Zodiac Gold Completes Drill Program at the Alasala Target and Hits Mineralized Zones including 4.05m at 13.92 g/t
Zodiac Gold Completes Drill Program at the
Alasala Target and Hits Mineralized Zones
including 4.05m at 13.92 g/t
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - Zodiac Gold Inc. (TSXV: ZAU)
("
Zodiac Gold
" or the "
Company
"), a West-African gold exploration company, is pleased to report the
results from its diamond drilling program at the Alasala target, including
4.05m at 13.92 g/t (including
1.6m at 34.5 g/t Au)
,
7m at 2.23 g/t Au (including 1m at 12.65 g/t Au)
and
4.25m at 0.99 g/t Au
(including 0.7m at 5.25 g/t Au)
. In addition, channel sampling in the Lion Hill artisanal mining pit during
this drill program by Zodiac Gold's geological team returned
6.05m at 9.06 g/t Au (including 1m at 46
g/t Au and 1m at 7.6 g/t Au)
. The results of drilling confirm that the high grades reported from surface
exploration and previous drilling in the oxide zone have strong continuity at depth, with 4.05m at 13.92 g/t
Au intersected 75m below surface. These zones are believed to be open at depth.
David Kol, President & CEO of Zodiac Gold, commented:
"We are thrilled to unveil high-grade drilling
and channel sampling results from the Alasala target, reinforcing the immense potential of the Todi
Project following the success of our Phase 1 and Phase 2 programs at the Arthington target. Our
geological team's agility in executing this campaign, adapting strategies as new structural insights
emerged, has been pivotal. This enhanced understanding of the Alasala target's geology lays a
powerful foundation for even greater success in our upcoming exploration efforts."
The drilling program, which commenced in Q3 of 2024 and was completed on October 11, 2024,
consisted of eight diamond drill holes in the Mandingo Hill, Man Field and Lion Hill areas of the Alasala
target (Figure 1).
A summary of the drilling program is provided below:
ALDD007 returned results of
4.05m at 13.92 g/t (including 1.6m at 34.5 g/t Au)
, having
intersected the interpreted down dip extension of a steeply dipping mineralized zone, close to the
intersection of interpreted northwest and northeast trends. Previous results in this area include
19.6m at 6.15 g/t Au
(1)
and 9m at 4.6 g/t Au.
ALDD008 targeted a northwest trending cross-cutting structure identified in the Lion Hill artisanal
mining pit and returned results of
7m at 2.23 g/t Au (including 1m at 12.65 g/t Au)
and
4.25m at
0.99 g/t Au (including 0.7m at 5.25 g/t Au)
.
Geological mapping and drill hole logging indicate a complex geological history. The recognition of
the cross-cutting structures as highly significant to the distribution of gold mineralization, as well as
the presence of favorable host rocks such as amphibolite and melanocratic gneiss, provides a
strong model for future drilling as evidenced by the results of ALDD007 and ALDD008, the final
two holes of the program.
The Company plans to complete additional geological mapping, with a focus on the numerous cross-
cutting structures identified in a satellite data interpretation study, and a structural study to aid in future
drill hole targeting. Cross-cutting structures are interpreted on both the northwesterly Pan African age
trend and the northeasterly Liberian age trend. The Todi Shear Zone marks the northwest trending zone
between Liberian age rocks and rocks deformed during the Pan African Orogeny. Gold mineralization is
known to occur on both northwesterly and northeasterly trends within the Todi Shear Zone.
(1) Historical drill hole result. Re-sampling of disrupted, broken quarter core in the oxide zone, including core loss, resulted in an intersection of 21m
at 4.1 g/t Au
Figure 1: Compilation map of the Alasala target, featuring highlights from the recent mapping
and sampling program along with highlighted historical results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/227984_fa3c6f38c4e82bc7_001full.jpg
Mandingo Hill
ALDD007 was drilled to the west-northwest at Mandingo Hill (Figure 1), as a follow-up to intersections of
19.6m at 6.15 g/t Au
(1)
and 9m at 4.6 g/t Au (both intersections in the oxide zone) from previous drilling
campaigns. ALDD007 intersected
4.05m at 13.92 g/t (including 1.6m at 34.5 g/t Au)
approximately
75m below surface. The zone was intersected approximately 56m downdip of the previous intersection
and is open at depth.
