Cosigo Resources Ltd. to begin talks with AMECA BVI for Joint Venture on Damian Property
April 07 2022 - 6:34PM
PR Newswire (Canada)
NEX: CSG:H
VICTORIA, BC, April 7,
2022 /CNW/ - Cosigo Resources Ltd. will begin talks
in the next 6 months with AMECA Mining BVI out of Mahoe Bay, BVI in
hopes of renewing a previous agreement to work together on the
Damian property in Cauca province of Colombia. Cosigo and
AMECA had initially planned on working together starting in October
of 2020 to commence further gold exploration activities on the
Damian property. AMECA Mining BVI would earn up to 80% of the
JV by spending CAD$1.5 million over
two years. Cosigo would also retain a 3% NSR with a buyout of
CAD$1 million. However the
pandemic delayed any activities from being initiated and the
agreement was stalled. Cosigo believes activities could
be renewed and is eager to resume talks in the next six months to
finalize the agreement and extend any terms as needed.
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 of the adequacy or
accuracy of this release.
On behalf of the Board of Directors
Cosigo Resources Ltd.
Andy Rendle
Director & COO
SOURCE Cosigo Resources Ltd.
Copyright 2022 Canada NewsWire
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