Awale Assets: Exploration and Discovery of Gold and Copper-Gold Deposits in West Africa

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Firm Overview:

Zodiac Gold is on the forefront of gold exploration in West Africa, showcasing important exploration potential at its 100% owned Todi Challenge, positioned within the Republic of Liberia. The Todi Challenge encompasses a 2,316 km2 land package deal that features geology and buildings identified to host gold mineralization, located in a beforehand underexplored area of West Africa. Administration lives and operates on the bottom in Liberia with 24 years of West African expertise. The Firm has sturdy authorities and political knowhow and there’s a important U.S. Authorities presence in Liberia.

Key Highlights:

  • District-Scale Discovery 2,316 km land package deal alongside the fertile Todi Shear Zone together with the 418 km Todi flagship property and one reconnaissance license masking an extra 1,898 km.
  • Proximity to Present Mines Strategically positioned 20 km SE of Avesoro Assets’ New Liberty gold mine (1.74 M oz useful resource) and 30 km from the Ndablama gold mine (0.9 M oz useful resource).1
  • Early Exploration Success and Ongoing Initiatives Part 1 Scout Drill Applications at Arthington and Alasala targets have intersected a number of huge zones of high-grade mineralization in 40 of 47 holes drilled thus far, highlighting the potential for the invention of recent gold deposits. A Part 2 Drilling Program is underway at Arthington with outcomes anticipated in Q1 2024. A extra complete drilling marketing campaign (as much as 10,000m) is anticipated to comply with in 2024 topic to the Firm securing further financing.
  • Infrastructure Benefit Properly-established native and regional infrastructure with year-round street entry, drilling and exploration camp services, and shut proximity to airports and seaports.
  • Skilled Management A gifted, discovery-driven, and capital market savvy administration staff led by President CEO David Kol (14 years of West African expertise), supported by extremely achieved Board members and strategic advisors together with Renaud Adams (CEO of IAMGOLD), Doug Cater, Graham Warren, and Mike Demeter.

The Todi Challenge:

The Todi Challenge is the cornerstone of Zodiac Gold’s exploration endeavors within the prolific Todi Shear Zone of Central Liberia. Positioned inside the West African Craton, one of many world’s nice gold provinces and the most important Paleoproterozoic gold-producing area internet hosting quite a few world-class gold deposits with an estimated gold endowment of over 450 Moz2, Zodiac Gold believes that the Todi Challenge gives a compelling funding proposition.

The Todi Challenge incorporates quite a few prospects, targets and anomalies distributed all through the land package deal. These embrace conceptual geology targets primarily based on identified settings of current greenstone belts, cross chopping shear zones, coherent gold in soil anomalies, stream sediment geochemistry and geophysical discontinuities and anomalies. Moreover, current artisanal mining websites are assumed to be positioned on structural developments that proceed onto and thru the land package deal forming extremely potential targets for the invention of great gold deposits.

  • Potential Geology and District-Scale Potential: The Todi Property is strategically positioned alongside the huge Todi Shear Zone extending over 300 km, a gold-rich regional construction identified to host many gold occurrences with a whole bunch of in depth onerous rock artisanal mining websites. The venture incorporates an 18.5 km lengthy mineralization development recognized by constant gold in soil anomalies containing in depth onerous rock artisanal gold mining websites, and 5 main multi-km drilling targets with seen gold. Equally, inside the reconnaissance license, stream geochemistry outlined not less than a 40-km lengthy gold hall for additional exploration and goal era. Zodiac Gold believes that the venture holds important geological promise for gold exploration and discovery. It’s positioned 20 km southeast of Avesoro’s New Liberty Gold Mine and 30 km from the Ndablama gold mine.
  • 5 Excessive-Precedence Exploration Targets: Sampling, mapping, trenching and scout drilling applications have been accomplished alongside the regional development of the mineralization and recognized not less than 5 multi-km targets for mineralization over 18.5 km of strike size within the venture space, together with Alasala-Mandingo Hill, Alasala South, Arthington, Benben, FehFeh and Youth Camp.
  • Profitable Historic and Part 1 Drill Program: Zodiac’s Part 1 Scout Drilling Program, accomplished in July 2022, together with earlier drilling carried out on the venture, revealed important gold mineralization in 20 of twenty-two drill holes with key intercepts together with: 6.15 g/t Au over 19.6m, 4.6 g/t Au over 9.0m, and seven.69 g/t Au over 6.0m at Alasala (2015); and seven.5 g/t Au over 9.6m, 10.6 g/t Au over 6.0m, and 4.7 g/t Au over 5.65m at Arthington (2022).

For additional particulars relating to the Todi Challenge, consult with the technical report ready by ACA Howe titled “Technical Report on the Todi Gold Challenge in Liberia” and dated November 14, 2023, a duplicate of which is accessible underneath Zodiac Gold’s SEDAR profile at

Exploration Plans:

Part 2 Drill Program: A 500 m drilling marketing campaign was accomplished in 2023 as a part of the continued Part 2 Drill Program, primarily specializing in the Arthington goal. The marketing campaign aimed to check and lengthen the mineralization alongside a 2,400 m strike of the +4km mineralized development recognized by the soil anomalies, trenching and high-grade channel chip samples on the bedrock the place the shear zones uncovered seen gold. The present drill program will function a foundation for the subsequent stage of in depth drilling program deliberate at Arthington with the objected of delineating a maiden useful resource on the property.

