CA Market News
2週前
Zodiac Gold Mobilizes Drill Rig to Advance Resource Growth at Arthington Within the 16km Monterra TrendJune 25, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that a diamond drill rig has been mobilized to its flagship Arthington discovery, marking the next phase of the Company's district-scale 2026 exploration strategy along the highly prospective 16km Monterra Trend at the Todi Gold Project in Liberia. The program is designed to grow Arthington both at depth and along strike, as well as tightening the drill density to increase confidence in the geological model and support planned mineral resource estimation. The 3,000m drilling program will build on a discovery that has already returned significant gold intersections in 37 of 39 holes drilled to date (Map 1), with high-grade intervals of up to 55.9 g/t Au. The 6,836m of drilling completed by Zodiac Gold at Arthington has already demonstrated strong continuity of mineralized zones and drill testing along strike will push into the +3km area west of the Arthington discovery, where only limited drilling has been completed to date (Map 2). Drilling will also test the down-dip continuity of interpreted zones which have demonstrated strong grade and thickness nearer to surface. Together, depth extension and strike extension represent the two clearest paths to materially growing the scale of the Arthington discovery.Map 1: Arthington discovery results with interpreted mineralized zones at the Arthington target (2025 Phase 3 drilling highlighted) To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/302832_680294a794a929b8_001full.jpgMap 2: Location of Arthington within the 16km Monterra TrendTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/302832_680294a794a929b8_002full.jpgKey Highlights of the Exploration Program:Proven Track Record at Arthington: Prior systematic exploration by Zodiac Gold at Arthington includes 6,836 metres of diamond drilling and 2,369 metres of trenching. This rigorous work has demonstrated strong continuity of mineralized zones, with significant intersections in 37 of 39 drill holes to date - an exceptional hit rate for an early-stage, greenfield discovery. Drilling has predominantly tested an 850-metre portion of the overall 4km soil anomaly at Arthington, leaving the majority of the system open along strike.Wide Zones with High-Grade Intervals: Past drilling at Arthington has returned compelling near-surface mineralization, including wide intervals with high-grade gold:18.00 metres at 4.67 g/t Au (including 1.00 metre at 55.90 g/t Au)9.65 metres at 7.50 g/t Au (including 3.00 metres at 20.36 g/t Au)6.00 metres at 10.60 g/t Au (including 3.00 metres at 20.45 g/t Au)25.90 metres at 2.10 g/t Au (including 9.14 metres at 4.20 g/t Au)Significant Along-Strike Expansion Potential: Limited drilling and trenching completed to the west of the Arthington discovery has already demonstrated significant potential within the remaining +3km of gold-in-soil anomalism - ground the upcoming program is designed to test. 1.1km to the west of the Arthington discovery, ADD031 returned 1.05m at 8.98 g/t Au and 7m at 0.33 g/t Au. The sampling of 13 trenches to the west of the Arthington discovery returned grades up to 32.8 g/t Au. These early results suggest that the mineralized system could extend well beyond the area drilled to date, underscoring the potential to materially expand the footprint of the deposit along strike.Unlocking the 16km Monterra Trend: Arthington anchors the newly defined Monterra Trend, a district-scale, 16-kilometre gold-in-soil corridor with significant hard rock and alluvial artisanal workings, stretching from the Arthington discovery in the northwest, through the Ben Ben and Feh Feh targets, to the Youth Camp target in the southeast - providing Zodiac Gold with multiple target areas along a 16km anomalous trend.Advancing Multiple Targets Simultaneously: While the Company awaits the latest batch of assay results from the 3,542 metres of diamond drilling across 20 holes completed to date at the Ben Ben target, the inaugural drilling at the Youth Camp target will be launched in early July. Initial drilling at Ben Ben intersected near-surface, shallow dipping mineralized zones with high-grade gold intervals - demonstrating that the Monterra Trend's potential extends well beyond Arthington - with standout intersections including:14.85 metres at 1.55 g/t Au from 51.4m (BDD005), including 0.80 metres at 13.15 g/t Au from 60.1m, and 1.05 metres at 4.09 g/t Au from 55.45m2.04 metres at 5.69 g/t Au from 43.96m (BDD002), including 0.79 metres at 13.95 g/t Au from 45.21m7.37 metres at 1.95 g/t Au from 23.4m (BDD006), including 0.63 metres at 11.20 g/t Au from 24.37m17.65 metres at 0.81 g/t Au from 33m (BDD009), including 1.00 metre at 3.39 g/t Au from 33m"Mobilizing a drill rig to Arthington is a key milestone in the execution of our 2026 exploration strategy along the 16-kilometre Monterra Trend," stated David Kol, President & CEO of Zodiac Gold. "This program is designed to grow Arthington in two directions at once - testing the at-depth continuity of the high-grade zones we have already defined, while pushing along strike into more than three kilometres of almost untested gold-in-soil anomalism to the west. With significant intersections in 37 of 39 holes