# Cosigo Drill Conversion Test and Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/cosigo-drill-conversion-test-and-results--b36c4c92-de24-4c0d-8d1f-3a4bdf828df1 Original source: https://money.tmx.com/en/quote/CSG/news/7445921685400212/cosigo-drill-conversion-test-and-results Publisher: tmx Original announcement: 2024-04-23T21:50:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Cosigo Resources Ltd. - Ticker: CSG.h - Exchange: TSX - Region: Colombia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Other - Extracted: 2026-09-15 19:22:54 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Cosigo Resources has completed a technical test converting its portable 'Hornet' drill from an RC to a core system at the Taraira North property. While the test revealed a new conglomerate layer and trace gold \(up to 380 ppb Au\), the small machine faced significant drilling difficulties due to sanding. Reasoning: The announcement focuses on a technical drill conversion test rather than a major discovery, though it successfully identified a new stratigraphic unit and trace gold. - Positive factor: Successful conversion of portable drill from RC to core system - Positive factor: Discovery of previously unsuspected conglomerate layer - Positive factor: Presence of gold assays up to 380 ppb in Gallinero 2 - Negative factor: Low core recovery in several intervals \(as low as 16.8%\) - Negative factor: Drilling difficulties due to sanding/choking in small machine - Negative factor: Very low grade intercepts \(ppb range\) not meeting economic thresholds Facts used in scoring: 2 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Erik Ostensoe, P.Geo. \(Qualified Person\) has reviewed and approved the technical disclosure. Evidence · text > Erik Ostensoe, P.Geo., ... a Qualified Person ... has reviewed Gallinero 1 & 2 drill cores and approves the scientific and technical disclosure **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The placement of test holes was for convenience near the camp and not for geological potential, serving as a technical test. Evidence · text > Placement of the test drill holes was determined for convenience near the Cosigo camp tool shop and not for geological potential. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Gallinero 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/cosigo-drill-conversion-test-and-results--b36c4c92-de24-4c0d-8d1f-3a4bdf828df1#fact-drill-facts-0) Taraira North · gold #### Identity - Hole ID: Gallinero 1 - Project: Taraira North - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CSG.h #### Geometry - Grade: 20 - Grade Unit: ppb - Hole Depth: 57 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: Gallinero 1:0-57 - Mining Method: unknown #### Location - Location: Gallinero 1 - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-23T00:00:00.000Z Reasoning: Single sample returning 20 ppb Au is not a material intercept. - Negative factor: Grade is in ppb range Evidence · text > one sample returning 20 ppb Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Gallinero 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/cosigo-drill-conversion-test-and-results--b36c4c92-de24-4c0d-8d1f-3a4bdf828df1#fact-drill-facts-1) Taraira North · gold #### Identity - Hole ID: Gallinero 2 - Project: Taraira North - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CSG.h #### Geometry - Grade: 380 - Grade Unit: ppb - Hole Depth: 80 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: Gallinero 2:0-80 - Mining Method: unknown #### Location - Location: Gallinero 2 - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-23T00:00:00.000Z Reasoning: 380 ppb Au is a notable sample but still very low grade for gold exploration. - Positive factor: Highest grade reported in the test - Negative factor: Grade is in ppb range Evidence · text > returned assays of 170 ppb Au and 380 ppb Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.