Zodiac Gold additionally intends to broaden its drilling on different targets on the Todi Challenge. The Alasala goal, with a +2 km strike size of mineralization outlined by constant trenching outcomes and inspiring scout drilling outcomes, is anticipated to be a precedence.

As a part of Zodiac Gold’s regional exploration and goal era technique, soil sampling shall be deliberate to follow-up the outcomes of stream geochemistry defining a 40-km gold hall with precedence exploration targets alongside the greenstone belts to verify the extension of mineralization into the reconnaissance license and determine further exploration targets. All drilling and exploration work past the preliminary work program recognized within the technical report is topic to the Firm securing further financing to fund such actions.

Senior Administration & Advisory Staff:

Zodiac Gold has assembled a senior administration and advisory staff that brings a wealth of expertise, drive, and confirmed monitor data of success. With the CEO and VP, Exploration on-the-ground full-time in Liberia, the Firm’s administration is nicely positioned to execute the Firm’s exploration technique.

David Kol – President, CEO, & Director: David is a extremely skilled worldwide enterprise and startup govt with over 20 years of expertise in finance, advertising, enterprise growth, M&A, and govt administration, primarily within the useful resource sector, media/leisure, actual property and know-how industries. Previous to Zodiac, David held senior administration roles in Gem Rocks Mining Assets, World Media Group Holdings, The Gamers Community, World Media Ventures and Interactive Enterprises. David at the moment serves on the Board of Administrators of BluEarth Carbon Improvement. David attended the College of California, Davis, the place he studied managerial economics, and has an A.A. (Legal Justice) from Diablo Valley School.

Efdal Olcer – VP, Exploration: Efdal Olcer is a extremely achieved and certified Exploration Geologist with 18 years of expertise. Efdal has distinctive technical expertise and expertise gained in varied mineral classes and numerous geological environments, together with Greenstone, Archean, Proterozoic and Tethyan in Africa, the Center East, and Turkey. He possesses a demonstrable monitor document in mineral exploration, particularly gold exploration in numerous deposit varieties together with; epithermal, porphyry, orogenic, and inside totally different terrains. He has additionally gained in depth greenfield and brownfield exploration and venture growth expertise with the bulk leading to discoveries and a number of other changing into worthwhile gold mines. Earlier than becoming a member of Zodiac, Efdal served as Chief Geologist for Summa Gold and Exploration Supervisor of MNG Gold, a subsidiary of Avesoro Holdings. Efdal additionally held senior geological positions for KEFI Minerals, Asia Minor Mining Inc., and Stratex Exploration PLC. Efdal holds a B.Sc. Diploma in Geological Engineering from Center East Technical College. He’s a member of the Society of Financial Geologists, Geological Society of London, Australian Institute of Geoscientists, Society of Geology Utilized to Mineral Deposits, and Turkish Affiliation of Economics Geologists.

Peter Granata – CFO: Peter Granata has greater than 18 years of expertise in finance and operations administration inside world organizations. He’s a dynamic, results-oriented skilled with govt positions in TSXV corporations and, prior to those, served as an Audit Supervisor for PricewaterhouseCoopers. Peter has ready monetary statements, MD&A, information releases, mine allowing functions and venture money flows. With PricewaterhouseCoopers he carried out audits for Canadian IFRS, US GAAP reconciliations, Particular Function Monetary Statements and has executed Group reporting underneath Canadian GAAP. His expertise consists of CFO for TSXV entities, capital elevating, worldwide company buildings, shopper engagement, C-suite & administrators engagement, M&A, financing, investor relations, associated get together transactions, and finance transformation. Peter has a B. Bus and is a Chartered Accountant.

Douglas Cater, P.Geo FGC – Impartial Director: Doug Cater is knowledgeable geologist who has labored extensively throughout Canada and internationally for greater than 35 years, with a specific deal with the Abitibi gold belt positioned in NE Ontario. He has held positions with each senior and intermediate gold producers, together with Barrick Gold Corp., Placer Dome Inc. and Kinross Gold Corp. His African exploration expertise was obtained whereas serving as an Exploration Marketing consultant for Barrick Gold Corp. in Tanzania, the place he was accountable for the venture administration of an exploration diamond drill program within the Lake Victoria greenstone belt. His most up-to-date govt place was as Vice President, Exploration (Canada) with Kirkland Lake Gold Ltd. Mr. Cater can be a director of Sierra Metals Inc., Mayfair Gold Corp., Exploits Discovery Corp. and Gowest Gold Ltd. He’s a graduate of the ICD-Rotman Administrators Training Program.

