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Compass Provides Update on Drilling at Sikasso Property in Southern Mali
TORONTO, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest round of explo
About this update from Compass Gold Corporation
[{"type":"text","content":" TORONTO, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest round of exploration drilling on the Ouassada and Faraba-Coura permits, Sikasso Property in Southern Mali. Highlights First 16 holes completed for 2,404 metres examining three target structures Samples from 16 holes sent for assaying – results pending Drill program continuing Compass CEO, Larry Phillips, said, “We are very pleased that we have been able to start drilling after the rainy season a few weeks earlier than last year. We are on track to achieving our immediate goals of completing two full fences of drill holes and getting the samples into the lab before Christmas. Our objective is to complete 13,000 metres of RC drilling by the end of April next year. We will be announcing the results of this initial drilling in tranches as we continue, beginning early in the New Year.” Dr. Madani Diallo, Compass’s Exploration Manager, added, “It is exciting to be able to return to drilling some of the numerous targets we have identified over the past two years. Our team is off to a good start with the drilling and the Capital Drilling team has maintained a healthy pace of one hole per day, demonstrating the importance of having an experienced team with quality equipment. We also welcome SEMAFO’s technical team, which has provided useful input in the positioning of the first drill lines.” The aim of the latest drilling is to test seventeen exploration targets along the Farabakoura Trend (see Figure 1), a 15-km long and 2-km wide zone of anomalous gold in shallow soil samples, and abundant artisanal gold workings adjacent to the Siekorole Shear Zone. The Boumban Central prospect has been drilled by two fences of eight reverse circulation (RC) drill holes that total 2,404 m. The drilling was designed to provide information on the geology of this concealed area, including rock types, major cross-cutting faults, and most importantly, mineralization associated with the Siekorole Shear Zone and associated northeast-trending (OURC49-56) and northwest-trending structures (OURC57-64) shown to control high-grade mineralization at Farabakoura. Samples have been dispatched to the assay lab, and results are pending. The drill rig has now been moved on to the Farabakoura artisanal workings to...