COMPASS COMPLETES FIRST DIAMOND DRILL HOLES AT TARABALA PROSPECT First Results Expected in Early December
COMPASS COMPLETES FIRST DIAMOND DRILL HOLES AT
TARABALA PROSPECT
First Results Expected in Early December
Toronto, Ontario, November 4, 2021 – Compass Gold Corp. (TSX- V: CVB) (Compass or the
Company) announces that it has completed the first diamond drilling program at the Tarabala
prospect on its Sikasso Property in Southern Mali (Figure 2).
Highlights
● Completed four diamond drill holes for a total of 520 m
● Core is being logged for geological information and sampled for gold
● Results for all drill holes are expected in 4-5 weeks
Compass CEO, Larry Phillips, commented, “We have completed our planned diamond drilling at
our Tarabala prospect. This drilling has focused on characterizing the gold mineralization
previously identified in quartz veins by shallow air core and deeper reverse circulation drilling
beneath the artisanal workings there. The core is currently being studied in preparation for
sample selection, and the first assay results are expected in early December. If they are positive,
our main 2,000 m reverse circulation drilling program will begin by late December.”
Compass Exploration Manager, Dr. Madani Diallo , added, “ I am happy to report that we have
intersected the specific structures that we have targeted with this deeper diamond drilling, which
contain quartz veins with pyrite. The drill target is beneath an area with higher gold
mineralization, that was identified previously with shallow soil geochemistry and shallow air core
drilling. Now, we await the critical assay results that will determine the degree of gold
mineralization present, which will help us to focus the location of the planned next phase of
drilling on the 1,000 m long Tarabala prospect.”
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Figure 1: Summary drilling results on the Tarabala Trend and the location of the completed diamond drill
holes.
Next Steps
The 520-m-diamond drilling program at the Tarabala prospect started on October 16th and was
completed on November 3rd. Due to unsatisfactory core recovery from the top portion of one of
these holes, an adjacent 40-m twin hole will be drilled shortly to provide a complete record of this
profile. This drill program was aimed to determine the critical characteristics of the p reviously
identified (See Compass news releases dated March 1 st, March 16 th, and May 18 th, 2021) gold-
bearing quartz veins (width, grade, orientation, and mineralogy) at depths of 60 to 120 m from
the surface . Once the core has been logged and key structural measurements collected and
interpreted, it will be assayed to determine the degree of mineralization. These laboratory results
are expected in early December . All the information will be used to finalize the location of an
additional 2,000 m of planned deep RC holes later in December, over the 1,000 m strike length of
the Tarabala prospect.
Additional geochemical sampling and geophysical surveys are continuing on the other exploration
permits within the Sankarani property.
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Figure 2: Property map showing the location of the Tarabala prospect.
Technical Details
Three oriented diamond core holes at the Tarabala prospect were drilled on an azimuth of 270°
(towards the west) and oriented one hole at 195° (SSW) , all at dips of 55 °. Hole lengths varied
from 78.7 m to 150 m. Three holes were designed to test mineralization associated with the main
Tarabala Fault , and one hole to test potential mineralization interpreted to form at the
intersection between the main Tarabala Fault and a smaller (and later) east -west trending fault.
Drilling was performed by FOARACO (Mali). All logging was performed by Compass staff with the
assistance of Dr. Karel Maly, PGeo, from Aurum Exploration Services. Compass staff will perform
sampling, and samples will be analysed for gold at SGS (Bamako, Mali) by fire assay.
About Compass Gold Corp.
Compass, a public company incorporated into Ontario, is a Tier 2 issuer on the TSX - V. Through
the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits
located in Mali that comprise the Sikasso Property. The exploration permits are located in three
sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is
located in the same region as several multi-million-ounce gold projects, including Morila, Syama,
Kalana and Komana. The Company’s Mali- based technical team, led in the field by Dr. Madani
Diallo and under the supervis ion of Dr. Sandy Archibald, PGeo, is conducting the current
exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s
August 2017 “National Instrument 43 -101 Technical Report on the Sikasso Property, Southern
Mali.”
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Qualified Person
This news release has been reviewed and approved by EurGeol. Dr. Sandy Archibald, PGeo,
Compass’s Technical Director, who is the Qualified Person for the technical information in this
news release under National Instrument 43-101 standards.
Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws,
including statements regarding the Company’s planned exploration work and management appointments.
Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and
developments may differ materially from those contemplated by such information. The statements in this
news release are made as of the date hereof. The Company undertakes no obligation to update forward‐
looking information except as required by applicable law.
For further information please contact:
Compass Gold Corporation Compass Gold Corporation
Larry Phillips – Pres. & CEO Greg Taylor – Dir. Investor Relations &
Corporate Communications
[email protected] [email protected]
T: +1 416-596-0996 X 302 T: +1 416-596-0996 X 301
Website: www.compassgoldcorp.com
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