COMPASS GOLD UPDATE: SIKASSO EXPLORATION PROGRAM IN SOUTHERN MALI Completed 3,611 Metres in First Month of Drilling
COMPASS GOLD UPDATE: SIKASSO EXPLORATION PROGRAM IN
SOUTHERN MALI
Completed 3,611 Metres in First Month of Drilling
Toronto, Ontario, January 15, 2018 – Compass Gold Corp. ( TSX-V:CVB) (Compass or the
Company) is pleased to provide a one-month update on its previously announced gold
exploration program on its Sikasso Properties in Southern Mali (see Compass news release
dated Dec. 18, 2017).
Dr. Madani Diallo, Compass’s Exploration Manager, and his team of four local geologists,
initiated a new exploration program in early December 2017. They are examining the first
priority anomaly target identified on the Ouassada property, part of the Yanfolila permit block
in the northwestern portion of Compass’s property area (see map below). This is the first of 35
near-surface gold targets the Company plans to examine on its properties during 2018.
This first targeted a nomaly, which was previously identified by Dr. Diallo and his team and
partners, primarily through the interpretation of high-resolution airborne geophysics, covers an
area of approximately 60 sq. km. Since the first drilling rig was mobilized to the site in mid-
December, 295 auger holes have been drilled for a total of 3,611 m. A second auger drill was
mobilized on December 28 th. It is anticipated that approximately 600 auger holes will be drilled
on this first target to an average depth of 15 m, for a total of some 9,000 m of drilling.
The objective of this first stage of the drill program is to explore the 12 broad gold targets
previously identified on the Ouassada permit area. This work will be combined with a
geochemical and auger drilling orientation survey to determine the most efficient method of
assessing geophysical and geochemical targets in the permits. Compass is also prepared to
initiate a follow-up reverse circulation (RC) drill program on the most promising auger
geochemistry targets based on drill results.
As at January 9th, a total of 2,831 samples (including an appropriate number of international
standard reference material samples) have been sent for assay to the SGS laboratory in Mali.
Compass expects to report the first assay results before the end of February.
Compass CEO, Larry Phillips, said, “It is extremely gratifying that we have been able to bring together
such an experienced field team in Mali, including the key members of the group that helped to build
our solid inventory of gold targets. With our recent successful financing in hand to support their
exploration efforts, we look forward to keeping our investors informed of our progress during what
should be a very exciting 2018.”
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Added Compass Director and Exploration Manager, Dr. Madani Diallo, “We are pleased with the
progress that we have achieved in our first month of exploration since the Company’s
reorganization. We plan to continue aggressively examining each of our targets and to seeing what
they reveal in an area that we know is rich with gold.”
About Compass Gold Corp.
Compass, a public company having been continued into Ontario, is a Tier 2 issuer on the TSX-V.
Through the recent 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 1,179 sq.
km. The Sikasso Property is located in the same region as several other multi -million ounce
gold projects, including Morila, Syama, Ka lana and Kodieran. The Company’s Mali -based
technical team, led in the field by Dr. Diallo and under the supervision of Dr. Sandy Archibald ,
P.Geo, is initiating a new exploration program. Th ey are examining the first of at least 35 gold
targets noted for further investigation in Dr. Archibald’s August 2017 “National Instrument 43-
101 Technical Report on the Sikasso Property, Southern Mali.
Qualified Person
The technical information in this news release has been reviewed and approved by Dr. San dy
Archibald, P.Geo, 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 informat ion" within the meaning of applicable securities
laws, including statements regarding the Company’s planned exploration work and management
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appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual
results and d evelopments 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 l aw.
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: +1 416-648-4767 T: +1 416-605-5120
Website: www.compassgoldcorp.com
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