Large Gold Anomaly Discovered at Samagouela on the Kourou Permit, Along Strike from Artisanal Workings

Toronto, Ontario, October 8, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on its exploration activity on the Kourou permit, Sikasso Property in Southern Mali.

Highlights

  • Shallow soil survey reveals discrete gold anomalism over a distance of 1.8 km along strike from Samagouela gold workings
  • Maximum soil sample contained 4.03 grams per tonne (g/t) gold (Au); not associated with previous workings
  • Anomalies are coincident with regional shear zone and crossing-cutting faults, including faults cross-cutting small intrusion

Compass CEO, Larry Phillips, said, “So far this year, our primary exploration focus has been at Farabakoura on our Ouassada permit. However, our field teams have also been busy following-up on previous exploration and investigations of artisanal workings on some of our other permit areas, including Samagouela on the Kourou permit. Fieldwork conducted at Samagouela has identified a potential 1.8-km-long zone of gold anomalism that is coincident with regional structures. This discovery shows the quality of our full land package and that the huge potential at Sikasso extends beyond the exciting Farabakoura zone. In light of these encouraging results, our technical team will be reviewing options for expanding our exploration plans for the 2020 drilling season.”

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