The zone dips steeply to the west (Figure 2) and is located close to the intersection of a northwest
trending structure interpreted in a satellite data study and the northeast trend of an artisanal mining pit.
Figure 2: Cross section looking north-northeast, showing significant intersections and the
interpreted mineralized zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/227984_fa3c6f38c4e82bc7_002full.jpg
Highlights of other holes drilled at Mandingo Hill include
1.55m at 2 g/t Au (including 0.75m at 3.7 g/t
Au), 14.79m at 0.3 g/t Au
and
0.75m at 1.16 g/t Au
. It is thought that these zones, which are composed
of amphibolite and melanocratic gneiss, and other low grade intersections at Mandingo Hill, are part of
the overall north-northeast trending mineralized zone. Zodiac Gold considers high grade gold
mineralization to be controlled by cross-cutting structures and potentially other features such as folding,
and further geological mapping and a structural study are being prioritized with the aim of targeting
additional high grade gold mineralization.
Lion Hill
A mineralized structure uncovered by artisanal miners in the Lion Hill pit, dipping between 60 and 80
degrees to the southwest and in the transition zone between oxidized and fresh rock, was sampled by
the Company's geological team. Sample results are as follows:
6.05m at 9.06 g/t Au
across the true thickness of the structure, including
1m at 46 g/t Au
and
1m
at 7.6 g/t Au
(Figures 1 and 3).
An additional channel sample (
1m at 15.35 g/t Au
), not representative of the true thickness, was
taken adjacent to the zone described above.
Two rock chip samples, also taken adjacent to the structure described above, returned results of
68.6 and 0.08 g/t Au
.
ALDD008 was drilled to the east-northeast, targeting the continuation of the northwest trending structure
(Figure 3) at depth. Highlighted results are as follows:
7m at 2.23 g/t Au, including 1m at 12.65 g/t Au
, intersected approximately 37m below surface in
sheared amphibolite with pyrite, chalcopyrite and arsenopyrite.
4.25m at 0.99 g/t Au, including 0.7m at 5.25 g/t Au
, intersected approximately 30m below
surface in melanocratic gneiss with pyrite, chalcopyrite and arsenopyrite.
Holes ALDD004 and ALDD005 did not intersect the cross-cutting structure targeted in hole ALDD008.
Figure 3: Northwest trending structure in the Lion Hill artisanal pit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/227984_fa3c6f38c4e82bc7_003full.jpg
Drilling, Sampling and QA/QC Procedures
The drilling program at Alasala is being completed by a Fordia Eider 2000 diamond drill rig with HQ and
NQ core diameter. Core recoveries for holes ALDD001 and ALDD002 were approaching 100% overall,
falling to 94% in the oxide zone (which has an average drilled thickness of approximately 18m). The drill
hole collar details shown in Table 1 have been located by handheld GPS only and will be surveyed by
differential GPS at a later date.
Six channel samples were taken across the true thickness of the structure identified. An additional
channel sample, not considered to be representative of the true thickness, and two rock chip samples
were taken adjacent to the structure. Channel samples were taken to geological boundaries where
appropriate. Sampling was completed by Zodiac Gold's exploration team, supervised by senior
company personnel.
Drill core and channel samples were transported a short distance from the drill site to the company's
exploration camp at Alasala. After geological logging, the core was cut along the long axis using a
diamond saw, with half being sampled and half retained. Where the core was too soft for cutting (in the
oxide zone), the core was split using a spatula. Core sampling was completed by Zodiac Gold's
exploration team, supervised by senior company personnel. All samples met the standards for chain of
custody without the opportunity for third party access from Zodiac Gold's exploration camp to the sample
preparation laboratory in Monrovia, Liberia. Liberia Geochemical Services Inc. conducted the sample
preparation. Each sample was dried and then crushed to 70% passing -2mm and a representative 1kg
split was taken by riffle splitting. The split was then pulverized to 85% passing -75 micron and
approximately 200g was bagged and labelled, with the remainder being returned to Zodiac Gold.
