This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Venidero Project
The Venidero gold-silver project is located 60km south of Newmont’s Cerro Negro gold mine and covers 10,736ha in the Santa Cruz Province of Argentina. It is hosted in the same Jurassic Chon Aike volcanic rock formation as the Cerro Negro gold mine and outcropping veins at the Venidero project have returned up to 4.45g/t Au in chip samples.
Rock textures and geochemistry of the veins at surface suggest a high level of emplacement within an epithermal gold system. Ground magnetic surveys and prospecting programs conducted by Rugby Resources have demonstrated the main Gorganzola vein structure can be traced for 2.5km and has similar vein textures to the Eureka vein at Cerro Negro gold mine, indicating a high-level system at surface.
The Company has not verified information related to the Cerro Negro gold mine, and mineralization at the Cerro Negro gold mine is not necessarily indicative of mineralization at the Venidero project.
Targa believes the potential exists for the system to have more favourable conditions for gold deposition at depth and plan to test this theory with a future maiden drill program as the Venidero project remains undrilled to date. Additional unsampled silica zones and vein blocks have been discovered over a 5 km area south of the Gorganzola vein and Targa plans to initiate a Phase 1 geological mapping, rock chipping work and IP survey program in 2026 with the goal of identifying drill targets for a potential Phase 2 program in the future.
*maps and images provided by Aegis
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.