Targa plans drill campaign at Opinaca gold discovery

Canada NewsWire

CSE: TEX | OTCQB: TRGEF | FRA: V6Y

VANCOUVER, BC , Aug. 6, 2026 /CNW/ -- Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) (" Targa " or the " Company ") today announced its plans for a summer drill campaign on its Opinaca gold project located in the James Bay region of Quebec (" Opinaca ").

Highlights

4,500 to 5,000m diamond drill program designed to follow-up on last year's grass-root discovery

2025 standout drill intercept of 13.88g/t Au over 3.65m in hole 25OPDD007 in the Western zone

Seven priority holes (2,900m) to test the strike continuity of the western zone

Two priority holes (800m) to test the as-yet undrilled eastern soil & HMC anomaly

Up to 1,300m in four to five follow-up holes

" Since announcing our grass-roots gold discovery at Opinaca back in January, we have spent the past 6 months planning for and anticipating this follow-up drill program ," commented Targa CEO, Cameron Tymstra. " Work restrictions and road closures related to high forest fire risk in the region earlier this summer have been lifted, and we anticipate favorable working conditions for the back half of the summer. Last year we confirmed the presence of a significant mineralized gold system at Opinaca, hitting gold in seven out of eight drill holes . Our strategy this year is to build on that discovery success by shortening the gap between drill fences to better understand the continuity and controls on gold mineralization and stepping out to continue adding to the extent of this system. We are also excited to be drilling at the eastern gold anomaly previously identified from till sampling but still untested with the drill rig with the hope of adding a second center of mineralization at Opinaca."

2026 Opinaca Drill Program

The program, consisting of up to 5,000m in 12-15 holes, each 350-400m in length, has been designed to test the along-strike continuity of b