AMN - MALI: Farabo-Coura gold soil anomalies identified

Compass Gold has delineated discrete gold soil anomalies along strike from the Farabakoura workings on Faraba-Coura permit of the Sikasso property in southern Mali. Three zones of up to 1km have been identified over a distance of 4.8km from a shallow soil survey and 2km along strike from the workings.

These anomalies are coincident with crustal-scale faults cutting intrusions and the results reinforce anomalies previously identified through wide-spaced, deep soil auger sampling.

A data review suggests that a similar style of gold mineralisation found at Farabakoura might also be present in the newly tested Boumban area.

Compass CEO Larry Phillips said: "While drilling progressed at Farabakoura, our field teams continued exploring other target areas on our adjacent Faraba-Coura permit.

"Combining the results of this latest work with our previous findings, we now have three robust targets for the next phase of bedrock drilling, which we intend to initiate later this year.

"While our primary focus remains on the gold workings at Farabakoura and Kabangou, it is also important to note that these promising target areas represent only a small fraction of our prospective total land holdings."

Between December 2017 and February 2018, Compass undertook a shallow soil sampling program over the Faraba-Coura and Ouassada exploration permits. From this work, three broad zones were selected for deep auger sampling to an average depth of 15 metres using a similar sample and grid spacing to the previous shallow soil program.

The auger sampling identified four single or double sample point anomalies over a distance of about 5km for future infill sampling.

Beginning in June 2019, Compass undertook an infill shallow soil sampling program, which consisted of 563 samples collected on a 100 x 100-metre grid.

Plotting the samples based on anomalism resulted in the delineation of the three areas - Boumban South, Central and North - which had been previously identified in the auger sampling, over a distance of 4.2km.

The Boumban South anomaly is about 850 metres in length, Boumban Central is 900 x 900 metres, and the Boumban North anomaly is 700 metres in length. The elevated gold concentrations in the Boumban soil samples is comparable to the samples collected from over the artisanal workings at Farabakoura, located between 2 and 3km along strike to the south-southeast.

Like the workings at Farabakoura, the eastern part of the Boumban Central anomaly is coincident with a strong north-south trending airborne electromagnetic (EM) anomaly.

This anomaly can be traced over 40km to the Komana East pit of the Yanfolila mine operated by Hummingbird Resources, suggesting that it might play an important role in the formation of gold mineralisation in the region.

Contemporaneous with the shallow soil survey, a detailed ground magnetic survey was also performed. This 50-metre line spaced north-south oriented survey was planned to provide higher resolution information on the bedrock geology than previously available.

Comparison between the geophysics and drilling information from Farabakoura, and the interpretation of the shallow soil and ground magnetic survey data at Boumban, suggest that a similar style of gold mineralisation might be present.

When ground conditions and access improve at the end of the rainy season, the priority will be to complete the ground magnetic grid over the Boumban Centre area and augment the survey with infill lines at a spacing of 25 metres.

Interpretation of this new data will determine the precise location of the reverse circulation bedrock drilling targets.

This drilling could start in November while the rigs are en route to the Farabakoura drilling targets.

www.compassgoldcorp.com