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Compass Gold: Ground Geophysics Identifies Potential Structures Under Ouassada Artisanal Workings
TORONTO, March 26, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the results of detailed
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, March 26, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the results of detailed ground geophysics performed on the Ouassada exploration permit on its Sikasso Property in Southern Mali. Highlights 1,600 m long target structure has been identified by ground geophysics underlying three artisanal working areas at Farabakoura Structure corresponds to gold mineralization identified in five bedrock drill holes Additional structures also identified in Farabakoura area Planning is underway for additional 1,000 m drill program around Farabakoura, and ground geophysical survey has started over coincident geophysical and geochemical targets on Ouassada and Faraba-Coura permits. Compass CEO, Larry Phillips, said, “Our recently completed ground geophysical surveys identified structures in the bedrock that correlated well with known zones of gold mineralization revealed from recent drilling, providing the latest support for our exploration efforts in this area. Next, we plan to initiate bedrock drilling as soon as possible to determine whether the structure is mineralized for the entire 1,600 m length that our ground geophysics has indicated the zone could extend.” Farabakoura Ground Geophysics Based on the results of recent drilling centred on the main artisanal gold workings at Farabakoura (Compass news releases dated January 10, and March 5, 2019), it was decided that two detailed ground geophysical orientation surveys would be performed in the area (Figure 1). These were Pole-Dipole frequency domain Induced Polarization (IP) and ground magnetic surveys. Both ground geophysical surveys were conducted by field personnel from EurekaGeo, a mineral exploration consultancy based in Bamako, Mali, and helped identify bedrock structures that are associated with the gold mineralization present at Farabakoura. The ground magnetic survey covered the whole area of known gold workings at Farabakoura, covering 120 line-km on a north-south orientation with 25 m line spacing. The IP survey consisted of six northeast oriented lines that varied from 400 m to 1,000 m in length, used a dipole spacing of 50 m, and had a ground penetration of up to 150 m. The data from both surveys were processed and interpreted by Jeremy S. Brett, M.Sc., P.Geo. (MPH Consulting Limited, Toronto...