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Cosigo Resources Ltd. - President's Update
Published : July 31, 2014
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Mots clés associés :   Canada | K Street |

Cosigo Resources Ltd. - President's Update

/NOT FOR  DISTRIBUTION  TO  UNITED  STATES  NEWSWIRE  SERVICES  OR  FOR  DISSEMINATION  IN  THE  UNITED  STATES/

CSG: TSX-V

VANCOUVER, July 30, 2014 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG) We are continuing to pursue asset financing options on our 10,000ha Machado Project in Colombia. As mentioned in an earlier letter, we believe we have the ability to explore and drill in all areas of the Project.

In Brazil, we are working with a well-respected merchant bank to arrange exploration funding and in addition, we are helping them develop government contacts in a Brazilian state for infrastructure projects in that state.

Native Communities have invited Cosigo to explore their 166,000ha territory which contains more than 400km of ridge geology similar to Machado. We now hold exclusive rights to explore and develop mining opportunities in this territory.

The La Vera ridge in Brazil hosts abundant historic workings and has never had modern exploration work. Cosigo's initial random grab samples returned 2.27 to 304g/t gold in several "reefs" of varying thickness. Channel sampling has traced gold mineralization in orthoquartzite for over 750m along strike with gold values up to 17.3g/t. Splits from a 200kg "mini-bulk sample" contained on average 3.5g/t gold with about 45% of the gold being coarse. (ie. >100um) Mineralization remains open-ended and rivals the Machado Project in size.

At Castanho, a 900m by 150m area is being worked by local miners. The majority of the exposed metasedimentary strata are gold-bearing with Cosigo's rock sampling returning gold values up to 298g/t. Additional gold recovery operations by natives occur along strike of this open-ended zone of gold mineralization. An interesting note for the town of Castanho is that its currency is gold.

Our current private placement of up to 5,000,000 units at $0.05 per unit is scheduled to close in August. Each unit consists of one share and one warrant. The warrant plus $0.10 will entitle the holder to purchase one additional share for a period of two years. We welcome investors to contact me for the required subscription forms and instructions.

One of our long term shareholders has agreed to match all other investors' commitments up to 25% as an indication of his confidence in the Cosigo venture.

I wish to thank all investors who have committed to investing in the current private placement and have returned their subscription forms and sent their money to our trust account.

We hope to be able to announce more details about our financing prospects this month.

Sincerely,

Dennis W Milburn
President and CEO

About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company with mineral interests in properties in Brazil, Colombia and Canada. Cosigo has assembled a strong team, well experienced in the exploration and mining-finance industries. The Company's main focus is in the Taraira Gold Belt, which straddles the border between northwestern Brazil and southeastern Colombia. In Brazil, geological mapping has identified more than 250 km2 of prospective geology and sampling has identified gold-bearing strata over long strike-lengths in several locations. Cosigo's ongoing work in the Taraira Gold Belt is the first modern exploration program in an area known to have hosted more than 100 historic gold mining operations.

On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/ "Dennis Milburn"
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

SOURCE Cosigo Resources Ltd.

For further information: Suite 1500, PO Box 1078, 885 West Georgia Street, Vancouver, B.C. Canada V6C 3E8, Phone: 877-866-8688 (N. America), +1-604-515-5970 (International), Web: www.cosigo.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Castle Gold Corporation

PRODUCTEUR
CODE : CSG.V
ISIN : CA22122T1030
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Castle Gold Corp. est une société de production minière d'or basée au Canada.

Castle Gold Corp. est productrice d'or, d'argent au Guatemala et au Mexique.

Ses principaux projets en production sont EL SASTRE GOLD MINE, EL SASTRE, EL SASTRE - EL ARENAL, EL SASTRE BRIDGE ZONE et EL SASTRE - LUPITA ZONE au Guatemala et EL CASTILLO MINE au Mexique et son principal projet en exploration est LA FORTUNA DURANGO au Mexique.

Castle Gold Corp. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 776 300 CA$ (596 819 US$, 545 553 €).

La valeur de son action a atteint son plus haut niveau récent le 18 janvier 2008 à 0,75 CA$, et son plus bas niveau récent le 30 juillet 2015 à 0,01 CA$.

Castle Gold Corp. possède 77 630 000 actions en circulation.

