Business
Compass Gold Launches Latest Drill Program on Farabakoura Artisanal Workings
TORONTO, June 12, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has started its follow-up drill program at
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, June 12, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has started its follow-up drill program at the Farabakoura artisanal workings on the Ouassada exploration permit on its Sikasso Property in Southern Mali. Highlights Initiated first of at least 20 reverse-circulation (RC) drill holes, totalling 3,000 m at Farabakoura Testing several structures based on known gold mineralization, favourable geology and geophysical interpretation of ground magnetic data Testing of Farabakoura Pit Structure onto the Kabangoué prospect to extend mineralized zone to 700 m Completed high-resolution ground magnetic survey on the Sodala prospect in the Sankarani permit and surface sampling at Yanfolila South artisanal pits Compass CEO, Larry Phillips, commented, “This next 3,000 m RC program at Farabakoura will be building on our previously successful drilling results as well as our geophysical surveys over this area of intense artisanal gold mining. Our near term objective is to increase the strike length of known drilled mineralization, and to delineate the extent of bedrock gold mineralization identified in the near-surface from numerous artisanal gold-bearing veins. At the same time, our technical team has completed a high-resolution ground magnetic survey on two prospects on our Sankarani permit area and we’re awaiting assay results from the surface samples they’ve collected from the Yanfolila South artisanal pits. We are looking to complete as much of this work as possible before the rainy season begins at the end of the month.” Farabakoura DrillingBedrock drilling conducted by Compass in December 2018, and January and April 2019 identified a broad northwest-trending zone of gold mineralization over intervals up to 160 m (OURC011; 60 m @ 1.42 grams per tonne (g/t) gold (Au). This drilling also found several discrete, shorter, but higher-grade intervals, (13 m @ 3.40 g/t Au (OURC011), and the bonanza intercept of 18 m @ 20.69 g/t Au (OUDD001). This mineralized zone was traced over a distance of 430 m between OURC002 and OURC011, and remains open to the southeast. The current drilling program at Farabakoura (see Figure 1) is to include at least 20 drill holes (3,000 m) and is designed to test several target structures and lithologies. These tar...