Compass Gold Corporation

06/12/2019 | Press release | Distributed by Public on 06/12/2019 06:13

Compass Gold Launches Latest Drill Program on Farabakoura Artisanal Workings

Toronto, Ontario, June 12, 2019 -Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has started its follow-up drill program at the Farabakoura artisanal workings on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Initiated first of at least 20 reverse-circulation (RC) drill holes, totalling 3,000 m at Farabakoura
  • Testing several structures based on known gold mineralization, favourable geology and geophysical interpretation of ground magnetic data
  • Testing of Farabakoura Pit Structure onto the Kabangoué prospect to extend mineralized zone to 700 m
  • Completed high-resolution ground magnetic survey on the Sodala prospect in the Sankarani permit and surface sampling at Yanfolila South artisanal pits

Compass CEO, Larry Phillips, commented, 'This next 3,000 m RC program at Farabakoura will be building on our previously successful drilling results as well as our geophysical surveys over this area of intense artisanal gold mining. Our near term objective is to increase the strike length of known drilled mineralization, and to delineate the extent of bedrock gold mineralization identified in the near-surface from numerous artisanal gold-bearing veins. At the same time, our technical team has completed a high-resolution ground magnetic survey on two prospects on our Sankarani permit area and we're awaiting assay results from the surface samples they've collected from the Yanfolila South artisanal pits. We are looking to complete as much of this work as possible before the rainy season begins at the end of the month.'

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