Zodiac Gold (TSXV:ZAU) Reports Positive Results from Ongoing Phase II Drill Program at Arthington Target

Figure-1: Map showing significant intercepts at Red Hill and Garang Base zones of the Arthington Target. Source: Zodiac Gold

Zodiac Gold (TSXV:ZAU) has announced additional positive results from its ongoing Phase II Drill Program at the Arthington Target, located within their Todi gold project in Liberia, West Africa.

The Arthington Target is situated on an 18.5 km long mineralized trend and is one among five high-priority targets within the company’s expansive Todi project. In 2022, a Phase I program identified gold mineralization in 20 out of 22 drill holes.

David Kol, President & CEO of Zodiac Gold, commented in a press release: “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.

The Phase II program, currently underway, targets 2,000 meters of drilling focused on specific zones within Arthington. Earlier in 2024, the company reported positive results from the first three drill holes.

This latest update details findings from three additional holes (ADD026, ADD027, and ADD028). All three intercepted multiple zones of gold mineralization hosted within shear zones, confirming the extension of mineralization down-dip.

These drill holes revealed shear-hosted gold with intercepts cutting through several shallowly dipping mineralized zones. The mineralized zone spans over 1,000 meters along strike and reaches depths of 180 meters vertically, indicating a sizable gold footprint.

Particularly notable were mineralized structures identified in holes ADD027 (14.67 meters at 1.33 g/t Au) and ADD028 (11.00 meters at 1.28 g/t Au), suggesting strong potential for further mineralization.

The ongoing drilling program aims to extend the strike length of the Arthington Shear Zone to at least 2,400 meters, encompassing additional zones currently being drilled. The distinct mineralized intervals in all three recent holes reinforce the significant potential of the Arthington Target and the Todi Project as a whole.

Highlights from the results are as follows:

Table 1: Significant Intercepts 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 0.64
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
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 Information for the Reported Holes

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

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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