TSX-V:CVB Volume : 0 Change : 0.00 Last : 0.02 Day High : N/A Day Lo: N/A Date : 5/16/2013
Welcome to Compass Gold
Compass Gold Corporation is a Tier 2 mining issuer listed on the TSX Venture Exchange and focused on gold exploration in Mali, Africa's 3rd largest producer of gold. Compass, through its wholly-owned subsidiary Africa Mining, owns four gold exploration permits (Yanfolila, Dandoko, Kolondieba and Solabougouda) as well as holding applications over a further four areas, Mousala, Sirakourou, Yanfolila East and Kolondieba Nord) covering a total of 1,138 sq km's in key gold producing regions in south west Mali, West Africa.
Key Points
- Strategic presence in thefastest gold producing regionin the world with 1,138km2 in Mali 100% ownership of 6 projects
- Experienced board and management team with exceptional in-country knowledge and a history of large gold discoveries in Mali and West Africa
- 2012 appointment of Larry Phillips, a founder of IamGold (TSX:IMG -$5.8b Mali Gold Producer) as a director and Ian Spence as President and CEO adds significant experience to the company's management team
- Yanfolila and Dandoko projects adjacent to existing major resources are being targeted as a priority
- 4,530m of Diamond Core drilling and 5,088m of auger drilling at Yanfolila in 2012, indicate the potential existence of a large gold system
- Visual description of core shows adeep level of oxidation with soft, easy-to-mine and to process material extending to a vertical depth of 80m, followed by soft partially oxidized material down to 160m
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Infill, extension and exploration drilling programme to be undertaken on commencement of new field season
- 2013 program to advance Yanfolila to a maiden Resource in 2013 (Multi-million ounce deposit targeted)
- Test identified drill targets at Dandoko
- Strong institutional support including amp Securities, Pine Tree Capital, Regent Capital and Front Street.