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Aegis Resources Ltd. Provides Update on its Optioned Argentinean and Australian Projects
Vancouver, B.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Aegis Resources Ltd. (“Aegis” o...
About this update from Andina Copper Corporation.
[{"type":"text","content":"Aegis Resources Ltd. Provides Update on its Optioned Argentinean and Australian Projects\nVancouver, B.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Aegis Resources Ltd. (“Aegis” or the “Company”) is pleased to provide shareholders with an update on its optioned projects in Argentina and Australia. El Zanjon and Venidero Projects, Argentina At El Zanjon Project, in Santa Cruz, Argentina, Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) (“Targa”) has expanded the project area by 66% to 57,276 contiguous hectares through the granting of three new concessions. This expansion secures potential extensions of previously identified geochemical anomalies and strengthens the project’s position within the prolific Deseado Massif. Targa continues to advance planning and budgeting for El Zanjon and Venidero projects, while awaiting approval of updated Environmental Impact Statements. Approvals are anticipated in February, enabling field programs to commence in the first half of 2026. As per the terms of the option agreements between Aegis and Targa, Targa has issued 1,250,000 shares to Aegis at a deemed price of $0.20 per share. See Targa’s news release dated January 8, 2026. Georgetown Project, Australia In Queensland, Australia, Emu NL (“Emu”) has reported visible copper sulphide intersections from its drilling campaign at the Fiery Creek prospect, located within the Georgetown region. To date, nine drill holes have been completed for a total of 1,548 metres intersecting chalcopyrite, bornite, and cuprite across multiple holes, with assay results expected in late January. A diamond drill hole is planned to further evaluate the mineralised shear zone. See Emu’s news release dated December 19, 2025. About Aegis Aegis Resources Ltd. is an unlisted public company focused on advancing a strategic portfolio of mineral exploration assets across Latin America and Australia. Its holdings include the El Zanjon and Venidero projects in Argentina (optioned to Targa where Targa may earn up to an 80% interest in each project upon completion of a pre feasibility study), a 20% free-carried  interest to completion of feasibility study in the Cobrasco project in Colombia (being advanced by Andina Copper Corporation (TSXV: ANDC) (“Andina”), currently a 1...