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Compass Gold: RC Drilling Confirms East-West Structures at Farabakoura
TORONTO, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the remaining RC explorat
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the remaining RC exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali. Highlights Assay results from the final 11 reverse circulation (RC) drill holes (totalling 1,522 m) from the Farabakoura artisanal workings Drilling primarily conducted to test east-west trending vein structures and provide geological information Best interval: 8 m @ 1.20 grams per tonne (g/t) gold (Au) from 24 m (OURC040) All fieldwork has now ceased on the property due to the start of the rainy season Compass CEO, Larry Phillips, said, “These final RC drilling results at Farabakoura have confirmed that gold is present in east-west trending veins associated with late faulting, and previous drilling indicates the best mineralization is located at the contact between intrusive rocks and the surrounding country rock along a northwest-southeast trend. Meanwhile, we eagerly await the assay results of our recent diamond drilling on the Creek Zone to add to our understanding of this already extensive mineralized zone. We look forward to fully utilizing all of the data we’ve gathered over the last nine months during our next phase of drilling, scheduled to begin in November.” Farabakoura Reverse Circulation Drilling Results The RC results reported here follow from the 12-hole, 1,658 m RC drilling reported in July (see press release dated July 29, 2019), which defined a 400-m long and up to 40-m wide zone of gold mineralization associated with the contact between a granodiorite intrusion and volcaniclastic rocks located on the banks of the Karako creek (“Creek Zone”). This Creek Zone is part of a semi-continuous zone of gold mineralization that is present over a distance of 760 m, and displays widths up to 60 m (grading 1.42 g/t Au, OURC011), and sporadic high-grade samples, including 4 m @ 83.9 g/t Au (OUDD001), which contained visible gold. In the current study, a total of 11 holes (OURC026, and OURC039-048) were drilled for a total of 1,522 m within 500 m of the Farabakoura artisanal pit workings (see Figure 1). Drill samples were sent for fire assaying at SGS (Bamako, Mali). The majority of the holes (OURC026, OURC039-042, and OURC04...