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Compass Gold: Drilling at Farabakoura Intersects 32 m @ 3.02 G/T Gold
TORONTO, May 15, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed exp
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, May 15, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali. Highlights Completed 13 reverse circulation (RC) drill holes at Farabakoura artisanal workings, totalling 1,928 m Intercepted gold mineralization in three holes, increasing the known strike length of the mineralized system to 500 m, which remains open along strike Visible gold noted in RC chips (OURC017) Best interval: 32 m @ 3.02 grams per tonne (g/t) gold (Au) from 24 m, including 6 m @ 10.21 g/t Au 3,000 m drilling program is planned at Farabakoura to test additional targets Compass CEO, Larry Phillips, said, “This latest drilling has extended our primary target zone, the Farabakoura Pit Zone, to a length of over 500 m, and the structure remains open to the southeast. We now have a clearer understanding of the rock types and structures that are the main controls on mineralization. We will use this information to drill additional targets underlying the extensive Farabakoura artisanal workings. A 3,000 metre drill program with our strategic partner, Capital Drilling, will commence immediately.” Farabakoura Reverse Circulation Drilling Results As previously announced (see Compass news release dated May 8, 2019), the Company recently completed a 1,928-m RC drilling program over selected geophysical targets at the Farabakoura artisanal workings on the Ouassada permit (see Figure 1). Drilling focused on two parallel NW-trending structures, termed the Farabakoura Pit Structure, and the Kabangoué Structure, as well as the east-west trending Farabakoura East Structure. The thirteen drill targets were selected based on data from a ground magnetic survey, an induced polarization (IP) survey, and previous drilling results. Drilling was performed by Target Drilling (Bamako, Mali), and samples were collected for fire assaying by SGS (Bamako, Mali). Six holes (OURC012 - OURC016, and OURC018) were drilled along the presumed northwestern extension of the Farabakoura Pit Structure, without encountering any significant mineralized intersections. Minor (< 0.6 g/t Au) gold mineralization was noted in three of the drill holes and the results are presented at...