Zodiac Gold Commences Inaugural Drilling at Ben Ben Target
Zodiac Pivots from Failed Buyout to Aggressive 14,000-Meter Drill Program at Ben Ben
The most recent news release (February 12, 2026) announces the commencement of a 14,000-meter diamond drilling program at the Ben Ben target, part of the Todi Gold Project in Liberia. This follows a period of mobilization and trenching conducted earlier in the month. The program is designed to test the southeastern extension of a 16 km mineralized corridor. Initial focus is on the Ben Ben target with 5,000 meters allocated. This operational activity is funded by a recently closed $6.1 million CAD financing.
- The news is Routine - Positive. While the scale of the program (14,000 meters) is substantial for a junior explorer, the commencement of drilling is the expected outcome following the $6.1 million capital raise in January 2026.
- There is no fundamental change in the company’s valuation until assay results are released. However, it confirms management is executing on the strategy announced after the termination of the Avesoro Resources exclusivity period in early January.
- The shift from a potential asset sale/royalty deal back to aggressive exploration increases the risk profile, as the company is now "burning" its fresh capital on high-risk discovery rather than securing a guaranteed cash/royalty exit.
Zodiac Gold is a West African gold explorer focused on the Todi Gold Project in Liberia. The project is located 20km from the New Liberty Gold Mine. The flagship Todi project covers a 16km gold-in-soil anomaly along the Todi Shear Zone. The company has identified five priority targets: Arthington (where 37/39 holes hit mineralization), Ben Ben, Feh Feh, Alasala, and Youth Camp. The project also contains historical iron ore potential which the company has attempted to monetize via a non-binding term sheet with Vitol.