Targa identifies lithium anomaly from Opinaca till sampling

• Results of 996 till samples received from Opinaca lithium project
• 2,000m by 1,000m lithium-cesium-tantalum till anomaly identified
• Li-Cs-Ta anomaly appears open ended in the up-ice direction

“Our team is very excited by the results of the first phase field program at Opinaca,” commented Cameron Tymstra, CEO of Targa. “The program has revealed a lithium-cesium-tantalum target at the eastern extent of the sample grid that is 2km in length and up to 1km wide. This particular area has never been explored and only very limited geological mapping has been completed in this part of the Opinaca sub-province, so we are looking forward to further exploring the potential of the area. The anomaly is open in the up-ice direction, and we are making plans to extend the grid to the northeast as well as conducting infill sampling in 2024. The geochemical anomaly coincides with the project area where favourable geology including white pegmatites with muscovite, garnet and apatite were identified by field crews in 2023.”

Opinaca Till Results

The till sampling program at Opinaca, executed by Kenorland Minerals on behalf of Targa in September 2023, consisted of a total of 994 deep till samples covering an area approximately 35km by 6km. Sample lines were set at 1km apart with samples taken at 150m intervals. Samples were sent to the Bureau Veritas lab in Timmins, Ontario to undergo multi-element analysis.

Results from the program have identified an anomaly with overlapping elevated values of lithium, cesium, and tantalum that is 2km-long in the direction of historic ice movement by 1km-wide (Figure 1). The primary lithium anomaly is situated at the eastern extent of the sample grid and appears open in the up-ice direction.

This anomaly occurs in the region that was identified during a brief stop by field crews as having favorable geological features such as multiple peraluminous pegmatites containing garnet, muscovite, and apatite, (Figure 2). Lithium values in the till samples reached a high of 59ppm with cesium values up to 13.9ppm. Also in the same area are several lake sediment samples from the provincial data base with anomalous lithium and cesium values.

In addition to expanding the till grid, Targa is planning an intensive outcrop identification and field mapping program for early summer 2024 to search for an up-ice source of the till sample anomalies and potential lithium-enriched pegmatites.

About the Opinaca Project

Opinaca is located in the James Bay region of Quebec, approximately 40km south of Patriot Battery Metals’ Corvette lithium discovery and 45km south of the all-season Trans-Taiga road. The Opinaca project covers 43,595 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with archean-aged igneous intrusions including of the Vieux Comptoir suite of granites.

Sample Procedure and QA/QC

Till samples were sieved to 230 mesh and sent to Bureau Veritas’ lab in Timmins, Ontario. Each sample underwent multi-element analysis by four-acid digestion and analysis packages ICP-AES for major elements and ICP-MS for trace elements. Gold analysis was done by aqua regia followed by ICP-MS. As part of Targa and Kenorland’s QA/QC procedures standard and blank samples were inserted every 20 samples. Duplicate samples were also analyzed every 20 samples. Internal lab blanks and standards were also used by Bureau Veritas.

Qualified Person

The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Adrian Lupascu M. Sc. P.Geo., Exploration Manager of Targa Exploration Corp., who is a “qualified person” within the meaning of National Instrument 43 -101- Standards of Disclosure for Mineral Projects.

About Targa

Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian lithium exploration company engaged in the acquisition, exploration, and development of lithium mineral properties with headquarters in Vancouver, British Columbia. Targa’s lithium project portfolio consists of fifteen 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.

Contact Information: For more information and to sign-up to the mailing list, please contact:

Cameron Tymstra, CEO and President
Tel: 416-668-1495
Email: cameron@targaexploration.com
Website: www.targaexploration.com

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