Compass Determines Key Structural Controls on Gold Mineralization at Sodala

High Priority Drilling Targets Identified

Toronto, Ontario, June 29, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Sodala prospect, located on the Company’s Sikasso Property in southern Mali (Figure 1).

Highlights

  • Drilling at Sodala identifies a broad, shallow gold target, associated with a shear zone
  • Air core drilling (9 AC holes, 467 m) intersected gold mineralization within a 280-m wide fault zone cutting artisanal gold workings
  • Further geophysical testing and drilling planned on permit to test a large (1,000 m x 500 m) shallow soil anomaly

Compass CEO, Larry Phillips, said, “Additional bedrock drilling on the Sankarani East permit has identified gold mineralization within a newly discovered shear zone centred on the Sodala artisanal workings.  The results of this latest drilling validate Sodala as a major target for additional geophysical testing and follow-up drilling.  This work has also given us a much clearer understanding of the controls on mineralization, and explains the location of a pronounced soil anomaly, which includes a 31.3 g/t Au sample collected by Compass.

He added, “As we’ve recently reported, geophysical and geological testing has led to our discovery of two new mineralized trends at Tarabala and Samagouela, and it now appears that Sodala lies on a similar structure.  We have abundant evidence that several permits within our 850-square-kilometre property display the necessary geological features to potentially host open-pittable gold deposits, all within one of the most prolific gold districts in the world.”

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Compass Discovers Second High-Grade Bedrock Gold Zone on the Samagouela Trend

Grades up to 36.37 g/t Au recorded at shallow depths

Toronto, Ontario, June 22, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Samagouela and Samagouela South prospects, located on the Company’s Kourou permit within the Sikasso Property in Southern Mali (Figure 1).

Highlights

  • Geophysical survey and drilling at Samagouela identify a pronounced, broad, shallow gold target, associated with a shear zone, extending more than 2-kilometres
  • Air core drilling (24 AC holes, 1,253 m) intersects gold mineralization within two wide trends
  • Best interval at Samagouela: 9 m at 5.79 g/t Au (from 45 m, and remains open at depth), including 1 m @ 36.37 g/t Au (from 45m)
  • Best interval at Samagouela South: 14 m at 2.75 g/t Au (from 20 m), including 1 m @ 11.64 g/t Au (from 21 m)
  • Further geophysical testing planned to delineate the shear-zone along with additional drilling to define the extent of the mineralization
  • Assay results pending from Sodala prospect

Compass CEO, Larry Phillips, said, “Our technical team has found evidence of a large and very encouraging gold target running for at least two-kilometres through our Kourou permit.  It is near surface, wide and contains the kind of grades we have been targeting.  This latest drilling has intersected high-grade gold veins beneath, and along strike from, the pit where artisanal miners have recovered gold and we have discovered a new mineralized structure where the mineralization clearly follows a traceable feature in the geophysical data.  Geophysical evidence also suggests the Samagouela shear zone could extend to the Ourourou prospect, a distance of 8 km.”

He added, “We are aggressively executing discreet drill programs targeting three large prospective areas of our Sikasso property – Tarabala, Samagouela and Sodala – testing for the presence of structures with the potential to discover significant traceable gold mineralization. Following on the success we reported last week from Tarabala, our technical team is even more encouraged by these latest results from Samagouela. We expect to be able to release the drill results from Sodala before the end of June.  Overall, we have achieved our key objectives through our 2020 exploration campaign. We will use these results in planning our next drill program focused on these three exciting prospects as we drive towards our goal of defining areas with large, near surface gold mineralization.”

Permit overview map: http://compassgoldcorp.com/sikasso-properties/

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Compass Increases Confidence in a 2-Km Structural Gold Target Within 10-Km Tarabala Trend

Additional Drilling Targets Identified by Ground Geophysics

Toronto, Ontario, June 15, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Tarabala prospect, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights
● Coordinated exploration work at Tarabala identifies a pronounced, broad, shallow gold target, associated with a shear zone, extending more than 2-kilometres
● Air core drilling (24 AC holes, 1,253 m) intersected gold mineralization within the 10 km long Tarabala soil geochemistry trend
● Best interval was 14 m at 1.24 g/t Au (from 23 m), including 1 m @ 12.99 g/t Au (from 33m)
● Further geophysical testing planned on other Tarabala Trend prospects in preparation for additional drilling once ground conditions permit

Compass CEO, Larry Phillips, said, “Our technical team has uncovered a large and very encouraging gold target running for at least two-kilometres through our Sankarani permit, which remains open at both ends. A combination of drilling, soil sampling and geophysical surveys confirms our interpretation that our permits cover a highly-favourable segment of the Tarabala fault, and further supports our belief that we are in the correct geological environment for a major gold-bearing system, one which demands additional testing.

He added, “In addition to the work at Tarabala, our team completed initial air core drilling programs at two large targets; Samagouela on our Kourou permit; and, Sodala on our Sankarani East permit. Like Tarabala, these targets were selected based on highly prospective geophysical and geological data, and their potential to contain large near surface gold mineralization. With the results from Samagouela and Sodala expected in the next few weeks, we hope to continue to demonstrate the significant potential for finding gold deposits at the Compass land package, which totals more than 850 square kilometres, all within one of the most prolific gold districts in the world.”

Dr. Madani Diallo, Director and Country Manager, added, “As our current exploration program nears its conclusion with the start of the rainy season, I am gratified to see the positive results that our field teams have achieved. It is especially important to note that this work has been completed without any cases of COVID-19 infection amongst Compass employees or subcontractors in the field or our exploration office in Bamako, and that we have continued our stringent health protocols.”

Permit overview map: http://compassgoldcorp.com/sikasso-properties/

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