Cosigo Drill Conversion Test and Results
Original announcement by tmx on
- Company
- Cosigo Resources Ltd.
- Ticker
- CSG
- Exchange
- TSX
- Region
- Colombia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Other
- Extracted
- 2026-08-23 06:54:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Cosigo Resources has successfully converted its onsite 'Hornet' drill from an RC system to a thin-wall core system at the Taraira North property. The test drilling at Gallinero 1 and 2 revealed a new conglomerate layer and incidental gold intercepts in the ppb range, though drilling was hampered by sanding issues.
Reasoning: The announcement focuses on a technical drill rig conversion test rather than a formal exploration program. While gold was incidentally detected, the grades are extremely low (ppb) and the primary purpose was testing equipment capability.
Positive factors
- successful conversion of drill rig to core system
- identification of new conglomerate layer
- incidental gold intercepts
Negative factors
- drilling difficulties due to sanding
- very low grade intercepts (ppb level)
- limited depth achieved
Facts used in scoring: 3
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions a Qualified Person (Erik Ostensoe, P.Geo.) has reviewed the cores and approves the disclosure.
Evidence · text
“Erik Ostensoe, P.Geo., ... has reviewed Gallinero 1 & 2 drill cores and approves the scientific and technical disclosure”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
Gallinero 1Taraira North · goldGrade: 20Grade Unit: ppbView all detailsHide details
Identity
- Hole ID
- Gallinero 1
- Project
- Taraira North
- Commodity
- gold
- Ticker
- CSG
Geometry
- Grade
- 20
- Grade Unit
- ppb
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-04-23T00:00:00.000Z
Reasoning: One sample returned 20 ppb Au during an equipment test.
Positive factors
- incidental gold discovery
Negative factors
- extremely low grade
Evidence · text
“one sample returning 20 ppb Au”
Gallinero 2Taraira North · goldGrade: 380Grade Unit: ppbView all detailsHide details
Identity
- Hole ID
- Gallinero 2
- Project
- Taraira North
- Commodity
- gold
- Ticker
- CSG
Geometry
- Grade
- 380
- Grade Unit
- ppb
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-04-23T00:00:00.000Z
Reasoning: A sample near the bottom of Gallinero 2 returned 380 ppb Au.
Positive factors
- highest intercept in test
Negative factors
- extremely low grade
Evidence · text
“returned assays of 170 ppb Au and 380 ppb Au”
Gallinero 2Taraira North · goldGrade: 170Grade Unit: ppbView all detailsHide details
Identity
- Hole ID
- Gallinero 2
- Project
- Taraira North
- Commodity
- gold
- Ticker
- CSG
Geometry
- Grade
- 170
- Grade Unit
- ppb
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-04-23T00:00:00.000Z
Reasoning: A sample near the bottom of Gallinero 2 returned 170 ppb Au.
Positive factors
- incidental gold discovery
Negative factors
- extremely low grade
Evidence · text
“returned assays of 170 ppb Au and 380 ppb Au”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.