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Zodiac Gold Receives EPA Permit and Mobilizes Drill Rig to Alasala Target

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Zodiac Gold Inc. (TSXV: ZAU) has received its Environmental Protection Agency (EPA) permit for drilling at the Alasala target within its Todi Gold Project in Liberia. The company has mobilized a diamond drill rig and plans to start drilling in the coming days. This follows successful Phase I and II drilling at the Arthington Target.

The Alasala target, located 16 km west-northwest of Arthington, is considered highly prospective based on artisanal gold mining, historical exploration, and recent data. Previous work reported high-grade gold mineralization, including intercepts of 19.6 meters at 6.17 g/t Au, 6.0 meters at 7.69 g/t Au, and 9.0 meters at 4.46 g/t Au.

CEO David Kol expressed enthusiasm about the permit and the company's commitment to sustainable exploration practices in Liberia.

Zodiac Gold Inc. (TSXV: ZAU) ha ricevuto il suo permesso dalla Environmental Protection Agency (EPA) per effettuare perforazioni nel target Alasala all'interno del suo Progetto Oro Todi in Liberia. L'azienda ha messo in mobilità una perforatrice a diamante e prevede di iniziare le perforazioni nei prossimi giorni. Questo segue le riuscite perforazioni della Fase I e II nel target Arthington.

Il target Alasala, situato a 16 km a ovest-nordovest di Arthington, è considerato molto promettente sulla base dell'estrazione artigianale d'oro, dell'esplorazione storica e dei dati recenti. I lavori precedenti hanno riportato mineralizzazione d'oro ad alta legge, compresi intercettazioni di 19,6 metri a 6,17 g/t Au, 6,0 metri a 7,69 g/t Au e 9,0 metri a 4,46 g/t Au.

Il CEO David Kol ha espresso entusiasmo riguardo al permesso e all'impegno dell'azienda per pratiche di esplorazione sostenibile in Liberia.

Zodiac Gold Inc. (TSXV: ZAU) ha recibido su permiso de la Agencia de Protección Ambiental (EPA) para perforar en el objetivo Alasala dentro de su Proyecto de Oro Todi en Liberia. La compañía ha movido una perforadora de diamante y planea comenzar a perforar en los próximos días. Esto sigue a las exitosas perforaciones de Fase I y II en el objetivo Arthington.

El objetivo Alasala, ubicado a 16 km al oeste-noroeste de Arthington, se considera altamente prospectivo basado en la minería de oro artesanal, la exploración histórica y datos recientes. Trabajos previos informaron de mineralización de oro de alta ley, que incluyen intersecciones de 19.6 metros a 6.17 g/t Au, 6.0 metros a 7.69 g/t Au y 9.0 metros a 4.46 g/t Au.

El CEO David Kol expresó entusiasmo por el permiso y el compromiso de la empresa con prácticas de exploración sostenibles en Liberia.

Zodiac Gold Inc. (TSXV: ZAU)는 라이베리아에 있는 Todi Gold Project 내의 Alasala 목표에 대한 환경보호청(EPA) 허가를 받았습니다. 이 회사는 다이아몬드 드릴링 기계를 이동시켰으며, 오는 며칠 내에 드릴링을 시작할 계획입니다. 이는 Arthington 목표 지역에서의 성공적인 1단계 및 2단계 드릴링에 이어지는 것입니다.

Alasala 목표는 Arthington에서 북서쪽으로 16km 떨어진 곳에 위치하며, 자양화된 금 채굴, 역사적인 탐사 및 최근의 데이터를 바탕으로 매우 유망한 것으로 간주됩니다. 이전 작업에서는 고등급 금 광물화가 보고되었으며, 여기에는 19.6미터에서 6.17 g/t Au, 6.0미터에서 7.69 g/t Au, 9.0미터에서 4.46 g/t Au의 교차점이 포함됩니다.

CEO David Kol은 이 허가와 라이베리아에서의 지속 가능한 탐사 관행에 대한 회사의 약속에 대해 열정을 표명했습니다.

Zodiac Gold Inc. (TSXV: ZAU) a reçu son permis de l'Environmental Protection Agency (EPA) pour effectuer des forages sur le cible Alasala dans le cadre de son Projet d'Or Todi au Libéria. L'entreprise a mobilisé une foreuse à diamant et prévoit de commencer les forages dans les prochains jours. Cela fait suite aux forages réussis des phases I et II sur le ciblage d'Arthington.

