Toronto, Ontario, September 17, 2018 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the initial results from the completed shallow soil geochemical survey program over the Kalé exploration permit on its Sikasso Property in Southern Mali.
● Four discrete anomalous gold zones were identified over a distance of 15 km on the Kalé permit
● Highest soil sample contained 127 parts per billion (ppb) gold (Au) over a permit with no known outcrops
● Gold anomalism is coincident with deep linear structures, interpreted as faults, identified in the recently completed remote sensing and geophysics studies
● 1,746 samples were collected and analyzed on the areas considered the most prospective for gold mineralization
Compass CEO, Larry Phillips, commented, “These latest shallow soil assay results from the Kalé permit provide us with more evidence of the mounting potential across much of our Sikasso property. Our focused soil sampling study over Kalé has identified four areas over a distance of 14 km that require follow-up geochemistry. Importantly, our remote sensing and geophysical studies suggest these anomalies are located on the fault zone associated with at least two other known gold deposits. When field operations begin after the rains, these will be four more areas where we look forward to conducting additional work.”
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Toronto, Ontario, July 31, 2018 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the current geochemistry and geophysics surveys, and the planned Q4 work program on the Sikasso Property in Southern Mali.
- Completion of phase 1 exploration on Ouassada permit, and review of results has identified 14 targets over a distance of 12 km that warrant bedrock drilling
- Proposed phase 2 drilling will target near-surface bedrock gold mineralization
- Four zones containing active artisanal mining are considered priority areas; will involve six fences of drilling totaling approximately 3,500 m
- The average length of the 14 drilling targets is 1.2 km; the longest zone is 2.45 km
- Targets based on shallow and deep (auger) soil gold anomalism; induced polarization (IP) conductors; geological mapping; and, interpretation of high-resolution airborne magnetic geophysics
Compass CEO, Larry Phillips, commented, “This represents an exciting new chapter for the Company, as it will be the first bedrock drilling program ever executed on our 1,179 sq. km Sikasso property. We’ve achieved this pending milestone through the dedicated work of our technical team, led by Dr. Madani Diallo, which has complied the results of extensive exploration geochemistry and geophysics work to identify these first 14 bedrock drilling targets. While we had already planned and budgeted to examine the first two targets in this second phase, we have identified still more priority targets. Now, with the additional funds raised in May, we are looking to expand our bedrock drilling to test four priority target zones in areas of current artisanal mining activity. We hope that drilling will begin in early-November when ground conditions are suitable.”
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Toronto, Ontario, April 3, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the previously announced (see Compass news release dated Feb. 28, 2018) ongoing shallow soil geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali.
- Four additional parallel, northwest-trending gold anomalies have now been identified over strike lengths up to 12 km and widths up to 2 km (see Figure below), bringing the total to nine.
- Highest soil samples contain 3,800 parts per billion (ppb) gold (Au) (3.8 grams per tonne (g/t) Au) 550 m north of artisanal workings at Farabakoura. Highest gold concentrations are not restricted to areas of known workings.
- In this latest round of work, a total of 1,139 shallow soil samples were collected on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb.
- Deep soil auger sampling at Ouassada is now 90% complete, and the shallow soil sampling is currently taking place on the Sankarani permit with 88% of the samples collected.
- High-resolution Airborne geophysical interpretation, and structural and hyperspectral remote sensing (satellite) studies have been initiated.
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As your new President and CEO of Compass Gold Corp., I would first like to thank the many individuals who have made this exciting “relaunch” of our company possible. The strong support of our shareholders, the sound guidance of our advisors and the diligent efforts of our management team and directors have all combined to bring us to where we are today; ready to return to Mali and roll out an aggressive gold exploration program on our highly prospective Sikasso properties.
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Exploration Program Initiated in Mali
Toronto, Ontario, December 18, 2017 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to announce the formal appointment of three new members to the executive management team.
As previously announced by the Company on November 29, 2017, Larry Phillips has been appointed President and Chief Executive Officer. At a meeting of the Board of Directors on December 12th, the Directors appointed Louis Nagy as the Company’s Chief Financial Officer and Corporate Secretary, replacing Lara Iacusso and Danica Topolewski. The Directors also appointed Sandy Archibald, PhD, PGeo, as Technical Director and Greg Taylor as Director, Investor Relations and Corporate Communications. Further information about the management team is set out below.
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