EXPLORING THE TARAIRA GOLD BELT MAR 2014cosigo.com/i/pdf/CorporatePresentation.pdf · 2015. 6....

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TSX-V:CSG EXPLORING THE TARAIRA GOLD BELT – MAR 2014

Transcript of EXPLORING THE TARAIRA GOLD BELT MAR 2014cosigo.com/i/pdf/CorporatePresentation.pdf · 2015. 6....

Page 1: EXPLORING THE TARAIRA GOLD BELT MAR 2014cosigo.com/i/pdf/CorporatePresentation.pdf · 2015. 6. 9. · TSX-V:CSG B R A Z I L HIGHLIGHTS • The Taraira Gold Belt is a large system

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EXPLORING THE TARAIRA GOLD BELT – MAR 2014

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This presentation may contain “forward-looking statements.” These forward-looking

statements are made as of the date of the PowerPoint presentation and Cosigo Resources

Ltd. does not intend, and does not assume any obligation, to update these forward-looking

statements. Forward-looking statements include, but are not limited to, statements with

respect to the timing and amount of estimated future exploration, success of exploration

activities, expenditures and requirements for additional capital.

Forward-looking statements involve known and unknown risks, uncertainties and other

factors which may cause the actual results, performance or achievements of the Company to

be materially different from any future results, performance or achievements expressed or

implied by the forward-looking statements. Such factors include, among others, risks related

to actual results of current exploration activities; changes in project parameters as plans

continue to be refined; the ability to enter into joint ventures or to acquire or dispose of

property interests; risks associated with reliance on historical information; future prices of

mineral resources; accidents, labour disputes and other risks of the mining industry; ability to

obtain financing; and delays in obtaining governmental approvals or financing.

Dr. Joseph Montgomery, P.Eng., Executive Vice-President of Cosigo, is a Qualified Person

under NI 43-101 and is responsible for the design and execution of the programs carried out

by Cosigo in the Taraira Gold Belt. Dr. Montgomery has reviewed and approved the technical

content of this presentation for compliance with NI 43-101. The technical information on the

Machado Project included in this presentation is sourced from “Technical Report, Machado

Project, Vaupes Department, Colombia” prepared for Horseshoe Gold Mining Inc. by

Raymond M. Ashley, Professional Geophysicist and dated January 16, 2011.

FORWARD LOOKING STATEMENTS

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B R A Z I L

HIGHLIGHTS

• The Taraira Gold Belt is a large system of gold-bearing ridges in southeastern Colombia and northwestern Brazil

• Cosigo’s work has shown that the ridges host extensive strata-bound gold mineralization with potential for high grades

• In Colombia, Cosigo controls a large land package, which includes many historic gold mining areas

• In Brazil, through unique agreements, Cosigo has been granted exclusivity to a 166,000 ha area with more than 400 km2 of ridge geology

• The Taraira Gold Belt is potentially one of the largest unexplored gold districts in the world

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C O L O M B I A

B R A Z I L

TARAIRA GOLD BELT

E Q U A D O R

P E R U

Vancouver

COSIGO FOCUS AREA

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TARAIRA GOLD BELT

COLOMBIA

BRAZIL

• Large belt of metasedimentary ridges in

Colombia and Brazil

• Taraira Gold Belt geology has similarities with

that of the Witwatersrand belt in South Africa

• Intensely deformed, extensive old sedimentary

deposits

• Fine-grained detrital gold in multiple strata

• Coarse-grained gold in veins and silicified strata

• Gold-bearing conglomerate

• Witwatersrand has produced 40% of all gold

mined to date

• Taraira Gold Belt remains largely unexplored

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80 km

13

0 km

TARAIRA GOLD BELT HISTORY

Gold was first discovered in the ridges in 1980s • Gold rush with 10,000 miners on

Machado and Garimpo ridges

• Colombian government started investigating the geology of the area

• 10,000 ha at Machado was reserved by the Colombian State as an area of national interest and was put out to bid

• Machado bid was won by Cosigo

Machado

Colombia

Brazil

Garimpo

Libertad

Castano

Esperanza La Vera

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MACHADO - GOVERNMENT FINDINGS

• Government reported over 130 artisanal gold mining operations at Machado in early 1990s

