Northwire Canada EditionWednesday, July 15, 2026
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CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results Routine +

Zodiac Gold Continues to Intersect Broad Gold Mineralized Zone in Trenching, Commences Drilling on Ben Ben North Area and Identifies Regional Trend

Zodiac Gold Expands District-Scale Narrative at Todi Project with Ben Ben North Target Confirmation

By The Northwire Desk — AI Analysis May 26, 2026 · 08:01 ZAU · 0.35 Zodiac Gold Inc.
Executive Summary
  • Exploration Update: Zodiac Gold reports continued success in trenching and drilling across its Todi Gold Project in Liberia, specifically focusing on the Ben Ben target.
  • New Target Identified: A new high-priority drill target (Ben Ben North) has been delineated with a 700m strike length and widths up to 56m based on trench results.
  • Trenching Results: Trench BBT004 returned 56m at 0.40 g/t Au, including high-grade intervals (1m @ 1.21 g/t Au). Other trenches (BBT009, BBT010, BBT012) show consistent mineralization.
  • Drilling Progress: Ongoing diamond drilling in Ben Ben South continues to intersect gold in both oxide and fresh rock zones (e.g., Hole BDD005: 14.85m at 1.55 g/t Au including 0.8m @ 13.15 g/t Au).
  • 2026 Strategy: The company is executing a 3,600m trenching and 14,000m drilling program across the 16km Monterra Trend, with drone surveys to refine targeting.
  • Future Milestone: A mineral resource estimation is scheduled for late Q4 2026, incorporating results from Arthington and Ben Ben.
Material Impact
  • Incremental Validation: The news confirms the geological model established in May 13th (first drill at Ben Ben) but does not fundamentally alter the investment thesis beyond expanding the known mineralized envelope.
  • Priced In Expectations: The market has already reacted to the initial drilling success and financing, with the stock rallying from ~$0.20 in January to a high of $0.43 in April. This update is consistent with the aggressive 2026 exploration plan announced earlier.
  • No Immediate Catalyst for Price Surge: While positive, the lack of a resource estimate (still Q4 2026) means this news serves as maintenance rather than a re-rating event. The identification of Ben Ben North adds scale but requires drilling to prove depth and continuity before it becomes material value.
  • Risk of Dilution: The company recently raised $6.1M via warrants exercisable at $0.30 (current price ~$0.35). This creates a potential overhang as holders may exercise or sell, capping upside momentum until the resource estimate is defined.
ZAU · Price
Company Overview
  • Company: Zodiac Gold Inc. (TSX.V: ZAU).
  • Flagship Project: Todi Gold Project, Liberia.
  • Land Package: 2,316 km² along the Todi Shear Zone.
  • Key Targets: Arthington (proven high-grade), Ben Ben (expanding discovery), Youth Camp/Feh Feh (exploration targets).
  • Status: Exploration/Development stage. No current mineral resource; historic iron ore inferred resource noted for adjacent areas but gold focus is primary.
  • Management: CEO David Kol, Director of Exploration Tom Dowrick (Chartered Geologist/QP). Management owns ~26% of the company.
Read the original news release →

More from Zodiac Gold Inc.

Jul 14, 2026 · 07:01

Zodiac’s Arthington drilling validates district-scale potential along the 16km Monterra Trend.

Drill Results Jun 25, 2026 · 07:01

Zodiac secures $5.6m to expand its 3,000m drilling program at Arthington on Liberia’s Monterra trend.

Drill Results Jun 24, 2026 · 18:31

Zodiac Gold Announces Update to Closing of Non-Brokered Private Placement

Financings Jun 23, 2026 · 08:01

Zodiac Gold secured c$5.6m to fund an aggressive drilling campaign at its Todi project as part of a district-scale exploration push.

Financings Jun 17, 2026 · 08:01

Zodiac Gold upsized its C$5.6 million financing to fund drilling at the Todi project as shares consolidate near key resistance levels.

Financings Jun 09, 2026 · 07:01

Zodiac upsizes financing to fund the Todi drilling campaign, targeting high-grade intersections across the deposit.

Financings