EXPLORATION & DEVELOPMENT

Compass points to 'spectacular' results in Mali

Explorer reports 6.1m at 65.6g/t gold

Staff reporter

This article is 5 years old. Images might not display.

Among the highlights, Compass intercepted 6.1m at 65.6g/t gold from 19.5m and 13m at 9.25g/t from 21.1m.

It said all seven diamond drill holes had intersected significant gold mineralisation within a 200m section of the 750m long Farabakoura high-grade zone.

CEO Larry Phillips described the results as spectacular and said the season's work had revealed "new structures with significant potential" Compass planned to start drilling next quarter, once the rainy season ended.

The company had C$2.2 million (US$1.7 million) in cash at June 30.

It had raised $2.7 million (US$2 million) at 30c per share in April.

Compass shares hit a 52-week high of 71c in March on reporting "exceptional" results from the first diamond drill hole at Farabakoura, including 4m at 83.82g/t.

They last traded at 31.5c, up 12.5% year-to-date, and the company is capitalised at $12.2 million (US$9.3 million).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.