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VANCOUVER, Dec. 3, 2013 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG) today announced the appointment of Raymond M. Ashley as Technical Advisor to the Company.
Mr. Ashley has worked in the exploration industry for over 25 years both in Canada and around the world. He is a graduate of McGill University in Montreal with a BSc. in Solid Earth Geophysics, and has been a Professional Geophysicist with APEGGA since the 1980's.
Dennis Milburn, President and CEO of Cosigo stated: "We are delighted to have a highly respected explorer like Ray join us as a Technical Advisor. His geophysical expertize, his vast experience, and his impressive track record of discovery will be great assets to us as we advance our projects in the Taraira Gold Belt."
From 1990 to 1996, Mr. Ashley was employed with BHP-Billiton, first in gold and base metal exploration and later in diamonds. With BHP-Billiton he was a key member of the discovery team of Ekati, Canada's first diamond mine, as he held the position of Exploration Manager Canada Diamonds. From 1996 to 2009 he was VP Exploration for Dia Met Minerals in exploration for diamonds internationally, COO of Trigon Exploration Ltd., a public company he co-founded, and VP Exploration for Diamondex Resources Ltd. He is currently VP Exploration of Fission Uranium Corp. and a member of the team responsible for the high grade uranium discovery at Waterbury Lake and, most recently, the spectacular uranium discovery at Patterson Lake South in Saskatchewan.
In connection with today's appointment, pursuant to the terms and conditions of the Company's stock option plan, Cosigo has granted stock options for the purchase of up to 100,000 common shares in the capital of the Company at a price of $0.50 for a ten year period.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company exploring for gold deposits in Colombia and Brazil. Cosigo has assembled a strong team, well experienced in South America and in the exploration and mining-finance industries. The Company's flagship project is its 100% owned Machado Project in the Taraira Gold Belt of southeastern Colombia where geological mapping and geochemical sampling have identified potentially gold-bearing strata over a strike-length of more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado Project 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.
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:
Barry Holmes, VP Corporate Development
Toll-free: 1-877-866-8688 (North America)
E-mail: [email protected]