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Vancouver, B.C., May 04, 2026 (GLOBE NEWSWIRE) — Aegis Resources Ltd. (“Aegis” or the “Company”) is pleased to provide its shareholders with an update on exploration activities across its portfolio of mineral projects in Argentina, Colombia, Australia and Chile, all of which are being actively advanced by the Company’s partners.
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El Zanjon and Venidero Gold-Silver Projects, Argentina
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The El Zanjon and Venidero projects, located in Santa Cruz Province, Argentina, are being advanced by Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) (“Targa”). Under the option agreements, Targa may earn up to an 80% interest on the projects, while Aegis retains a 20% interest carried through completion of feasibility studies.
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At El Zanjon, Targa has announced that it has received the final permits required for exploration drilling and has commenced mobilization of camp, drill rig and personnel to site. Targa plans to begin a fully funded maiden drill program comprising approximately 2,250 metres of diamond drilling across 11 drill holes, with drilling expected to commence during the first week of May 2026. The drill program is designed to test two priority gold‑silver target areas identified from historical and recent geochemical, geological and geophysical data and represents the first drill testing of the El Zanjon project.
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Exploration planning is also progressing at Venidero, where Targa continues to advance work programs aimed at defining drill‑ready targets within the same prolific epithermal gold‑silver belt.
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For more information, see Targa’s news release dated April 30, 2026 or visit https://targaexploration.com
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Cobrasco Copper-Molybdenum Project, Colombia
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The Cobrasco project, located in the Chocó Department of Colombia, is being advanced by Andina Copper Corporation (TSXV: ANDC | OTCQX: ANDC) (“Andina”), with Aegis retaining an effective 20% free‑carried interest through completion of a feasibility study.
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Andina has reported continued drilling success at the Cobrasco Central porphyry system, where recent step‑out holes have materially expanded the footprint of copper‑molybdenum mineralization. Drilling has confirmed long, continuous intervals of near‑surface mineralization, and the mineralized footprint now extends to approximately 1,000 metres by 500 metres, remaining open in all directions. Additional drilling has been completed, with further results pending as Andina continues to advance the project.
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For more information, see Andina’s news release dated April 21, 2026 or visit https://andinacopper.com/
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Georgetown Copper-Gold Project, Australia
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The Georgetown Project in north Queensland, Australia, is being advanced by Emu NL (ASX: EMU) (“Emu”), with Aegis retaining a project interest while Emu funds exploration activities.
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Emu has reported the completion of a Stage 1 drilling program at the Fiery Creek prospect, part of the broader Yataga Valley project area. Drilling results have confirmed copper‑silver mineralization and refined the geological and structural interpretation of the system, providing a framework for follow‑up drilling and further target development across the project area.
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