Compass Gold Corp., - President and CEO, Larry Phillips
President and CEO, Larry Phillips
Source: YouTube (121 Mining Investment Events)
  • Compass Gold (TSXV:CVB) has implemented health and safety protocols to protect personnel during the ongoing COVID-19 outbreak
  • The company’s preventative measures include health screening and mandatory handwashing at its operations in Mali
  • Mali’s government recently shut down all schools, bars, night clubs and international flights, and has restricted gatherings exceeding 50 people
  • The company’s mineral exploration in Mali will continue in spite of the pandemic 
  • Compass Gold (CVB) is down 12.12 per cent, and is currently trading at C$0.14 per share

Mineral exploration company, Compass Gold (TSXV:CVB), has implemented health and safety protocols in response to the COVID-19 pandemic.

While the company has not yet reported any impact on its administrative or exploration activities, the measures are a necessity. 

At the company’s operations in Bamako, Mali, preventative measures include health screening for visitors, employees and contractors. Everyone who enters is registered, has their temperature taken and uses handwashing facilities.

Compass has also implemented similar protocols at the Sikasso property operations in southern Mali.

Compass’ Exploration Manager, Dr Madani Diallo, said Mali has not reported any cases of coronavirus infection.

“I was working here during the brief Ebola outbreak six years ago, and the government has already applied the same measures on all points of entry to the country.

“As we know that the situation could change at any time, we remain vigilant, but confident that we are doing what is necessary to protect our people,” Madani said. 

Mali’s government has recently shut down all schools, bars, night clubs and international flights, and restricted gatherings exceeding 50 people. In spite of the pandemic’s ongoing worldwide impacts, Compass will continue its operations in Mali for the time being. 

The company is aggressively advancing a fully financed drilling program on its Sikasso property. The project, which covers over 13,000 metres, will test several drill targets across multiple permit areas, including the Farabakoura Trend.

The drilling crew there will remain on-site and continue working until the current program has been completed.

Compass’ President and CEO, Larry Phillips, stated that the company was not underestimating the seriousness of the COVID-19 situation.

“Our board and management are watching closely for any evidence that could increase the risk to any of our employees or contractors.

“In the meantime, our operations are proceeding without interruption. We look forward to seeing our current exploration program completed on time and on budget,” Larry said.

Compass Gold (CVB) is down 12.12 per cent, and trading at $0.14 per share as of 12:11pm EST.

More From The Market Online
A gold bar from Dynacor Group's ore processing facility in Peru.

Green flags galore: Why to invest in Dynacor Group today

Gold stock Dynacor Group (TSX:DNG) announces a monthly dividend of C$0.01167 per share for August 2024 with eyes on further growth.
European minerals

Euro Sun Mining completes Critical Raw Materials Act submission

Euro Sun Mining (TSX:ESM) applies to the European Commission for the Rovina Valley Project under the Critical Raw Materials Act.
Drill rig at Corrales target zone on Coppernico Metals' Sombrero project in Peru.

Coppernico Metals begins drilling in Peru with TSX debut in sight

Coppernico Metals begins a drilling program at its Sombrero copper-gold project in Peru, setting the stage for a listing on the TSX.
Gold from Cascadia Minerals' outcrop sampling at its Catch property in the Yukon.

Three Canadian junior mining stocks positioned to thrive

Investors in Canadian junior mining stocks need some of the sturdiest stomachs in the market, but could end up earning multi-bagger returns.