Cosigo Resources Announces Results of Conglomerate Layer Bulk Sample for Gravity Concentration Tests

Cosigo Resources released the results of a 60 kg bulk sample taken from the “Chicken Coop” conglomerate at its Taraira (Colombia) project. The Knelson gravity test and screen assay showed a weighted average gold grade of only 0.03 g/t Au. Although the pan concentrate reached 5.21 g/t Au, it represented just 6.9 % of the total gold in the sample, with the majority of gold reporting to the Knelson tails (35.2 %) and pan tails (58.0 %). The geological summary confirms the conglomerate extends ~1,019 m strike, ~5.08 m thickness, and hosts elevated Au over an ~813 m southeastern segment, but the bulk sample indicates low overall grade.

The news reveals a material negative outcome: the bulk‑sample grade is far below the high‑grade channel results previously reported (up to 11.3 g/t Au) and suggests limited economic potential for the conglomerate horizon without costly beneficiation. This contradicts earlier optimism that the Taraira project could host a near‑surface, low‑cost gold resource. Consequently, investor sentiment is likely to deteriorate, potentially triggering a re‑rating of the stock downward.

Cosigo Resources Ltd. is a junior gold explorer listed on the TSX‑V (CSG) and OTCQB, focused on advancing gold properties in Colombia and Nevada. Its flagship asset is the Taraira project in the Vaupés department of Colombia, where the “Chicken Coop” conglomerate hosts gold mineralization. The company also holds the Willow Creek property (Nevada) and the Damian property (Colombia) for exploration diversification.