Zodiac Gold Mobilizes Drill Rig to Advance Resource Growth at Arthington Within the 16km Monterra Trend
Zodiac secures $5.6m to expand its 3,000m drilling program at Arthington on Liberia’s Monterra trend.
Zodiac Gold Inc. (ZAU) has mobilized a diamond drill rig to its flagship Arthington discovery in Liberia to execute a 3,000m drilling program. The initiative aims to expand the deposit at depth and along strike, building on prior drilling that returned significant gold intersections in 37 of 39 holes. High-grade intervals from previous drilling include up to 55.9 g/t Au.
The company is concurrently advancing other targets on the 16km Monterra Trend, including awaiting assay results from Ben Ben and launching inaugural drilling at Youth Camp in early July. Management emphasizes a systematic, multi-target approach to unlock the district-scale potential of the Todi Shear Zone license package.
Zodiac Gold Inc. (ZAU) has begun mobilizing its drill rig to the Arthington site, a standard operational step following the February 2026 announcement of a 14,000-meter exploration program for the year. This development confirms the company is adhering to its stated exploration timeline, though it does not introduce new geological data, resource estimates, or financial terms that would materially alter the investment thesis.
The company’s recent closure of a $5.6 million non-brokered private placement on June 24, 2026, provides the necessary treasury to fund this phase, mitigating near-term dilution concerns. Given the market's prior awareness of the drilling campaign and the routine nature of rig mobilization, the impact is viewed as positive but expected.
Zodiac Gold Inc. (ZAU) is a West African exploration company focused on the Todi Gold Project in Liberia. The project encompasses a 2,316 km² land package along the Todi Shear Zone, including the flagship 418 km² Todi area and two additional exploration licenses. The core geological model centers on the 16km Monterra Trend, stretching from Arthington (NW) through Ben Ben and Feh Feh to Youth Camp (SE).
Arthington has been defined by 6,836m of drilling across 39 holes, with a high success rate and significant high-grade intercepts. Ben Ben represents a newly drilled target with consistent gold intersections, while Youth Camp and Feh Feh remain underexplored but structurally prospective. The company is targeting a +1 Moz mineral resource estimate by Q4 2026.