Compass Provides Update on Small Mine Bulk Testing at Massala
Compass Gold (TSXV: CVB) reported significant progress at its Massala Gold Project in Mali, marking key milestones in its Small Mine Strategy. The company has initiated bulk sample testing, processing approximately 100 tonnes of mineralized material with modest initial gold recoveries at the SMAT facility, located 5 km from the main Massala gold zone.
Two crucial developments include the successful processing of initial bulk samples with pending assay results, and the approval of the Environmental and Social Impacts Study by the Malian Inter-ministerial Committee. The latter approval paves the way for the issuance of a Small Mining Permit (SMP) for Massala.
The SMAT plant demonstrates efficient operation rates of 10-30 tonnes per hour. The company plans to process up to 1,000 tonnes of bulk sampling material to confirm gold grades and recoveries, with operations expected to improve as the rainy season ends.
Compass Gold (TSXV: CVB) ha comunicato importanti avanzamenti al progetto aurifero Massala in Mali, raggiungendo tappe fondamentali nella sua Small Mine Strategy. La società ha avviato test su campioni bulk, trattando circa 100 tonnellate di materiale mineralizzato con recuperi d'oro iniziali contenuti presso l'impianto SMAT, situato a 5 km dalla principale zona aurifera di Massala.
Due sviluppi chiave sono il trattamento riuscito dei primi campioni bulk, i cui risultati analitici sono ancora in attesa, e l'approvazione dello Studio di Impatto Ambientale e Sociale da parte del Comitato Interministeriale maliano. Quest'ultima approvazione apre la strada al rilascio di un Permesso di Piccola Miniera (SMP) per Massala.
L'impianto SMAT ha mostrato ritmi operativi efficienti di 10-30 tonnellate all'ora. La società prevede di trattare fino a 1.000 tonnellate di materiale da campionamento bulk per confermare tenori auriferi e rese, con un miglioramento delle operazioni atteso alla fine della stagione delle piogge.
Compass Gold (TSXV: CVB) informó avances significativos en su Proyecto de Oro Massala en Mali, alcanzando hitos clave dentro de su Small Mine Strategy. La compañía ha iniciado ensayos con muestras masivas, procesando aproximadamente 100 toneladas de material mineralizado con recuperaciones iniciales de oro modestos en la planta SMAT, situada a 5 km de la principal zona aurífera de Massala.
Dos desarrollos cruciales son el procesamiento exitoso de las primeras muestras masivas, cuyos resultados de análisis están pendientes, y la aprobación del Estudio de Impacto Ambiental y Social por el Comité Interministerial de Malí. Esta aprobación allana el camino para la emisión de un Permiso de Pequeña Minería (SMP) para Massala.
La planta SMAT ha demostrado tasas operativas eficientes de 10-30 toneladas por hora. La compañía planea procesar hasta 1.000 toneladas de material de muestreo masivo para confirmar leyes auríferas y recuperos, con mejoras operativas previstas al finalizar la temporada de lluvias.
Compass Gold (TSXV: CVB)는 말리의 Massala 금광 프로젝트에서 중요한 진전을 보고하며 Small Mine Strategy의 주요 이정표를 달성했다고 발표했습니다. 회사는 벌크 샘플 시험을 시작해 약 100톤의 광화된 물질을 SMAT 설비에서 처리했으며, 해당 설비는 Massala 주요 금층에서 5km 떨어진 곳에 위치해 초기 금 회수율은 다소 낮았습니다.
주요 두 가지 성과는 초기 벌크 샘플의 성공적 처리(분석 결과 대기 중)와 말리 정부의 중앙부처위원회에서 환경·사회 영향 평가서가 승인된 점입니다. 후자는 Massala에 대한 소규모 채굴 허가(SMP) 발급의 길을 열어줍니다.
SMAT 플랜트는 시간당 10–30톤의 효율적인 처리 속도를 보였습니다. 회사는 금 등급과 회수율을 확인하기 위해 최대 1,000톤의 벌크 샘플을 처리할 계획이며, 우기 종료 후 운영 성능이 개선될 것으로 예상하고 있습니다.
Compass Gold (TSXV: CVB) a annoncé des progrès significatifs sur son projet aurifère Massala au Mali, franchissant des étapes clés de sa Small Mine Strategy. La société a lancé des essais sur échantillons en vrac, traitant environ 100 tonnes de matériau minéralisé avec des récupérations d'or initiales modestes à l'usine SMAT, située à 5 km de la principale zone aurifère de Massala.
Deux développements importants comprennent le traitement réussi des premiers échantillons en vrac, dont les résultats d'analyse sont en attente, et l'approbation de l'étude d'impacts environnementaux et sociaux par le comité interministériel malien. Cette approbation ouvre la voie à la délivrance d'un permis de petite mine (SMP) pour Massala.
L'usine SMAT a démontré des cadences opérationnelles efficaces de 10–30 tonnes par heure. La société prévoit de traiter jusqu'à 1 000 tonnes de matériau d'échantillonnage en vrac afin de confirmer les teneurs en or et les taux de récupération, avec une amélioration des opérations attendue à la fin de la saison des pluies.
Compass Gold (TSXV: CVB) meldet bedeutende Fortschritte beim Massala Gold Projekt in Mali und hat wichtige Meilensteine seiner Small Mine Strategy erreicht. Das Unternehmen hat mit Bulk-Probenversuchen begonnen und rund 100 Tonnen mineralisiertes Material mit anfangs moderaten Goldrückgewinnungen in der SMAT-Anlage verarbeitet, die 5 km von der Hauptlagerstätte Massala entfernt liegt.
