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Targa begins exploration on its Québec lithium projects

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| June 13, 2023

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  • Targa Exploration Corp. (CSE:TEX) has begun exploration programs on its projects in Québec
  • A field crew has mobilized at its Musquaro lithium exploration project in southeast Québec for a phase one mapping, sampling and traversing program across the project
  • Musquaro consists of three claims blocks totalling 754 square kilometres located in southeastern Québec. It is one of three projects Targa acquired from well-known prospector Shawn Ryan earlier this year
  • Targa Exploration Corp. (CSE:TEX) opened trading at $0.45 per share

Targa Exploration Corp. (CSE:TEX) has begun exploration programs on its lithium projects in Québec.

A field crew has mobilized at its Musquaro lithium exploration project in southeast Québec for a phase one mapping, sampling and traversing program across the project.

Targa has contracted GroundTruth Exploration to help plan and execute the exploration program at Musquaro. GroundTruth is providing a team of 15 geologists and prospectors, equipped with field exploration equipment, to conduct the phase one work, which is expected to take approximately seven days to complete. Crews are conducting traverses across the three claim blocks that make up the Musquaro project to provide a more detailed geological map of the area and potentially identify new pegmatite occurrences. Geology teams will also investigate the 96 known pegmatite occurrences at Musquaro, which have not been sampled for their Lithium-Cesium-Tantalum potential.

Musquaro consists of three claims blocks totalling 754 sq. km. located in southeastern Québec. It is one of three projects that Targa acquired from well-known prospector Shawn Ryan earlier this year.

Click to enlarge
Map of Musquaro Project with Lake Sediment Samples Anomalous for Lithium. Source: Targa Exploration Corp.

Targa’s Chief Executive Officer, Cameron Tymstra, commented that Musquaro’s proximity to an existing road network and local communities along the St. Lawrence seaway make the project easy to access with a longer fieldwork window.

“Extensive bedrock exposure across the project should allow for rapid mapping coverage and pegmatite prospecting inland from the historically mapped shoreline. The combination of nearly a hundred previously identified pegmatites around Musquaro Lake and the concentration of highly anomalous lake sediment samples within the lake has us very excited about the lithium discovery potential at Musquaro,” Tymstra said.

Targa Exploration Corp. is engaged in the acquisition, exploration, and development of mineral properties in Canada and currently has an interest in the Shanghai property located in the Mayo Mining District, Yukon Territory. The company recently closed its acquisition of Pan Canadian Lithium Corp. Click here to read more.

Targa Exploration Corp. (TEX) opened trading at $0.45 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.




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