Results Pending from Two Other Prospects; Drilling Program Continues
Toronto, Ontario, May 18, 2021 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) reports the results of the latest drilling at the Massala West, Massala Main, Orange Grove, Assama and Sodala prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 2).
Highlights
- Wide-spaced drilling at Massala West confirms gold mineralization along a new 1.6 km section of the Tarabala Fault
- Highest-grade drill interval was 2 m @ 13.06 g/t Au (from 16 m; SAAC204)
- Widest mineralized zone was 21 m @ 0.86 g/t Au (from 1 m; SAAC189)
- Preparations are underway for an additional 1,600 m of air core drilling over a distance of 1.4 km to the north of the new zone, and 1,200 m of infill drilling on the recently discovered mineralization
- 1,400 m of air core (AC) drilling is also planned at the new Tarabala South target
- Drilling at Sodala intercepted intermittent shallow gold mineralization, associated with a north-south trending shear zone and strong shallow gold in soil anomalies
- Highest-grade drill interval: 1 m @ 4.57 g/t Au (from 21 m).
- Drilling at the Massala Main, Orange Grove, and Assama artisanal workings did not intercept significant mineralization
- Results are pending from the Dialéké and Old Sam prospects
Compass CEO, Larry Phillips, said, “These latest results of our systematic ongoing evaluation of our extensive ground package have revealed yet another promising large, shallow gold target. Drilling at our Massala West prospect has confirmed the continuation of gold mineralization over a distance of 4.2 km, and the structure remains open at either end. We are preparing drill pads to test the strike extension of the structure, and to test the continuity with infill drilling on the best mineralized zones. This 82-hole drilling program should be completed, and the results returned, before the rainy season is heaviest in July.”
He added, “Drilling at the nearby Sodala prospect has also confirmed the presence of gold and we will conduct follow-up work later looking for wider, higher grade zones of mineralization there as well. Meanwhile, in addition to the follow-up drilling at Massala West, we are eagerly awaiting the assay results from 70-holes drilled on two promising new targets on the Kourou and Faraba-Coura permits.”