Compass Gold Corp V.CVB

Alternate Symbol(s): COGDF

Metals & Mining Gold

Compass Gold Corporation is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties. The Company 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 approximately 1,173 square kilometers. The Sikasso Property consists of five prospecting permits covering an area of approximately 1,179 square kilometers and is located within the Sikasso Region of the Republic of Mali. The property is divided into the Yanfolila Block, consisting of the adjoining Ouassada and Sankarani permits in the north, and the adjoining Kourou and Tieoulena permits in the south. Its principal property interests include fourteen exploration permits, referred to as: Ouassada, Faraba-Coura, Sankarani, Sankarani Est, Moribala, Kourou, Tieoulena, Badogo, Lontola, Kale, Kapelegue, N’Tjila, Kourouferela, and Kouma.

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Compass Gold Corp

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Comment by investclubon Apr 13, 2011 10:36am

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Post# 18424290

RE: RE: Consider Acquisition of Shares of Africa M

This move by the company would insinuate that they have observed consistent good grades and depth in their preliminary groundwork of which we will more then likely see in another NR during the upcoming weeks. A move to acquire 49% can't be done on "gut" feeling there has to be something in the realm of material impact otherwise their offer will be deemed by shareholders as not only a waste of money but an attempt by management of Transocean Finance Pty Ltd. to pay themselves first.

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