Canadian gold exploration company Zodiac Gold Inc. has begun its 2026 exploration programme in Liberia at the Todi Gold Project, committing $6.1 million to drilling and trenching work at the Ben Ben target.
The project is located across Bomi and Bong counties in northwestern Liberia and forms part of the company’s district-scale exploration strategy along the Todi Shear Zone, a highly prospective structure that spans multiple licences and is regarded as one of West Africa’s most promising gold exploration corridors.
Following recent licence expansions and renewals, the Todi Gold Project now covers more than 2,300 square kilometres, according to Business Insider Africa.
Zodiac Gold’s earlier exploration in Liberia included Phase I trenching and reconnaissance drilling at the Arthington Discovery in 2024, which confirmed the presence of high-grade, near-surface gold mineralisation.
Phase II work carried out between 2024 and 2025 involved diamond drilling at Arthington, producing strong gold intercepts and improving the company’s geological model.
Phase III activities in 2025 focused on trenching and drilling at Ben Ben, where multiple high-grade intervals were identified and priority targets were defined for the current 2026 programme.
In late 2025, Zodiac Gold signed an exclusivity agreement with Avesoro Resources, Liberia’s largest gold producer.
Under the agreement, Avesoro paid a US$200,000 exclusivity fee while assessing a potential transaction involving the Todi Project.
The deal highlights growing strategic interest from a major regional operator and enhances Zodiac Gold’s investment profile in the region.
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The 2026 drilling programme at Ben Ben is aimed at testing a 16-kilometre gold-in-soil corridor that stretches from Arthington eastward to Youth Camp, an area of which less than 6% has previously been drill-tested.
Previous trenching returned high-grade channel samples, including 0.65 metres grading 53.6 grams per tonne of gold and 0.44 metres grading 71 grams per tonne, pointing to strong potential for additional discoveries along the corridor.
David Kol, President and Chief Executive Officer of Zodiac Gold, said the 2026 programme is intended to build on earlier successes and unlock the wider potential of the Ben Ben–Youth Camp corridor.
He added that the company’s solid treasury position, following the recent $6.1 million financing, supports a disciplined exploration strategy, with meaningful results expected over the course of the year.
Liberia produced about 13.6 tonnes of gold in 2023, up from 11.7 tonnes in 2022, with declared exports valued at close to $600 million. Gold accounts for more than 40% of the country’s mining export value.
Although Liberia remains an emerging gold producer compared with Ghana, Mali and South Africa, its geology, which forms part of the Birimian gold belt, offers strong potential for further exploration and production.
Zodiac Gold’s investment reflects Liberia’s increasing attractiveness to foreign investors and aligns with government efforts to expand the mining sector.
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