Cosigo was a private co. which bought an ore deposit in Colombia from the Govt in a partnership with Fronteer Gold a public co some time in 07. Fronteer was bought out by Newmont leaving the property to Cosigo . This deposit is on land set aside by the Govt after coarse gold was found on surface in the early 80s . After the FARC moved out the Govt put the deposit up for auction . You will see from post 27 the Colombian Govt thought so highly of the deposit that they mentioned it at PDAC 2010 as a possible new producer in the near future . The claims are on elevated sandstone ridges that help draw the border between Brazil and Colombia .
In order to raise funds for further exploration Cosigo did a reverse take over of a Canadian shell Horseshoe Gold HSX.v
* What makes this deposit special ? Not only is the geology styled for large structure , more on that below , but the soil anomaly is outstanding . The #s they are getting have not been found before . 100 RR is very significant for AU . Cosigo has several over 10000 and a 400 by 1200 m area in the 1000 to 5000 range . Read articles on MMI testing below . High grade bulk at surface in more than one location and placer in all 15 streams running off claims are suggestive of a large high grade deposit .From the SEDAR Tech Report the Colombia Govt thought in the center of the project at Rojo Hill locals were working an area that must have graded about 3 oz/ton . See corporate presentation .
* SO WHY IS THE PRICE SO LOW as of DEC. 2011 ? This is in a remote part of the Amazon Basin . We have all seen Avitar and no one wants a replay . When wild life groups knew that Cosigo was getting permits to explore/drill in this area they worked togeather to have a park established very close to the Machado project and over one or more of the other claims that Cosigo had . Negoiations are on going . The deal with the Natives of Brazil , very close to the Colombian claims , is a 75/25 split . It is hoped that some thing similar will emerge from the Colombian talks . We wait for that decision . The Company has said their Brazilian claims appear to rival the Colombian but we have yet to see Bulks , Soil Anomalies ect to back this up .
* Why Anticlines can create large Mineral/Gold depsits if the conditions are right and why Dr Montgomery thinks it has the chance to be a big one . . gly.uga.edu searchanddiscovery.com In this case the plate was heated enough for the gold to melt but not enough to completely metamorphose/melt the host rock . There is the case of the IP test run by the Colombian Govt that shows a significant chargeability structure at Rojo Hill 200 m deep . Put that into the mix of anticline+12000 RR+IP Response=big hunka metal perhaps ?
Technical Report from SEDAR. cosigo.com
* Corporate Presentation
cosigo.com This April 2011 Corporate Presentation , which shows the area of hematite , should be viewed with the Oct 2010 C.P. pdf . The earlier shows the area in colour of the MMI zones . They drop down in steps range 50 - 100 , 500 - 1000 , 1000 - 5000 . The hematite is altered and has higher grades .
Updated PDF may 05/11 on Cosigo . Good thumb nail sketch .
cosigo.com
This is an example of what MMI can do in a tropical setting .
lithofire.com
This is MMI compared to other Geochem systems .
appliedgeochemists.org The older soil anomaly test was used by Shawn Ryan in Alaska to find his deposits . Google him and soil anomally to get an idea of its power when done right . The newer MMI test is an improvement over the older test used by Shawn .
These next 2 links are explanations of MMI as a new Geophysical method for finding buried mineral deposits with an over 90 % record in stable soils . If it is there MMI will find it . The last link is every thing you need to know about MMI .
geochem.sgs.com
2/3 down page discussion of MMI process.
otmining.com
geochem.sgs.com Or every thing to know about MMI .
Futher thoughts on MMI - It is such a simple cost effective test that it will eventually replace many other Geochem/ Geophysical tests for a lot of future exploration . This is opinion from published comments .
Send a couple of men out with pastique shovels /scoops and zip lock bags . Take the scoop from the correct predetermined depth . Too easy .
In most situations it will provide a sharper more sensitive image of a deposit than any other test . In the lab new equipment allows the ions to be separated out and counted . All by machine . Read the rest of the items about MMI on this header for an over view .
cosigo.com Web Page .
Death of Indigenous Peoples will appear in a Google search . Discussed this with the co . They say it is all false . A professional agitation group in South America was responsible . See post 13 .
CAUTION/WARNING : 1. We all and me especially am capable of thinking my self right and later being proven to be completely wrong . Each time it costs $ and it happens frequently .
2. Predator/Prey This is an aspect of the relationship of the new investor to the old/established system . If you do not have skills or comparable knowledge you are at a disadvantage . How much you make or keep will depend on your learning .
This board is not an invitation to buy any thing . Hopefully it is a discussion of what may or may not be a major new deposit . |
