Targa Announces Expansion of Drill Program at Opinaca GOLD Project
CSE: TEX | OTCQB: TRGEF | FRA: V6Y
FOR IMMEDIATE RELEASE October 07, 2025
TARGA ANNOUNCES EXPANSION OF DRILL PROGRAM AT OPINACA GOLD PROJECT
Vancouver, British Columbia (October 07, 2025) – Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB:
TRGEF) (“Targa” or the “Company”) today announced an expansion of the ongoing diamond drilling program
at its Opinaca Gold Project (“Opinaca”) located in the James Bay region of Quebec.
Highlights
• Drilling progressing ahead of schedule and under budget;
• 2,513m and five (5) drillholes completed as of the morning of October 6th;
• Approved expansion of drill program from 2,500m to 3,250m.
“Drilling has progressed very well at Opinaca,” commented Targa CEO, Cameron Tymstra. “With five drill holes
already complete we are comfortably ahead of schedule. The efficient work that Kenorland and Chibougamau
Drilling are doing on site allows us to expand the drill program to include additional drill holes while
maintaining the original budget. The goal of this program is to discover which bedrock lithology units are hosts
to the gold that we have seen across an extensive area of till cove r. The more holes we can drill, the greater
our chances of discovery and we have already encountered several rock units of interest that are mineralized
locally with up to half a percent pyrite, pyrrhotite, and arsenopyrite over broad intervals.”
Drill Program Expansion
The maiden drill program at Opinaca is being expanded from 2,500m (see press release dated September 18,
2025) to approximately 3,250m and is currently scheduled to be complete by the 15th of October (Figure 1).
The first five of six drill holes originally planned at the start of the program have been completed ahead of
schedule. The expanded plan will include the lengthening and movement of the sixth original hole further to
the north. This hole is currently being drilled with a target depth of 575m and is collared in an area where
multiple gold-bearing boulders were discovered in 2024. A seventh hole will be added to the north of Hole #1
with a target depth of 525m to target a quartz -rich meta- arenite unit mineralized with trace pyrite and
pyrrhotite encountered in the top of Hole #1 and seen in outcrop north of Hole #1 (Figure 2). If time and
budget permit, an eighth hole will be added to test the head of a till train at the eastern limit of the
geochemical footprint or an alternate target.
In addition to the meta-arenite in Hole #1, several other mineralized intervals of note have been encountered
in multiple drill holes. Sections of metawacke with two-toned bleaching halos containing very fine pyrite and
trace arsenopyrite around thin quartz veinlets ( Figure 3) have been drilled in Hole #2 and Hole #3. A 25m
section of metawacke with 15% leucosome veinlets and local trace pyrite was also encountered in Hole #2
(Figure 4) which is located about 2km up-ice from a leucosome boulder sampled in 2024 that returned 0.6g/t
Au (see press release dated November 25, 2024). All core samples will be delivered to the lab once drilling is
complete, with assays results expected mid to late November.
About the Opinaca Gold Project
The Opinaca Project is located in the James Bay region of Quebec, approximately 45km south of the all-season
Trans-Taiga Road and 140km northeast of the Eleonore gold mine. The Opinaca Project covers 85,267
contiguous hectares of the Opinaca geological sub -province, dominantly a metasedimentary region with
neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites. Till sampling and
prospecting work in 2023 and 2024 has identified a 7km-long gold target trend near the center of the project.
Boulder sampling in 2024 returned a dozen boulders with anomalous (>0.1g/t) gold values, including up to
6.7g/t Au. A recent airborne magnetic survey has identified a 4km magnetic anomaly at the center of the gold
trend.
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.
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”, “plan”,
“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: timing of completion of
the drill program ; number, location, and depth of drill holes ; 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 gold 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 gold 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; risks and
unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgi cal 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 successfully integrate acquired assets; the speculative nature of exploration and
development, including the risks of dimini shing 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.