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Zodiac Gold Starts New Drilling Program of up to 5,000 Meters at Its Flagship Arthington Gold Discovery

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Zodiac Gold (ZAU.V) on Tuesday said it started a new diamond-drilling program at its flagship Arthington discovery, at the Todi Gold Project in Liberia.

The company plans a minimum of 3,000 meters of drilling, with scope to expand to as much as 5,000 meters depending on assay results and the continuity of mineralization encountered.

Exploration will be completed using a diamond drill rig, with the possibility of adding a second rig in the fourth quarter to speed-up drilling and turnaround of results, it added.

"This 3,000-metre program is designed to materially expand the known mineralized footprint along strike and at depth while increasing drill density in support of our planned mineral resource estimate, and we are prepared to increase the program to as much as 5,000 metres should results continue to warrant it," chief executive David Kol said in the release.

Shares of the company were last seen down C$0.01, or 2.9%, to C$0.34 on the TSX Venture Exchange.

Price: $0.34, Change: $-0.01, Percent Change: -2.86%

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