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Africa is a global hotbed for gold discoveries and production.
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Multi-million-ounce gold deposits dot the landscape from Ghana to Burkina Faso to Mali and more, attracting billions in investment over the years.
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But here’s the thing: Perhaps the most secure regime in the region and one of the most prospective remains virtually unknown to investors.
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It’s Liberia…and the fact that it remains undiscovered spells opportunity for fast-acting investors.
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That’s why newly listed Zodiac Gold’s (ZAU.V) district-scale Todi project in the country is a jewel hiding in plain sight.
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While the world-class gold deposits in West Africa are controlled by major mining companies, a few juniors have made very significant discoveries in recent years, including Montage Gold (4.9 million ounces gold in Mali) and Newcore Gold (1.7 million ounces in Ghana).
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Zodiac today is an attractive exploration-stage comparative to these companies which have successfully uncovered millions of ounces of gold.
Zodiac’s massive, first-mover land position in Liberia has allowed it to identifiy multiple discoveries via everything from sampling to drilling.
Despite continuing to deliver stellar drill results, Zodiac is currently woefully undervalued and has an ongoing drill campaign that could continue to deliver high-grade gold results across a massive land package.
In short, Zodiac is an example of the inefficient nature of the junior mining market.
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By finding early-stage opportunities that the rest of the market has yet to uncover, you can get in on big discoveries at a cheap, ground-floor level entry point.
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Zodiac is working in the same geology as many world-class discoveries, and this is the chance to get in early.
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Liberia:
A Great Place To Look For A Gold Mine
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Liberia as a country tends to fly under the market’s radar, but it’s a great place to do business and has some extremely prospective areas for gold exploration.
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Liberia has a well-functioning democracy, with four successful elections since 2003. English and the U.S. dollar are widely used in the country.
There’s a well-established mining code based on Australian legislation, a transparent system of mineral and surface titles and an expedited permitting process.
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Liberia is home to outposts by major companies, including Firestone, Exxon and ArcelorMittal. In fact, industry legend Robert Friedland recently announced his intention to invest between $3 billion and $5 billion in the country.
Liberia is one of the least explored regions of West Africa, with strong potential of hosting multiple million-ounce+ deposits.
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Todi:
A Massive, District-Scale Project
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At 2,316 square kilometers, Zodiac Gold’s land position in Liberia is truly district-scale, with the company using its early-mover advantage to cover entire trends. Its flagship Todi project alone covers 418 square kilometers.
The project is within trucking distance of operating mines, including Avesoro’s New Liberty Gold Mine, which produced 360,000 ounces of gold in 2023.
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All needed infrastructure is in place, including roads, a seaport and an airport. A hydro power dam is eight kilometers away.
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Zodiac has an impressive team, board and advisory board that includes:
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- Renaud Adams (CEO of IAMGOLD, former CEO for New Gold and Richmont Mines)
- Doug Cater (Former VP Exploration Kirkland Lake Gold, Ex Barrick, Ex Kinross)
- Graham Warren (CFO Goliath Resources) and…
- Seasoned capital markets executive Mike Demeter (Partner at Fort Capital and former Managing Director of Institutional Sales at Haywood, and Associate Director of Institutional Equities at Macquarie Group)
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In addition, the operational team and its CEO actually operate the company from Liberia and not from offices in North America. That’s a rarity in the industry, plus management/insiders own 27% of the outstanding shares.
Zodiac has defined over 20 exploration targets within the Todi project, including five drill ready targets: Arthington, Alasala, Ben Ben, Youth Camp-Feh Feh and Alasala South.
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The company has plied Todi, which is littered with artisanal mines, with successful rounds of geochemical sampling, rock chip sampling, trenching and drilling.
As you’re about to see, the results have been quite impressive.
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High-Grade Gold At Arthington
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High-grade gold has been encountered in drilling on both the Arthington and Alasala targets.
The company’s 5,465-meter Phase I and Phase II drill programs in 2021, 2022 and 2024 resulted in some eye-popping assays at shallow depths. The company has hit mineralization in 50 of 57 holes drilled to date.
Highlights from this program included…
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- Hole 7: 7.5 g/t gold over 9.65 meters from 87.4 meters
- Hole 4: 10.6 g/t gold over 6.0 meters from 55.0 meters
- Hole 1: 4.67 g/t gold over 5.65 meters from 10.25 meters
- Hole 34: 2.10 g/t gold over 25.9 meters from 93.3 meters
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Those are from the Arthington target. Highlights from the Alasala target came from Mandingo Hill, which returned 19.6 meters of 6.17 g/t gold, 6.0 metres of 7.69 g/t gold and 9.0 meters of 4.46 g/t gold.
These are all outstanding results — and if they had come from a project elsewhere in West Africa, they might well have already sparked a run on Zodiac Gold.
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Time To Explore Zodiac
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As it stands, you have an excellent opportunity to look at building a position in Zodiac Gold, before the rest of the market finds its way to this story.
Follow-up drilling on Arthington has outlined a 2,400-meter trend of mineralization on the target, and pre-drilling work at Alasala has returned some intriguing sampling work.
A June Phase III program at Todi will focus on Alasala. Given the high-grade results this target has already returned, the planned 1,000-2,000-meter program could generate some market-moving assays.
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Again, the play here is on gold discovery in a country that the rest of the market has been overlooking...the potential to get in before the mining giants catch wind of a new discovery.
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Take advantage of the current market inefficiency around this aggressive gold explorer and begin doing your research on Zodiac Gold today.
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