Zodiac Gold Hits Additional Gold Mineralization and Ex tends Strike Length at Arthington to 2.4 KM
Zodiac Gold Hits Additional Gold Mineralization and Ex tends Strike Length at Arthington to 2.4 KM
Toronto, ON , April 30 , 2024 - Zodiac Gold Inc. (“ Zodiac Gold ” or the “ Company ”) (TSX.V: ZAU ) i s pleased to
report additional results from its recently completed Phase II Drill Prog ram at the Arthington t arget . The
Phase II d rill ing results confirm the expansion of the mineralized strike length at Arthington to 2.4 km ,
marking a substantial increase to the previous 1 km strike length, with intercepts of multiple mineralized
zones including high grades up to 8.98 g/t Au over 1 .05 m . The Phase II D rill Program tested an extension of
the Red Hill Zone to the Ambulai Field , extending the confirmed mineralized strike length and showcasing
the potential for a significant mineral resource .
The Arthington t arget 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. Between its Phase I and Phase II Drill
Programs, t he Company has completed a total of 5 , 5 65 .76 m eters of drilling targeƟng a 2.4 km strike length out
of a 4.5 km mineralizaƟon trend at Arthington . The drilling intersected mulƟple intervals of gold mineralizaƟon
in 2 9 of 31 holes .
Drilling highlights from Arthington to date include 9.65m at 7.5g/t Au, 6.0m at 10.6 g/t Au, 25.90m at
2.10g/t Au including 9.14 m at 4.20 g/t Au, 5.65m at 4.67 g/t Au, 17m at 1.10 g/t Au, 15.38m at 1.06
g/t Au and 10.20 m at 1.23 g/t Au, 14.67m at 1.33 g/t Au including 3.00 m at 4.38 g/t Au and 11.00 m
at 1.28 g/t Au. The Company has intersected gold mineralization in all of the Phase II drill holes reported to
date , with results for one drill hole still pending . Notable mineralized shear zones were observed in all of the
Phase II drill prog r am , show ing continuity of mineralization and underscor ing the significant potential of the
Arthington t arget and the Todi Project overall .
Figure - 1: Map showing significant intercepts along the mineralized zones of the Arthington Target
Management Commentary
David Kol, President & CEO of Zodiac Gold, expressed excitement about the recent completion of the P hase
II findings, emphasizing their validation of the Todi Project's substantial potential. “ We are very pleased with
the accomplishments of our VP of Exploration, Efdal Olcer and his dedicated team ,” Mr. Kol said. “ The results
of our recently concluded Phase II Drill P rogram validate the continuity and downdip extension of gold
mineralization at the Arthington t arget, exhibiting significant grades of gold within shear zones. Notably, drill
holes ADD023, ADD024, ADD025, ADD026, ADD027, ADD030 and ADD031, penetrated multiple mineralized
zones in previously unexplored areas, affirm ing the anticipated continuation of gold mineralization. This
expansion spans a remarkable distance of 2.4 km, highlighting the potential for significant potential resources
at the Todi Project. Zodiac Gold is currently designing a Phase III drilling initiative scheduled for the second
quarter of 2024, alongside the launch of a geophysical survey program aimed at enhancing exploration and
uncovering new mineralized zones. ”
Table 1 : Significant I ntercepts from Phase II Drill Program at the Arthington Target
Hole ID From (m) To(m) Interval(m) Average Au (g/t)
ADD023 34 . 00 46 . 00 12 . 00 0 . 59
ADD023 48 . 72 57 . 00 8 . 28 0 . 75
ADD023 115 . 38 118 . 05 2 . 67 3 . 24
ADD024 93 . 30 119 . 20 25 . 90 2 . 10
including 95 . 00 104 . 14 9 . 14 4 . 20
ADD024 76 . 00 86 . 20 10 . 20 1 . 23
including 81 . 00 83 . 81 2 . 81 2 . 95
ADD024 68 . 25 70 . 95 2 . 70 1 . 00
ADD024 133 . 00 135 . 00 2 . 00 1 . 41
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 . 64
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 . 35
ADD028 195 . 00 206 . 00 11 . 00 1 . 28
ADD029 74 . 00 78 . 00 4 . 00 1 . 10
ADD029 205 . 90 209 . 00 3 . 10 1 . 60
ADD030 31 . 00 34 . 85 3 . 85 1 . 08
ADD031 55 . 00 62 . 00 7 . 00 0 . 33
ADD03 1 132.95 134 . 00 1 . 05 8 . 98
Table 2 : Collar I nformaƟon for the Phase II Drillh oles
Hole ID
Easting
(UTM WGS 84
29N)
Northing
(UTM WGS 84 29N) Elevation(m) Azimuth Dip(degrees) Depth(m)
ADD023 323879 722401 57 0 - 53 194 . 80
ADD024 323777 722423 29 25 - 52 161 . 35
ADD025 323674 722438 45 20 - 52 186 . 95
ADD026 323798 722473 53 20 - 52 127 . 21
ADD027 323757 722346 47 20 - 52 236 . 60
ADD028 323267 722483 59 15 - 60 227 . 75
ADD029 323425 722472 52 350 - 52 232 . 69
ADD030 322866 722468 42 25 - 52 250 . 15
ADD031 321866 722691 50 45 - 50 234 . 75
ADD032 322554 722608 55 45 - 52 240 . 20
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 Yamoussoukro , Ivory Coast ,
and then onward to the ALS analytical laboratory in Burkina Faso . Sample p reparation 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 -
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.
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”, “s chedule”, “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 fac t 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 assum ptions. 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, ev ents, 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.