Compass Gold Corporation announced the launch of extensive new exploration and drill program. The proceeds of this financing will initially be used on the Moribala permit to follow up on the
highly encouraging drill results reported in March 2022, where a 21 m interval containing 0.5 grams per tonne (g/t) gold (Au) was identified on a blind target. Four 1-km segments associated with the 6-km long Moribala and Tarabala faults will be tested in June through a 1,000-m reverse circulation (RC) drilling program. This drilling is aimed to further identify and determine the depth extent of near-surface gold mineralization along the broad target zones. While the drilling takes place, two additional Gradient IP geophysical surveys will be carried out on the Moribala fault to precisely locate the site of additional AC drilling planned for the fourth quarter.