Ground Geophysics Being Completed on the Samagouela Trend in Preparation for New Drill Program

Toronto, Ontario, October 29, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has nearly completed the ground geophysical surveys over the Samagouela Trends on its Sikasso Property in southern Mali.

Highlights

  • 26 sq. km of Gradient Induced Polarization (IP) surveys being completed on three grids on the Samagouela Trend
  • The annual rains have ceased, and field teams have mobilized to prepare access and drilling pads for renewed drilling at the Tarabala and Samagouela prospects
  • Fully-funded 3,000 m drill program is planned to start at Tarabala and Samagouela in November
  • 12 additional Gradient IP surveys on high-priority areas remain – associated with artisanal workings and gold in shallow soil anomalism

Compass CEO, Larry Phillips, said, “Preparations continue on our primary drilling targets on the Tarabala and Samagouela trends.  Our field team has appraised site access and a bulldozer will be on site early next week to prepare the drilling pads for our initial 3,000 m air core drilling program there.  Based on the success of our drilling earlier this year, we will be testing a 2.3-km zone on the 10 km Tarabala Trend, and a 1.4-km zone on the 10 km Samagouela Trend.  The current program will provide additional information on the continuity of the previous near surface mineralized intercepts, such as 14 m @ 2.75 g/t Au and 9 m @ 5.79 g/t Au from Samagouela, and follow the mineralization along strike.  Drilling in both areas will be completed before the end of the year. These results, along with the recently completed geophysical surveys, will help define precise drilling targets to be followed-up next year.”

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