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Compass Gold Corp.
Summary
| Project: | Sikasso | |
|---|---|---|
| Deposit: | Farabakoura, Boumban Central | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 1/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-1-2020: Compass Gold Corp. announces an Exploration/Drilling Update report for its Farabakoura, Boumban Central deposit at the Sikasso project. Drilling results incl. 8m @ 1.17g/t Au from 33m. TORONTO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Compass Gold Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Sandy Archibald (Internal) | |
| ABSTRACT: | TORONTO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest exploration work at the Boumban Central and Farabakoura prospect areas, located on the Company’s Sikasso Property in Southern Mali (Figure 1). Compass CEO, Larry Phillips, said, “Based on these results, we believe the Compass team is onto a major gold-bearing trend, and we are excited to get on with the next stage of drilling.” He added, “Last year, our exploration work indicated the presence of a structural trend, extending more than 11 km to the north of our Farabakoura mineralized zone. These first drill holes on just a small portion of the 4.3 km Boumban Central target were located roughly 5 km north of the Farabakoura zone. The interpreted results suggest that the correct geology and structure for potentially hosting significant gold mineralization continues at least 5 km north along this major trend. The assay results on Boumban Central also show wide-spread, lower grade mineralization. “The additional drilling, 5 km to the south, within artisanal workings on the eastern side of the main Farabakoura Zone, also confirmed the presence of additional NE-trending mineralized structures within the overall NNW-trending Farabakoura Trend. Assay results from this drilling showed that significant mineralization extends to the east of the main Farabakoura zone. What is most exciting is that we have already identified nine large target zones along the Farabakoura Trend, which have yet to be drilled. This latest geological and structural information confirming the location of the Siekorole Shear Zone along our Farabakoura Trend will be invaluable in planning the next phase of drilling over the remainder of the 4.3 km strike length of the Boumban Central target zone, and across the other nine targets identified by our previous exploration work.” | |
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