RC Drilling Intercepts 7 M @ 15.58 G/T Gold at Farabakoura

Gold Mineralization Extends over 770 M

Toronto, Ontario, July 29, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the ongoing exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali.

Highlights

  • Latest reverse circulation (RC) (23 RC drill holes, totalling 3,339 m) and diamond drilling program completed at Farabakoura artisanal workings
  • Best interval: 7 m @ 15.38 grams per tonne (g/t) gold (Au) from 111 m (OURC030), including 1 m @ 60.56 g/t Au
  • Intercepted gold mineralization in nine holes, increasing the known strike length of the mineralized system to 770 m
  • 995 m diamond drilling program completed at Farabakoura designed to test depth continuity of the mineralized system

Compass CEO, Larry Phillips, said, “Our final RC drilling program for the season has successfully extended our primary target zone, defining gold mineralization over 770 m from the Farabakoura Pit Structure to the Creek Zone. Our understanding of this somewhat complex mineralized system increases with each hole drilled. With the pending results of the just completed diamond drilling program, we will be able to develop a more complete understanding of the structures, geology and style of mineralization in the system. These results will be used to supplement the extensive work we have conducted over the past 18 months in preparation for launching the next drill program in November, following the rainy season.”

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Compass Gold Adds Diamond Drilling to Ongoing Exploration Program on Farabakoura Artisanal Workings

Toronto, Ontario, July 10, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has added a new diamond drill program at the Farabakoura artisanal workings on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Completed the first of seven diamond drill holes, totalling 1,000 m at the Creek Zone, Farabakoura
  • Diamond holes are to test extensive and high-grade gold mineralization at depth and rock types previously identified during reverse circulation (RC) drilling.
  • RC drill testing of 300 m long south-east extension of the Farabakoura Pit Structure, which is a further extension of the 500 m mineralized zone that has already been identified through drilling
  • 2,000 m of the previously announced (see Compass release dated June 12) 3,000 m RC drilling has been completed on the Farabakoura workings and new areas

Compass CEO, Larry Phillips, commented, “The RC program at Farabakoura is advancing well, where we are concentrating on a geophysical target 300 m along strike from successful drilling in April 2019. The RC team is now moving back to the main Farabakoura workings to test bedrock targets coincident with gold-rich quartz veins currently being mined by artisanal workers. Now, we are starting a seven-hole, 1000 m, diamond drilling program at Farabakoura. This drilling will provide additional information on the geology, and the continuity in terms of gold grade and width along the mineralized structure, which has been revealed over at least 500 m so far. We are very pleased to report that the drill contractor has added a second crew so that they can work in two shifts a day, reflecting the urgency of getting this 4,000 m of drilling included in these two programs completed before the rainy season arrives in full force near the end of July.”

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