Targa Identifies 4KM-LONG Magnetic Anomaly at Opinaca GOLD Trend
CSE: TEX | OTCQB: TRGEF | FRA: V6Y
FOR IMMEDIATE RELEASE August 5, 2025
TARGA IDENTIFIES 4KM-LONG MAGNETIC ANOMALY AT OPINACA GOLD TREND
Vancouver, British Columbia ( August 5, 2025) – Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB:
TRGEF) (“Targa” or the “Company”) today announced it has received results of an airborne magnetic survey
conducted at the Company’s Opinaca Gold Project located in Quebec , Canada. The Company has also
submitted drill permit applications in preparation for a maiden drill program at Opinaca.
Highlights
• 4km-long magnetic anomaly identified at center of target gold trend
• Interpreted interaction of ENE trending structures and fold hinges are ideal orogenic gold traps
• Drill permit applications submitted
“The coincidence of a large magnetic anomaly sitting directly below our previously identified 7km gold- in-till
trend is a highly encouraging result and will help tremendously with drill targeting at Opinaca”, commented
Targa CEO, Cameron Tymstra. “We are working with Kenorland’s technical team right now to plan a maiden
drill program. That program will target the intersections of interpreted ENE trending structures , lithological
boundaries, and fold hinges. These areas could potentially serve as classic traps for orogenic gold and are also
coincident with the highest gold grain counts from previous HMC sampling and a cluster of anomalous gold-
bearing boulders sampled in 2024. Permits for the program have been submitted and we expect to be drilling
on these exciting new targets by mid-September.”
Airborne Magnetic Survey
An airborne geophysical survey was conducted by ALS Goldspot Discoveries Ltd. (“ ALS”). ALS completed the
survey using their Multi -Parameter Acquisition Survey System via helicopter to collect high -resolution
magnetic gradient and VLF-EM data over the main gold target trend at Opinaca (Figure 1). Survey lines were
flown in a north -south direction at a line spacing of 50m over an area of roughly 5km by 8.5km, covering
approximately 4,250ha. A total of 902.1 survey line kilometers were flown over a period of 4 days. 500m-
spaced EW tie lines were planned but not completed due to equipment malfunctions near the end of the
survey.
Results of the magnetic survey, seen in Figures 2 and 3, show a large magnetic anomaly roughly 4km in length
east-west. This anomaly occurs below the center of the 7m -long gold-in-till trend identified from 2023 and
2024 field sampling.
Current interpretation of the survey is that of a lithological boundary between magnetic and non-magnetic
paragneiss that has undergone multiple folding events and has been crossed by or interacted with two ENE
trending structures. A magnetic intrusive body has also been inferred from the survey located in the NE
quadrant of the anomaly and shown in Figure 3.
First Target Areas
Multiple orogenic gold target areas have been identified (see Figure 4) where interpreted structures intersect
with lithological boundaries and fold hinges , providing potential traps for gold . These target areas coincide
with clusters of gold -bearing boulders discovered in 2024 and high gold grain counts from previous heavy
mineral concentrate (“HMC”) sampling of the surface till.
1. This target is located at the nose of the interpreted fold hinge and contact with an ENE trending
structure. The highest concentration of gold boulders with >0.1g/t Au from the 2024 boulder
prospecting program also occurs at this location, including the hi ghest gold value found to date on
the property of 6.67g/t Au.
2. In this area the ENE trending structure intersects the eastern boundary of the magnetic domain and
is coincident with the highest gold grain count observed in HMC sampling of the till with 123 gold
grains, approximately 70% of which were considered pristine. Pristine gold grains can suggest a short
travel distance from bedrock source.
3. The northwestern target area is located at the head of a string of HMC samples with very high gold
grain counts and sits along the intersection of a ENE structure and the northern boundary of the
magnetic domain.
Targa is currently working with its advisors and the technical team at Kenorland Minerals to design the maiden
drill program for Opinaca. The drill program is being scheduled to start in mid-September, and the Company
will release further details as those materialize.
Qualified Person
The disclosure of scientific and technical information contained in this news release has been reviewed and
approved by Adrian Lupascu M. Sc. P.Geo., Exploration Manager of Targa Exploration Corp., who is a “qualified
person” within the meaning of National Instrument 43 -101- Standards of Disclosure for Mineral Projects.
About Targa
Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian exploration company engaged in
the acquisition, exploration, and development of gold mineral properties with headquarters in Vancouver,
British Columbia. Targa’s principal asset is it’s Opinaca Gold Project where a significant gold -in-till anomaly
has been identified over a strike length of 7km. Targa is planning a maiden drill program for the Opinaca Gold
Project in 2025.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Cameron Tymstra, CEO and President
Tel: 416-668-1495
Email: [email protected]
Website: www.targaexploration.com
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward -Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and “forward -looking information” under applicable Canadian securities laws.
When used in this news rel ease, the words “anticipate”, “believe”, “proposed”, “estimate”, “expect”, “target”,
“planning”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward -looking
statements or information. These forward -looking statements or information relate to, among other things: receipt of
exploration permits; timing of exploration programs; and the exploration and development of the Company’s properties.
Forward-looking statements and forward- looking information relating to any future mineral production, liquidity,
enhanced value and capital markets profile of Targa, future growth potential for Targa and its business, and future
exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions,
which are based on management’s experience and perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to
be incorrect. Assumptions have been made regarding, among other things, the price of lithium and other metals; costs
of exploration and development; the estimated costs of development of exploration projects; Targa ’s ability to operate
in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Targa’s respective current views with respect to future events and are necessarily based upon
a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject
to significant business, economic, competitive, polit ical and social uncertainties and contingencies. Many factors, both
known and unknown, could cause actual results, performance, or achievements to be materially different from the
results, performance or achievements that ar e or may be expressed or implied by such forward- looking statements or
forward-looking information and Targa has made assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation : price volatility of lithium and other metals ; risks associated with the
conduct of the Company's mineral exploration activities in Canada; regulatory, consent or permitting delays; risks
relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain
insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure
to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; r isks and
unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries
and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped
properties; laws and regulations governing the environment, health and safety; the ability of the communities in which
the Company operates to manage and cope with the implications of public health crises ; the economic and financial
implications of public health crises to the Company; operating or technical difficulties in connection with mining or
development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding
communities; the Company's ability to successfull y integrate acquired assets; the speculative nature of exploration and
development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of
interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the
factors identified under the caption “Risk Factors” in Targa ’s management discussion and analysis and other public
disclosure documents . Readers are cautioned against attributing undue certainty to forward -looking statements or
forward-looking information. Although Targa has attempted to identify important factors that could cause actual results
to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Targa
does not intend, and does not assume any obligation, to update these forward -looking statements or forward -looking
information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements
or information, other than as required by applicable law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.