AMN - MALI: Survey work and auger drilling at gold permits

Compass Gold Corp is undertaking a geophysical survey and infill auger drilling on its Ouassada and Sankarani gold exploration permits in southern Mali. This work is advancing ahead of the wet season.

Fieldwork on five induced polarisation (IP) survey lines, totalling 18 kilometres, has started to cover the deep auger soil sampling anomalies previously identified on the Ouassada permit.

A deep auger soil sampling program has been initiated over the Sodala shallow soil anomaly on the Sankarani permit.

There are 7,521 shallow soil samples from priority areas at Kalé, Kourou, Tiélouléna and infill areas at Sankarani at the assay laboratory

Deep drilling targeting studies are ongoing, which will be finalised when the IP and auger drilling programs are completed in July.

Compass CEO Larry Phillips said: “We are pushing to complete our exploration work on our Sikasso property area prior to the rainy season.

"The deep soil auger drilling program at Sodala will aid our understanding of this exciting new gold target and provide valuable information about the extent of the near surface mineralisation.

"We will use the information gathered from this near-surface work as well as the current IP survey on Ouassada to help refine our initial bedrock targets, which we plan to begin drilling in October.

"The drilling will help determine the nature, grade and extent of the gold mineralisation in the bedrock.

"We are also eagerly anticipating the results from our shallow soil sample programs from Kalé, Kourou and Tiélouléna, as these relatively under-explored permits contain numerous geophysical and structural targets identified from recent studies.”

The IP survey over target area 1 on the Ouassada permit was started on June 11 by Mali-based geoscience consultants EurekaGeo.

This survey consists of five east-west trending lines that vary in length from 2 to 4.5km and is centred on the 12.5km long zone of anomalous gold geochemistry and is underlain by 3.4km of sporadic artisanal gold workings at the southern extension of the anomaly.

The purpose of the survey is to identify areas of enhanced conductivity, which typically indicate the presence of disseminated sulphides or faults, both features that are important for the formation of gold mineralisation.

The 97-hole deep soil auger drilling program was initiated at the Sodala anomaly on June 11.

This program is being undertaken by a private Mali-based drilling company and consists of three lines, 1km apart and at a sample spacing of 50 metres.

It aims to determine the depth continuity of an area of extreme gold in soil anomalism, where four samples contained 31.30, 10.10, 2.49 and 0.50 g/t gold over a distance of 1km.

Weather permitting, an additional east-west orientated deep soil auger line will be drilled in the centre of the Sodala shallow soil infill-grid.

The purpose of this deep sampling program is to confirm the presence of gold to a depth of approximately 10 metres at Sodala and remove the possibility that all of the shallow soil results are due to the presence of gold derived from the previously undocumented gold workings in the area.

Additional auger drilling will be performed in the December quarter in the area, but if encouraging gold grades are encountered during the present auger program at Sodala, then the bedrock drilling program could be accelerated.

www.compassgoldcorp.com