Targa Exploration Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
Suite 1723 – 595 Burrard Street Vancouver, BC Canada V7X 1J1 |
| Tel No.： | 604-355-0303 |
| Web Site： | www.targaexploration.com |
| E-mail： | info@targaexploration.com |
| Contact Person： | Cameron Tymstra |
| Position： | President, CEO & Director |
| Traded Market： | CSE |
| Traded Symbol： | TEX |
| Outstanding Shares： | approx. 98.37 million |
| 52 Week High： | $ 0.48 |
| 52 Week Low： | $ 0.07 |
| Present Price： | Click Here |
Targa Exploration is a Canadian exploration company engaged in the acquisition, exploration and development of gold and lithium mineral properties with headquarters in Vancouver, B.C. Targa's project portfolio consists of 15 projects in the provinces of Quebec, Ontario, Manitoba and Saskatchewan and covers over 400,000 hectares of prospective ground, most of which has never been explored previously for lithium or gold.
Targa flagship project, Opinaca is located in the James Bay region of Quebec, approximately 40km south of Patriot Battery Metals' Corvette lithium discovery, 45km south of the all-season Trans-Taiga Road and 120km northwest of the Renard Diamond 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 in 2023 uncovered a 5 km x 4 km gold/arsenic/tungsten anomaly in the centre of the project as well as a higher-grade gold and lithium anomaly to the east. Opinaca will be the focus of the 2024 exploration season.
The Company's vision is to become a leading gold and lithium explorer with an extensive portfolio of target-rich assets assembled by industry-leading mine-finders.
Investment Highlights
Company
- Supported by an advisory board of industry veterans: Craig Parry, John Robins and Leo Hathaway
- Part of Inventa Capital, responsible for raising >$500M across the group of companies in the past 5 years
- Significant share ownership by insiders/management and project originators
Exploration Upside
- Multiple significant gold-in-till anomalies being investigated on 100%-owned asset covering >85,000ha of unexplored ground in Quebec
- Exposure to both gold and lithium in top-tier Canadian jurisdictions
- 100% ownership of district-scale assets
Opportunity
- Participate at the pre-discovery phase for maximum leverage to positive exploration results
- Fully funded 2024 exploration programs
- One of largest exploration portfolios in Canada providing exposure to discovery potential on >400,000ha of ground
Project Overview
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Quebec:
Opinaca: 85,267ha located 40km south of Corvette lithium deposit. Acquired from Kenorland Minerals. Lithium and GOLD anomalies discovered in 2023 till sampling program. Central gold till anomaly covering 5km x 4km. |
Ontario: Five road-accessible projects. White peraluminous pegmatites with muscovite-garnet-tourmaline-beryl found during 2023 field work.
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Manitoba: Two projects with historic lithium occurrences with samples up to 2.97% Li2O. Spodumene, petalite and lepidolite found at surface.
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Saskatchewan:
White Metal covers the highest concentration of Cs, Rb and Ta in lake sediment anomalies in Saskatchewan and has potential for both lithium and uranium. Prince Albert Lake covers a band of metasedimentary and metavolcanic rocks up-ice from Li-boulders and 20km from Bailey Lake spodumene occurrence. |
Opinaca Project, Quebec
Potential for both lithium and gold discovery
- The Opinaca project is located 50 km south of all-season Trans-Taiga road and powerline in James Bay region of Quebec. Recently expanded to 85,267 hectares.
- Next to recent JVs with Rio Tinto/Azimut ($115M) and Rio Tinto/Midland ($65M).
- Opinaca is 140 km northeast of the Eleonore gold mine (Newmont)
- Project sits in the Opinaca sub-province near the boundary with the La Grande. The same boundary area that is host to the Eleonore deposit.
- Gold-arsenic and lithium-cesium anomalies identified from 2023 till sampling program. Largest gold anomaly is 5 km x 4 km.
2024 Lithium & Gold Exploration Program
Summer 2024 (June 15 – July 15)
Till Sampling Program
- Continuation of regional till sampling grid on 1km x 150m spacing up ice from gold and lithium anomalies
- Approximately 1,650 till samples analyzed in camp with XRF for arsenic for real-time data to target infill sampling prior to sending out to the lab
- In-fill till sampling on 250m x 150m grid over target areas for an additional 1,300 samples
Prospecting & Heavy Mineral Concentrate (HMC) Testing
- Geology team prospecting up-ice from anomalies for mineralized boulders and outcrop
- Collection of 40 large till samples for Heavy Mineral Concentrate testing and gold/spodumene grain counting
The primary goals of the exploration program at Opinaca are to narrow down the search area of the possible bedrock sources of the gold and lithium anomalies identified in 2023 till sampling and progress toward identification of drill targets. Kenorland Minerals will act as project operators for the duration of the 2024 exploration program, providing invaluable logistics, planning, and early-stage exploration experience in Quebec.
