Zodiac Gold Continues to Report Positive Phase II D rill Results , highlighting 14.67 m at 1. 33 g/t Au including 3.00 m at 4.38 g/t Au and 11 .00m at 1 . 28 g/t Au
Zodiac Gold Continues to Report Positive Phase II D rill Results , highlighting 14.67 m at 1. 33 g/t Au including
3.00 m at 4.38 g/t Au and 11 .00m at 1 . 28 g/t Au
Toronto, ON , April 9, 2024 - Zodiac Gold Inc. (“ Zodiac Gold ” or the “ Company ”) (TSX.V: ZAU ) i s pleased to
report additional positive results from its ongoing Phase II Drill Program consisting of assay results from three
recently completed diamond drill holes at the Company’s Arthington Target .
The Arthington Target is posiƟoned within an 18.5 km long district - scale mineralizaƟon trend and is one of the
five high - priority, mulƟ - kilometer drill - ready targets situated within the Company's 2,316 km 2 Todi gold project
(the “ Todi Project ”) l ocated in the Republic of Liberia, West Africa. In 2022, the Company completed a 3,465m
Phase I Drill Program targeƟng an 800m strike at Arthington which intersected mulƟple intervals of gold
mineralizaƟon in 20 of 22 holes including the highest - grade interval drilled to date: AD D 007 , which intersected
7.5 g/t over 9.65m from 87.35m.
Phase II Drill Program Initial Results
T he Company is currently conducƟng a 2, 000m Phase II Drill Program at Arthington targeƟng the Garang Base ,
Red Hill , Deep Mine and Ambulai zones . On February 28, 2024, t he Company reported positive results from
the first three completed Phase II drill holes (ADD023, ADD024 and ADD025), i ncluding 9.14m at 4.20 g/t Au
and 10.20m at 1.23 g/t Au, i ncluding 2.81m at 2.95 g/t Au . Today, the Company is pleased to report assay
results from three addiƟonal drill holes (ADD 0 2 6 , ADD 0 2 7 , and ADD 0 2 8 ) which successfully intercepted
multiple intervals of shear zone - hosted gold mineralization confirming the down dip extension . ADD 0 27
confirms the down dip extension of the mineraliz ation observed in ADD 0 24 ( 25 . 90m at 2 . 10 g/t Au ) down to
a vertical depth of 150m and ADD28 confirms the down dip extension of the mineralization observed in
ADD 00 3 (10 m at 1.01 g/t Au) down to a vertical depth of 180m emphasizing strong potential for both down
dip extension of mineralization and along the 1 , 000m strike including Garang Base and Red Hill zones, part
of 4+km Arthington Target .
These three drill holes (see below) revealed shear - hosted gold mineralization with intercepts cutting through
multiple shallowly (~35 0 - 45 0 ) dipping mineralized zones associated with shears across a 300m wide corridor
of the 4+ km Arthington Shear Zone. This extensive gold bearing zone spans at least 1, 000m along strike and
reaches vertical depths of 180m as well as 275m along the down dip , illustrating a substantial orogenic gold
footprint along the prominent Todi Shear Zone.
Notable mineralized shear structures include intervals in hole ADD 027 ( 14.67 m at 1.33 g/t Au including
3.00 m at 4.38 g/t Au ) and in hole ADD028 ( 11.00 m at 1.28 g/t Au ) , indicating strong mineralization potential.
The current drilling program aims to extend the strike length along the Arthington Shear Zone to at least
2 , 400 meters, encompassing both the Deep Mine and Ambulai Field zones, which are currently being drilled.
The continuity of mineralization is highlighted by distinct intervals in hole ADD 0 2 6 , ADD027, and ADD 0 2 8 which
underscore the significant potential of the Arthington Target and the Todi Project overall .