• Evidence of gold mineralization was found along the entire 20 km length of the Machado bid area

• Government reported 3,600 t of rock

mined from small open pit at Cerro Rojo contained 83 g/t Au (Government data, unconfirmed by Cosigo)

• Government drilled 12 non-targeted, stratigraphic drill holes. Six holes, over a 2.5 km strike-length, contained visible gold

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B R A Z I L

MACHADO RIDGE

1 km

10

0 m

MACHADO RIDGE

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MACHADO RIDGE ACCESS

3,700 ft airstrip at Machado

Cosigo Exploration Camp

River system is the lifeline of the region

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MACHADO – HISTORIC MINING

Open pit gold mine at Cerro Rojo

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MACHADO – HISTORIC MINING

Tunnels at Cerro Rojo

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MACHADO – COSIGO WORK

Large MMI gold anomaly at the center of the Machado Property

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MACHADO – COSIGO WORK

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TARAIRA MINERALIZATION IS COARSE

Small samples will underestimate true gold grade in a coarse gold environment

Coarse gold grains

Increasing sample size

High grade Low grade Barren

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TARAIRA MINERALIZATION IS COARSE

Samples From the Agamenon Adit at Machado

Low grade

Two 1 kg one meter long channel samples • Screen fire assay • 0.73 and 0.98 g/t gold

High grade

A 617 kg rock sample blasted from the same location • Crushed and blended • Two 10 kg sub-samples assayed • 37.6 and 27.2 g/t gold • 88% of the gold was recoverable by gravity

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MACHADO – DRILL PROGRAM

• Summer 2013 drill program focused in the Cerro Rojo sector

• Site of the strongest MMI anomaly • Abundant historic workings • Easy logistics • Drill permit restrictions

• 20 drill holes totalling 1,168 m

• Reverse circulation with hole depths up to 95 m

• Average hole depth 58 m • Entire sample collected in 5 ft

increments

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MACHADO – DRILLING

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MACHADO – DRILL HOLES

800 m (not to scale)

Au assays

SE NW 1.11 g/t Au over 21.34m

4.44 g/t Au over 3.04m

2.53 g/t Au over 13.72m 1.76 g/t Au over 6.09m

17.19 g/t Au over 3.04m

0.50 g/t Au over 15.24m 1.59 g/t Au over 3.04m 0.66 g/t Au over 1.52m

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MACHADO – DRILL HOLES

Downhole chemistry - Al and Ba

SE NW

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MACHADO – DRILL HOLES

SE NW

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MACHADO – DRILL HOLES

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MACHADO – DRILL HOLES

800 m (not to scale)

Gold Reef 1

Gold Reef 2

Gold Reef 3

FAU

LT Z

ON

E

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MACHADO – DRILL HOLES

800 m (not to scale)

Gold Reef 1

Gold Reef 2

Gold Reef 3

FAU

LT Z

ON

E

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MACHADO – SUMMARY

• Large samples have shown high gold grades in a coarse gold environment • Bulk samples ran 32.4 g/t Au • Five 40 kg samples averaged 63.78 g/t Au

• Drilling proves that mineralization is strata-bound and widespread

• Single drill holes able to show where gold is rather than how much • Historic gold production over 20 km of the ridge

• Gold-bearing horizons are known to exist below the strata intersected

by Cosigo’s drilling • Two of the biggest producers, Castaneda and Chile • Gold-bearing conglomerate

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TARAIRA GOLD BELT IN BRAZIL

La Vera ridge (Brazil) seen from Cosigo’s field camp at Machado (Colombia)

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TARAIRA GOLD BELT IN BRAZIL

• Brazilian side of the border is host to

very large metasedimentary ridges

• More than 400 km2 of ridge outcrop

• Artisanal mining has occurred at La Vera,

Castano and in many locations easily

accessed from the rivers

• Brazilian Geological Survey maps show

numerous gold showings in the area

Machado

Colombia

Brazil

Garimpo

Castano

La Vera Esperanza

Gold showing

Libertad

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• Thanks to its work in Colombia, Cosigo is also well-known in Brazil • Native communities invited Cosigo to explore

in their territory

• In December of 2012, Cosigo signed an

exclusive Declaration of Intent with the community of Jose Mormes

• Declaration grants Cosigo the exclusive right to explore and develop mining opportunities in a 166,000 ha area • Provincial Government very supportive of

