Post by 2Subtleon Dec 21, 2022 7:36pm
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Post# 35186023
Cosigo Resources: Potential World Scale Discovery: Gold Sect
Cosigo Resources: Potential World Scale Discovery: Gold SectThe best time to have a potentially world-scale gold discovery is at the start of a multi-year bull market for the sector. This is Bob Hoye and my unique research into Gold’s Real Price is now calling for a new bull market that at times will be dynamic for the sector and fabulous for large discoveries.
Cosigo has extensive holdings of Witwatersrand geology on the border between Colombia and Brazil. Gold bearing reefs extend for 20 kms providing extensive targets for a drilling program that could run for years. Preliminary drilling a few years ago logged intercepts of 17 g/t over 3 meters and 2.5 g/t over 14 meters. In a strata-bound system this is a very encouraging start. Particularly as it confirmed a MMI anomaly.
The company has veteran Wits geologists in South Africa updating the mapping and advising on the forthcoming drilling. This is overseen by CSG’s largest shareholder centered in London. A private placement of only $500,000 will get the initial program started and more than half has been placed. With a gold fund manager in Toronto taking $200,000 of the issue, which is priced at 5 cents and includes a warrant at 6 cents.