Targa Exploration Finds Anomalous Silver in El Zanjon Drill Holes
Event summary
- Targa Exploration reported anomalous silver values (2-11 ppm) in the first two drill holes at its El Zanjon gold-silver project in Argentina.
- No significant gold values were detected, but mineral indicators suggest a possible epithermal source.
- 9 of 10 planned drill holes have been completed, with assays for the remaining holes expected in 4-6 weeks.
The big picture
Targa Exploration's El Zanjon project tests the hypothesis that a major structural corridor hosting one of the world's most extensive low-sulphidation vein fields may extend under cover to its property. The initial silver anomalies and alteration patterns, while not yet economically significant, provide early validation for the company's exploration strategy in Argentina's Santa Cruz region.
What we're watching
- Geological Potential
- Whether the structural corridor hosting Cerro Vanguardia's vein field extends to El Zanjon, validating Targa's exploration thesis.
- Assay Results
- The pace at which remaining drill hole assays confirm or refute initial silver anomalies and epithermal indicators.
- Project Viability
- How Targa's targeting model evolves as more data is collected from the Jurassic basement rocks in the NE-AOI area.
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