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Compass Gold Corp.
Summary
| Project: | Sikasso | |
|---|---|---|
| Deposit: | Sikasso | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 9/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2017: Compass Gold Corp. announces a Supporting Acquisition report for its Sikasso deposit at the Sikasso project. Summary of property in support of acquisition. This report was commissioned by Compass Gold Corporation (“Compass”) with offices at Suit | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sandy M. Archibald (Aurum Exploration Services) | |
| ABSTRACT: | This report was commissioned by Compass Gold Corporation (“Compass”) with offices at Suite 1480, 800 West Pender St, Vancouver, BC V6C 2V6, Canada, and was prepared by EurGeol Dr. Sandy M. Archibald, P. Geo. The author is a “qualified person” who is “independent” of Compass Gold Corporation within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. As an independent geologist the author was asked to undertake a review of the available data and recommend (if warranted) further work on the five permits that comprise the Sikasso gold property (the “Property”). The purpose of this report is to summarize historic work carried out on these material properties towards an acquisition and fund raising. The Sikasso Property consists of five non-surveyed prospecting permits covering an area of approximately 1,179 km2 and is located within the Sikasso Region of the Republic of Mali. The Property is centred at 7° 08' 30" West and 10° 58' 00" North, and is divided into the Yanfolila Block, consisting of the adjoining Ouassada and Sankarani permits in the north (centred at 8° 15' 30" West and 11° 32' 30) North, and the adjoining Kourou and Tiéouléna permits in the south (centred at 8° 05' 10" West and 11° 07' 40). The Kalé permit is situated approximately 230 km east-southeast of the southern Yanfolila block permits, covering an area of approximately 250 km2 and centred at 5° 58' 40" West and 10° 22' 20. Kourou and Tiéouléna are currently owned by REM SARL, Ouassada and Kale by SERM SARL, and Sankarani by ML Commodities. All three companies are wholly owned subsidiaries of Mali Gold Exploration Pty Ltd (“MGE”). Compass Gold is using this report to acquire MGE through a reverse takeover, on a 0.6:1 share basis and limited transaction costs. | |
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