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Compass Gold Corp.
Summary
| Project: | Sikasso | |
|---|---|---|
| Deposit: | Ouassada, Farabakoura | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 3/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-3-2019: Compass Gold Corp. announces an Exploration/Drilling Update report for its Ouassada, Farabakoura deposit at the Sikasso project. Drilling results incl. 60m @ 1.42g/t Au from 41m. The assay results received from these latest three RC holes (OURC0 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Sandy Archibald (Internal) | |
| ABSTRACT: | The assay results received from these latest three RC holes (OURC009-011*) are in addition to the results from the six RC drill holes, totaling 710 m, completed at the Farabakoura artisanal workings in December (see Figure 1 above and Compass news release dated January 10, 2019). The purpose of these three holes was to: test for the possible presence of additional gold mineralized zones identified in drill hole OURC004; determine whether bedrock mineralization was present along strike; and, ascertain the nature of the bedrock lithologies (rock types.) OURC009 was drilled close to the collar point of OURC001. The hole was 130 m in length, and was designed to intersect an area of extensive artisanal gold workings and determine if mineralization formed a third zone parallel to mineralization noted in OURC004. The assay results (Table 1) indicated that a broad mineralized zone was encountered (13m @ 1.16 g/t Au from 40m), which contained two discrete zones of higher-grade mineralization. This zone appears to correlate with the second zone present in OURC004 and is the focus of the artisanal activity noted in the northeast corner of the pit (Figure 1). Mineralization was present at the contact between granodiorite and a thin (9 m) interval of metagreywacke/metavolcaniclastic. A deeper third zone was not identified prior to the hole terminating at 130 m. | |
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