drilled to date, Arthington has proven itself as a robust, continuous system; this program is about proving its actual extent. By driving systematic exploration simultaneously across multiple high-priority targets, we are unlocking the true potential of this district-scale system, all while continuing to evaluate and build upon the near-surface success achieved in our recent drilling at Ben Ben. This aggressive, multi-target approach ensures we are efficiently revealing the value of our extensive license package on the Todi Shear Zone."The Arthington target includes a 4km long gold-in-soil anomaly and is part of the 16km Monterra Trend on the Todi Shear Zone. The Arthington discovery, where Zodiac Gold has drilled 6,836 metres, has a strike length of 850m along a northwest trend, encompassing two hard rock artisanal mining areas, and remains open both along strike and at depth. Drilling results have demonstrated strong continuity of gold mineralization which is hosted in a sheared amphibolite-gniess package. 340m to the west of the Arthington discovery, channel sampling in an artisanal mining pit returned results of 17m at 0.7 g/t Au, including 4m at 1.99 g/t Au and 1m at 1.47 g/t Au. Trench AT-13, 1.1km to the west of the Arthington discovery, returned multiple intersections including 1m at 32.8 g/t Au. Follow-up drilling included 1.05m at 8.98 g/t Au and 7m at 0.33 g/t Au.Qualified PersonTom 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 contained in this release.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled delivering high-grade gold intercepts.For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:David Kol
President & CEO
info@zodiac-gold.comForward-Looking InformationThis 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.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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302832 Original: Zodiac Gold Mobilizes Drill Rig to Advance Resource Growth at Arthington Within the 16km Monterra Trend
CA Market News
2週前
Zodiac Gold Announces Update to Closing of Non-Brokered Private PlacementJune 24, 2026 6:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 24, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, announces that it has closed its previously announced non-brokered private placement (the "Offering") on June 24, 2026, rather than June 23, 2026, as previously announced. The Offering remains subject to final approval of the TSX Venture Exchange (the "TSXV"). The Offering closed with the issuance of 16,000,000 units (each, a "Unit") at a price of C$0.35 per Unit, for gross proceeds of C$5,600,000. Each Unit consists of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share (a "Warrant Share") for a period of 24 months from the date of issuance (subject to acceleration) (the "Expiry Date"), at an exercise price of C$0.54 per share.The Warrants include an acceleration feature: if, after four months following the issuance of the Warrants, the 30-day volume weighted average share price exceeds C$0.65, the Company shall provide notice accelerating the Expiry Date. Upon receipt of such notice, holders will have 30 days to exercise their Warrants, after which any unexercised Warrants will expire at 4:00 p.m. (Vancouver time) on the specified date.No additional securities were issued in connection with the closing on June 24, 2026. All securities issued pursuant to the Offering remain subject to a statutory hold period expiring four months and one day from the date of issuance.In connection with the Offering, the Company paid finder's fees of C$143,602.20 in cash and issued 398,860 compensation warrants (each, a "Compensation Warrant"). Each Compensation Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$0.35 for a period of 24 months from the date of issuance. The Compensation Warrants are non-transferable. The Compensation Warrants and the Common Shares issuable upon the exercise of the Compensation Warrants are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring four months and one day from the date of issuance of the Compensation Warrants. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Insider ParticipationAn insider participated in the closing of the Offering and subscribed for an aggregate of 55,399 Units for a total of C$19,389.65. Such participation is considered to be a "related party transaction" as defined under the policies of the TSXV and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value (as determined under MI 61-101) of the Units acquired by the insider and the consideration paid by such insider does not exceed 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the closing of the Offering in an expeditious manner.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and returned high-grade gold intercepts.For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:David Kol
President & CEO
info@zodiac-gold.comForward-Looking InformationThis 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 completion and timing of the Offering, the anticipated size and terms of the Offering, the participation of Insiders, the use of proceeds of the Offering, the receipt of all necessary regulatory approvals (including the approval of the TSXV), and 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 the failure to complete the Offering on the terms or timing announced or at all, 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.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.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/302801 Original: Zodiac Gold Announces Update to Closing of Non-Brokered Private Placement
