CFMC Suc Colombia Barrio Soledad Bogota, Colombia Cosigo Fronteira Prospeccao Pesquisa e Extracao Mineral Ltda R.Benjamin Lima, 264 Apto 11, Sao Jorge Manaus - AM Brasil CDP 69033-640 Cosigo Drill Conversion Test and Results
Cosigo Resources Ltd.
COSIGO RESOURCES LTD.
Toronto Stock Exchange Venture:NEX:CSG.H
www.cosigo.com
3854 Cadboro Bay Rd.
Victoria, BC
Canada V8N 4G4
1-250-477-7748
CFMC Suc Colombia
Barrio Soledad
Bogota, Colombia
Cosigo Fronteira Prospeccao Pesquisa e Extracao
Mineral Ltda
R.Benjamin Lima, 264 Apto 11, Sao Jorge
Manaus - AM
Brasil CDP 69033-640
Cosigo Drill Conversion Test and Results
Cosigo Resources Ltd. (TSXV: NEX.CSG.h) – April 22, 2024. The management of Cosigo Resources reports
that the Company at its Taraira North property has completed converting its onsite field-portable
“Hornet” 45 HP drill from a Reverse Circulation system to a thin wall “btw” drill rod core system. This
method recovers 48 mm size diameter core enhancing sample size. Senior Geological Professor Ricardo
Tobon and Cosigo’s drill team initiated the hydraulic and water pressure systems in a challenging -50-
degree hole oriented perpendicular to the strata. Our first drill hole reached 57 feet at which depth
sanding “choked” the drill system and the drill was reset to a steeper -70 degrees achieving 80 feet
depth.
The “Hornet” drill has a small footprint, can be moved readily using available manpower and is ideally
suited for reconnaissance testing of our large area of rugged jungle-like ground. Its potential
convertability between RC and core functions will allow the technical team to more readily access
locations that would require much greater efforts if a larger machine were employed while still retaining
versatility.
Placement of the test drill holes was determined for convenience near the Cosigo camp tool shop and
not for geological potential. [The test holes were named “Gallinero” the Spanish word for Cosigo’s camp
chicken coop.]
The operating experience will now help guide innovative improvements to the existing drill and,
possibly, selection of an alternative, more robust machine. Cosigo’s geological and drill team will
consider the results of drilling difficulties, logistics, core recovery and other issues and endeavor to
design an efficient and practical drilling campaign. Core handling and sampling issues will also be
improved.
Table 1. Sample Data – TCR of Gallinero 1 Drill Hole inserted for illustration.
From
(ft) To (ft)
Core Length
(ft)
Total
core
recovery
(TCR)
(%)
0.00 3.80 2.20 57.9
3.80 9.00 1.30 25.0
9.00 14.00 3.25 65.0
14.00 15.00 0.33 33.0
15.00 19.00 0.67 16.8
Cosigo Resources Ltd.
COSIGO RESOURCES LTD.
Toronto Stock Exchange Venture:NEX:CSG.H
www.cosigo.com
3854 Cadboro Bay Rd.
Victoria, BC
Canada V8N 4G4
1-250-477-7748
CFMC Suc Colombia
Barrio Soledad
Bogota, Colombia
Cosigo Fronteira Prospeccao Pesquisa e Extracao
Mineral Ltda
R.Benjamin Lima, 264 Apto 11, Sao Jorge
Manaus - AM
Brasil CDP 69033-640
19.00 24.00 4.75 95.0
24.00 26.00 2.00 100.0
26.00 29.00 2.30 76.7
29.00 34.00 5.00 100.0
34.00 38.00 4.00 100.0
38.00 41.00 2.88 95.8
41.00 42.00 0.67 67.0
42.00 44.00 2.00 100.0
44.00 48.00 4.00 100.0
48.00 50.00 2.00 100.0
50.00 55.00 3.67 73.4
55.00 57.00 2.42 121.0
The equipment test and stratigraphic information will assist future selection of target drill angles,
depths, and locations. Cosigo currently is reaching out to a known Canadian commercial drill contractor
with drills located in Bogota regarding provision of a machine capable of reaching greater depths with
power to overcome sanding and broken formations.
