AMN - MALI: Follow-up drilling starts at Farabakoura

Compass Gold Corp has started a follow-up drill program at the Farabakoura artisanal workings on the Ouassada exploration permit of its Sikasso property in Southern Mali. There will be at least 20 reverse circulation (RC) drill holes for a total of around 3,000 metres.

This drilling will test several structures based on known gold mineralisation, favourable geology and geophysical interpretation of ground magnetic data.

This will include testing of the Farabakoura Pit Structure onto the Kabangou prospect to extend the mineralised zone to 700 metres.

Bedrock drilling in December 2018 and January and April 2019 identified a broad northwest-trending zone of gold mineralisation over intervals up to 160 metres, including 60 metres at 1.42 g/t gold.

This drilling also found several discrete, shorter, but higher-grade intervals such as 13 metres at 3.40 g/t and the bonanza intercept of 18 metres at 20.69 g/t.

This mineralised zone was traced over a distance of 430 metres and remains open to the southeast.

The current drilling program at Farabakoura is designed to test several target structures and lithologies.

Compass has recently completed a high-resolution ground magnetic survey on the Sodala prospect in the Sankarani permit and field teams are now performing a survey at Selindian.

The teams have also recently completed surface sampling at Yanfolila South artisanal pits and the company is waiting for gold assay data.

Drilling is unlikely to occur at Sankarani or the Yanfolila South Block prior to the annual rains at the end of June.

Compass CEO Larry Phillips said: "This next 3,000-metre RC program at Farabakoura will be building on our previously successful drilling results as well as our geophysical surveys over this area of intense artisanal gold mining.

"Our near-term objective is to increase the strike length of known drilled mineralisation and to delineate the extent of bedrock gold mineralisation identified in the near-surface from numerous artisanal gold-bearing veins.

"At the same time, our technical team has completed a high-resolution ground magnetic survey on two prospects on our Sankarani permit area and we’re awaiting assay results from the surface samples they’ve collected from the Yanfolila South artisanal pits.

"We are looking to complete as much of this work as possible before the rainy season begins at the end of the month."

www.compassgoldcorp.com