CA Market News
3週前
Zodiac Gold Announces Closing of Upsized Non-Brokered Private Placement for Gross Proceeds of C$5.6 MillionJune 23, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that it closed its non-brokered private placement (announced on June 4, 2026, June 9, 2026, and June 17, 2026) of 16,000,000 units (each, a "Unit") at a price of C$0.35 per Unit, for gross proceeds of C$5,600,000 (the "Offering"). The Offering closed on an oversubscribed basis due to strong investor demand and remains subject to final approval of the TSX Venture Exchange (the "TSXV"). The net proceeds of the Offering will be used to expand the drill program at the Todi Gold Project, advance exploration across the Company's exploration licenses and for working capital purposes. All securities issued are subject to a hold period of four months and one day from the date of issuance. Zodiac Gold's CEO David Kol commented: "We are grateful for the continued confidence and support from our shareholders. With this successful upsized financing, Zodiac Gold now has approximately C$9 million in the treasury, providing us with substantial financial flexibility to accelerate exploration at Todi. This positions us to pursue an aggressive, fully funded program focused on expanding mineralization along strike, infilling key zones, and testing depth extensions across multiple targets. We believe Todi has the potential to host a significant gold system, and we are entering one of the most exciting phases in the Company's history."Details of the OfferingEach Unit consists of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share (a "Warrant Share") for a period of 24 months from the date of issuance (subject to acceleration) (the "Expiry Date"), at an exercise price of C$0.54 per share.The Warrants include an acceleration feature: if, after four months following the issuance of the Warrants, the 30-day volume weighted average share price exceeds C$0.65, the Company shall provide notice accelerating the Expiry Date. Upon receipt of such notice, holders will have 30 days to exercise their Warrants, after which any unexercised Warrants will expire at 4:00 p.m. (Vancouver time) on the specified date.In connection with the Offering, the Company entered into finder's fee agreements with Haywood Securities Inc. ("Haywood"), Canaccord Genuity Corp. ("Canaccord"), and Richardson Wealth Ltd. ("RWL"). Finder's fees consisted of cash fees calculated as a percentage of the gross proceeds raised from subscribers introduced by the applicable finder and where applicable, non-transferable compensation warrants (the "Compensation Warrants") calculated as a percentage of the Units issued to those subscribers. The Company paid finder's fees as follows: C$77,665 and 221,900 Compensation Warrants to Canaccord; C$61,936 and 176,960 Compensation Warrants to Haywood; and C$4,001.20 in cash only to RWL.Each Compensation Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$0.35 for a period of 24 months from the date of issuance. The Compensation Warrants and the Common Shares issuable upon the exercise of the Compensation Warrants are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring four months and one day from the date of issuance of the Compensation Warrants. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Insider ParticipationAn insider participated in the closing of the Offering and subscribed for an aggregate of 55,399 Units for a total of C$19,389.65. Such participation is considered to be a "related party transaction" as defined under the policies of the TSXV and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value (as determined under MI 61-101) of the Units acquired by the insider and the consideration paid by such insider does not exceed 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the closing of the Offering in an expeditious manner.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and returned high-grade gold intercepts.For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:David Kol
President & CEO
info@zodiac-gold.comForward-Looking InformationThis 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 completion and timing of the Offering, the anticipated size and terms of the Offering, the participation of Insiders, the use of proceeds of the Offering, the receipt of all necessary regulatory approvals (including the approval of the TSXV), and 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 the failure to complete the Offering on the terms or timing announced or at all, 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.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.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/302492 Original: Zodiac Gold Announces Closing of Upsized Non-Brokered Private Placement for Gross Proceeds of C$5.6 Million
CA Market News
3週前
