Liberia Gold Explorer Hits 8.28 g/t Au at Todi Trenches

Liberia gold explorer Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB)  delivered new trenching data that highlights high-grade potential within its district-scale Todi project. One standout intercept showed 23 m at 0.68 g/t Au, including 12 m at 1.16 g/t Au and 1 m at 8.28 g/t Au at the Feh Feh target.

These numbers matter for retail investors because they confirm both broad mineralization and discrete high-grade zones that can guide future drilling. The results also sit alongside fresh artisanal workings discovered hundreds of meters outside the previously mapped Monterra Trend, suggesting the mineralized footprint may be larger than initially modeled.

Why These Results Matter Right Now

Gold prices have remained elevated after surpassing the US$4,500 benchmark, creating a favorable backdrop for early-stage explorers. Zodiac’s latest data arrives as the company advances multiple targets in parallel, which can improve the odds of defining a meaningful resource.

Key Investor Takeaways

• Recent trenches at Feh Feh returned 23 m at 0.68 g/t Au, including 1 m at 8.28 g/t Au, demonstrating broad mineralization with higher-grade intervals.
• New hard-rock artisanal sites at Gbolomine and elsewhere lie up to 1,450 m outside the current Monterra Trend soil footprint.
• Twenty trenches are now complete across the Ben Ben to Feh Feh corridor, while drilling continues at Lewis and trenching advances along the Lewis North trend.
• Strong insider ownership of 30 percent aligns management with shareholders and supports continued exploration spending.
• Analyst Stewart Thomson maintains a long-term technical target of CA$1.00 on the stock.¹
• Liberia offers a mining-friendly jurisdiction with a 25 percent corporate tax rate and full profit repatriation.

Company Advantage and District Position

Zodiac Gold focuses on its flagship Todi Gold Project in Liberia while also advancing exploration licenses at Bomi South and Bong West. Liberia is a jurisdiction described as politically stable with an expedited permitting process. West Africa as a whole hosts more than 450 Moz of discovered gold across numerous large deposits, yet Liberia remains one of the least explored parts of this belt.

The company is advancing four main targets (Arthington, Ben Ben, Feh Feh, and Lewis) while simultaneously evaluating new occurrences beyond the original 16 km Monterra Trend corridor. This parallel approach can accelerate target generation and reduce single-site risk.

Key Assets, Projects, and Next Catalysts

At Feh Feh, trench FFT002 returned the highlighted 23 m interval on a 600 m strike-length soil anomaly. Trench FFT001, located 470 m southeast of the main artisanal pit, added 27 m at 0.19 g/t Au. Management views the combination of broad lower-grade zones and higher-grade shoots as highly encouraging.

Channel sampling at Gbolomine, approximately 800 m south of the Monterra Trend gold-in-soil anomalism at Lewis, produced 5 m at 1.54 g/t Au (including 1 m at 5.71 g/t Au) and 3 m at 0.96 g/t Au. Additional artisanal workings have been noted at Marine, Saycalay, and Edge Pit, with some occurring beyond the previously defined Monterra Trend soil footprint.

Follow-up mapping and sampling of more than 1,300 soil samples is now underway to define the orientation and significance of these new sites and to prioritize additional trenching or drilling.

Broader Sector Timing and Macro Backdrop

Gold traded at US$4,600 per ounce on August 25, 2026, remaining well above levels seen in prior years. The metal posted a 36 percent gain compared with August 2025, supported by central-bank buying and investor demand. Analysts at JPMorgan have projected a year-end 2026 target of US$6,300 per ounce.

The World Bank forecasts a 17 percent rise in its metals and minerals price index for 2026, which could further support exploration budgets across the junior sector.

Analyst Views and Valuation Context

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

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 184.51 million shares outstanding. The 52-week range stands at CA$0.12 to CA$0.43. Insiders hold 30 percent of the shares while institutions own 10 percent.

Exploration work remains active with trenching ongoing at Lewis North and drilling continuing across priority targets. Investors should monitor assay results from both programs as well as any updates on the newly identified artisanal sites.

Common Questions from Investors

What does the 8.28 g/t intercept mean for investors? It shows the presence of higher-grade gold within a broader mineralized zone, which can help prioritize follow-up drilling and potentially improve future resource estimates.

How far outside the known trend are the new targets? New artisanal workings extend up to 1,450 m beyond the previous Monterra Trend soil survey limits, opening fresh ground for systematic exploration.

Why does insider ownership matter? Thirty percent insider ownership means management and directors have significant skin in the game, and their interests are aligned with those of outside shareholders.

What is the next step after these trenches? Follow-up geological mapping and sampling is underway alongside analysis of more than 1,300 soil samples to assess the new occurrences and prioritize further trenching and drilling

Retail investors evaluating Zodiac Gold should weigh the early-stage nature of the project, the need for further drilling success, and the typical risks associated with junior gold explorers operating in emerging jurisdictions.