Toronto, Ontario, May 28, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the results of recent independent geophysical, remote sensing, and structural studies conducted on the five permits that comprise the Sikasso Property in Southern Mali.
Highlights
- A total of 56 discrete sub-surface exploration targets were identified on the Sikasso Property, many of which are identical to the 35 near-surface targets previously reported in the *NI 43-101 technical report
- Three primary targets on Ouassada correspond with a 12-km long and 1-km wide zone of anomalous gold identified by shallow soil and deep auger drilling. The largest target identified through these recent studies covered an area of 12 sq. km.
- 10 target areas are identified on the Ouassada permit, 12 on Sankarani, 13 on Kourou, 11 on Tiélouléna, and 10 on Kalé.
- Reinterpretation of the historic and recent airborne geophysics defined numerous regional and local scale faults, and discrete lithological boundaries related to radiometric results
- A Sentinel-2 multispectral study identified hydrothermal iron oxide and clay alteration associated with faults and margins of intrusions, and which are commonly associated with mineralizing fluids in ore systems
- Satellite and geophysical lineament analysis was performed, which complemented the results of the initial geophysical study
(*August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali,” by Dr. Sandy Archibald, P.Geo.)
Compass CEO, Larry Phillips, commented, “I’m extremely pleased with these results, not only because they support our current exploration plan, but because they provide further guidance for prioritizing our drilling program in Q3 when we plan to begin drilling deeper and into the bedrock. The independent studies also reflect the Company’s commitment to technical excellence in exploration on the Sikasso Project.”