Its been over 4 months, practically 5 by the time they have the meeting. Thats a lot of time to conduct sampling and define drill targets etc. In fact Cosigo may have already been drilling and have results. Anyway there should be lots of news flow once they put the RTO behind them. Pretty impressive bulk sampling from last August...
Cosigo Resources samples 37.6 g/t Au at Taraira
2010-08-18 12:56 ET - News Release
Mr. James McInnes reports
COLUMBIAN GOLD PROSPECT
Cosigo Resources Inc. has delivered a progress report on the Columbian gold prospect.
Taraira
A bulk sample comprising 18 to 45 gallon drums of rock was gathered from a blast in the underground workings on the central Machado area. The blast was drilled off using five-foot drill steel. Prior to the blast, the face was cleaned and all rock debris removed from the tunnel floor. Two channel samples were then chipped vertically and perpendicular to the strike of the strata. These samples were assayed in Vancouver. Assay results were 0.73 part per million gold for the No. 1 channel sample and 0.98 ppm gold for the No. 2 channel sample, respectively. The entire volume of the blasted rock was placed in 18 barrels and shipped to Vancouver for processing and assaying. Two of these barrels were randomly selected by the transport company and delivered to the Knelson Rsearch & Technology Centre. The two barrels contained 617 kilograms of rock. Results for assay and gravity separation analysis are shown in the table.
Sample Kilograms Recovery (%) Gold (g/t)
A 10.159 91.5 37.6
B 10.152 84.4 27.2
The pan concentrates, the pan tails and the final tails were assayed. The calculated gold head grade for the A sample was 37.6 grams per tonne gold, while the calculated head grade for the B sample was 27.2 g/t gold. Additional work is planned to help understand the significance and benefits of the coarse gold and nugget effect on channel samples that have been gathered from this as well as other prospects in the region. Permits that allow drilling of the prospect are in process and should be available by October, 2010, at which time Cosigo plans to begin a major drilling program using two new drills that are on site in Columbia. Joseph H. Montgomery, PhD, PEng, executive vice-president of Cosigo and a qualified person under the meaning of National Instrument 43-101, reviewed the technical information in this new release.
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