Frontier Pacific & Cosigo Resources are awarded and sign Taraira Gold Concession, Southeastern Colombia


BFP Magazine



Award and signing of a Concession Contract

Frontier Pacific & Cosigo Resources are awarded and sign Taraira Gold Concession, Southeastern Colombia

Filing Services Canada FSC / Press Release

Tuesday, October 2, 2007

Vancouver, British Columbia CANADA, - Frontier Pacific Mining Corporation (FRP - TSX Venture), ("Frontier Pacific")and Cosigo Resources Inc. ("Cosigo"), a private B.C. corporation, are pleased to announce the award and signing of a Concession Contract (the "Contract") with the Instituto Colombiano de Geologia y Minera ("INGEOMINAS") for the Taraira Gold Concession (the "Taraira Concession") in the Department of Vaupes, south eastern Colombia. The Contract was signed on September 28, 2007 by the Colombian branch of Cosigo Frontier Mining Corp. ("Cosigo - Frontier"), a private B.C. company. The B.C. company is owned 51% by Frontier Pacific and 49% by Cosigo.

The 9,973 hectare Taraira Concession was awarded to Cosigo - Frontier by INGEOMINAS following a competitive bidding process involving a number of international mining companies. Frontier Pacific has the option to invest US$2 million on exploration over a three year period to retain its ownership position in Cosigo - Frontier. The Contract duration is for thirty years with an option to extend the option period for an additional thirty years.

The Taraira Concession covers portions of the Taraira Gold Belt in south eastern Colombia and north western Brazil. Gold in the Belt is hosted in Precambrian metasedimentary conglomerates of the Pedrera Formation part of the Guyana shield that are exposed in prominent erosional ridges. Dr. Joseph H. Montgomery has stated that: "The Taraira Gold Belt may be likened to paleoplacer deposits similar geologically to the classical Witwatersrand of South Africa. The deposits carry both stratabound detrital gold and later hydrothermal gold/quartz mineralization. In addition, extensive recent placer deposits have formed through erosion of the original deposits."

Custom Search

Hogar Campestre Anapoima, Hogar Geriatrico





Pursuant to Title 17 U.S.C. 107, other copyrighted work is provided for educational purposes, research, critical comment, or debate without profit or payment. If you wish to use copyrighted material from this site for your own purposes beyond the 'fair use' exception, you must obtain permission from the copyright owner.

Views are those of authors and not necessarily those of Bogota Free Planet. Content is Copyright 2011 the individual authors.