Compass Gold Launches Latest Drill Program on Farabakoura Artisanal Workings

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TORONTO, June 12, 2019 (GLOBE NEWSWIRE) -- orannounces that it has started its follow-up drill program at the Farabakoura artisanal workings on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

__________ True thicknesses are interpreted as 60-90% of stated intervals.

Compass’ field teams have recently completed a high-resolution ground magnetic survey on the Sankarani permit  at Sodala and Tarabala prospects, and are now performing a survey at Selindian (Figure 1).  The Sodala data is being interpreted to determine which structures control mineralization, and determine whether a complementary geophysical survey method should be performed.

Pit reject sampling is now complete over artisanal workings on the Yanfolila South Block and the Company is waiting for gold assay data.  Drilling is unlikely to occur at either Sankarani or the Yanfolila South Block prior to the annual rains at the end of June.

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 854 sq. km.  The Sikasso Property is located in the same region as several multi-million ounce gold projects, including Morila, Syama, Kalana and Kodiéran.  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 initiating a new exploration program. They are examining the first of numerous anomalies noted for further investigation in Dr. Archibald’s August 2017 *“National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

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Globe Newswire: 12:30 GMT Wednesday 12th June 2019

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