Graham Warren, CPA, CMA – Director: Graham Warren is a senior monetary govt with over 30 years of expertise with rising and established corporations primarily within the mining and oil and gasoline sectors. His experience spans financings, M&A transactions, and guiding corporations by way of the going public course of. Mr. Warren serves as CFO and Director for Goliath Assets, Pangolin Diamonds Corp., and Platinex Inc. Mr. Warren has his B-Comm and is a Chartered Skilled Accountant.

Mark Kol – Impartial Director: Mark Kol, a Zodiac Gold co-founder, boasts over 30 years in investor relations, enterprise capital, finance, and funding banking. With a ardour for capital elevating, Mark has excelled throughout numerous industries, together with actual property, exploration/mining, know-how, biotech, and media/leisure. At present an Govt Vice President at CBRE, Mark’s profession consists of impactful roles in San Francisco’s funding banking scene, specializing in capital elevating and making ready corporations for Preliminary Public Choices.

Renaud Adams – Advisory Board: Mr. Adams is a adorned mining govt and at the moment serves because the CEO of IAMGOLD Inc. (TSX:IMG) – a $1.6B market cap senior gold producer. Mr. Adams brings in depth expertise, having led the strategic repositioning of New Gold Inc. and served in key roles at Richmont Mines and Primero Mining Company. His impactful profession additionally consists of managing IAMGOLD’s Rosebel mine in Suriname and serving as Senior Vice President, Americas Operations.

Michael Demeter – Advisory Board: Michael Demeter, with over 25 years of fairness capital markets and mining funding banking expertise, serves as a strategic advisor. He’s at the moment a companion at Fort Capital and held earlier roles embrace Managing Director, Head of Institutional Gross sales at Haywood Securities Inc. and Affiliate Director, Institutional Equities at Macquarie Group.

About Zodiac Gold

Zodiac Gold stands on the forefront of gold exploration in West Africa, boasting a district-scale discovery within the Todi Challenge. Guided by a dedication to accountable exploration and led by an skilled management staff, Zodiac Gold is poised to play a pivotal function within the flourishing gold sector of West Africa. The corporate’s flagship Todi Challenge, masking an expansive 2,316 km2 land package deal, is strategically positioned in a beforehand underexplored area with shut proximity to the famend New Liberty Gold Mine. With a sturdy exploration technique, wonderful entry to infrastructure, and a deal with sustainable practices, Zodiac Gold is well-positioned for fulfillment in unlocking the complete potential of its in depth gold exploration belongings.

Certified Individual

Efdal Olcer, Vice President of Exploration at Zodiac Gold, is a member of the Society of Financial Geologists, Geological Society of London, Australian Institute of Geoscientists, the Society of Geology Utilized to Mineral Deposits, and the Turkish Affiliation of Economics Geologists and a Certified Individual as outlined by NI 43-101. He has reviewed and accredited the technical and scientific data offered on this launch.

On Behalf of Zodiac Gold Inc.

“David Kol”

President & CEO

For additional data, please go to the Zodiac-Gold web site at or contact:

David Kol

President & CEO

[email protected]

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

Ahead trying data: This information launch consists of sure “forward-looking data” inside the which means of Canadian securities laws and “forward-looking statements” inside the which means of america Personal Securities Litigation Reform Act of 1995 (collectively “ahead trying statements”).

Ahead-looking statements embrace predictions, projections, and forecasts and are sometimes, however not all the time, recognized by way of phrases comparable to “search”, “anticipate”, “consider”, “plan”, “estimate”, “forecast”, “anticipate”, “potential”, “venture”, “goal”, “schedule”, “finances” and “intend” and statements that an occasion or end result “could”, “will”, “ought to”, “may” or “would possibly” happen or be achieved and different comparable expressions and consists of the negatives thereof. All statements aside from statements of historic truth included on this launch, together with, with out limitation, statements relating to the Firm’s deliberate exploration applications and drill applications and potential significance of outcomes are forward-looking statements that contain varied dangers and uncertainties. There might be no assurance that such statements will show to be correct and precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements are primarily based on various materials elements and assumptions. Necessary elements that would trigger precise outcomes to vary materially from Firm’s expectations embrace precise exploration outcomes, modifications in venture parameters as plans proceed to be refined, outcomes of future useful resource estimates, future metallic costs, availability of capital, and financing on acceptable phrases, basic financial, market or enterprise circumstances, uninsured dangers, regulatory modifications, defects in title, availability of personnel, supplies, and tools on a well timed foundation, accidents or tools breakdowns, delays in receiving authorities approvals, unanticipated environmental impacts on operations and prices to treatment similar, and different exploration or different dangers detailed herein and once in a while within the filings made by the Firm with securities regulators. Though the Firm has tried to determine necessary elements that would trigger precise actions, occasions, or outcomes to vary from these described in forward-looking statements, there could also be different elements that trigger such actions, occasions, or outcomes to vary materially from these anticipated. There might be no assurance that forward-looking statements will show to be correct, and accordingly readers are cautioned to not place undue reliance on forward-looking statements.


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