Drill Holes Gallinero 1 & 2
The core retrieved from Gallinero 1 and 2 holes provided improved stratigraphic study and, incidental to
the test, revealed a previously unsuspected conglomerate layer from a depth of 9 feet to 25.67 feet
below the camp; the remainder comprised sandstone. Atomic absorption assays of 50g Gallinero 1
samples showed 3 of 11 samples contained 10 ppb or greater Au with one sample returning 20 ppb Au.
Four of 12 conglomerate samples from Gallinero 2 drill hole returned assays of 10 ppb Au. A two sample
Screen Test showed no benefit compared to values obtained from standard samples.
Gallinero 2 was assayed in its entirety of 80 feet and in addition to the conglomerate mentioned above,
returned assays of 170 ppb Au and 380 ppb Au in samples from near the bottom of the hole. Although
the Cosigo team hoped to reach greater depths, in particular a known conglomerate layer, sand in the
rock package could not be overcome using the small machine.
Stratigraphic and mineral information from G – 1 and G-2 will be added to our district geological
database and ultimately contributes to the larger ridge map in the Cosigo mineral concession.
Cosigo believes that a significant “nugget” effect may apply to Taraira gold mineralization that needs to
be considered in future when evaluating the property. Also, the Company is exploring use of the
innovative “Chrysos” analytical process that may offer substantial savings.
Cosigo Resources Ltd.
COSIGO RESOURCES LTD.
Toronto Stock Exchange Venture:NEX:CSG.H
www.cosigo.com
3854 Cadboro Bay Rd.
Victoria, BC
Canada V8N 4G4
1-250-477-7748
CFMC Suc Colombia
Barrio Soledad
Bogota, Colombia
Cosigo Fronteira Prospeccao Pesquisa e Extracao
Mineral Ltda
R.Benjamin Lima, 264 Apto 11, Sao Jorge
Manaus - AM
Brasil CDP 69033-640
Erik Ostensoe, P.Geo., a geological consultant to the Company and a Qualified Person as defined by
National Instrument 43-101, has reviewed Gallinero 1 & 2 drill cores and approves the scientific and
technical disclosure in this news release.
About Cosigo Resources
Cosigo Resources Ltd. is a junior exploration company trading on the TSX Venture’s NEX Exchange (symbol
CSG.h). The Company is exploring and developing its 100% owned properties in the Taraira Gold District
in south-east Colombia near the border of Brazil. The Company also holds a 100% interest in the Willow
Creek property, located near Winnemucca in the northern sierras of Nevada, a 100% interest in the
Damian property in the Cordillera region of Colombia, and owns 13.26% of DHK Diamonds Inc. a company
exploring for diamonds in the DO27 region of the NorthWest Territories of Canada.
To find out more about Cosigo Resources visit our website at www.cosigo.com.
FOR MORE INFORMATION CONTACT:
Cosigo Resources Ltd.
Andy Rendle
President & COO
Cautionary and Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information within the meaning
of applicable securities laws. These statements relate to future events or future performance. All statements
other than statements of historical fact may be forward‐looking statements or information. Forward‐looking
statements and information are often, but not always, identified by the use of words such as “appear”,
“seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”,
“potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about
the current expectations and plans of management of the Company relating to the future. Readers are
cautioned that reliance on such statements and information may not be appropriate for other purposes,
such as making investment decisions. Since forward ‐looking statements and information address future
events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors and risks. These include, but
are not limited to, the expected timing and terms of the private plac ement, use of proceeds, anticipated
work program, required approvals in connection with the work program and the ability to obtain such
approvals. Accordingly, readers should not place undue reliance on the forward ‐looking statements,
timelines and information contained in this news release. Readers are cautioned that the foregoing list of
factors is not exhaustive.
The forward‐looking statements and information contained in this news release are made as of the date of
Cosigo Resources Ltd.
COSIGO RESOURCES LTD.
Toronto Stock Exchange Venture:NEX:CSG.H
www.cosigo.com
3854 Cadboro Bay Rd.
Victoria, BC
Canada V8N 4G4
1-250-477-7748
CFMC Suc Colombia
Barrio Soledad
Bogota, Colombia
Cosigo Fronteira Prospeccao Pesquisa e Extracao
Mineral Ltda
R.Benjamin Lima, 264 Apto 11, Sao Jorge
Manaus - AM
Brasil CDP 69033-640
this news release and no undertaking is given to update publicly or revise any forward ‐looking statements
or information, whether as a result of new information, future events or otherwise, unless so required by
applicable securities laws or the TSXV. The forward -looking statements or information contained in this
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accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities
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