Zodiac Gold Further Increases Non-Brokered Private Placement up to C$5.6 MillionJune 17, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 17, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that, due to continuing strong investor demand, it has further increased the size of its previously announced non-brokered private placement (the "Offering"). The Company now intends to raise aggregate gross proceeds of up to C$5,600,000, an increase from the original offering size of C$4,025,000 announced on June 4, 2026 and the previous increase to C$5,000,000 announced on June 9, 2026.The net proceeds of the Offering will be used to expand the drill program at the Todi Gold Project, advance exploration across the Company's exploration licenses and for working capital purposes. The Company anticipates closing the private placement on or about June 19, 2026, subject to final regulatory approvals and customary closing conditions.OfferingIn connection with the increased Offering, the Company now intends to issue up to 17,142,857 units of the Company (the "Units") at a price of C$0.35 per Unit (the "Issue Price"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share (a "Warrant Share") for a period of 24 months from the date of issuance (subject to acceleration) (the "Expiry Date"), at an exercise price of C$0.54 per share. The warrants include an acceleration feature: if, after four months following the issuance of the Warrants, the 30-day volume weighted average share price exceeds C$0.65, the Company shall provide notice accelerating the expiry date. Upon receipt of such notice, holders will have 30 days to exercise their Warrants, after which any unexercised warrants will expire at 4:00 p.m. (Vancouver time) on the specified date.The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Insider ParticipationIt is expected that certain directors and officers of the Company (the "Insiders") may participate in the Offering. The participation of Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating Insiders nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company's market capitalization.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and returned high-grade gold intercepts.For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:David Kol
President & CEO
info@zodiac-gold.comForward-Looking InformationThis 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 completion and timing of the Offering, the anticipated size and terms of the Offering, the participation of Insiders, the use of proceeds of the Offering, the receipt of all necessary regulatory approvals (including the approval of the TSXV), and 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 the failure to complete the Offering on the terms or timing announced or at all, 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.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.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/301805 Original: Zodiac Gold Further Increases Non-Brokered Private Placement up to C$5.6 Million
CA Market News
1月前
Zodiac Gold Increases Non-Brokered Private Placement up to C$5 MillionJune 9, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 9, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced non-brokered private placement (the "Offering"). The Company now intends to raise aggregate gross proceeds of up to C$5,000,000, an increase from the C$4,025,000 previously announced on June 4, 2026. The net proceeds of the Offering will be used to expand the drill program at the Todi Gold Project, advance exploration across the Company's exploration licenses and for working capital purposes. The Company anticipates closing the private placement by June 19, 2026, subject to final regulatory approvals and customary closing conditions.OfferingIn connection with the increased Offering, the Company now intends to issue up to 14,285,714 units of the Company (the "Units") at a price of C$0.35 per Unit (the "Issue Price"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one (1) Common Share (a "Warrant Share") for a period of 24 months from the date of issuance (subject to acceleration) (the "Expiry Date"), at an exercise price of C$0.54 per share. The warrants include an acceleration feature: if, after four months following the issuance of the Warrants, the 30-day volume weighted average share price exceeds C$0.65, the Company shall provide notice accelerating the expiry date. Upon receipt of such notice, holders will have 30 days to exercise their Warrants, after which any unexercised warrants will expire at 4:00 p.m. (Vancouver time) on the specified date.The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Insider ParticipationIt is expected that certain directors and officers of the Company (the "Insiders") may participate in the Offering. The participation of Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating Insiders nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company's market capitalization.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and returned high-grade gold intercepts.For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:David Kol
President & CEO
info@zodiac-gold.comForward-Looking InformationThis 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 completion and timing of the Offering, the anticipated size and terms of the Offering, the participation of Insiders, the use of proceeds of the Offering, the receipt of all necessary regulatory approvals (including the approval of the TSXV), and 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 the failure to complete the Offering on the terms or timing announced or at all, 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.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.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/300651 Original: Zodiac Gold Increases Non-Brokered Private Placement up to C$5 Million
