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.”

Click here for full release

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.”

Click here for full release