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The latest update is out from Compass Gold ( (TSE:CVB) ).
Compass Gold Corp. has announced significant progress at its Massala Gold Project in southern Mali, including initial gold recoveries from bulk sampling and the approval of an Environmental and Social Impacts Study. These developments pave the way for the issuance of a Small Mining Permit by the Malian Ministry of Mines. The company has processed 100 tonnes of mineralized material, with further testing and optimizations planned. The approval of the environmental study is a critical step towards expanding their small mine strategy, potentially leading to additional permits along the Tarabala trend.
More about Compass Gold
Compass Gold Corp. is a public company incorporated in Ontario and listed as a Tier 2 issuer on the TSX-V. The company focuses on gold exploration in Mali, holding permits for the Sikasso Property, which spans 1,173 sq. km across four sites in southern Mali. This region is notable for several multi-million-ounce gold projects.
Average Trading Volume: 19,908
Technical Sentiment Signal: Sell
Current Market Cap: C$15.81M
For detailed information about CVB stock, go to TipRanks’ Stock Analysis page.