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Compass Gold: First Results from Metallic Screen Fire Assay Testing Reveals High-Grade Intercepts Along Tarabala Trend
TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (“Compass” or the “Company”) is pleased to report that the retesting of drilling inte
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (“Compass” or the “Company”) is pleased to report that the retesting of drilling intervals from eight drill holes has returned significantly higher gold grades compared to previous fire assay testing from the Tarabala and Massala prospects, located on the Company’s Sikasso Property in southern Mali (Figure 1). Highlights Metallic screen assay testing of historic samples confirmed the presence of coarse-grained (nuggety) gold mineralization Significantly higher grades were seen in samples from Tarabala, including: 7 m at 14.13 g/t Au (inc. 1 m @ 97.34 g/t Au), compared to an earlier result of 0.42 g/t Au Previous barren interval returned the presence of gold 1 m @ 0.92 g/t Au, compared to 0.01 g/t Au Preparing to start new drilling program to confirm grade and thickness of mineralized zones at Tarabala and Massala using metallic screen assaying Compass Gold CEO, Larry Phillips, said, “These new results show that the metallic screen assay technique will be an important tool for our team early next year as they work to better define nuggety gold mineralization within our permit areas along the major Tarabala trend. The next round of drilling there will focus on gathering larger samples from near and below the previously drilled areas where the “nugget effect” led to the under-reporting of gold mineralization. This program, which we will launch in January, will be funded through our current Private Placement offering.” Technical Director, Dr. Sandy Archibald, P.Geo., added, “Based on the positive results of the metallic screen assay study, our next 2,600-metre RC and diamond drill program at Tarabala will target the continuation of deeper, down-dip mineralization found during the previous drilling within the fresh rock. To ensure the most accurate results, we will combine reverse circulation and diamond drilling followed by metallic screen fire assaying to fully test these areas. We anticipate we will identify gold mineralization that could be used towards a potential maiden resource.” Background As previously announced, (see news releases dated August 29 and September 29, 2022), the Company’s technical team believes that the variable gold concentrations intercepted on the Tarabala and Moribala trends may be due to the presence of coars...