Cosigo Resources Ltd. (TSXV:CSG) announced that two initial drill holes intersected gold at its Machado project in southeastern Colombia.
As quoted in the press release:
Hole 13MR001, which was drilled vertically to a depth of 64 m, intersected minor occurrences of gold. Hole 13MR002, drilled at a 60 degree angle to a depth of 68.5 m, intersected significant near-surface gold mineralization (see Table 1).
Cosigo President and CEO, Dennis Milburn, said:
We are very pleased to have intersected gold in the first two holes of our drill program. Our technical staff is very optimistic about the results expected from our remaining drill holes.