Gold Exploration Co. Launches Diamond Drilling Program in Liberia

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1. Disclosure for the quote from the Stewart Thomson article published on May 20, 2026

1. For the quoted article (May 20, 2026), Zodiac Gold Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

On June 25, 2026, Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) announced the mobilization of a diamond drill rig at its flagship Arthington discovery with the aim of growing Arthington both at depth and along strike to support the company's planned mineral resource estimate (MRE).

This program will build on a previous discovery of high-grade intervals of up to 55.9 g/t Au (gold), where nearly 7,000 meters of drilling have suggested strong continuity of mineralized zones. Drill testing along strike will push into the over three-kilometer area west of Arthington, which has thus far been underexplored. Finally, this drill program will test the down-dip continuity of interpreted zones that demonstrated strong grade and thickness near to surface.

Past drilling at the Arthington project has shown the following near-surface mineralization:

• 18.00 meters at 4.67 g/t Au (including 1.00 meter at 55.90 g/t Au)
• 9.65 meters at 7.50 g/t Au (including 3.00 meters at 20.36 g/t Au)
• 6.00 meters at 10.60 g/t Au (including 3.00 meters at 20.45 g/t Au)
• 25.90 meters at 2.10 g/t Au (including 9.14 meters at 4.20 g/t Au)

The Arthington trend includes a four-kilometer-long gold-in-soil anomaly within the 16-kilometer Monterra Trend on the Todi Shear zone. In the June 25 press release, Zodiac President and CEO, David Kol, said: "Mobilizing a drill rig to Arthington is a key milestone in the execution of our 2026 exploration strategy along the 16-kilometer Monterra Trend.

Kol continued: "This program is designed to grow Arthington in two directions at once — testing the at-depth continuity of the high-grade zones we have already defined, while pushing along strike into more than three kilometers of almost untested gold-in-soil anomalism to the west. With significant intersections in 37 of 39 holes drilled to date, Arthington has proven itself as a robust, continuous system; this program is about proving its actual extent. By driving systematic exploration simultaneously across multiple high-priority targets, we are unlocking the true potential of this district-scale system, all while continuing to evaluate and build upon the near-surface success achieved in our recent drilling at Ben Ben. This aggressive, multi-target approach ensures we are efficiently revealing the value of our extensive license package on the Todi Shear Zone."

Zodiac Gold Inc. is a West-African gold exploration company focused on the Todi Gold Project in Liberia. The company asserts that Liberia is a politically stable, mining-friendly country with an expedited permitting process and strong political and social support for exploration companies.

Gold Creeping Up After Steep Fall

In January 2026, gold surged to a record high, hitting over US$5,000 per ounce, but has recently fallen due to a rise in inflation and a stronger U.S. dollar. However, after a deep dip below US$4,000 per ounce yesterday, prices have risen to US$4,032.74 per ounce on June 25. Anjana Anil of Reuters reported that, "Markets project an 80% chance of a rate hike in December, compared with an ‌85% ⁠chance before the release of the PCE data and a 61% chance before the Fed's policy statement last week," before adding that, "The main focal point will still remain inflationary pressures moving forward. That's some of the reason why we've seen gold deteriorate over the ​course of the last ​several sessions."

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Zodiac Gets a "Speculative Buy"

¹On May 20, 2026, technical analyst Stewart Thomson gave Zodiac a "Speculative Buy" rating, with a short-term price target of CA$0.45, a medium-term price target of CA$0.75, and a long-term technical price target of CA$1.00.

Thomson noted that ". . . early results appear to highlight significant potential for the project."

Drilling to Continue

The company's 2026 exploration strategy includes 3,600m of trenching and 14,000m of diamond drilling, which is being completed on the 16km Monterra Trend from the Arthington discovery to Youth Camp. In addition, a drone-based magnetic and LiDAR survey is underway to further refine drill targeting and support a planned Mineral Resource Estimate (MRE).

In H2 2026, the company will also follow up on the current soil geochemical program (10,500 samples) in its Bomi South and Bong West licenses, with potential for mapping, trenching, and drilling as warranted. 

Ownership & Share Information²

Zodiac Gold Inc. has a market cap of CA$60 million, with 181.87 million shares outstanding. The company's 52-week range is CA$0.05-CA$0.44.

Management & Insiders own 33% of shares, while Institutions own 9%. The remaining 58% of shares are held by Retail.