Firm Overview:
Zodiac Gold is on the forefront of gold exploration in West Africa, showcasing important exploration potential at its 100% owned Todi Undertaking, positioned within the Republic of Liberia. The Todi Undertaking encompasses a 2,316 km2 land bundle that features geology and constructions identified to host gold mineralization, located in a beforehand underexplored area of West Africa. Administration lives and operates on the bottom in Liberia with 24 years of West African expertise. The Firm has sturdy authorities and political knowhow and there’s a important U.S. Authorities presence in Liberia.
Key Highlights:
- District-Scale Discovery 2,316 km land bundle alongside the fertile Todi Shear Zone together with the 418 km Todi flagship property and one reconnaissance license overlaying an extra 1,898 km.
- Proximity to Current Mines Strategically positioned 20 km SE of Avesoro Sources’ New Liberty gold mine (1.74 M oz useful resource) and 30 km from the Ndablama gold mine (0.9 M oz useful resource).1
- Early Exploration Success and Ongoing Initiatives Part 1 Scout Drill Applications at Arthington and Alasala targets have intersected a number of extensive zones of high-grade mineralization in 40 of 47 holes drilled up to now, highlighting the potential for the invention of recent gold deposits. A Part 2 Drilling Program is underway at Arthington with outcomes anticipated in Q1 2024. A extra complete drilling marketing campaign (as much as 10,000m) is anticipated to comply with in 2024 topic to the Firm securing further financing.
- Infrastructure Benefit Nicely-established native and regional infrastructure with year-round street entry, drilling and exploration camp amenities, and shut proximity to airports and seaports.
- Skilled Management A gifted, discovery-driven, and capital market savvy administration group led by President CEO David Kol (14 years of West African expertise), supported by extremely completed Board members and strategic advisors together with Renaud Adams (CEO of IAMGOLD), Doug Cater, Graham Warren, and Mike Demeter.
The Todi Undertaking:
The Todi Undertaking is the cornerstone of Zodiac Gold’s exploration endeavors within the prolific Todi Shear Zone of Central Liberia. Positioned throughout the West African Craton, one of many world’s nice gold provinces and the biggest Paleoproterozoic gold-producing area internet hosting quite a few world-class gold deposits with an estimated gold endowment of over 450 Moz2, Zodiac Gold believes that the Todi Undertaking presents a compelling funding proposition.
The Todi Undertaking comprises quite a few prospects, targets and anomalies distributed all through the land bundle. These embody conceptual geology targets primarily based on identified settings of present greenstone belts, cross slicing shear zones, coherent gold in soil anomalies, stream sediment geochemistry and geophysical discontinuities and anomalies. Moreover, present artisanal mining websites are assumed to be positioned on structural developments that proceed onto and thru the land bundle forming extremely potential targets for the invention of great gold deposits.
- Potential Geology and District-Scale Potential: The Todi Property is strategically positioned alongside the huge Todi Shear Zone extending over 300 km, a gold-rich regional construction identified to host many gold occurrences with a whole bunch of in depth arduous rock artisanal mining websites. The mission comprises an 18.5 km lengthy mineralization development recognized by constant gold in soil anomalies containing intensive arduous rock artisanal gold mining websites, and 5 major multi-km drilling targets with seen gold. Equally, throughout the reconnaissance license, stream geochemistry outlined not less than a 40-km lengthy gold hall for additional exploration and goal technology. Zodiac Gold believes that the mission holds important geological promise for gold exploration and discovery. It’s positioned 20 km southeast of Avesoro’s New Liberty Gold Mine and 30 km from the Ndablama gold mine.
- 5 Excessive-Precedence Exploration Targets: Sampling, mapping, trenching and scout drilling applications had been accomplished alongside the regional development of the mineralization and recognized not less than 5 multi-km targets for mineralization over 18.5 km of strike size within the mission space, together with Alasala-Mandingo Hill, Alasala South, Arthington, Benben, FehFeh and Youth Camp.
- Profitable Historic and Part 1 Drill Program: Zodiac’s Part 1 Scout Drilling Program, accomplished in July 2022, together with earlier drilling carried out on the mission, revealed important gold mineralization in 20 of twenty-two drill holes with key intercepts together with: 6.15 g/t Au over 19.6m, 4.6 g/t Au over 9.0m, and seven.69 g/t Au over 6.0m at Alasala (2015); and seven.5 g/t Au over 9.6m, 10.6 g/t Au over 6.0m, and 4.7 g/t Au over 5.65m at Arthington (2022).
For additional particulars relating to the Todi Undertaking, confer with the technical report ready by ACA Howe titled “Technical Report on the Todi Gold Undertaking in Liberia” and dated November 14, 2023, a duplicate of which is obtainable underneath Zodiac Gold’s SEDAR profile at www.sedarplus.com.