Castano pilot project starting in 2014 • Cosigo’s 3-year exclusivity period starts on

receipt of project approvals

• Area of exclusivity includes known gold

occurrences on the Castano, La Vera and Esperanza ridges

BRAZIL – COSIGO AREA OF EXCLUSIVITY

Colombia

Brazil Machado

Castano

La Vera Colombia

Esperanza

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• At Castano, a 900 m x 150 m area has been worked on surface by local miners

• The majority of the exposed meta-sedimentary strata are gold-bearing

• Initial rock sampling returned gold values up to 298 g/ton

• Further gold recovery operations occur along strike of this open-ended zone of gold mineralization

BRAZIL - CASTANO

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BRAZIL - CASTANO

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BRAZIL - CASTANO

Leve

l 1

Leve

l 2

Leve

l 3

?

Preliminary geological interpretation

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• The La Vera ridge hosts abundant historic workings as well as a few current artisanal mining operations

• No modern systematic exploration work has been carried out at La Vera

• Cosigo’s initial random grab samples

returned 2.27 to 304 g/t gold

• Several “reefs” of gold-bearing strata of varying thickness have been identified to date

• In the locales studied at La Vera to date, mineralization is hosted by ortho-quartzite strata

BRAZIL - LA VERA

La Vera grab sample assays

Hardrock workings at La Vera’s Level 4

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• Channel sampling has traced gold mineralization for over 750 m along strike with gold values up to 17.3 g/t

• Splits from a 200 kg “Mini-bulk sample” contained on average 3.5 g/ton gold

• No visible gold was observed in the 200 kg sample, however, assays show that a fair portion (avg. 45%) of the gold is coarse (i.e. > 100 µm)

• Mineralization remains open-ended,

rivals Machado in size

BRAZIL - LA VERA

La Vera “Mini-bulk sample” results

Operating ballmill at La Vera

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Dennis Milburn - President & CEO, Director • Geologist and Chartered Accountant • Over 40 years in the mining and mining finance industries • Involved in raising more than $700 Million for mineral exploration

Dr. Joe Montgomery - Executive VP Expl, Director • Professional Engineer and PhD in Geology. P.Eng • Extensive international geological experience • Director of Anglo Potash, which was acquired by BHP Billiton in 2008

Andy Rendle - VP South American Ops, Director • Raised in Colombia • Fluent in Spanish and South American business culture • 18 years experience in the Colombian and Brazilian mineral industries

DIRECTORS & MANAGEMENT

Magnus Haglund - Exploration Manager, Director • MSc (Geology), P.Geo • 15 years experience in the mineral exploration industry with management positions in both private and publicly traded companies

Pat Mooney - Director

• More than 30 years of drilling and exploration experience • Expert on cost-effective and rapid drilling systems

Edward G. Robinson - Director • Chartered accountant and business valuator • Over 35 years experience in the finance and mining finance sectors

Christine Aney – Chief Financial Officer • Chartered Accountant • Long career with both public and private resource companies

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SUMMARY

• Being first in the region, Cosigo is in a position to take advantage of opportunities in the Taraira Gold Belt with outstanding potential for multiple major gold discoveries

• Work to date has identified several areas of gold mineralization, both in Colombia and Brazil

• Bulk sampling has highlighted the high grade potential and drilling has shown that

the area hosts strata-bound gold

• Cosigo’s agreements with Brazilian native communities grants Cosigo an exclusive right to explore and develop mining projects in an area with more than 400 km2 of prospective geology

• Plans for Phase II drilling at Machado and bulk sampling at Castano are currently being drawn up

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• Shares issued: 77.6 Million

• Fully diluted: 113.3 Million

• Warrants outstanding: 29 Million

• Options outstanding: 6.7 Million

SHARE STRUCTURE

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Suite 1500, PO Box 1078, 885 West Georgia St.

Vancouver, BC, V6C 3E8

Phone: 1-877-866-8688 (North America) +1-604-515-5970 (International)

For more information, please contact:

Dennis Milburn, President & CEO Phone: 1-604-970-4498

E-mail: [email protected]

CSG:TSXV