CA Market News
1月前
Zodiac Gold Announces Non-Brokered Private Placement for up to C$4.025 MillionJune 4, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company") a West-African gold exploration company, is pleased to announce an offering of units of the Company (the "Units"), on a non-brokered private placement basis, for aggregate proceeds of up to C$4,025,000 (the "Offering"). The Offering is being led by insiders and existing shareholders of the Company. The net proceeds of the Offering will be used to expand its drill program at the Todi Gold project, advance exploration across its exploration licenses and for working capital purposes. Closing of the Offering is anticipated to be completed on or about 45 days or such other date or dates that the Company may determine and may occur in tranches. OfferingIn connection with the Offering, the Company intends to issue up to 11,500,000 Units at a price of C$0.35 per Unit (the "Issue Price"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one (1) Common Share (a "Warrant Share") for a period of 24 months from the date of issuance (subject to acceleration) (the "Expiry Date"), at an exercise price of C$0.54 per share. The Warrants will be subject to an accelerated expiry provision such that if, during a period of 30 consecutive trading days between the date that is four months following the issuance of the Warrant and the expiry of the Warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (the "TSXV") (or such other stock exchange where the majority of the trading volume occurs) exceeds C$0.65, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time. All securities issued pursuant to the Offering, including any Common Shares issuable upon exercise of the Warrants, will be subject to a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws. The Company may pay finder's fees or commissions to eligible parties in connection with the Offering, subject to the approval of the TSXV and applicable securities laws. The Offering remains subject to the approval of the TSXV.The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Insider ParticipationIt is expected that certain directors and officers of the Company (the "Insiders") may participate in the Offering. The participation of Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating Insiders nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company's market capitalization.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and returned high-grade gold intercepts.For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:David Kol
President & CEO
info@zodiac-gold.comForward-Looking InformationThis 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.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.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/300064 Original: Zodiac Gold Announces Non-Brokered Private Placement for up to C$4.025 Million
CA Market News
2月前
Zodiac Gold Intersects Near-Surface High-Grade Gold in First-Ever Drilling at Ben Ben, Confirming 1km Mineralized Trend Within a 16km District-Scale TrendMay 13, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) ("Zodiac Gold" or the "Company"), a West African gold exploration company, is pleased to report initial assay results from the first-ever diamond drilling program at its Ben Ben target, part of the Company's flagship Todi Gold Project in Liberia. Key Highlights:Early results at Ben Ben continue to illustrate the strong potential of the 16km corridor from the Arthington discovery, through Ben Ben, to Youth Camp (Map 1).Key drilling intercepts of:BDD005: 14.85m at 1.55 g/t Au from 51.4m, including 0.8m at 13.15 g/t Au, 0.93m at 5.82 g/t Au and 1.05m at 2.22 g/t AuBDD009: 17.65m at 0.81 g/t Au from 33m, including 1m at 5.67 g/t Au, 0.65m at 2.74 g/t Au, 1m at 1.33 g/t Au and 1m at 1.15 g/t AuBDD004: 11.45m at 0.96 g/t Au from 10m, including 0.55m at 3.2 g/t AuBDD006: 7.37m at 1.95 g/t Au from 23.4m, including 2.37m at 3.24 g/t Au and 2m at 2.81 g/t AuBDD002: 2.04m at 5.69 g/t Au from 43.96m, including 0.79m at 13.95 g/t AuTargeting zones through the amalgamation of trenching and surface geochemical sample results has delivered strong drilling hits (Map 2), and when combined with the on-going geophysical work, will provide key drill targets for the remainder of the 2026 program.The Company is planning to scale up to a third drill rig for Phase 2 of the 2026 program."This is exactly the outcome we were looking for from the first-ever drill program at Ben Ben," stated David Kol, President and CEO of Zodiac Gold. "To step into a completely untested target and immediately intersect consistent gold mineralization across an entire kilometre of strike, including near-surface mineralization with high-grade zones, is a powerful validation of our geological model. What is even more important is that we are seeing the same host rocks, structural controls and style of mineralization as at Arthington, now confirmed 1.3 kilometres along strike in a greenfield