Exploration Plans:
Part 2 Drill Program: A 500 m drilling marketing campaign was accomplished in 2023 as a part of the continued Part 2 Drill Program, primarily specializing in the Arthington goal. The marketing campaign aimed to check and lengthen the mineralization alongside a 2,400 m strike of the +4km mineralized development recognized by the soil anomalies, trenching and high-grade channel chip samples on the bedrock the place the shear zones uncovered seen gold. The present drill program will function a foundation for the subsequent stage of in depth drilling program deliberate at Arthington with the objected of delineating a maiden useful resource on the property.
Zodiac Gold additionally intends to increase its drilling on different targets on the Todi Undertaking. The Alasala goal, with a +2 km strike size of mineralization outlined by constant trenching outcomes and inspiring scout drilling outcomes, is anticipated to be a precedence.
As a part of Zodiac Gold’s regional exploration and goal technology technique, soil sampling shall be deliberate to follow-up the outcomes of stream geochemistry defining a 40-km gold hall with precedence exploration targets alongside the greenstone belts to verify the extension of mineralization into the reconnaissance license and determine further exploration targets. All drilling and exploration work past the preliminary work program recognized within the technical report is topic to the Firm securing further financing to fund such actions.
Senior Administration & Advisory Workforce:
Zodiac Gold has assembled a senior administration and advisory group that brings a wealth of expertise, drive, and confirmed monitor information of success. With the CEO and VP, Exploration on-the-ground full-time in Liberia, the Firm’s administration is properly positioned to execute the Firm’s exploration technique.
David Kol – President, CEO, & Director: David is a extremely skilled worldwide enterprise and startup govt with over 20 years of expertise in finance, advertising, enterprise growth, M&A, and govt administration, primarily within the useful resource sector, media/leisure, actual property and know-how industries. Previous to Zodiac, David held senior administration roles in Gem Rocks Mining Sources, International Media Group Holdings, The Gamers Community, International Media Ventures and Interactive Enterprises. David at the moment serves on the Board of Administrators of BluEarth Carbon Improvement. David attended the College of California, Davis, the place he studied managerial economics, and has an A.A. (Felony Justice) from Diablo Valley Faculty.
Efdal Olcer – VP, Exploration: Efdal Olcer is a extremely completed and certified Exploration Geologist with 18 years of expertise. Efdal has distinctive technical abilities and expertise gained in varied mineral classes and various geological environments, together with Greenstone, Archean, Proterozoic and Tethyan in Africa, the Center East, and Turkey. He possesses a demonstrable monitor document in mineral exploration, particularly gold exploration in various deposit varieties together with; epithermal, porphyry, orogenic, and inside completely different terrains. He has additionally gained intensive greenfield and brownfield exploration and mission growth expertise with the bulk leading to discoveries and a number of other changing into worthwhile gold mines. Earlier than becoming a member of Zodiac, Efdal served as Chief Geologist for Summa Gold and Exploration Supervisor of MNG Gold, a subsidiary of Avesoro Holdings. Efdal additionally held senior geological positions for KEFI Minerals, Asia Minor Mining Inc., and Stratex Exploration PLC. Efdal holds a B.Sc. Diploma in Geological Engineering from Center East Technical College. He’s a member of the Society of Financial Geologists, Geological Society of London, Australian Institute of Geoscientists, Society of Geology Utilized to Mineral Deposits, and Turkish Affiliation of Economics Geologists.
Peter Granata – CFO: Peter Granata has greater than 18 years of expertise in finance and operations administration inside international organizations. He’s a dynamic, results-oriented skilled with govt positions in TSXV corporations and, prior to those, served as an Audit Supervisor for PricewaterhouseCoopers. Peter has ready monetary statements, MD&A, information releases, mine allowing functions and mission money flows. With PricewaterhouseCoopers he carried out audits for Canadian IFRS, US GAAP reconciliations, Particular Function Monetary Statements and has executed Group reporting underneath Canadian GAAP. His expertise consists of CFO for TSXV entities, capital elevating, worldwide company constructions, shopper engagement, C-suite & administrators engagement, M&A, financing, investor relations, associated occasion transactions, and finance transformation. Peter has a B. Bus and is a Chartered Accountant.
Douglas Cater, P.Geo FGC – Unbiased Director: Doug Cater is an expert geologist who has labored extensively throughout Canada and internationally for greater than 35 years, with a selected give attention to the Abitibi gold belt positioned in NE Ontario. He has held positions with each senior and intermediate gold producers, together with Barrick Gold Corp., Placer Dome Inc. and Kinross Gold Corp. His African exploration expertise was obtained whereas serving as an Exploration Guide for Barrick Gold Corp. in Tanzania, the place he was accountable for the mission administration of an exploration diamond drill program within the Lake Victoria greenstone belt. His most up-to-date govt place was as Vice President, Exploration (Canada) with Kirkland Lake Gold Ltd. Mr. Cater can also be a director of Sierra Metals Inc., Mayfair Gold Corp., Exploits Discovery Corp. and Gowest Gold Ltd. He’s a graduate of the ICD-Rotman Administrators Schooling Program.
