Compass Gold has intersected 8.35 metres grading 2.82 g/t gold at its Massala prospect in Mali, highlighting the final results from a 42-hole diamond drilling program that confirmed mineralization across a 340-metre strike length.

The drilling, which successfully intercepted gold in 35 of the 42 holes, tested the Tarabala fault structure to support planning for initial production. Compass expects these results to inform the next steps for its pending Small Mine Permit application. The company also intends to release an updated assay value for a previous overlimit result, which showed more than 100 g/t gold in a 0.8-metre interval.

“These assay results show that gold mineralization is present along the entire 340 metres of the tested structure. This zone represents just 10% of the Massala fault structure contained within the Massala Small Mine permit application area. It is also significant that we have identified gold mineralization wider than 6 m in several sections, with grades up to 2.82 g/t Au. Our widest interval remains 18 m @ 4.99 g/t Au, which we reported in May 2026, and includes a 0.8 metre interval containing visible gold. We are currently determining what additional work may be warranted prior to the issuance of the Small Mine Permit.”

— Larry Phillips, CEO

The company is currently awaiting the issuance of the Small Mine Permit from the Malian Ministry of Mines, while also reviewing whether further drilling or additional metallurgical testing is required to advance the prospect.

Compass is currently trading at $0.15, up 7.14% in the session.

Read the full announcement: Compass Gold Reports Final Diamond Drilling Assays at Massala Prospect, Intersecting 8.35 M @ 2.82 g/t Au