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Targa Exploration Finds up to 6.7g/t Au in Boulders at Opinaca Gold Project
VANCOUVER, BC, Nov. 25, 2024 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today announced the results of its
About this update from Targa Exploration Corp.
[{"type":"text","content":" VANCOUVER, BC, Nov. 25, 2024 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) (\"Targa\" or the \"Company\") today announced the results of its September exploration program at the Company's 100%-owned flagship Opinaca Gold project (\"Opinaca\"), located in the James Bay region of Quebec. Highlights A dozen boulder samples returned >0.1g/t Au with a high sample of 6.67g/t Au Up to 123 gold grains in Heavy Mineral Concentrate (\"HMC\") sampling In-fill HMC sampling continues to support thesis of the presence of a gold system along the 7km target trend. Planning next phase of exploration at Opinaca including airborne geophysics and additional ground work. \"Finding anomalous gold values in a dozen samples, including up to 6.7g/t, on the first ever prospecting trip to the target trend is a huge success for the project and our team\", commented Targa CEO, Cameron Tymstra. \"Every trip we have made to Opinaca we have come back with more encouraging data to support our thesis that a gold system exists in the area. We have gone from a geochemical anomaly to a 7km trend supported by gold grain data and now for the first time we have found anomalous gold in boulders spread across the trend. We are continuing to work with Kenorland Minerals to make plans for a return to Opinaca in 2025 to continue advancing the project towards discovery.\" September Field Program Results Heavy Mineral Concentrate Sampling During the September field program 113 additional HMC samples were taken on a grid of 500m by 250m along the previously identified 7km target gold trend (Figure 1). The HMC samples were processed at Overburden Drilling Management's lab in Ottawa. Gold grain counts from the HMC samples continue to support the thesis of the existence of a gold system along the trend with the majority of samples taken down ice from the trend returning elevated grain counts. Many samples returned gold counts in excess of 25 grains, including a new high grain count for the project of 123 gold grains per normalized 10-kg sample, 79% of which were considered pristine grains. Similar to the HMC sampling conducted in June, many of the latest batch of HMC samples showed elevated to high percentages of pristine gold grains, indicating a shorter transportation distance of the gold grains from a bedrock source. 0.1g/t Au from Opinaca Targ...