Opinaca Project

Opinaca is Targa’s flagship asset. Located in the James Bay region of Quebec, 50km south of the all-season Trans Taiga highway and high voltage powerline, it was acquired from Kenorland Minerals in 2022. Originally acquired for its lithium prospectivity, a regional till sampling program in 2023 uncovered two significant and distinct gold (Au-As-W-Sb) anomalies, demonstrating the potential for future discovery of orogenic gold deposits on the project. Additional claim staking in 2024 expanded the property to a total of 85,267ha covering the ground in the direction of historic glacial ice movement to cover any potential mineralized bedrock sources shedding gold into the till. Opinaca is subject to a 3% NSR held by Kenorland Minerals.

Opinaca Gold Anomaly

• In 2023, a regional till program was conducted at Opinaca with Kenorland Minerals acting as Project Operator to provide expertise and logistics in executing the field work.
• 994 fine-fraction till samples were taken every 150m on lines spaced 1km apart and sent to lab for analysis, covering roughly 35km by 6km of ground.
• Two distinct gold anomalies with elevated values of Au-As-W-Sb-Ag were identified from the till program.
• The larger central anomaly measures 4km wide (perpendicular to the glacial ice direction) by 5km long with an even higher-grade eastern anomaly measuring 1.5km wide by 3km long.

• The Central till anomaly is similar in width and grades to that found down-ice from the Eleonore gold mine and the Eastern anomaly is similar in grade and width to the recent Renault gold discovery made by Sumitomo and Kenorland Minerals.
• Gold-in-till anomalies studied at other Quebec gold deposits such as Eleonore and Renault extend for approximately 5-10km down-ice from the bedrock source.
• After the additional claim staking completed in early 2024, the project now covers at least 30km of up-ice ground from the Central anomaly and 20km up-ice from the Eastern anomaly.

Opinaca Lithium/Cesium Anomaly

• In addition to the incredible gold anomalies, the 2023 till sampling program also produced an encouraging lithium/cesium anomaly covering 2km x 1km.
• The anomaly remains open in the up-ice direction and is coincident with favourable geology identified by the field team in 2023.
• Multiple peraluminous pegmatites containing garnet, muscovite, and apatite were seen 1-2km up-ice from the lithium till anomaly.
• This area remains highly prospective for future lithium-cesium-tantalum (LCT) pegmatite discovery and will be further investigated in 2024.