Diamond Drilling at Farabakoura Intersects High-Grade Gold Mineralization

Additional Drilling Planned to Determine Extent of Zone

 Toronto, Ontario, March 28, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the results of the one diamond drill hole completed on extensive artisanal workings at the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Identified three discrete mineralized zones within an 18 m-wide interval
  • 4 m @ 83.82 g/t Au (from 63 m)
  • 4 m @ 7.04 g/t Au (from 69 m)
  • 3 m @ 4.18 g/t Au (from 78 m)
  • 1 m interval (with a 45 cm true thickness vein) contained 329.92 grams per tonne gold (g/t Au)
  • Mineralization correlated well with adjacent reverse circulation (RC) drill holes and a 1,600 m target structure identified during recent ground geophysics
  • 1,000 m drill program planned at Farabakoura to test additional structures

Compass CEO, Larry Phillips, said, “The results from our first diamond drilling thus far at Farabakoura are exceptional. While the 330 g/t Au (10.6 troy ounces per tonne) interval reflects the nuggety nature of the gold, it is important to note that the three mineralized structures around it correlated with what we found in the adjacent RC holes drilled in December. Looking at the larger picture, we also see that the mineralization drilled to date at Farabakoura is coincident with structures identified from our ground geophysical surveys. We’re looking forward to starting to further drill test these trends soon, which are up to 1,600 m in length, to determine the full extent of the mineralization in this highly prospective portion of our permits.”

Diamond Drilling (Farabakoura)

As previously announced (see Compass news releases dated January 10 and February 14, 2019), a single 201 m inclined diamond drill hole, OUDD001, was drilled in early January 2019 beneath the artisanal gold working at Farabakoura, Ouassada permit. The purpose of the hole was to provide information on rock types, structure and the nature of mineralization encountered in two adjacent, 10 m away, reverse circulation (RC) drill holes (OURC004 and OURC005). OURC004 contained a 37-m mineralized zone with 0.87 grams per tonne gold (g/t Au), which included intervals of 10 m @ 2.25 g/t Au (from 29 m), and 9 m @ 0.84 g/t Au (from 59 m). OURC005 contained two broad mineralized zones. The first zone was a 46-m mineralized zone with 0.66 g/t Au (from 18 m), which included intervals of 6 m @ 0.53 g/t Au (from 18 m), and 13 m @ 1.97 g/t Au (from 51 m). The second zone was 27 m @ 0.92 g/t Au (from 96 m), which included 16 m @ 1.47 g/t Au (from 96 m).

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Ground Geophysics Identifies Potential Structures Under Ouassada Artisanal Workings

Additional Drilling Planned to Determine Extent of Zone

Toronto, Ontario, March 26, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the results of detailed ground geophysics performed on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • 1,600 m long target structure has been identified by ground geophysics underlying three artisanal working areas at Farabakoura
  • Structure corresponds to gold mineralization identified in five bedrock drill holes
  • Additional structures also identified in Farabakoura area
  • Planning is underway for additional 1,000 m drill program around Farabakoura, and ground geophysical survey has started over coincident geophysical and geochemical targets on Ouassada and Faraba-Coura permits.

 

Compass CEO, Larry Phillips, said, “Our recently completed ground geophysical surveys identified structures in the bedrock that correlated well with known zones of gold mineralization revealed from recent drilling, providing the latest support for our exploration efforts in this area. Next, we plan to initiate bedrock drilling as soon as possible to determine whether the structure is mineralized for the entire 1,600 m length that our ground geophysics has indicated the zone could extend.”

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New Artisanal Workings Identified on Yanfolia South Block

Toronto, Ontario, March 19, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the progress of prospecting conducted on four exploration permits comprising the newly created Yanfolila South block on its Sikasso Property in Southern Mali.

Highlights

  • Fourteen artisanal workings were identified on the Yanfolila South block permits
  • Four workings are coincident with targets previously identified from shallow soil geochemistry and remote sensing studies
  • Field teams have been dispatched to systematically collect material from the workings to help define an expedited bedrock drilling program
  • Also, initial orientation induced polarization (IP) geophysics survey has been completed at Farabakoura; awaiting review by our consultant geophysicist

 

Compass CEO, Larry Phillips, observed, “We are continuing to find new evidence of the prospectivity of our large and relatively underexplored Sikasso permit area. Most recently, our prospecting team has identified fourteen artisanal gold workings at our Yanfolila South block, including some in which, using heavy excavation equipment, artisanal miners have reportedly recovered up to 20 kilograms of gold in recent months. We are now conducting a geochemical sampling program at the most prospective of these sites with the intention of identifying our newest drilling targets to locate the bedrock source of gold mineralization during the next phase of our robust exploration program.”

Technical Director, Dr. Sandy Archibald, added, “The discovery of new artisanal workings on the Yanfolila South block is welcome, as it vindicates our initial view on the mineral potential of this block. However, our immediate focus remains on our northern permits* where we have identified wide zones of bedrock gold mineralization through drilling at Farabakoura. An extensive IP survey is about to begin, which we hope will identify additional drilling targets.”

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Drilling Intercepts Bedrock Gold Zones 380 M Apart Under Artisanal Workings, Ouassada – Additional Work Planned to Determine Zone’s Full Extent

Toronto, Ontario, March 5, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the progress of the exploration drilling on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Three new reverse circulation (RC) drill holes totalling 406 meters (m) were completed on the Farabakoura artisanal workings
  • Gold mineralization identified in all three holes
  • Bedrock gold zones identified 380 m along strike from previous drilling
  • Best intercept was 13 m @ 3.40 grams per tonne (g/t) gold within a broad zone of gold mineralization of consisting of 60 m @ 1.42 g/t Au

Compass CEO, Larry Phillips, said, “I am excited to report that our most recent drilling at the Farabakoura artisanal gold workings has revealed a broad mineralized zone containing two distinct zones in the northwest and three more along the targeted mineralized trend to the southeast. As a result, we are planning more drilling to help determine the extents of continuity and additional strike length of the system. Further, our current field geophysics program on the Ouassada permit will help refine our bedrock drilling targets.”

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