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Compass Gold: Drilling Intercepts Bedrock Gold Zones 380 m Apart Under Artisanal Workings, Ouassada
TORONTO, March 05, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the progress of the expl
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, March 05, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the progress of the exploration drilling on the Ouassada exploration permit on its Sikasso Property in Southern Mali. Highlights Three new reverse circulation (RC) drill holes totalling 406 meters (m) were completed on the Farabakoura artisanal workings Gold mineralization identified in all three holes Bedrock gold zones identified 380 m along strike from previous drilling Best intercept was 13 m @ 3.40 grams per tonne (g/t) gold within a broad zone of gold mineralization of consisting of 60 m @ 1.42 g/t Au Compass CEO, Larry Phillips, said, “I am excited to report that our most recent drilling at the Farabakoura artisanal gold workings has revealed a broad mineralized zone containing two distinct zones in the northwest and three more along the targeted mineralized trend to the southeast. As a result, we are planning more drilling to help determine the extents of continuity and additional strike length of the system. Further, our current field geophysics program on the Ouassada permit will help refine our bedrock drilling targets.” Farabakoura Drilling The assay results received from these latest three RC holes (OURC009-011*) are in addition to the results from the six RC drill holes, totaling 710 m, completed at the Farabakoura artisanal workings in December (see Figure 1 above and Compass news release dated January 10, 2019). The purpose of these three holes was to: test for the possible presence of additional gold mineralized zones identified in drill hole OURC004; determine whether bedrock mineralization was present along strike; and, ascertain the nature of the bedrock lithologies (rock types.) OURC009 was drilled close to the collar point of OURC001. The hole was 130 m in length, and was designed to intersect an area of extensive artisanal gold workings and determine if mineralization formed a third zone parallel to mineralization noted in OURC004. The assay results (Table 1) indicated that a broad mineralized zone was encountered (13m @ 1.16 g/t Au from 40m), which contained two discrete zones of higher-grade mineralization. This zone appears to correlate with the second zone present in OURC004 and is the focus of the artisanal activity noted...