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Compass Gold: Auger Drilling Confirms Presence of Strong Subsurface Gold Anomalism at an Average Depth of 13 m Over 12 km at Ouassada
TORONTO, May 07, 2018 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the previously announced (s
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, May 07, 2018 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the previously announced (see Compass news release dated April 3, 2018) ongoing deep soil auger geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali. Highlights Deep soil auger sampling has identified a broad 1.5 km wide long and 12 km long zone of anomalous gold at an average depth of 13 m beneath and coincident with the previously reported shallow soil sampling areas. This anomaly, which closely correlates with the bedrock geology, remains open to the north. Gold concentrations up to 2,600 parts per billion (ppb) gold (Au) (2.6 grams per tonne (g/t) Au) occur at the artisanal workings at Farabakoura, and up to 722 ppb Au located 500 m southeast of the workings at Kabangoué North. Highest gold concentrations are not restricted to areas of known workings. Close correlation of anomalous zones with shallow soil geochemistry and a mapped fault bounded Birimian volcanoclastic unit. A total of 1,786 3-m composite deep soil auger samples from 11,556 m of drilling were analyzed over target area 1. Compass CEO, Larry Phillips, commented, “The initial results from the soil auger sampling program at Ouassada are highly encouraging, particularly as they demonstrate strong gold anomalism closer to the bedrock. They closely follow the known geological structures and lithologies for at least 12 km and correlate well with the previously reported shallow soil results. We continue to be very pleased with both the rate at which our field team has advanced our exploration program and especially the results we’re seeing in an area where several gold companies are now in production or are developing significant gold deposits.” Deep Soil Auger Sampling Subsequent to the Company’s April 3rd progress report relating to shallow soil geochemistry, the Company is pleased to report the first results of 1,786 composite deep soil auger assays, collected in the first of three broad prospective zones predominantly within the Ouassada permit (termed target areas 1, 2 and 3; target area 3 also continues onto the Sankarani permit). Target area 1 contained 893 sample points. The targets were identified by interpreting airborne geophysical data, the p...