Cosigo Resources Ltd. (TSXV:CSG) announced assay results from its Machado project in Colombia. Highlights include Hole 13MR020 intersecting 3.05m of 1.59 g/t Au from 9.14m down-hole depth inside a broader zone of weaker gold mineralization.
As quoted in the press release:
- 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.
Cosigo Resources Ltd. President and CEO, Dennis Milburn, said:
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. The potential for strata-bound mineralization is particularly encouraging given the large size of the metasedimentary system, which forms the Taraira Gold Belt.