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Compass Gold: Geochemical Survey on First Sikasso Target Identifies Two Strong Shallow Gold Anomalies
TORONTO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the shallow soil geochemic
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the shallow soil geochemical survey program on the primary target within the Ouassada exploration permit on its Sikasso Property in Southern Mali (see Figure 1 below). Highlights Two parallel, northwest-trending gold anomalies identified over strike lengths up to 12 km and widths up to 1 km (see Figure 2 below). Highest soil samples contain 3,800 parts per billion (ppb) gold (Au) (3.8 grams per tonne (g/t) Au) 550 m north of artisanal workings at Farabrakoura, and 1,200 ppb Au from a surface nodular iron oxide 350 m west of the workings at Farabrakoura. Highest gold concentrations are associated with areas near current artisanal gold workings, although anomalous samples are not restricted to known workings. A total of 2,342 shallow geochemical samples were collected over the main target area on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb and 8 ppb for nodular iron oxide samples. Deep soil auger sampling continues on the primary target area while the near surface geochemistry teams move to the next target areas on the Ouassada and Sankarani permits. Compass CEO, Larry Phillips, commented, “The Compass technical team, led in the field by Dr. Madani Diallo, and overseen by our Technical Director, Dr. Sandy Archibald, has done an exceptional job of identifying two significant gold anomalies on our very first target. Returning these results at such an early stage in our exploration program clearly demonstrates the prospective nature of our properties. We all look forward to exploring the bedrock below these highly encouraging surface and near surface anomalies, while our team continues surface testing on our other targets across the Sikasso Property permit area.” Added Dr. Sandy Archibald, P.Geo, “There is a clear correlation between areas of known mineralization and the geochemical anomalies that this first program has revealed. Also, the lateral extent of the anomalous areas is suggestive of additional targets. We are awaiting the results from the auger drilling on the first target and, if we find that the near surface anomalies are also present at depth, we will bring forward our bedrock drilling program.” A total of 2,342 shal...