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Compass Gold: Latest Exploration Results on Kourou Permit Encourage Immediate Follow-Up
TORONTO, May 14, 2020 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed dri
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, May 14, 2020 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Samagouela prospect, located on the Company’s Sikasso Property in Southern Mali. Highlights Air core (AC) drilling at Samaguela (26 RC holes, 1,497 m) intersected gold mineralization at both ends of a 1.4 km interpreted fault zone Best interval was 10 m at 1.67 g/t Au (from 50 m), including 1 m @ 13.04 g/t Au (from 50m), with mineralization open at the base of the hole Drilling encountered gold mineralization 1.4 km south of the Samagouela artisanal workings, including 5 m at 1.93 g/t Au (from 53 m), with mineralization open at the base of the hole Shallow soil anomalism (with samples up to 4.03 g/t Au) present along interpreted fault Compass CEO, Larry Phillips, said, “Our initial bedrock drilling at Samagouela has identified gold mineralization associated with quartz veins adjacent to a large fault, and underlying extensive artisanal workings. Artisanal miners there have reported that they have used mechanical excavators to recover ‘significant’ amounts of gold. Our drilling along the same fault also intercepted gold mineralization 1.4 km to the south of the workings. The presence of anomalism up to 4.03 g/t gold in shallow soils samples is also highly encouraging for more bedrock gold mineralization.” “These results are further confirmation that our permit areas have the potential to host several large, near surface, mineralized zones, which was our core objective for this year’s exploration program. Based on these promising findings, we plan an additional 950 m of AC drilling at Samagouela next month, starting right after we finish the second round at our Tarabala prospect.” Samagouela Air Core Drilling Results Between April 9th and 17th, the Company completed 1,497 m of air core (AC) drilling over selected geophysical and geochemical targets on the northern portion of the Kourou permit (Figure 1). The drilling targeted a 1.5-km-long and 200-m-wide zone identified from ground geophysics, soil anomalism and the presence of artisanal workings. The workings cover an area of 200 m x 100 m, and depths up to 22.5 m. Artisanal miners reported in late 2018 that mechanical excavation of one area of the workings had recovere...