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The Arthington Target is positioned within an 18.5 km long district-scale mineralization trend and is one of the five high-priority, multi-kilometer drill-ready targets situated within the2,316 km2Todi gold project (the “
Phase II Drill Program Initial Results
The Companyis currently conductinga 2,000mPhase II Drill Program at Arthington targeting
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Figure-1: Map showing significant intercepts at Red Hill and
These three initial drill holes (see below) revealed shear-hosted gold mineralization with intercepts cutting through multiple shallowly dipping mineralized zones associated with shears across a 300m wide corridor of the
Management Commentary
Highlights from the initial Phase II drill program include:
Table1:SignificantInterceptsattheArthington Target
Hole ID | From (m) | To (m) | Interval (m) | Average Au (g/t) |
ADD023 | 34.00 | 46.00 | 12.00 | 0.59 |
ADD023 | 48.72 | 57.00 | 8.28 | 0.75 |
ADD023 | 115.38 | 118.05 | 2.67 | 3.24 |
ADD024 | 93.30 | 119.20 | 25.90 | 2.10 |
including | 95.00 | 104.14 | 9.14 | 4.20 |
ADD024 | 76.00 | 86.20 | 10.20 | 1.23 |
including | 81.00 | 83.81 | 2.81 | 2.95 |
ADD024 | 68.25 | 70.95 | 2.70 | 1.00 |
ADD024 | 133.00 | 135.00 | 2.00 | 1.41 |
ADD025 | 71.23 | 73.42 | 2.19 | 1.35 |
ADD025 | 96.00 | 99.00 | 3.00 | 2.85 |
ADD025 | 103.00 | 114.60 | 11.60 | 0.85 |
ADD025 | 170.00 | 180.00 | 10.00 | 0.53 |
Significant intersections have been determined as intervals above 0.2 g/t Au with a minimum length of1mand a maximum of2mof consecutive samples below 0.2 g/t Au. Intervals are drilled rather than true thicknesses. |
Table2:CollarInformationfor theReported Holes
Hole ID | Easting (UTM WGS 84 29N) | Northing (UTM WGS 84 29N) | Elevation(m) | Azimuth | Dip(degrees) | Depth(m) |
ADD023 | 323879 | 722401 | 35 | 0 | -53 | 194.80 |
ADD024 | 323777 | 722423 | 45 | 25 | -52 | 161.35 |
ADD025 | 323674 | 722438 | 56 | 20 | -52 | 186.95 |
QA/QC Protocols and Sampling Procedures
The drilling program at Arthington was conducted byaFordia Eider 2000 diamonddrillrig with HQ and NQ diameter core. Core recoveries were excellent throughout the program approaching 100%.
Drill core was transported from the drill site to the Company’s exploration camp facility.After geological logging, the core was cut along the long axis by a diamond saw, with half being sampled and half retained. Core sampling was undertaken by Zodiac Gold’s Liberian exploration team, supervised by senior staff members of the Company. All core samples met the standards for adequate chain of custody withouttheopportunity for third party access from the field to the preparation laboratory in
In addition to the laboratory's quality control program, a rigorous quality assurance and quality control program was implemented by the Company involving the insertion of blanks, standards and duplicates to ensure reliable assay results. Laboratory standards and QA-QC are monitored by the Company.
About Zodiac Gold
Zodiac
Qualified Person
Efdal Olcer, Vice President of Exploration at Zodiac Gold, is a member of the
For further information, please visit the Zodiac-Gold website atwww.zodiac-gold.comor contact:
President & CEO
info@zodiac-gold.com
Neither
Forward Looking Information
This news release includes certain “forward-looking statements” within the meaning of Canadian securities legislation.
Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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