setting. This strongly supports our view that we are uncovering a much larger, connected gold system within the 16km gold-in-soil anomaly. Ben Ben is no longer just a priority target — it is now a potential discovery, and we believe we are only at the beginning of defining its true scale."Map 1: 16km Arthington to Youth Camp TrendTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/297260_6568c7f154e94979_001full.jpgMap 2: Drill hole and trench results at the Ben Ben targetTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/297260_6568c7f154e94979_002full.jpgThese results mark a major milestone for the Company, confirming the presence of near-surface, shallow-dipping gold mineralization with high-grade intervals in northwest trending zones possibly offset by folding or faulting, across a 1km strike length in an area that had never previously been drill tested. The successful start to this inaugural program validates Ben Ben as a target with significant potential to become Zodiac Gold's next discovery within the 16km Arthington to Youth Camp trend, which also hosts the Company's Arthington discovery (Map 1). The Arthington discovery has already demonstrated strong continuity, with gold intersected in 37 of 39 drill holes. The drilling completed to date further strengthens the Company's belief that the Todi Shear Zone has the characteristics to host a large, district-scale gold system.Zodiac Gold has drilled 2,551m in the first fourteen holes of its maiden drilling program at Ben Ben and has intersected gold mineralization in all nine holes for which assays have been received along the southern Ben Ben trend. Importantly, mineralization is encountered from as shallow as 10 metres downhole, highlighting compelling open-pit potential and reinforcing the economic significance of the system at an early stage of exploration. Assays for the remaining five holes completed are expected to be received over the next three weeks, including holes BDD010 through BDD014, with BDD015 and BDD016 currently being drilled. Once approximately 3,000-3,500m are completed, the Company will assess the results and locate the next key drill targets of the overall 14,000m program to be drilled in 2026.Ben Ben is located just 1.3 kilometres along strike to the southwest, from the Company's Arthington discovery and lies within a 16-kilometre gold-in-soil anomaly extending to the Youth Camp target. Prior to drilling, the target was defined by strong surface geochemistry, trenching results, and exceptionally high-grade channel samples in artisanal workings, yet had never been tested at depth. The successful confirmation of mineralization beneath these surface expressions is a critical de-risking milestone and demonstrates that the system is not only laterally extensive but also continues at depth.Geologically, the results are highly significant as they confirm that gold mineralization at Ben Ben is hosted within sheared amphibolite; a key host lithology at the Arthington discovery. Mineralization is associated with a sulphide assemblage of pyrite, arsenopyrite, pyrrhotite and chalcopyrite, and the northwest-trending Todi Shear Zone is interpreted to have a strong structural control on mineralization, along with folding and structural intersections that may localize higher-grade zones. The mineralized zones intersected to date are interpreted to dip at a shallow angle of approximately 30 degrees to the southwest (Map 3), a geometry that is favorable for an open pit development scenario. The replication of this geological setting and mineralization style at Ben Ben, in a previously untested greenfield location, provides strong evidence of continuity along the shear zone and significantly enhances the scale potential of the project. It is anticipated that the on-going drone-based magnetic and LiDAR survey, as well as further drilling, will assist in determining whether the trend of the interpreted mineralized zones is affected by folding or fault offsets (Map 2).Map 3: Cross section looking southeast, showing drill holes BDD004, BDD009 and BDD015To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7932/297260_6568c7f154e94979_003full.jpgThe confirmation of multiple mineralized trends, possibly interconnected by folding or fault offsets, over a 1-kilometre strike length at Ben Ben, combined with its direct geological linkage to the Arthington discovery and its position within a broader 16-kilometre anomalous corridor, supports the Company's interpretation that the Todi Gold Project includes a district-scale gold system with the potential to host multiple deposits. This emerging scale is further underscored by the fact that large portions of the corridor remain untested by drilling, particularly along the northern trend extending toward Youth Camp, where trenching has already returned encouraging results.The Company is continuing to advance an aggressive exploration program across the Ben Ben to Youth Camp trend, with two diamond drill rigs currently active in the drilling of a planned 14,000-metre drilling campaign designed to systematically expand the mineralized footprint. In parallel, a 3,600-metre trenching program is underway to refine drill targeting, and a drone-based magnetic and LiDAR survey covering the entire 16-kilometre corridor is expected to significantly enhance the understanding of structural and lithological controls on mineralization. Drilling and trenching results will be released at regular intervals during the program, along with updates from the Company's on-going 10,500 sample soil geochemistry program in the Bomi South and Bong West licenses. The Company is targeting a Mineral Resource Estimate in the fourth quarter of 2026, which will incorporate both the Arthington discovery and results of the current drilling on the Ben Ben to Youth Camp trend, and represents a key step in demonstrating the economic potential of the broader Todi Gold Project.Drill hole collar data is shown in Table 1 and significant intersections are shown in Table 2.Table 1: Ben Ben Target Drill Collar DataHole IDEasting