Management, Directors and Advisors
Jim Paterson, Chairman
Co-founder and principal of Discovery Group and has 25 years of executive leadership experience in the mining industry, including capital raises, acquisitions, joint-ventures, spinouts, and RTOs and IPOs. Was a driving force behind $80 million in equity financing for ValOre Metals, which led to multiple discoveries at the Angilak uranium project and Pedra Branca PGE project. He is a director of K2 Gold, Latitude Uranium and Gold Basin Resources.
Cameron Tymstra, President, CEO & Director
15 years of mining industry experience in the Americas including COO and CEO roles at publicly traded companies. Holds a degree in Mining Engineering and a Master's in Mining Management.
Andrew Rockandel, Executive Director
Four decades of business experience in mineral resources, renewable energy, forestry, and specialty chemicals. Helped found multiple junior resource companies over 25 years in the junior mining market.
Lorne Warner, P.Geo., Vice President Exploration
Over 30 years experience in mineral exploration and underground and open-pit mining with Noranda Exploration and Placer Dome Inc. As the vice-president of several junior mining companies, his team discovered the western extension of the Detour Lake gold deposit, now in production in Ontario, as well as the Falea North zone (uranium, silver and copper deposit) and the Fatou Main gold deposit in Mali.
Jeremie Pfister, PhD, Geology Manager
Holds a PhD in pegmatite ore deposit geology from Laurentian University and an undergraduate degree in geology from the University of Arizona. Speaks fluent English and French.
Dilshan Anthony, Chief Financial Officer
A Chartered Professional Accountant with over 15 years of experience spread throughout various sectors of accounting.
Jon Ward, VP Corporate Development
A proactive and resourceful investor relations and capital markets professional responsible for leading investor and marketing initiatives for the Inventa Capital companies.
Jennifer Hanson, Corporate Secretary
A Senior Professional with more than 22 years of experience in all aspects of human resource management, accounting, and administration.
Mahesh Liyanage, Director
A Chartered Professional Accountant with more than 20 years of experience across diverse industries.
Karlene Collier, Director
An accomplished leader with over 15 years of industry experience in capital markets, mergers and acquisitions and publicly listed companies trading on the Toronto Stock Exchange Venture, Canadian Securities Exchange and in the U.S. markets.
John Robins, Advisor
Discovery Group – Co-founder & Principal. Winner of AMEBC's Murray Pezim Award in 2018 and 2022, and H.H. “Spud” Huestis Award in 2008
Kaminak Gold Corp. – Founder (acquired by Goldcorp)
Great Bear Resources & Great Bear Royalties – Acquired by Kinross Gold Corp.
Significant discoveries – 5M oz Coffee Gold deposit, Three Bluffs gold deposit, Great Bear project
Capital – Generated over CDN$3B in M&A activity and has generated over $1B in direct and indirect mineral expenditures
Craig Parry, Advisor
Inventa Capital – Co-founder & Partner
Vizsla Silver Corp. – Founder & Chairman
Iso Energy & NexGen Energy – Founder and former CEO/Director
Tigers Realm Group – Founder
AME Colin Spence Award – discovery of the Hurricane uranium deposit in 2018
Leo Hathaway, Advisor
A geologist and senior executive in the mining and exploration industry with 25 years of experience.
Currently serves as Executive Chairman of Golden Shield Resources Inc., Senior VP of Lumina Gold Corp., and Senior VP Exploration of Luminex Resources Corp.
On September 12, 2024, The next phase of exploration has begun at Targa Exploration Corp.'s 100-per-cent-owned flagship Opinaca gold project, located in the James Bay region of Quebec. Highlights:
- Intensive prospecting and rock sampling along a seven km (kilometre) target gold trend;
- Higher-density grid of heavy mineral concentrate (HMC) sampling;
- Goal to identify bedrock source of gold found in local till samples;
- Field program will be completed within a week;
- Results expected mid- to late October.
"We are excited to be back at Opinaca to explore the potential of our recently identified seven km target gold trend," commented Targa chief executive officer Cameron Tymstra. "Now that we know where to look, we have deployed a larger geology team for an intensive prospecting program and will be increasing the sample density of the HMC grid to further define the target trend. The team has made great progress at Opinaca since first identifying the project's gold potential at the start of the year. This program is the next step in tracking down the source of gold seen in till and understanding the gold system that is suspected of lying somewhere in the target trend."
July 22, 2024, Targa Exploration Issues Shares to Kenorland to Complete 100% Acquisition of its Opinaca Project.
https://targaexploration.com/targa-issues-shares-to-complete-property-acquisitions/
July 11, 2024, Targa Completes Next Phase of Work at Opinaca Gold Project; Identifies Heads of Two Large Distinct Till Anomalies
https://targaexploration.com/targa-begins-exploration-campaign-at-opinaca-gold-project-2/
June 11, 2024, Targa Begins Exploration Campaign at Opinaca Project
https://targaexploration.com/targa-begins-exploration-campaign-at-opinaca-gold-project/
May 1, 2024, Targa closes $670,000 final tranche of financing