Compass Confirms Continuity of Shallow Gold Mineralization Over 1-Km Within the 10-Km Tarabala Trend

Results from Deeper Drilling Pending

Toronto, Ontario, March 1, 2021 – 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

  • Infill drilling at Tarabala confirmed a broad, shallow gold target, associated with a shear zone, extending at least 1-kilometre; remains open down dip
  • Higher-grade mineralized zones were intercepted within wide zones of low-grade mineralization
  • Widest and highest-grade discrete interval: 5 m @ 2.02 g/t Au (from 23 m), incl. 1 m @ 6.77 g/t Au (from 24 m).
  • Widest interval: 17 m at 0.73 g/t Au (from 18 m), including 1 m @ 2.32 g/t Au (from 28m) and 2 m @ 1.91 g/t Au (from 31 m)
  • Results expected in early March from three deeper reverse circulation (RC) holes

Compass CEO, Larry Phillips, said,“We continue to receive encouraging assay results from the latest air core drill program at our Tarabala prospect, which confirmed the presence of wide, shallow zones of gold mineralization and continuity over at least one kilometre.  We’re awaiting the results from three RC drill holes we’ve just finished, which were testing for deeper mineralization along this promising target zone. At the same time, we’re aggressively executing our drill program to the north and south of Tarabala, and preparing an initial drill program on our Sodala and Dialéké prospects, both of which are associated with strong soil anomalism and the presence of artisanal workings.”

Dr. Sandy Archibald, PGeo, Technical Director, added, “Drilling at Tarabala has again underlined the strength of our exploration approach, including the importance of ground geophysics, as these new mineralized intervals were encountered where expected. Horizontal and vertical variation is normal in this style of gold mineralization (shear-zone-hosted), so I look forward to seeing the assay results from the three pending RC drill holes at Tarabala to help us decide our next steps there.  Meanwhile, we have also finished drilling 3 km to the north at our Massala prospect and are currently drilling the Assama prospect, 5 km to the south of Tarabala. I am also eager to review the first drill results from those prospects, the first of which we hope to get in early March.”

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