Toronto, Ontario, February 20, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the renewal of the permits that comprise its Sikasso Property in Southern Mali.
- Mali Ministry of Mines and Petroleoum has accepted the new permit boundaries and areas that comprise the Sikasso Property
- The five original permits have now been increased to nine new permits with a maximum area of 100 square kilometres (sq. km)
- Permits are now in good standing until the next renewal date in 2021
Compass CEO, Larry Phillips, commented, “With the official approval of the new permit boundaries and renewal to 2021 we are further reducing our costs while continuing to focus in on the most promising target areas. We have not relinquished any ground that we feel has technical merit. Our exploration program is continuing, and we hope to announce the results of our recent drilling on Ouassada shortly.”