Cosigo Resources Announces Acquisition of Conglomerate Layer Bulk Sample for Gravity Concentration Tests and Private Placement

The December 31, 2025, announcement outlines a two-pronged strategy: technical advancement and capital injection. Cosigo has acquired a 120 kg bulk sample from the "Chicken Coop" conglomerate layer at its Taraira project in Colombia for gravity concentration testing at a Vancouver lab. This follows 2024 drilling results which yielded one high-grade intercept of 11.3 g/t Au over 0.8 meters (at 63.5m depth), while the remaining six reported intervals were narrow (0.7m to 0.8m) and low-grade (ranging from 0.51 g/t to 1.74 g/t Au). To fund further work and general corporate needs, the company has announced a non-brokered private placement to raise $1,000,000 CAD through units priced at $0.08, including a five-year warrant at $0.15.

• Technical Impact: The high-grade hit of 11.3 g/t is a localized "sweet spot" rather than a confirmed trend. The very narrow widths (sub-1 meter) across all reported intervals suggest a difficult mining geometry if a resource is ever defined. The move to gravity testing suggests the company is looking for a low-cost processing route, which is essential given their limited capital.
• Financial Impact: The $1M financing is critical for survival. Per the Q3 2025 financials (period ending Sept 30), the company had a working capital deficit. This placement, if fully subscribed, provides a much-needed runway but continues the pattern of small-scale dilutive raises to cover high management and administration fees.
• Operational Impact: The assembly of an on-site pulverization mill and metallurgical lab (noted in the Dec 10 news) indicates an attempt to bypass expensive shipping of samples, but "90% equipment on-site" is not 100%, and the 2026 completion date is subject to typical frontier-jurisdiction delays.

• Flagship Project: Taraira Project (Machado Mineral License), Vaupes Province, Colombia.
• Geology: Gold-bearing conglomerates, frequently compared by management to Witwatersrand-style deposits, though this remains unproven at scale.
• Royalty: The Colombian government takes a 4% royalty, plus an additional 1% production revenue royalty agreed upon for the Machado license.