Zodiac Gold Hits 52m at 0.71 g/t Gold in Liberia Trenching

Important Disclosures:

1. Zodiac Gold Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zodiac Gold Inc.
3. Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

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.

Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) delivered first-pass trenching results that included 52 meters grading 0.71 g/t gold, with a higher-grade interval of 19 meters at 1.51 g/t gold, according to a recent press release. These intercepts from the Lewis North trend at the Todi Gold Project in Liberia establish a second parallel gold-in-soil anomaly measuring 1.8 km long.

The results matter now because gold prices remain elevated, supporting continued investment in early-stage exploration across West Africa. Retail investors tracking near-surface gold discoveries can use these data points to assess the growing footprint along the 16 km Monterra Trend.

Why the Todi Gold Project Stands Out

Zodiac Gold is focused on the Todi Gold Project in Liberia, a jurisdiction described by the company as politically stable with a mining-friendly regulatory environment, 25 percent corporate tax, 3 percent royalty, and full repatriation of profits.

The company positions Liberia as one of the least explored segments of the broader West African gold belt that hosts more than 450 million ounces of discovered gold.

Key Investor Takeaways

• Trenches at Lewis North returned 52 m at 0.71 g/t gold, including 19 m at 1.51 g/t gold, confirming a second 1.8 km gold-in-soil trend.
• Parallel mineralized zones at Lewis North and Lewis South expand the near-surface exploration potential along the 16 km Monterra Trend.
• One analyst's price targets range from CA$0.45 short-term to CA$1.00 long-term on a Speculative Buy rating.¹
• Phase 1 drilling is already active at Lewis South and Arthington, with another drill rig being mobilized to begin drilling within two weeks.
• Insider ownership of 30 percent and institutional ownership of 10 percent align management with shareholders.²
• Gold prices above US$4,000 per ounce provide a supportive macro backdrop for district-scale exploration in Liberia.

Company Assets and Next Catalysts

The Lewis target now features two parallel 1.8 km gold-in-soil anomalies. Previous trenching at Lewis South returned 84 m at 0.51 g/t gold, including 30 m at 1.04 g/t gold. Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) stated that the new Lewis North intercepts add a second mineralized trend and support additional drill testing. The company is advancing trenching results and has begun Phase 1 diamond drilling at Lewis South and Arthington. Another rig is planned to accelerate testing across multiple targets.

Broader Sector Timing and Gold Market Context

Gold prices have risen 26% over the past year, compared with August 2025 levels, and recently reached US$4,470 per ounce. Gold.org  noted that catalysts such as lower interest-rate expectations could lift prices toward US$4,500 per ounce or higher. JPMorgan has set a year-end 2026 target of US$6,300 per ounce.

Trading Economics reported that gold prices rose after dovish Federal Reserve comments reduced expectations for near-term rate hikes.

The World Bank forecasted its metals and minerals price index to rise 17 percent in 2026, according to Brian Taylor of Recycling Today.

Analyst Views and Valuation Context¹

On 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 target of CA$0.75, and a long-term target of CA$1.00.

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

Share Structure and Near-Term Events²

Zodiac Gold Inc. has a market cap of CA$52.20 million and 184.76 million shares outstanding. The 52-week trading range is CA$0.12 to CA$0.43. Management and insiders own 30 percent of shares, while institutions own 10 percent. 

President and CEO David Kol stated that the company is mobilizing an additional drill rig to the Todi Gold Project to test multiple targets and accelerate understanding of mineralization continuity and scale. The board includes mining fund manager Larry Lepard, mining executive Brett Richards, and veteran geologists.

Common Questions from Investors

Q: What were the strongest trenching results at Lewis North?
A: Trench LWT001 returned 52 meters averaging 0.71 g/t gold, including 19 meters at 1.51 g/t gold with higher-grade sections up to 3.33 g/t gold.

Q: How does Lewis North relate to Lewis South?
A: Lewis North is a parallel 1.8 km gold-in-soil trend to Lewis South, expanding the near-surface mineralized footprint at the Lewis target.

Q: What is the next step in Zodiac Gold exploration?
A: Phase 1 diamond drilling continues at Lewis South and Arthington, with another rig scheduled to begin operations within two weeks.

Q: Why is Liberia considered prospective for gold?
A: Liberia lies within the West African gold belt that hosts over 450 million ounces of discovered gold and remains one of the least explored portions of that region.