Cosigo Resources Ltd. V.CSG.H

Moving Fast to Prove up/Produce Sulphide gold

[goldpig]

The oxide cap has 1.9 million oz of gold at a POG of just $625 ; it would be much larger at $870 gold, so there is plenty of resource to boost production.

It looks like we will have a 43-101 estimate for  part of the sulphide zone in a few weeks, and met testing within 3 months. This is moving very fast.

Sulphide resources

The company is studying the quantity and recovery of sulphide resources that exist below the limits of the current open pit resources at El Castillo, resources and reserves which only take into account oxidized material. A resource study is under way and is expected to identify gold resources at varying gold cut-off grades. A historic resource completed under non-NI 43-101 standards identified approximately 300,000 ounces of sulphide resources. The company has also completed the selection of quantities of available drill core from the sulphide zone for metallurgical testing. This metallurgical program is expected to determine the means and extent to which gold may be recovered from this sulphide material. The new resource study is expected to be completed prior to the end of the first quarter 2009. Results from the metallurgical test program on the sulphide material are expected early in the second quarter 2009.