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CSG: TSX-V
VANCOUVER, Feb. 4, 2014 /CNW/ - Cosigo Resources Ltd.
(TSX-V: CSG) today announced the receipt of assay results from
three reverse-circulation drill holes on the Machado project in
southeastern Colombia. Results
have now been received for all of the 20 holes drilled by Cosigo
during its 2013 drill program.
- Hole 13MR020 intersected 3.05m of 1.59 g/t Au from 9.14m
down-hole depth inside a broader zone of weaker gold
mineralization.
- Hole 13MR010 intersected 3.05m of 0.98 g/t Au from 36.58m to
the end of the drill hole.
- Hole 13MR006 intersected several zones of weak gold
mineralization.
"Our first drill program has shown that the
Machado property is underlain by gold-bearing strata with several
of our drill holes intersecting high grade gold." stated
Dennis Milburn, President and CEO of
Cosigo. "The potential for strata-bound mineralization is
particularly encouraging given the large size of the
metasedimentary system, which forms the Taraira Gold Belt."
Table 1. Machado screen fire assay results
Drill Hole |
From (m) |
To (m) |
Width (m)* |
Au (g/t) |
13MR020 |
6.10 |
13.72 |
7.62 |
0.73 |
incl. |
9.14 |
12.19 |
3.05 |
1.59 |
13MR010 |
36.58 |
39.63 |
3.05 |
0.98 |
13MR006 |
Several
zones of weak Au mineralization |
*Interval widths are down-hole. True widths are
yet to be determined
Complete results with maps and sections of the
drill holes from the 2013 drill program at Machado have been made
available on the Cosigo website (www.cosigo.com).
In addition to gold fire assays, multi-element
analysis was carried out on Cosigo's drill samples. The gold and
multi-element data, as well as geological information from the
drill holes, will be interpreted by Cosigo's technical team in
order to guide the Company's exploration efforts.
QA / QC
Cosigo's disclosure of a technical or scientific nature in this
press release has been reviewed and approved by Dr. Joseph H. Montgomery, P.Eng., Executive Vice
President of Cosigo Resources Ltd., who serves as a Qualified
Person as defined in National Instrument 43-101. Cosigo's quality
assurance and quality control procedures include the systematic
insertion of blanks and standards into the drill-sample string.
Drill chip samples were split and placed in sealed containers prior
to shipping to the ALS Minerals laboratory in North Vancouver for gold screen fire assay and
multi-element analysis.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company with mineral interests
in properties in Brazil,
Colombia and Canada. Cosigo has assembled a strong team,
well experienced in the exploration and mining-finance industries.
The Company's main focus is in the Taraira Gold Belt, which
straddles the border between northwestern Brazil and southeastern Colombia. In Brazil, geological mapping has identified more
than 250 km2 of prospective geology and sampling has
identified gold-bearing strata over long strike-lengths in several
locations. Cosigo's ongoing work in the Taraira Gold Belt is the
first modern exploration program in an area known to have hosted
more than 100 historic gold mining operations.
On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/ "Dennis Milburn"
President & CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this news release.
SOURCE Cosigo Resources Ltd.