(WGS84)Northing
(WGS84)Elevation
(m)AzimuthDipDepth
(m)Assay
StatusBDD0013252147218824035-55176.10ReceivedBDD0023250577219683866-60297.55ReceivedBDD0033251797218343835-60277.70ReceivedBDD0043257297219975935-65155.25ReceivedBDD0053251307218723630-60186.35ReceivedBDD0063259047218857135-60158.85ReceivedBDD0073250817218833535-60103.45ReceivedBDD0083260337216885535-60183.10ReceivedBDD0093257017219555335-60172.85ReceivedBDD0103257947219175535-60141.65PendingBDD0113259687217645335-60136.00PendingBDD0123257677218735235-60183.40PendingBDD0133258727218296235-60170.6PendingBDD0143251067218313530-65208.15Pending Table 2: Ben Ben Target Drilling - Significant IntersectionsHole IDFrom (m)To (m)Interval (m)Average Au
(g/t)BDD001646510.23BDD001172.1175.130.36BDD00243.96462.045.69including43.9644.750.7913.95BDD00253.654.610.32BDD002130140100.21BDD00214414620.23BDD002150155.275.270.33BDD002159.8163.453.650.6BDD002172.031752.970.3BDD002179183.914.910.31BDD00317617710.62BDD00318118320.23BDD00318718810.23BDD00319119650.28BDD003218.4219.71.30.25BDD003221.92297.10.22BDD003230.9232.181.280.2BDD0041021.4511.450.96Including19.45200.553.2BDD004344060.34BDD004104.7105.81.10.56BDD004139.031411.970.5BDD004151154.123.120.27BDD00551.466.2514.851.55Including55.456.330.935.82Including58.359.10.813.15Including65.266.251.052.22BDD005150.516110.50.21BDD005170.4180.4100.32BDD00623.430.777.371.95Including24.426.422.81Including28.430.772.373.24BDD00757.02580.980.41BDD00760.168.548.440.69Including656613.78BDD00835.0437.72.660.24BDD00845.1146.691.583.17Including4646.690.696.56BDD008515210.24BDD00854.1557.73.550.21BDD00894.595.510.22BDD008112.251229.750.46BDD008158.6166.78.10.28BDD008175.061815.940.56Including17717811.74BDD0093350.6517.650.81Including394011.15Including414215.67Including474811.33Including5050.650.652.74BDD009555610.43BDD009150154.154.150.65Including151152.051.051.15BDD00916817130.26 Note that significant intersections have been determined as intervals above 0.2 g/t Au with a minimum length of 1m and a maximum of 2m of consecutive samples below 0.2 g/t Au. Intervals are drilled rather than true thicknesses. True thicknesses cannot be accurately estimated given the early stage of drilling. No top cut was applied to the assays.Drilling, Sampling and QA/QC ProceduresThe drilling program at Ben Ben is being completed by two JCD 600 diamond drill rigs with NTW core diameter. Core recoveries for holes logged to date are approaching 100% in fresh rock. Note that mineralization in BDD004 was intersected only 10m below surface, in the oxide zone. Core loss of 0.90m was recorded between 15.90 and 18.50m downhole, and it is not known whether this material was mineralized or unmineralized. The easting, northing and elevation data shown in Table 1 has been recorded using handheld GPS only and will be surveyed by differential GPS.Drill core was transported a short distance from the drill site to the Company's exploration camp at Ben Ben. After geological logging, the core was cut along the long axis using a diamond core 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 geological 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 Liberia Geochemical Services Inc. sample preparation laboratory in Monrovia, Liberia. 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. ALS Geochemistry is independent of Zodiac Gold and is accredited for method Au-AA26. Samples that returned a grade greater than 10 g/t Au were reassayed by method Au-GRA22 with the results being given preference over the original Au-AA26 assays in the database.QA/QC procedures included the addition of CRM, blank and duplicate samples to the sample sequence. The assays of these samples are checked regularly to ensure that results meet acceptable standards.Qualified PersonTom 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 contained in this release.About Zodiac GoldZodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) is a West-African gold exploration company focused on its flagship Todi Gold Project 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 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled 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
info@zodiac-gold.comForward-Looking InformationThis 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.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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297260 Original: Zodiac Gold Intersects Near-Surface High-Grade Gold in First-Ever Drilling at Ben Ben, Confirming 1km Mineralized Trend Within a 16km District-Scale Trend
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