Graham Warren, CPA, CMA – Director: Graham Warren is a senior monetary govt with over 30 years of expertise with rising and established corporations primarily within the mining and oil and gasoline sectors. His experience spans financings, M&A transactions, and guiding corporations by way of the going public course of. Mr. Warren serves as CFO and Director for Goliath Sources, Pangolin Diamonds Corp., and Platinex Inc. Mr. Warren has his B-Comm and is a Chartered Skilled Accountant.
Mark Kol – Unbiased Director: Mark Kol, a Zodiac Gold co-founder, boasts over 30 years in investor relations, enterprise capital, finance, and funding banking. With a ardour for capital elevating, Mark has excelled throughout various industries, together with actual property, exploration/mining, know-how, biotech, and media/leisure. At present an Govt Vice President at CBRE, Mark’s profession consists of impactful roles in San Francisco’s funding banking scene, specializing in capital elevating and making ready corporations for Preliminary Public Choices.
Renaud Adams – Advisory Board: Mr. Adams is a embellished mining govt and at the moment serves because the CEO of IAMGOLD Inc. (TSX:IMG) – a $1.6B market cap senior gold producer. Mr. Adams brings intensive expertise, having led the strategic repositioning of New Gold Inc. and served in key roles at Richmont Mines and Primero Mining Company. His impactful profession additionally consists of managing IAMGOLD’s Rosebel mine in Suriname and serving as Senior Vice President, Americas Operations.
Michael Demeter – Advisory Board: Michael Demeter, with over 25 years of fairness capital markets and mining funding banking expertise, serves as a strategic advisor. He’s at the moment a accomplice at Fort Capital and held earlier roles embody Managing Director, Head of Institutional Gross sales at Haywood Securities Inc. and Affiliate Director, Institutional Equities at Macquarie Group.
About Zodiac Gold
Zodiac Gold stands on the forefront of gold exploration in West Africa, boasting a district-scale discovery within the Todi Undertaking. Guided by a dedication to accountable exploration and led by an skilled management group, Zodiac Gold is poised to play a pivotal function within the flourishing gold sector of West Africa. The corporate’s flagship Todi Undertaking, overlaying an expansive 2,316 km2 land bundle, is strategically positioned in a beforehand underexplored area with shut proximity to the famend New Liberty Gold Mine. With a strong exploration technique, wonderful entry to infrastructure, and a give attention to sustainable practices, Zodiac Gold is well-positioned for fulfillment in unlocking the total potential of its intensive gold exploration property.
Certified Particular person
Efdal Olcer, Vice President of Exploration at Zodiac Gold, is a member of the Society of Financial Geologists, Geological Society of London, Australian Institute of Geoscientists, the Society of Geology Utilized to Mineral Deposits, and the Turkish Affiliation of Economics Geologists and a Certified Particular person as outlined by NI 43-101. He has reviewed and accepted the technical and scientific data supplied on this launch.
On Behalf of Zodiac Gold Inc.
“David Kol”
President & CEO
For additional data, please go to the Zodiac-Gold web site at www.zodiac-gold.com or contact:
David Kol
President & CEO
data@zodiac-gold.com
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Ahead trying data: This information launch consists of sure “forward-looking data” throughout the which means of Canadian securities laws and “forward-looking statements” throughout the which means of america Non-public Securities Litigation Reform Act of 1995 (collectively “ahead trying statements”).
Ahead-looking statements embody predictions, projections, and forecasts and are sometimes, however not all the time, recognized by way of phrases resembling “search”, “anticipate”, “imagine”, “plan”, “estimate”, “forecast”, “count on”, “potential”, “mission”, “goal”, “schedule”, “finances” and “intend” and statements that an occasion or outcome “might”, “will”, “ought to”, “might” or “may” happen or be achieved and different related expressions and consists of the negatives thereof. All statements aside from statements of historic truth included on this launch, together with, with out limitation, statements relating to the Firm’s deliberate exploration applications and drill applications and potential significance of outcomes are forward-looking statements that contain varied dangers and uncertainties. There may be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are primarily based on plenty of materials components and assumptions. Vital components that would trigger precise outcomes to vary materially from Firm’s expectations embody precise exploration outcomes, adjustments in mission parameters as plans proceed to be refined, outcomes of future useful resource estimates, future steel costs, availability of capital, and financing on acceptable phrases, normal financial, market or enterprise situations, uninsured dangers, regulatory adjustments, defects in title, availability of personnel, supplies, and tools on a well timed foundation, accidents or tools breakdowns, delays in receiving authorities approvals, unanticipated environmental impacts on operations and prices to treatment identical, and different exploration or different dangers detailed herein and once in a while within the filings made by the Firm with securities regulators. Though the Firm has tried to determine vital components that would trigger precise actions, occasions, or outcomes to vary from these described in forward-looking statements, there could also be different components that trigger such actions, occasions, or outcomes to vary materially from these anticipated. There may be no assurance that forward-looking statements will show to be correct, and accordingly readers are cautioned to not place undue reliance on forward-looking statements.
