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Compass Gold: Discrete Gold Soil Anomalies Delineated Along Strike From Farabakoura Workings
TORONTO, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on exploration activity on t
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on exploration activity on the Faraba-Coura permit, Sikasso Property in Southern Mali. Highlights Three discrete gold zones (up to 1 km) identified over a distance of 4.8 km from a shallow soil survey, and 2 km along strike from Farabakoura gold workings Anomalies are coincident with crustal-scale faults cutting intrusions Results reinforce anomalies previously identified through wide-spaced, deep soil auger sampling Data review suggests a similar style of gold mineralization found at Farabakoura might also be present in newly tested area (Boumban) Compass CEO, Larry Phillips, said, “While drilling progressed at Farabakoura, our field teams continued exploring other target areas on our adjacent Faraba-Coura permit. Combining the results of this latest work with our previous findings, we now have three robust targets for the next phase of bedrock drilling, which we intend to initiate later this year. While our primary focus remains on the gold workings Farabakoura and Kabangoué, it is also important to note that these promising target areas represent only a small fraction of our prospective total land holdings.” BackgroundBetween December 2017 and February 2018, Compass undertook a shallow soil sampling program over the Faraba-Coura and Ouassada exploration permits. Samples were collected with a sample spacing of 100 m, a line spacing of 500 m, and to depths of 60 cm. From this work, three broad zones were selected for deep auger sampling to an average depth of 15 m using a similar sample and grid spacing to the previous shallow soil program. The auger sampling identified four single or double sample point anomalies over a distance of approximately 5 km for future infill sampling. Boumban Soil Anomalies Beginning in June 2019, Compass undertook an infill shallow soil sampling program, which consisted of 563 samples collected on a 100 x 100 m grid. (Samples on the original 500 m spaced lines were not duplicated.) All samples were analyzed for gold using fire assay conducted at SGS (Bamako), and the results were combined and plotted with the previous permit-wide samples (Figure 1). Simple statistical analyses were performed on the data to determine the degree of sample anomalism. (Generally, in M...