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Cosigo Resources Ltd V.CSG.H

Alternate Symbol(s):  COSRF

Cosigo Resources Ltd. is a Canada-based junior exploration company. The principal business of the Company is the acquisition of interests in mineral applications and in mineral exploration licenses in Colombia and Brazil, South America. The Company is exploring for gold and lithium deposits. The Company has title to an area of approximately 10,000 hectares (ha) in the Taraira North, Vaupes Province of Colombia and has focused its efforts on an area referred to as the Machado Project. The Company also holds a 100% interest in the Willow Creek property, located in the northern sierras of Nevada near Winnemucca, 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. The Damian property is located in the Damian area, province of Cauca, Colombia.


TSXV:CSG.H - Post by User

Bullboard Posts
Comment by frizzerson Jun 20, 2013 12:26pm
159 Views
Post# 21548541

RE: RE: RE: News Release

RE: RE: RE: News Release

Morning All,

 

Yes, they have a 3-month window from some time in late April/earlyMay, whenever the final approval was. It was expected some 10 days after the news release on April 15, but I'm not sure when it was actually granted.

 

Drilling started on June 10th, I hear, so they must already have drilled four or five holes (it's June 20th today), maybe more. I think the main focus is to verify the old government drilling from back in the day. I believe there are 10 key holes they want to put in to do this. 

 

So I guess they've got till late July/early August , maybe 35 to 45 days, from today. I doubt they'll get all 42 drilled, though it's possible. They'd have to operate at about a hole a day to do that which might not be possible under the circumstances - drills might need maintenance and repair work for example, which could slow them down. Maybe 25 to 35 is a more accurate expectation. 

 

That said, this programme is more about quality than quantity and the main focus are those ten or so key holes verifying the old data.

Bullboard Posts