Zwei entscheidende Entwicklungen sind die erfolgreiche Verarbeitung der ersten Bulk-Proben, deren Analyseergebnisse noch ausstehen, sowie die Genehmigung der Umwelt- und Sozialverträglichkeitsstudie durch das malische Interministerielle Komitee. Diese Genehmigung ebnet den Weg für die Erteilung einer Small Mining Permit (SMP) für Massala.
Die SMAT-Anlage zeigt effiziente Betriebsraten von 10–30 Tonnen pro Stunde. Das Unternehmen plant, bis zu 1.000 Tonnen an Bulk-Probenmaterial zu verarbeiten, um Goldgehalte und Rückgewinnungsraten zu bestätigen, wobei eine Verbesserung der Abläufe nach Ende der Regenzeit erwartet wird.
- Initial gold recoveries achieved under Bulk Sampling Authorization
- Environmental and Social Impacts Study approved, clearing way for Small Mining Permit
- SMAT facility operating efficiently at 10-30 tonnes per hour processing rate
- Potential for additional Small Mines permits along the 14km Tarabala trend
- Precise recovery results still pending laboratory assays
- Current operations limited by rainy season conditions
- Only 100 tonnes processed out of planned 1,000 tonnes bulk sample
- Modifications and optimization still needed at processing facility
Initial Bulk Sample Testing Recovers First Gold
Environmental and Social Impacts Study Approved
Toronto, Ontario--(Newsfile Corp. - September 4, 2025) - Compass Gold Corp. (TSXV: CVB) ("Compass" or the "Company") is pleased to provide a further update on the important advances the Company has made at the Massala Gold Project located along a 3 km section of the 14 km Tarabala Trend, within the Company's Sikasso Property in southern Mali.
Highlights:
- Initial gold recoveries have been achieved under Bulk Sampling Authorization
- Initial mineralized rock processing recoveries and grade confirmations will provide valuable data to optimize the Massala Small Mine unit and accelerate the primary objective of recovering gold
- Malian Inter-ministerial Committee approves Environmental and Social Impacts Study for Massala Small Mine, which clears the way for the Malian Ministry of Mines to issue a Small Mining Permit for Massala
Compass CEO Larry Phillips said, "Over the last three months, our Malian technical team, led by Dr. Madani Diallo, has made tremendous progress in executing our Small Mine Strategy to develop our first small mine at Massala.
The initiation of our Bulk Sampling Authorization for Massala is one of the final steps in achieving our goal. We intend to complete up to 1,000 tonnes of bulk sampling of Massala mineralization to confirm gold grades and recoveries. Our Compass team recently took charge of the testing facility and quickly carried out equipment modifications and maintenance required to complete the tests. As of today, we have processed approximately 100 tonnes of mineralized material. Modest test recoveries were achieved while further assay tests are pending for grade confirmation. We have noted specific opportunities to optimize the performance of the plant, which will be reviewed with the owner of the SMAT facilities before additional mineralization is processed.
Another critical achievement is the approval of the Environmental and Social Impacts Study for our planned Massala Small Mine. Our technical team has worked effectively to complete all environmental reviews and consultations with the relevant Malian Ministries and local communities. All are eager to see the completion of the bulk testing operations at Massala. We expect the formal environmental permit to be delivered in the next few days, which will allow the Ministry of Mines to issue a Small Mine Permit (SMP) for Massala.
Positive test results at Massala, through our Small Mine Strategy, could see the granting of additional Small Mines permits along the 1Tarabala trend as well as on other gold mineralization across our more than 1,000 sq. km of land holdings in Mali.
We will consider all options to expedite our future advancement of additional Small Mines and create the value our shareholders expect, including strategic partnerships and joint ventures."
SMAT Facility Upgrades and Testing
The Compass technical team, which has operated the SMAT testing facility, recently completed modifications and upgrades to the facility, which is located just 5 km from the main Massala gold zone.
The initial processing of mineralization confirmed that the SMAT plant can be operated efficiently at a rate of between 10 and 30 tonnes per hour. Eight bulk samples (100 tonnes) have been processed and contained variable amounts of gold. Precise recovery results are pending, since laboratory assays from the tailings are outstanding. The results will be reported once they have been scrutinized by the technical team.
As the heaviest part of the rainy season ends in the coming weeks, better road conditions will enable larger quantities of mineralized rock to be trucked to and tested at the SMAT site. The daily operating results, including crushing settings, gold recovery data, and grade confirmations from this initial stage of processing, will be used to optimize longer-term operations once the SMP is received.
Environmental Impact Study Approved by Inter-Ministerial Committee
Compass has provided all required documentation for its Environmental Permit application to the Ministry of Environment, which formally approved our Environmental and Social Impact Studies on September 3rd. The Company expects to receive the formal Permit shortly, after it has been gazetted.
About Compass Gold Corp.
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 four sites in southern Mali with a combined land holding of 1,173 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold 1projects, including Morila, Syama, Kalana and Komana. 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 conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald's August 2017 "National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali."
Qualified Person
This news release has been reviewed and approved by EurGeol. Dr. Sandy Archibald, P.Geo., Compass's Technical Director and shareholder, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.
Note
1 Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company's properties.
For further information, please contact:
| Compass Gold Corporation | Compass Gold Corporation |
| Larry Phillips - Pres. & CEO | Greg Taylor - Dir. Investor Relations & Corporate Communications |
| lphillips@compassgoldcorp.com | gtaylor@compassgoldcorp.com |
| T: +1 416-596-0996 X 302 | T: +1 416-596-0996 X 301 |
Website: www.compassgoldcorp.com
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265117
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