Zodiac Gold Commences Phase III Drill Program at the Arthington Target
Zodiac Gold Commences Phase III Drill
Program at the Arthington Target
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Zodiac Gold Inc. (TSXV: ZAU) ("
Zodiac
Gold
" or the "
Company
"), a West-African gold exploration company, is pleased to announce that it has
commenced drilling on its Arthington target, part of the Company's 100% owned Todi Gold Project.
"We are excited to launch this next phase of drilling at Arthington, which represents a critical step toward
defining a deposit in one of West Africa's most promising underexplored gold regions," said
David Kol
,
President & CEO of Zodiac Gold. "Following two successful phases of drilling, Phase III is designed to
both de-risk and grow the potential at Arthington as we work toward establishing Zodiac Gold as a
premier West African gold explorer."
The Phase III program will include up to 3,000 metres of diamond drilling, with a focus on refining the
interpretation of the mineralized shear zones and the understanding of additional controls on
mineralization. The campaign also aims to expand on earlier successes by testing extensions along
strike and at depth.
Previous Drilling Highlights at Arthington Include:
7.50 g/t Au over 9.65m from a depth of 87.35m (including 20.36 g/t Au over 3m)
.
10.60 g/t Au over 6m from a depth of 55m (including 20.45 g/t Au over 3m)
.
2.10 g/t Au over 25.90m from a depth of 93.30m (including 4.20 g/t Au over 9.14m)
.
4.67 g/t Au over 5.65m from a depth of 10.25m (including 11.70 g/t Au over 2m)
.
1.10 g/t Au over 17m from a depth of 60m (including 3.07 g/t Au over 1m and 2.47 g/t Au
over 3m)
.
1
Over 5,500 metres of drilling have already been completed at Arthington, with gold mineralization
intersected in
30 of 32 holes
. The majority of the drilling has been completed along a strike length of
1.1km, within the +4km gold-in-soil anomaly at Arthington. The target remains open along strike and at
depth and includes multiple artisanal mining sites.
Pending the successful close of the current financing (refer to press release dated March 18, 2025), the
Phase III program will be supported by a high-resolution magnetic survey across the broader Arthington
to Youth Camp corridor, which includes a 16km gold-in-soil anomaly and numerous artisanal mining
sites. The study will refine the interpretation of potential structural and lithological controls on
mineralization, which will then be used to generate further drilling targets.
Qualified Person
Tom Dowrick, Director of Exploration at Zodiac Gold, is a Chartered Geologist of the Geological Society
of London and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical
and scientific information provided in this release.
About Zodiac Gold
Zodiac Gold Inc. (TSXV: ZAU) is a West-African gold exploration company focused on its flagship Todi
Project situated in Liberia-an underexplored, politically stable, mining friendly jurisdiction hosting several
large-scale gold and iron ore deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac
Gold is developing a district-scale gold opportunity with additional iron ore potential, covering a vast
2,316 sq km land package. The Todi Gold Project has undergone de-risking, showcasing proven gold
occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts.
Highlights of the project include:
Located only 13km from the capital city of Monrovia, meaning that the project benefits from existing
infrastructure, power and year-round accessibility.
District-scale gold exploration potential with proven high-grade mineralization across multiple drill-
ready targets along a 20km gold corridor. Strategically located 20km SE of Avesoro's New Liberty
Gold Mine (
1.8 Moz. resource
) with production of
360Koz in 2023
(Avesoro website).
Drilling highlights from 32 holes at the Arthington target include 6m at 10.6 g/t Au (including 3m at
20.45 g/t Au), 9.65m at 7.5 g/t Au (including 3m at 20.36 g/t Au) and 9.14m at 4.2 g/t Au
1
.
Drilling highlights at the Alasala target include 19.6 m at 6.17 g/t Au, 6.0 m at 7.69 g/t Au, 9.0 m at
4.6 g/t Au and 4.05m at 13.92 g/t Au (including 1.6m at 34.5 g/t Au)
2,3
.
For further information, please visit the Zodiac Gold website at
www.zodiac-gold.com
or contact:
David Kol
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information
This news release includes certain "forward-looking statements" within the meaning of Canadian
securities legislation.
Forward-looking statements include predictions, projections, and forecasts and are often, but not always,
identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast",
"expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event
or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions
and includes the negatives thereof. All statements other than statements of historical fact included in this
release, including, without limitation, statements regarding the Company's planned exploration programs
and drill programs and potential significance of results are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those anticipated in such
statements. Forward-looking statements are based on a number of material factors and assumptions.
Important factors that could cause actual results to differ materially from Company's expectations include
actual exploration results, changes in project parameters as plans continue to be refined, results of future
resource estimates, future metal prices, availability of capital, and financing on acceptable terms,
general economic, market or business conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials, and equipment on a timely basis, accidents or equipment
breakdowns, delays in receiving government approvals, unanticipated environmental impacts on
operations and costs to remedy same, and other exploration or other risks detailed herein and from time
to time in the filings made by the Company with securities regulators. Although the Company has
attempted to identify important factors that could cause actual actions, events, or results to differ from
those described in forward-looking statements, there may be other factors that cause such actions,
events, or results to differ materially from those anticipated. There can be no assurance that forward-
looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue
reliance on forward-looking statements.
1
Please refer to the Company’s April 30, 2024, press release for further details.
2
Please refer to the Company’s August 12, 2024, press release for further details.
3
Please refer to the Company’s October 28, 2024, press release for further details.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247541