Northwire Canada EditionThursday, July 23, 2026
Northwire
VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Production / Operations Routine +

Zodiac Gold Launches 10,000-Sample Soil Program at Bomi South and Bong West, Targeting 45 km Structural Corridor Along the Todi Shear Zone

Zodiac Gold pivots from failed M&A to aggressive 10,000-sample soil program as it hunts for district-scale continuity in Liberia.

Executive Summary

The most recent news (February 26, 2026) announces the launch of a massive 10,000-sample systematic soil geochemistry program at the Bomi South and Bong West licenses. This program targets a 45-kilometer structural corridor along the Todi Shear Zone. This follows a flurry of activity in early 2026, including the commencement of a 14,000-meter diamond drilling program and a 3,600-meter trenching program at the Ben Ben target. The company is currently utilizing two drill rigs to test the southeastern extension of the Arthington discovery.

Material Impact

The news is Routine - Positive. While the scale of the soil program (10,000 samples) is significant for a junior explorer, it represents the execution phase of the "aggressive exploration strategy" promised after the company closed its $6.1 million LIFE financing in late January 2026. - Strategic Pivot: This follows the January 7, 2026, announcement that M&A talks with Avesoro Resources terminated. The company has successfully pivoted from a potential asset sale/royalty play back to a high-velocity exploration model. - Validation: The ability to upsize a financing from $4.0M to $6.1M in a difficult junior market suggests strong investor appetite for the Todi Project's "district-scale" potential. - Operational Scale: Moving from a single-target focus (Arthington) to a 45km corridor search indicates management is looking for a multi-million ounce "camp" rather than a single deposit.

ZAU · Price
Company Overview

Zodiac Gold is focused on the Todi Gold Project in Liberia, covering over 2,300 sq. km. The project sits on the Todi Shear Zone. - Arthington Discovery: The most advanced target where 37 of 39 holes hit mineralization, including highlights like 18m at 4.67 g/t Au. - Ben Ben Target: A 1.3km extension of Arthington with historical trench results of 30m at 1.24 g/t Au. - Iron Ore Potential: Bomi South and Bong West licenses have historical iron ore production context, currently under a non-binding term sheet with Vitol.

Read the original news release →

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