Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Zodiac Gold Expands District-Scale Gold System at Ben Ben with Trench Result of 56m at 0.40 g/t Au and Multiple Mineralized Trends

Ben Ben Trenching Validates District-Scale Thesis as Price Consolidates Near All-Time Highs

By The Northwire Desk — AI Analysis Apr 20, 2026 · 08:01 ZAU · 0.38 Zodiac Gold Inc.
Executive Summary
  • Date: 2026-04-20
  • Headline: Zodiac Gold Expands District-Scale Gold System at Ben Ben with Trench Result of 56m at 0.40 g/t Au and Multiple Mineralized Trends.
  • Key Discovery: Confirmed gold mineralization across northern and southern trends at the Ben Ben target within the Todi Gold Project, Liberia.
  • Intercepts: Northern trend (BBT004) returned 56m @ 0.40 g/t Au including high-grade shoots (1m @ 1.21 g/t Au). Southern trend (BBT002) returned 30m @ 1.24 g/t Au including 1m @ 25.1 g/t Au.
  • Program Status: 1,195.80m of trenching completed to date across 2025 and 2026 programs. Up to 14,000m drilling program planned/ongoing.
  • Future Milestone: Mineral resource estimate expected in Q4 2026 following completion of the drilling program.
  • Geological Context: Ben Ben is part of a 16km gold-in-soil corridor extending from Arthington to Youth Camp, interpreted as weathered amphibolite and melanocratic gneiss.
Material Impact
  • Validation of District Model: The results confirm the "district-scale" narrative previously based on soil anomalies and the Arthington discovery. Ben Ben is now a second major target zone with trenching validation, reducing reliance on a single-point discovery (Arthington).
  • Incremental vs. Material: While positive, this news falls under Routine - Positive for a risk-averse analyst because:
    • The exploration program was announced in January/February 2026 ($6.1M financing and drill mobilization), making these results expected within the strategic timeline.
    • Trenching represents surface sampling; drilling has not yet intersected Ben Ben to confirm depth continuity, which is a higher confidence metric for valuation.
    • The stock price has already rallied significantly from the $0.20 offering price in January 2026 to ~$0.38-$0.43 range, suggesting much of this optimism is priced in.
  • No Fundamental Shift: There is no change in capital structure, M&A status, or resource definition (still pre-resource). The news supports the existing thesis rather than creating a new one.
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 (Drilled), Ben Ben (Trenched/Drilling planned), Youth Camp/Feh Feh (Soil anomalies).
  • Status: Exploration / Development. No mineral resource estimate declared yet.
  • Management: David Kol (CEO), Tom Dowrick (Director of Exploration, QP).
  • Strategy: District-scale exploration leveraging high-grade intercepts and proximity to existing mines (New Liberty Gold Mine 20km SE).
Read the original news release →

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