Compass Launches Follow-Up Drill Program at Tarabala Drilling Targeting Deeper Mineralization
Compass Launches Follow-Up Drill Program at
Tarabala
Drilling Targeting Deeper Mineralization
Toronto, Ontario--(Newsfile Corp. - March 8, 2023) -
Compass Gold Corp. (TSXV: CVB) (Compass
or
the Company)
reports that it has launched its previously announced follow-up drilling program on the
Tarabala Trend, which consists of reverse circulation drilling at the Tarabala artisanal workings on its
Sikasso Property in Southern Mali (Figure 1).
Highlights
An 800-m reverse circulation (RC) drilling program has begun on the Tarabala prospect
The drilling is focused on tracing the down-dip extension of wide zones of shallow gold
mineralization identified through earlier Air Core (AC), RC and diamond drilling.
Assaying will include cyanide extraction and metallic screen fire assay to accurately
determine the extent of nuggety gold previously noted on the Tarabala Trend
Compass CEO, Larry Phillips,
commented,
"This latest drill program is intended to determine the
down-dip extension and width of some of the gold mineralization we've already found at the Tarabala
prospect.
The different assay methods will also give us critical information on the degree of coarse gold
over the 450 m strike length being tested, and will show us which assay method gives the most accurate
results in these conditions.
Drilling is expected to take one week, and we will report the complete results
as soon as they are available."
Results from Previous Drilling and Sampling
Air Core (AC) drilling on the Tarabala Trend first identified bedrock gold at the Tarabala prospect in
April 2020 (Figure 1).
Subsequent drilling identified shallow gold mineralization at Massala West. This
confirmed the presence of a 4-km-long mineralized zone between Tarabala and Massala West (Figure
2).
To date, a total of 106 AC holes (4,972 m), 5 RC holes (530 m), and 5 diamond holes (563.6 m) have
been drilled at Tarabala over a distance of 1.5 km.
An additional 102 AC holes (6,047 m) and 11 RC
holes (1,056 m) have been completed at Massala West over 3 km.
The deepest drilling has only tested
the mineralized zone to a depth of 80 m from surface.
AC results at Tarabala included wide intervals of up to 16 m @ 1.51 g/t Au (from 16 m; SAAC02) and 17
m @ 0.73 g/t Au (from 18 m; SAAC109), and included higher grade sub-intervals such as 4 m @ 5.20
g/t Au (from 26 m; SAAC02) and 1 m @ 12.99 g/t Au (from 33 m; SAAC36).
Follow-up RC drilling at
Tarabala indicated that the mineralization continued at depth, but it was not tested deeper than 60 m.
The widest intercepts from the RC driller were 26 m @ 0.47 g/t Au (from 45 m; SARC001) and 25 m @
0.58 g/t Au (from 67 m; SARC003).
The best mineralization was identified in a 1-km-section of the 2.2
km-long mineralized Tarabala Fault.
Two kilometers further north, AC drilling identified two discrete mineralized zones greater than 550 m at
Massala West.
The northernmost zone contained the widest mineralized interval and the highest grade.
Drill hole SAAC123 contained 24 m @ 2.35 g/t Au (from 18 m), which included 1 m @ 26.80 g/t Au (from
35 m).
RC drilling in the two zones identified several mineralized intervals including the widest zone of 6
m @ 1.02 g/t Au (from 43 m; SARC010).
Owing to difficult drilling conditions caused by a higher than
expected water table, the subsequent RC drilling conducted at Massala West was unable to target the
main vein system at a depth of 80 m.
A resampling program of historic Compass RC chips (
see Compass press release, December 21,
2022
) indicated that coarse-grained ("nuggety") gold was likely present at Tarabala.
The nugget effect
was evidenced by the presence of higher grade mineralized intervals, e.g., 7 m at 14.13 g/t Au (inc. 1 m
@ 97.34 g/t Au), compared to an earlier result of 0.42 g/t Au, and previously barren intervals containing
gold, e.g., 1 m @ 0.92 g/t Au, compared to 0.01 g/t Au.
The latest drilling will specifically address the
nugget effect by employing two assay techniques.
Figure 1:
Location of drilled prospects and artisanal workings along the Tarabala and Masala faults.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1861/157598_b4f48eb7740599f3_001full.jpg
Figure 2:
Summary of drilling on the Tarabala Trend and the location of the planned RC drill holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1861/157598_b4f48eb7740599f3_002full.jpg
Next Steps
The 800-m-RC drilling program at the Tarabala prospect began on March 7.
Drilling is focussing on
determining the nature of the gold-bearing quartz veins (width, grade, orientation, and mineralogy) at
depths of 50 to 155 m from surface.
The results will be used to plan further deeper drilling in May. It is
hoped that the information gleaned from these programs will enable preparation for a potential resource
definitional drilling program later in 2023.
Two types of gold assaying will be performed on the RC chip samples.
The first is a cyanide-leach
('LeachWELL') assay that will quickly determine gold content over the entire length of the hole.
Any gold
mineralized zones identified will be further tested by metallic screen fire assay.
This technique is
designed specifically to ensure all coarse-grained gold is identified and analysed.
These assay
techniques will accurately determine whether nuggety gold is present in new drilling samples, and which
technique will be the most reliable as the technical team moves forward with additional exploration and
resource definition drilling.
Technical Details
All RC holes at Tarabala are being drilled on an azimuth of 270° (towards the west), at dips of 55°.
Hole
lengths vary from 120 m to 200 m.
Drilling is being performed by FTE Drilling, a Canadian company with
a Malian subsidiary.
All samples will be prepared by Compass staff and an appropriate number of
standards, duplicates and blanks will be included when the samples are submitted for cyanide leach
(LeachWELL) analysis at ALS (Ouagadougou, Burkina Faso), and later metallic screen fire assay at
SGS (Bamako, Mali).
About Compass Gold Corp.
Compass, a public company having been 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 supervision of
Dr. Sandy Archibald, P.Geo, 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."
Qualified Person
This news release has been reviewed and approved by EurGeol. Dr. Sandy 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 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
Larry Phillips - Pres. & CEO
T: +1 416-596-0996 X 302
Compass Gold Corporation
Greg Taylor - Dir. Investor Relations & Corporate Communications
T: +1 416-596-0996 X 301
Website:
www.compassgoldcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/157598