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El Zanjon Project
The El Zanjon gold-silver project covers 34,521 ha in the Santa Cruz Province of Argentina and is located 30km south of AngloGold Ashanti’s Cerro Vanguardia gold-silver mine, which is currently producing 175,000 oz AuEq per year and has produced more than 6 million ounces of gold and 81 million ounces of silver to date1,2. The El Zanjon project is located within the Deseado Massif in Santa Cruz, one of the most prolific epithermal gold and silver regions in the world and home to many significant gold and silver deposits.
*maps and images provided by Aegis
At the nearby Cerro Vanguardia gold-silver mine, high grade veins are typically related to the intersection of NW and E-W fault systems. Regional airborne mag surveys at El Zanjon show major NW trending structures which veer to more E-W. The Company plans to target a possible repetition of the structural setting seen at the Cerro Vanguardia gold-silver mine on the El Zanjon project.
Despite its proximity to the Cerro Vanguardia gold-silver mine, the El Zanjon project has remained largely unexplored due to tertiary sedimentary cover that is 30-100m thick. To date, Rugby Resources has completed initial ground-based magnetic surveys over the property to define fault structures and flexures, essential for hosting potential gold-silver mineralization similar to the Cerro Vanguardia gold-silver mine. A number of prospective geochemical targets coincident with structural features have also been identified by the Rugby Resources team. These were identified using ultra low-level ionic leach soil geochemistry that tests for potential metal leakage from the underlying bedrock. Some limited IP surveying work has also been completed by Rugby Resources at the El Zanjon project over several areas of interest.
The Company has not verified information related to the Cerro Vanguardia gold-silver mine, and mineralization at the Cerro Vanguardia gold-silver mine is not necessarily indicative of mineralization at the El Zanjon project.
Targa plans to target the areas of interest identified from previous geophysical and geochemical work with potentially some additional IP surveying to select drill sites for a maiden drill program at the El Zanjon project in 2026.
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 (in respect of which up to 80% has been optioned to Targa), a 20% free-carried interest in the Cobrasco project in Colombia (being advanced by Andina Copper Corporation, CSE:ANDC), the Georgetown project in Australia (being advance by Emu NL, ASX:EMU), and a 1.5% NSR on the Mantau Project in Chile. These assets were spun out of Rugby Resources Ltd. on July 25, 2025. Aegis’ strategy is to progress its projects through targeted exploration while partnering with qualified joint venture operators to minimize dilution and maximize shareholder value.