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.
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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.