AMN - MALI: Drilling completed at Farabakoura

Compass Gold Corp has improved its knowledge of the Farabakoura target area within its Sikasso property in southern Mali through drilling. A detailed ground magnetic survey has also been completed over an area of 3sqkm centred on the Kabangue artisanal workings.

This work forms part of ongoing exploration activity on the Yanfolila North and Yanfolila South blocks.

The company planned to conduct around 1,000 metres of additional drilling at the extensive Farabakoura artisanal site. The focus was to test two parallel NW-trending structures, termed the Farabakoura Pit Structure, and the Kabangue Structure, and the general east-west trending structure termed the Farabakoura East Structure.

Drilling targets were based on the interpretation of geophysical survey data and previous drilling results.

The company was able to extend this program to include a total of 13 new RC holes for a total length of 1,928 metres.

Results will be announced once the final assays are received from the laboratory and they pass appropriate industry QAQC protocols.

At Kabangue artisanal workings the north-south orientated grid is at a line-spacing of 50 metres and will provide resolution to help plan the next phase of drilling.

A 60-line-km IP survey on the Ouassada and Faraba-Coura permits is nearing completion. The survey covers the 15 undrilled targets identified by airborne geophysics and corresponding deep auger geochemistry over a distance of 14km.  The remaining 12-line-km of the survey is expected to be completed within the next two weeks.

Compass CEO Larry Phillips said, "We have completed our latest round of drilling at Farabakoura, which has advanced our knowledge of this target area. "Assays are pending for the last four of the 13 holes drilled, and we expect to be able to release them within the next 10 days.

"In the meantime, our technical team has been busy performing a number of geophysical and geochemical surveys. The results of all of this work will be used to finalise our next drilling program on the Ouassada and Faraba-Coura permits, which we expect to begin before the end of this month."

Field teams are continuing to perform sampling of artisanal pit reject samples at the nine artisanal gold sites on the Yanfolila South block, and assay results will be released once this program is complete.

To date, about 1,500 samples have been collected and analysed, with additional assay results arriving bi-weekly. It is anticipated that limited bedrock drilling can take place on some of these workings prior to the beginning of the rainy season in late June.

www.compassgoldcorp.com