Targa Exploration Launches Key Gold-Silver Programs at El Zanjon and Venidero in Argentina

Targa Exploration Corp. ( (TSE:TEX) ) has provided an announcement.

Targa Exploration Corp. has outlined its 2026 exploration plans for the El Zanjon and Venidero gold-silver projects in Argentina’s Santa Cruz province, aiming to leverage the region’s proven epithermal systems. The programs are designed to advance both projects from mapping and geochemical targeting to initial drilling, potentially positioning Targa closer to defining new mineralized zones in a prolific mining district.

At Venidero, where a prospecting-level Environmental Impact Statement is already approved, a field team has begun detailed geological mapping and sampling over roughly half of the 10,736-hectare property, focusing on expanding knowledge around the 2.5-kilometre-long Gorganzola Vein and other unsampled structures. This work could refine targets on a project situated about 60 kilometres south of Newmont’s Cerro Negro mine.

At El Zanjon, now covering 57,276 hectares along the same structural corridor as AngloGold’s Cerro Vanguardia mine, Targa is preparing a fully funded maiden diamond drill program of at least 2,000 metres, expected to start once the exploration-level Environmental Impact Statement is approved. The company has already completed soil sampling and relies on prior geophysical and geochemical surveys that outlined large gold-silver anomalous zones and key fault structures to guide initial drill collar locations.

The planned drilling at El Zanjon, scheduled to run through April and May, will test targets interpreted as potential repeats of the low-sulphidation epithermal mineralization seen at nearby producing mines, underscoring the strategic significance of this campaign for Targa’s exploration portfolio. Collectively, the mapping at Venidero and imminent drilling at El Zanjon signal an escalation of on-the-ground activity that could materially influence Targa’s resource discovery prospects and its competitive positioning within the Deseado Massif region.

Spark’s Take on TSE:TEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:TEX is a Underperform.

Targa Exploration Corp.’s financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.

To see Spark’s full report on TSE:TEX stock, click here.

More about Targa Exploration Corp.

Targa Exploration Corp. is a mineral exploration company focused on gold and silver projects, with a particular emphasis on low-sulphidation epithermal systems in Argentina’s Santa Cruz province. The company is advancing early-stage assets such as the El Zanjon and Venidero properties, located near established operations including AngloGold’s Cerro Vanguardia and Newmont’s Cerro Negro mines.

Average Trading Volume: 137,353

Technical Sentiment Signal: Buy

Current Market Cap: C$21.9M

See more insights into TEX stock on TipRanks’ Stock Analysis page.