Figure - 1: M ap showing significant i ntercepts at Red Hill and Garang Base zones of the Arthington Target
Figure - 2 Cross section with interpretive geology showing the significant gold intercepts
Management Commentary
David Kol, President & CEO of Zodiac Gold, expressed enthusiasm about the recent P hase II findings,
emphasizing their validation of the Todi Project's substantial potential. “The mineralization that we've found
in all six of the Phase II drill holes that we've announced to date is very exciting. We are committed to
continue to advance our exploration efforts further along strike to increase resource potential in the
Arthington target. We are excited to see the future results over the coming weeks. "
Highlights from the initial Phase II drill program include:
Table 1 : Significant I ntercepts at the Arthington Target
Hole ID From (m) To (m) Interval (m) Average Au (g/t)
ADD026 1.10 2.82 1.72 0.39
ADD026 38.80 43.21 4.41 0.64
ADD026 46.36 47.60 1.24 1.05
ADD026 51.15 52.00 0.85 1.91
ADD026 90.00 91.00 1.00 0.94
ADD027 70.44 89.00 18.56 0.23
ADD027 122.80 124.10 1.30 1.26
ADD027 136.33 151.00 14.67 1. 33
ADD027 164.00 166.00 2.00 0. 6 4
ADD027 170.00 174.00 4.00 0. 70
ADD028 116.00 118.00 2.00 0.46
ADD028 125.00 128.00 3.00 0. 3 5
ADD028 19 5 .00 206.00 11 .00 1. 28
Significant intersections have been determined as intervals above 0.2 g/t Au and a maximum of 2m of consecutive samples
below 0.2 g/t Au. Intervals are drilled rather than true thicknesses.
Table 2 : Collar I nformaƟon for the R eported H oles
Hole ID
Easting
(UTM WGS
84 29N)
Northing
(UTM WGS
84 29N)
Elevation(m) Azimuth Dip(degrees) Depth(m)
ADD026 323798 722473 53 20 - 52 127.21
ADD027 323757 722346 47 20 - 52 236.60
ADD028 323267 722483 59 15 - 60 227.75
QA/ QC Protocols and Sampling Procedures
The drilling progra m at Arthington was conducted by a Fordia Eider 2000 diamond drill rig with HQ and NQ
diameter core. Core recoveries were excellent throughout the progra m approaching 100%.
Drill core was transported from the drill site to the Company’s exploration camp facility. After geological
logging, the core was cut along the long axis by a diamond saw, with half being sampled and half retained.
Core sampling was undertaken by Zodiac Gold’s Liberian exploration team, supervised by senior staff
members of the Company. All co re samples met the standards for adequate chain of custody without the
opportunity for third party access from the field to the preparation laboratory in Yamoussoukr o , Ivory Coast ,
and then onward to the ALS analytical laboratory in Burkina Faso . Sample preparation was performed by
ALS in Yamoussoukro . The entire core sample was dried and then crushed to 70% passing 2 millimeters and
a representative split was taken by riffle splitting. The 1, 000 g split was then pulverized up to 85% passing 75
micron and the required pulp mass of ~ 200 g was bagged and labelled for analysis; with the remainder being
stored. Analysis was performed by ALS at their laboratory in Burkina by fire assay with atomic absorption
finish with a 50g charge.
In addition to the laboratory's quality control program, a rigorous quality assurance and quality control
program was implemented by the Company involving the insertion of blanks, standards and duplicates to
ensure reliable assay results. Laboratory standards and QA - QC are monitored by the Company.
About Zodiac Gold
Zodiac Gold, Inc. (TSX.V:ZAU) is a West - African gold exploration company focused on its flagship Todi Project
situated in Liberia — a n underexplored , politically stable, mining - friendly jurisdiction hosting several large -
scale gold deposits . S trategically positioned along the fertile Todi Shear Zone, Zodiac Gold is developing a
district - scale gold opportunity covering a vast 2,316 km 2 land package. The project has undergone de - risking,
showcasing proven gold occurrences at both surface and depth, with five drill - ready targets and high - grade
gold intercepts.
Qualified Person
Efdal Olcer, Vice President of Exploration at Zodiac Gold, is a member of the Society of Economic Geologists,
Geological Society of London, Australian Institute of Geoscientists, the Society of Geology Applied to Mineral
Deposits, and the Turkish Association of Economics Geologists and a Qualified Person as defined by NI 43 -
101. He has reviewed and approved the technical and scientific information provided in this release.
For further information, please visit the Zodiac - Gold website at www.zodiac - gold.com or contact:
David Kol
President & CEO
info@zodiac - gold.com
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 L ooking I nformation
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, includi ng, 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 suc h 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 coul d 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, a nd 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 re ceiving 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 material ly 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.