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VANCOUVER, Dec. 9, 2013 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG) today announced the appointment of Ms. Piedad Jacqueline Romero Granados as an advisor to the Company. Ms. Romero has many years of executive experience in Colombian industry and financial markets. She will assume the role of Colombia Business Advisor to Cosigo management.
"Jacqueline Romero is a well-known businesswoman and a highly respected entrepreneur. She is a strong proponent of responsible resource development in Colombia. I am very glad that she has agreed to join the Cosigo team." stated Dennis Milburn, President and CEO of Cosigo.
The Company further provided an update on this year's drill program on the Machado project in southeastern Colombia. Samples from all 20 drill holes have been submitted to the laboratory and assay work is currently underway at ALS Chemex laboratories in North Vancouver, BC. The Company will report on assay results as these become available.
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 350,000 common shares in the capital of the Company at a price of $0.50 for a three year period.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company with mineral interests in properties in Brazil, Colombia and Canada. Cosigo has assembled a strong team, well experienced in the exploration and mining-finance industries. The Company's main focus is in the Taraira Gold Belt, which straddles the border between northwestern Brazil and southeastern Colombia. In Brazil, geological mapping has identified more than 250 km2 of prospective geology and sampling has identified gold-bearing strata over long strike-lengths in several locations. In southeastern Colombia, assays are pending from an initial 20 hole drill program, which was carried out in the summer of 2013. Cosigo's ongoing work in the Taraira Gold Belt 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.
/s/ "Dennis Milburn"
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]