First Production and Cash-Flow Planned for Q1 2025 Compass Gold Corp. is pleased to provide an update on its plans to produce gold at the Massala prospect located along the 15 km Tarabala Trend, which is contained within the Company's Sikasso Property in southern Mali. Highlights Initial joint-production agreement reached for toll-treating Compass ore at the adjacent Small Mining Facility owned by SMAT, a Malian business [...]
Proceeding with a Small Mine Application Compass Gold Corp. provides an update on the recent follow-up trench sampling program at the Massala prospect, located on the Company's Sikasso Property in southern Mali . Highlights Assay results are reported from five trenches, each 5-m deep and totalling 305 m in length at Massala Best intervals: Widest intercept: 21 m @ 3.51 g/t Au Highest-grade interval: 1 m @ 40.29.60 g/t Au [...]
Compass Gold is pleased to announce the completion of its previously announced offering, on a non-brokered private placement basis, of 175 convertible debenture units of the Company, at a price of $1,000 per Debenture Unit, for aggregate gross proceeds of $175,000. For additional details concerning the Offering and the Debenture Units, please see Compass news release dated July 11, 2024. The closing of the Offering is [...]
Funds to be Used for Corporate Operations in Further Preparation for Advancing the Tarabala Small Gold Mine Project Compass Gold Corp. is pleased to announce that it intends to issue, on a non-brokered private placement basis, an additional 175 convertible debenture units of the Company , at a price of $1,000 per Debenture Unit, for aggregate gross proceeds of $175,000 . The Debenture Units are being issued on the same [...]
Discussions Underway with Potential Investors and Operations Partnerships Compass Gold Corp. is pleased to report to shareholders on the progress the Company has made since announcing the encouraging assay results from the initial trenches completed at Massala in September, which intercepted 20 m at 4.13 grams per tonne gold , including 4 m @ 19.19 g/t Au in Trench MATR001 . HIGHLIGHTS: Technical Work: Nine new trenches [...]
Highest-Grade Interval at Massala; Includes 20 m at 4.13 g/t Au Compass Gold Corp. provides an update on the recent trenching sampling program at the Tarabala prospect, located on the Company's Sikasso Property in southern Mali . Highlights Assay results have been received from five trenches, each 5 m deep and totalling 211 m in length at Tarabala and Massala Best interval from Massala: 20 m at 4.13 g/t Au, including 4 m [...]
Compass Gold Corp. provides an update on the recent trench sampling program at the Tarabala prospect, located on the Company's Sikasso Property in southern Mali . Highlights Four trenches, 5-m deep and totalling 208 m in length, have been completed at Tarabala and Massala 979 samples have been submitted to the assay laboratory, and all results are expected in late August Metallurgical studies will begin once the assays [...]
First Phase of Trenching Nearly Complete at Tarabala Small Mine Project Compass Gold Corp. is pleased to announce that, following additional demand, its previously announced offering of convertible debenture units was increased by $50,000. . The Corporation has now completed the issuance, on a non-brokered private placement basis, of 650 Debenture Units, at a price of $1,000 per Debenture Unit, for aggregate gross [...]
Funds to be Used for First Phase of Tarabala Project Small Gold Mine Compass Gold Corp. is pleased to announce that it intends to issue, on a non-brokered private placement basis, 600 convertible debenture units of the Company , at a price of $1,000 per Debenture Unit, for aggregate gross proceeds of $600,000 . The Offering is fully subscribed and is expected to close on or about June 30, 2023 . The proceeds of the [...]
Investigating Potential to Commence Small Oxide Mining Operations Compass Gold Corp. is pleased to provide an update on additional assay data on recently completed deep reverse circulation drilling, and surface channel and grab sampling at the Tarabala prospect, located on the Company's Sikasso Property in Southern Mali . Highlights Coarse-grained "nuggety" gold is confirmed at Tarabala, and likely present at other [...]
Drilling Targeting Deeper Mineralization Compass Gold Corp. is pleased to provide an update on the recently completed deep reverse circulation drilling at the Tarabala prospect, located on the Company's Sikasso Property in Southern Mali . Highlights Drilling at the Tarabala prospect to test 450 m of a 1,000 m zone intercepted higher-grade mineralized areas within wide zones of low-grade mineralization Best interval: 13 m [...]
Drilling Targeting Deeper Mineralization Compass Gold Corp. 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 . Highlights An 800-m reverse circulation drilling program has begun on the Tarabala prospect The drilling is focused on tracing the [...]