The El Zanjon project now covers a total of 57,276 contiguous hectares of prospective ground in the prolific Deseado Massif.
By Panorama Minero
Highlights include
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El Zanjon project expanded by 66% from 34,521ha to 57,276 contiguous hectares
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New concessions cover areas of interest and potential extensions of geochemical anomalies
“Previous geochemical sampling identified an area of interest that ran up to the edge of the old project boundary” commented Targa CEO, Cameron Tymstra. “This expansion of El Zanjon will cover any potential continuation of that trend to the northeast and help protect our project boundaries in the event of a discovery. We look forward to getting on the ground at both El Zanjon and Venidero in the first half of this year. We are putting together plans and budgets while we wait for approval of our updated Environmental Impact Statements for both projects. We are currently anticipating receipt of approvals sometime in February.”
El Zanjon Expansion
Three additional exploration concessions at the El Zanjon project have been granted. The three concessions combined cover 22,755ha and sit at the north, east, and southwest edges of the previous project limits.
The eastern extension concession covers 8,007ha and was staked to cover any potential extension of the primary area of interest in the northeast area of the project previously identified by the soil sampling work conducted by Rugby Resources. The northern extension covers an area of 6,383ha with some elevated gold values in the soil sampling work. The southwestern extension covers 8,365ha of an unexplored area that the team believes may have potential for similar structural and geological conditions as other areas of interest.
The El Zanjon project now covers a total of 57,276 contiguous hectares of prospective ground in the prolific Deseado Massif. The additional exploration concessions are subject to the same option agreement terms as the original claim group.
