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Compass Gold: RC Drilling Intercepts 7 m @ 15.58 g/t Gold at Farabakoura
TORONTO, July 29, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the ongoing exploration d
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, July 29, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the ongoing exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali. Highlights Latest reverse circulation (RC) (23 RC drill holes, totalling 3,339 m) and diamond drilling program completed at Farabakoura artisanal workings Best interval: 7 m @ 15.38 grams per tonne (g/t) gold (Au) from 111 m (OURC030), including 1 m @ 60.56 g/t Au Intercepted gold mineralization in nine holes, increasing the known strike length of the mineralized system to 770 m 995 m diamond drilling program completed at Farabakoura designed to test depth continuity of the mineralized system Compass CEO, Larry Phillips, said, “Our final RC drilling program for the season has successfully extended our primary target zone, defining gold mineralization over 770 m from the Farabakoura Pit Structure to the Creek Zone. Our understanding of this somewhat complex mineralized system increases with each hole drilled. With the pending results of the just completed diamond drilling program, we will be able to develop a more complete understanding of the structures, geology and style of mineralization in the system. These results will be used to supplement the extensive work we have conducted over the past 18 months in preparation for launching the next drill program in November, following the rainy season.” Farabakoura Reverse Circulation Drilling Results The results reported here relate to 12 holes (OURC027 to OURC038) drilled between June 5 and July 6, 2019, and totaling 1,658 m (see Figure 1). All drilling was performed by Capital Drilling Limited, and samples were collected and sent for fire assaying at SGS (Bamako, Mali). These holes were chosen as priority holes due to their location with the floodplain of the Karako creek and Lake Sélingué, and the lower water levels at the end of the dry season. If the holes were not drilled now, it would be April 2020 before the sites could have been tested. OURC027 was drilled on the north bank of the creek, with 5 holes drilled over 160 m and spaced 40 m apart, and a further 5 holes drilled 30 m southwest of the collar points to intercept mineralization down dip (i.e., at depths 50 m greater than the expected target depths)....