Targa reports assay results for holes EZD0003–EZD0008 at El Zanjon

Canada NewsWire

VANCOUVER, BC , Aug. 4, 2026 /CNW/ -- Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) (" Targa " or the " Company ") today announced additional assays results from the Company's drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina (the " Project "). Assays results from holes EZD0003 through EZD0008 are reported below.

Highlights

Maiden drill program at El Zanjon now complete. A total 2,475m was drilled in 10 holes testing three target areas (NE-AOI, NW-AOI, EZ Fault)

Narrow zones of anomalous silver values observed in EZD0003-0005, -0007 and -0008

Thick intervals of favorable quartz-feldspar lapilli tuff encountered in EZD0007, -0008

Final assay results for the last two holes (EZD0009 and EZD0010) expected in the next 3 weeks

" This first pass drill program has produced a significant amount of data and a new understanding of the underlying geology at El Zanjon where there is only a single outcrop in over 57,000 hectares ," commented Targa CEO, Cameron Tymstra. " We've only just gotten started at El Zanjon with this program and this new information will help considerably in formulating our targeting methods and exploration strategy for future phases of work at El Zanjon as we continue to narrow our search for epithermal systems on the project . The 2,475m we just completed also puts us well ahead of our earn-in obligations for 2026. While we wait on assays for the last two holes and begin a detailed analysis of the captured data, we are finalizing plans for our Phase 2 Opinaca drill program, details of which are expected to be released in the coming days. I am very excited about this upcoming drill program at Opinaca, where last year we hit gold in seven out of eight drill holes across a strike of 4km. "

Ryan Weston, VP Exploration with Targa states: " With the completion of our maiden drill program at El Zanjon come severa