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,
Results from Previous Drilling and Sampling
Air Core (AC) drilling on the Tarabala Trend first identified bedrock gold at the Tarabala prospect in
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).
A resampling program of historic Compass RC chips 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.
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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.
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