanguardia.
• Geological mapping and prospecting have begun at Venidero, where a 2.5 km Gorganzola Vein with up to 4.45 g/t Au at surface was previously identified; an EIS extension has been approved.

Key Details

• Venidero (Morobayo) – Mapping & Prospecting
• Field team mobilized to map the northern half of the 10,736 ha project on a 1:10,000 scale; work expected to take 2–3 weeks.
• EIS for prospecting approved earlier March 2026.

• Prior work (Rugby Resources) identified Gorganzola Vein (2.5 km long, up to 4.45 g/t Au surface) and additional unsampled vein blocks over ~5 km south of the vein.

• El Zanjon – Maiden Drill Program

• Project now covers 57,276 ha, located 30 km south of AngloGold’s Cerro Vanguardia mine along the same fault zone.
• Planned minimum 2,000 m (up to 2,500 m) diamond drilling, tentatively starting late March 2026, pending final EIS approval (flora & fauna study completed; payment made).

• Target: low‑sulphidation epithermal gold‑silver systems analogous to Cerro Vanguardia.

• Environmental Impact Statement (EIS)

• Venidero’s prospecting‑level EIS approved March 2026.

• El Zanjon’s exploration‑level EIS pending final approval; receipt expected shortly after flora/fauna study completion.

• Soil Sampling & Geophysics

• 333 soil samples collected in 2025 (40 m spacing) sent for ionic leach geochemistry; results due within 1–2 weeks to guide drill collar locations.

• Ground magnetic surveys (line spacings 320 m, 160 m, and 80 m in target zones) identified fault structures and flexures critical for gold‑silver mineralization.

• Funding

• Both the Venidero fieldwork and El Zanjon maiden drill program are fully funded from a private placement closed on February 19 2026.

• Technical Disclosure

• Technical content reviewed and approved by Lorne Warner, P.Geo., VP of Exploration (NI 43‑101 qualified person).

Notable Quotes

“We are excited to announce that field work has begun at Venidero, where our EIS has already been approved,” said CEO Cameron Tymstra.
“Pending receipt of the EIS, we are aiming to mobilize a drill to El Zanjon for a maiden drill program of at least 2,000 m in late March.”