- Compass (CVB) confirms strike potential and depth extension of gold mineralization at Massala West
- 1,400 m of air-core (AC) drilling is also planned at the new Tarabala South target
- Previously reported drilling results from Massala West indicated a 1.8 km zone of shallow mineralization
- The initial drilling was on 200 m fence spacings
- The current drilling program comprised 68 AC holes (4,042 m) that were designed to infill the known mineralization
- Compass Gold Corp. (CVB) is up 5.71 per cent and is trading at C$0.18 at 11:41 am ET
Compass Gold Corp. (CVB) reports the results of the latest drilling at the Massala West prospect on the Tarabala Trend.
The company has also provided an update of planned drilled on the Sikasso Property in Southern Mali
Latest AC drilling at Massala West confirms gold mineralization over three kilometres along the Tarabala Trend Preparing to initiate approximately 4 thousand metres of deeper RC drilling at the Massala West and Tarabala prospects when the rains stop in late October.
1,400 m of air-core (AC) drilling is also planned at the new Tarabala South target. Drilling results are pending from the Southern and Extension zones at Massala West, and the newly identified Dalaba prospect.
Compass CEO, Larry Phillips said,
“Our latest drilling on the Tarabala Trend has uncovered shallow gold mineralization with promising grades over 3 km at Massala West.”
He added,
“As we continue towards our goal of discovering a gold deposit with the commercial size and grade potential to become a mine, these latest near-surface results are very encouraging.”
Previously reported drilling results from Massala West indicated a 1.8 km zone of shallow mineralization associated with the north-south trending Tarabala fault.
The initial drilling was on 200 m fence spacings and the results were reassuring: 24 m @ 2.35 g/t Au (SAAC123); and 21 m @ 0.86 g/t Au including 6 m @ 1.67 g/t Au.
The current drilling program comprised 68 AC holes (4,042 m) that were designed to infill the known mineralization, extending the structure 1.4 km to the north, and test a splay fault 750 m to the west at Dalaba. The assay results from 23-holes (1,349 m) at Dalaba and the northern extension are pending.
A total of 3,000 m of RC and diamond drilling will take place over a distance of 1 km at the Tarabala prospect, where drilling in February 2021 recorded wide intercepts of gold mineralization, e.g., 25 m @ 0.58 g/t Au (from 67 m). Drilling pad preparation is underway and will be completed in time for the anticipated start of drilling after the rainy season.
Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property.
Compass Gold Corp. (CVB) is up 5.71 per cent and is trading at C$0.18 at 11:41 am ET.