La cible Alasala, située à 16 km à l'ouest-nord-ouest d'Arthington, est considérée comme très prometteuse en raison de l'exploitation artisanale de l'or, de l'exploration historique et des données récentes. Les travaux antérieurs ont rapporté une minéralisation aurifère de haute qualité, y compris des intersections de 19,6 mètres à 6,17 g/t Au, 6,0 mètres à 7,69 g/t Au et 9,0 mètres à 4,46 g/t Au.

Le PDG David Kol a exprimé son enthousiasme concernant le permis et l'engagement de l'entreprise envers des pratiques d'exploration durables au Libéria.

Zodiac Gold Inc. (TSXV: ZAU) hat ihre Genehmigung der Umweltschutzbehörde (EPA) für Bohrungen am Alasala-Ziel innerhalb ihres Todi-Goldprojekts in Liberia erhalten. Das Unternehmen hat eine Diamantbohrmaschine mobilisiert und plant, in den kommenden Tagen mit den Bohrungen zu beginnen. Dies folgt auf erfolgreiche Bohrungen der Phase I und II am Arthington-Ziel.

Das Alasala-Ziel, das 16 km west-nordwestlich von Arthington liegt, gilt aufgrund artisanalem Goldabbau, historischer Erkundung und aktueller Daten als vielversprechend. Frühere Arbeiten berichteten von hochgradiger Goldmineralisierung, einschließlich Überlagerungen von 19,6 Metern mit 6,17 g/t Au, 6,0 Metern mit 7,69 g/t Au und 9,0 Metern mit 4,46 g/t Au.

CEO David Kol äußerte seine Begeisterung über die Genehmigung und das Engagement des Unternehmens für nachhaltige Erkundungspraktiken in Liberia.

Positive
  • Received EPA permit for drilling program at Alasala target
  • Successfully mobilized diamond drill rig to Alasala
  • Previous high-grade gold mineralization reported at Alasala (e.g., 19.6m at 6.17 g/t Au)
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that it has received its Liberian Environmental Protection Agency (EPA) permit for its proposed drilling program at the Alasala target, part of the Company's Todi Gold Project. Following this significant milestone, the Company has successfully mobilized a diamond drill rig and is set to commence drilling activities at Alasala in the coming days.

"We are thrilled to have obtained the EPA permit and to have our drill rig ready to commence operations at Alasala," said David Kol, CEO of Zodiac Gold. "This achievement is a testament to our team's hard work and our commitment to sustainable and responsible exploration practices. We look forward to advancing our exploration efforts and contributing to the growth and prosperity of Liberia."

After the successful Phase I and II drilling at the Arthington Target, the mobilization of the drill rig to the Alasala target, approximately 16 km west-northwest of Arthington, marks the beginning of the next phase of exploration for Zodiac Gold. Based on the level of artisanal gold mining, historical exploration, recent mapping, sampling, and satellite data interpretation by Zodiac Gold, the Alasala Target is considered to be highly prospective. Zodiac's historical work has reported high-grade gold mineralization, including intercepts of 19.6 meters at 6.17 g/t Au, 6.0 meters at 7.69 g/t Au, and 9.0 meters at 4.46 g/t Au.

As Zodiac Gold embarks on this new chapter, the Company is optimistic about the potential discoveries at Alasala and is dedicated to upholding the highest standards of environmental and social responsibility.

Qualified Person

Tom Dowrick, Director of Exploration at Zodiac Gold, is a Chartered Geologist of the Geological Society of London and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information provided in this release.

For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:

David Kol
President & CEO
info@zodiac-gold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218958

FAQ

What permit did Zodiac Gold (ZAUIF) receive for its Alasala target in Liberia?

Zodiac Gold received the Environmental Protection Agency (EPA) permit for its proposed drilling program at the Alasala target, part of the company's Todi Gold Project in Liberia.

Where is Zodiac Gold's (ZAUIF) Alasala target located?

The Alasala target is located approximately 16 km west-northwest of the Arthington Target, within Zodiac Gold's Todi Gold Project in Liberia.

What were some of the high-grade gold intercepts previously reported at Zodiac Gold's (ZAUIF) Alasala target?

Previous work at the Alasala target reported high-grade gold mineralization, including intercepts of 19.6 meters at 6.17 g/t Au, 6.0 meters at 7.69 g/t Au, and 9.0 meters at 4.46 g/t Au.

When is Zodiac Gold (ZAUIF) expected to commence drilling at the Alasala target?

Zodiac Gold is set to commence drilling activities at the Alasala target in the coming days, following the mobilization of a diamond drill rig to the site.

ZODIAC GOLD INC

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