Business
Cosigo Resources Ltd. - Machado Drill Program Update
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About this update from Cosigo Resources Limited
[{"type":"text","content":"\n\n\n/NOT FOR  DISTRIBUTION  TO  UNITED  STATES  NEWSWIRE  SERVICES  OR  FOR \n DISSEMINATION  IN  THE  UNITED  STATES/\n\n\nCSG: TSX-V \n\n\nVANCOUVER, July 30, 2013 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG)\n today announced the completion of the field work phase of its first\n drilling program on the Machado Project in the Taraira Gold Belt of\n south eastern Colombia.\n\n\nTwenty reverse-circulation drill holes were completed at varying depths\n to a maximum of 95 meters.\n\n\nDennis Milburn, President of Cosigo, stated, \"We are proud of the efforts and dedication of our employees and\n contractors, who despite the strict conditions of our Forestry Reserve\n Subtraction successfully completed several drill holes through strata\n known to have produced gold in the past. Our focus has now shifted to\n the laboratory phase of the program and we are looking forward to\n receiving assay results over the next few months.\"\n\n\nDrilling at Machado was focused in the Cerro Rojo area at the center of\n the property. This area hosts numerous tunnels and an open pit mined by\n artisanal miners during a gold rush in the 1980's and 90's. The drill\n holes, each with a nominal diameter of 90 millimeters, were\n continuously sampled in five foot (1.52 meter) intervals. All samples\n have been transported off-site for processing and preparation for\n assay. The samples will be dried and processed to prepare splits for\n gold assay and multi-element analysis. Quality control samples,\n including standards and blanks, will be inserted into the sample stream\n prior to delivery to the assay laboratory. Duplicate sample material\n will be retained and placed in storage. Assay results will be reported\n by Cosigo as they become available.\n\n\nCosigo has applied for extensions to its Forestry Reserve Subtraction to\n allow for additional work. The company is working to ease some of the\n initial restrictions placed on it by the Government of Colombia by\n showing that its recently completed program has been environmentally\n sustainable. In addition, the Machado Project is of great benefit to\n the local community of Taraira, which continues to be supportive of\n Cosigo's efforts.\n\n\nAbout Cosigo Resources:\nCosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company\n ex...