Toronto, Ontario, October 9, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the now completed priority shallow soil geochemical survey program over the Kourou and Tiélouléna exploration permits on its Sikasso Property in Southern Mali.
Highlights
- Twelve discrete gold anomalies were identified on Kourou permit along strike lengths up to 5 km
- Highest soil sample contained 1.38 grams per tonne (g/t) gold (Au)
- Fourteen soil samples contained more than 0.1 g/t Au (100 ppb)
- A total of 4,597 shallow soil samples were collected on the Kourou and Tiélouléna permits, where 689 shallow soil samples returned above the 5 parts per billion (ppb) limit of detection
- Mineralization is coincident with deep linear structures, interpreted as faults, from a remote sensing study
Compass CEO, Larry Phillips, commented, “We are pleased to report the results from our initial shallow soil program on Kourou, where we have identified twelve linear anomalies over the length of the permit. Most of the anomalies correspond with interpreted faults. This includes a 2-km anomaly associated with artisanal workings that contained up to 5.04 g/t gold from grab samples. Again, these initial results give us confidence that we are following the right exploration plan in an area that has been shown to contain several, rich gold mines. Meanwhile, we are anxious to continue our work on these two permits once the rains abate. At the same time, we will be initiating the first bedrock drilling program on our Ouassada permit targets, which are located approximately 50 km northwest of Kourou and Tiélouléna.”