Analysis was performed by 50g fire assay with an atomic absorption finish (method Au-AA26) at the
ALS Geochemistry laboratory in Kumasi, Ghana. All samples returning a grade over 10 g/t Au were
reanalyzed by 50g fire assay with a gravimetric finish (method Au-GRA22). Final data from samples
above 10 g/t Au is awaited, specifically for 83.90 to 84.75m in ALDD007 (56.20 g/t Au) and channel
samples from the Lion Hill artisanal mining pit (46 g/t Au, 15.35 g/t Au and 68.6 g/t Au). The assay of
12.65 g/t Au in ALDD008 has been reanalyzed by method Au-GRA22 and compares well with the
original assay of 12.70 g/t Au.
In addition to the laboratory's quality control program, a rigorous quality assurance and quality control
program was implemented by the Company, including the insertion of blanks, standards and duplicates
to ensure reliable assay results. Quality assurance and quality control data are monitored by the
Company.
Drill hole collar data is shown in Table 1 and significant intersections are shown in Table 2.
Table 1: Collar Data for ALDD001 to ALDD008
Hole ID
Easting (UTM
WGS84, 29N)
Northing (UTM
WGS84, 29N)
Elevation (m)
Azimuth
Dip
Depth (m)
ALDD001
307380
729170
35
100
-50
130.40
ALDD002
307345
729240
46
100
-50
154.75
ALDD003
307428
729485
36.00
110
-50
150.15
ALDD004
307800
730161
39.00
90
-50
120.15
ALDD005
307822
730108
34.00
90
-50
112.85
ALDD006
307673
729885
49.00
100
-50
150.85
ALDD007
307492
728934
35.00
280
-60
162.30
ALDD008
307892
730144
37.00
75
-50
167.35
Table 2: Significant Intersections at the Alasala Target
Hole ID
From (m)
To (m)
Interval (m)
Average Au (g/t)
ALDD001
39.62
48.00
8.38
0.29
ALDD001
54.45
56.00
1.55
2.00
Including
54.45
55.20
0.75
3.70
ALDD001
59.00
61.00
2.00
0.27
ALDD001
66.00
67.00
1.00
0.20
ALDD001
89.00
90.00
1.00
0.28
ALDD002
50.00
51.00
1.00
0.31
ALDD002
98.00
99.00
1.00
0.26
ALDD002
109.00
112.00
3.00
0.34
ALDD003
50.88
52.38
1.50
0.32
ALDD003
72.21
87.00
14.79
0.30
ALDD003
96.00
100.00
4.00
0.32
ALDD004
45.50
49.00
3.50
0.46
ALDD004
68.25
69.00
0.75
1.16
ALDD004
79.00
81.00
2.00
0.37
ALDD004
96.00
97.00
1.00
0.23
ALDD005
70.80
72.00
1.20
0.28
ALDD006
0.00
1.50
1.50
0.36
ALDD006
53.00
55.00
2.00
0.37
ALDD006
77.00
84.00
7.00
0.47
ALDD006
102.00
103.10
1.10
0.27
ALDD007
0.00
1.00
1.00
0.26
ALDD007
7.00
13.00
6.00
0.37
Including
9.00
10.00
1.00
1.20
ALDD007
20.00
21.00
1.00
0.35
ALDD007
27.00
29.00
2.00
1.37
Including
27.00
28.10
1.10
2.21
ALDD007
80.70
84.75
4.05
13.92
Including
83.15
84.75
1.60
34.50
Including
83.15
83.90
0.75
9.91
Including
83.90
84.75
0.85
56.20
ALDD007
90.00
91.00
1.00
0.77
ALDD007
97.00
98.00
1.00
0.25
ALDD007
101.00
104.00
3.00
0.27
ALDD008
30.80
35.05
4.25
0.99
Including
30.80
31.50
0.70
5.25
ALDD008
39.00
40.00
1.00
0.31
ALDD008
44.00
51.00
7.00
2.23
Including
47.00
48.00
1.00
12.65
Note that significant intersections have been determined as intervals above 0.2 g/t Au with a minimum
length of 1m (some samples down to 0.7m in length are shown where appropriate) and a maximum of
2m of consecutive samples below 0.2 g/t Au. Intervals are drilled rather than true thicknesses as there is
not currently enough information to estimate true thicknesses.
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 deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac Gold is
developing a district-scale gold opportunity covering a vast 2,316 km2 land package. The Todi project
has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-
ready targets and high-grade gold intercepts
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.
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