Confirms Down-Dip Extension of Gold Mineralization TORONTO, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed diamond drilling at the Tarabala prospect, located on the Company’s Sikasso Property in Southern Mali (Figure 1).
Highlights
- Drilling at the Tarabala prospect tested 400 m of a 1,000 m zone, a pronounced, broad, shallow gold target, associated with a shear zone
- Higher-grade mineralized zones intercepted within wide zones of low-grade mineralization; remains open down-dip
- Widest interval of low-grade mineralization was 32 m at 0.33 g/t Au (from 61 m), including 0.5 m @ 4.07 g/t Au (from 85 m)
- Best interval: 17 m at 0.96 g/t Au (from 101 m), including 3 m @ 3.36 g/t Au (from 108 m)
- Highest-grade interval: 1 m @ 19.81 m (from 31 m)
- Deep soil auger drilling has just been completed on a southern extension of the Tarabala Trend within the newly acquired Moribala permit
Compass CEO, Larry Phillips, said, “Our deeper drilling on the Tarabala prospect has intercepted wide intervals of low-grade mineralization punctuated with some much higher gold grades. Although these sections have not demonstrated the continuity required for a standalone, open-pittable gold resource, we remain confident that the Tarabala Trend has strong potential to host a concentrated zone of mineralization. We have acquired the right to explore approximately an additional 6.5 kilometres of this trend. Dr. Madani and his team have just finished an auger drilling program on our new Moribala permit, where shallow soil sampling during the summer returned a gold assay of 43.6 g/t Au. This is one of the highest recorded gold grades from southern Mali, located just 10 km to the south of the Tarabala target zone.”
Dr. Sandy Archibald, PGeo, Technical Director, added, “I am gratified to see that our deeper drilling at the Tarabala prospect has revealed both wide and higher-grade zones mineralized zones, underlining the potential associated with the Tarabala shear zone. Our focus is now on recognizing other parts of the fault system that are highly prospective geologically. We think we have found this at Moribala. Initial geological mapping and shallow soil sampling have identified three areas that require immediate follow-up deep soil sampling and ground geophysics. I eagerly await the soil auger results, which are expected within about two weeks.”
About Compass Gold Corp.
Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX-V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 km2. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”
www.compassgoldcorp.com
https://www.globenewswire.com/news-release/2021/12/06/2346454/0/en/Compass-Confirms-Down-Dip-Extension-of-Gold-Mineralization-at-the-Tarabala-Prospect.html