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Rapports annuels de Castle Gold Corporation
Annual Report 2007
Financements de Castle Gold Corporation
25/06/2014Cosigo announces non-brokered private placement
Nominations de Castle Gold Corporation
24/11/2014Cosigo announces resignation of two directors
02/07/2008Appoints New Chief Financial Officer and Manager of Investor...
Rapports Financiers de Castle Gold Corporation
25/11/2009Reports Third Quarter 2009 Operating and Financial Results
26/08/2009Reports Second Quarter 2009 Operating and Financial Results
23/01/2009(El Castillo Mine)Increase in Fourth Quarter 2008 Production
27/11/2008Third Quarter Financial Results
20/06/2008Files Q1-2008 Financial Statements Indicating First Quarter ...
13/06/2008Filing Of First Quarter Financial Statements Delayed Cease T...
07/09/2007Records Strong Second Quarter Results: Cash Costs Fall To $1...
Projets de Castle Gold Corporation
09/11/2009(La Fortuna Durango)Reports Up to 39 Grams Per Tonne Gold and Up to 1,500 Grams ...
21/10/2009(El Castillo Mine)Q3-2009 Operating Performance-El Castillo Gold Production In...
21/07/2009(El Castillo Mine)Operation of Remaining New Equipment Fleet at El Castillo Mi...
09/06/2009(El Castillo Mine)Intersects 42,7 Metres Grading 0,7 Grams Per Tonne Gold as P...
21/05/2009(El Castillo Mine)Intersects 109.7 Metres Grading 0.7 Grams Per Tonne Gold
02/03/2009(El Castillo Mine)Commences Drill Program to Test Gold Resource Expansion Pote...
24/02/2009(El Castillo Mine)625,000 Ounce Transition/Sulphide Zone Gold Resource Below E...
02/12/2008(La Fortuna Durango)Completes Phase 1 of Metallurgical Studies for La Fortuna Pr...
12/11/2008(La Fortuna Durango)43-101 Technical Report
20/08/2008(El Castillo Mine)Reports Enhanced Resources And Reserves And Resulting Increa...
11/08/2008(El Castillo Mine)Attains Commercial Production At Its El Castillo Gold Mine...
16/01/2008(La Fortuna Durango)Commences Drilling at La Fortuna Gold Project
10/01/2008(El Castillo Mine)Updates Progress at Castillo Mine
Communiqués de Presse de Castle Gold Corporation
03/08/2015Cosigo Requests NEX Listing
06/07/2015Cosigo Appoints Officers
11/05/2015IIROC Trading Halt - CSG
29/04/2015IIROC Trading Resumption - CSG
27/04/2015Cosigo Board Structures Acting Positions
07/03/2015Cosigo Board Appoints Two New Members
23/02/2015Cosigo Board and Management Resign
18/02/2015IIROC Trading Halt - CSG
26/11/2014Cosigo Engages Financial Advisory Services
15/10/2014Cosigo announces formation of strategic committee; Provides ...
31/07/2014Cosigo Resources Ltd. - President's Update
04/02/2014Cosigo reports further gold-bearing intercepts at Machado
20/12/2013Cosigo intersects gold in initial two drill holes at Machado
09/12/2013Cosigo adds Romero as Colombia Business Advisor
18/06/2013Cosigo Resources Ltd. Closes $1,113,775 Private Placement
21/05/2013Cosigo Resources announces non-brokered private placement
30/12/2009Over 90% of Castle Gold Shares Tenderedto Argonaut Offer-Arg...
15/12/2009Reminds Shareholders to Tender to Argonaut Gold Cash Offer
24/11/2009Provides an Update on Argonaut Gold Cash Offer
18/11/2009Closes Financing & Provides Up
30/10/2009 Management Change
28/10/2009Argonaut Gold Seeks to Acquire Castle Gold for a Minimum of ...
16/07/2009Provides Update on Strategic Alternative Review Process
18/06/2009Provides Update on Strategic Alternative Review Process
28/05/2009Reports Record Quarterly Gold Production and $0=2E01 Per Sha...
02/03/2009Committee Update and Shareholder Rights Plan
05/11/2008Announces Stock Repurchase Program
30/09/2008(CSG) at Toronto Cambridge Resource Investor Conference Oct...
26/09/2008Provides Update on Corporate Restructuring Initiatives
10/09/2008Announces Change to Its Board of Directors
04/07/2008Announces Results of Annual General Meeting
27/09/2007Sells First El Castillo Gold At Us $715 Per Ounce
17/09/2007Announces Early Exercise Warrant Incentive Amendment
11/09/2007 presenting at the 2007 Annual Resource Investors Forum in S...
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